AUDUSD=X vs. UNG
AUDUSD=X (AUD/USD) is a currency, while UNG (United States Natural Gas Fund LP) is Oil & Gas fund tracking the Front Month Natural Gas Futures. Over the past 10 years, AUDUSD=X returned -0.63%/yr vs -22.45%/yr for UNG. At a 0.07 correlation, their price movements are largely independent.
Performance
AUDUSD=X vs. UNG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AUDUSD=X achieves a 4.93% return, which is significantly higher than UNG's -16.07% return. Over the past 10 years, AUDUSD=X has outperformed UNG with an annualized return of -0.63%, while UNG has yielded a comparatively lower -22.45% annualized return.
AUDUSD=X
- 1D
- 0.12%
- 1M
- -0.12%
- 6M
- 4.29%
- YTD
- 4.93%
- 1Y
- 7.52%
- 3Y*
- 1.34%
- 5Y*
- -0.98%
- 10Y*
- -0.63%
- ALL TIME*
- -0.74%
UNG
- 1D
- -2.09%
- 1M
- -12.35%
- 6M
- -0.39%
- YTD
- -16.07%
- 1Y
- -35.08%
- 3Y*
- -29.27%
- 5Y*
- -28.40%
- 10Y*
- -22.45%
- ALL TIME*
- -28.43%
AUDUSD=X vs. UNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUDUSD=X AUD/USD | 4.93% | 7.81% | -9.12% | -0.06% | -6.27% | -5.58% | 9.75% | -0.37% | -9.73% | 8.36% |
UNG United States Natural Gas Fund LP | -16.07% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 5.96% | -37.58% |
Correlation
The correlation between AUDUSD=X and UNG is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2007 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AUDUSD=X vs. UNG — Risk / Return Rank
AUDUSD=X
UNG
AUDUSD=X vs. UNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) and United States Natural Gas Fund LP (UNG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AUDUSD=X | UNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.93 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.88 | +2.06 |
| Martin ratioReturn relative to average drawdown | 2.88 | -1.42 | +4.30 |
Loading charts...
Drawdowns
AUDUSD=X vs. UNG - Drawdown Comparison
The maximum AUDUSD=X drawdown since its inception was -47.87%, smaller than the maximum UNG drawdown of -99.88%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and UNG.
Loading charts...
Drawdown Indicators
| AUDUSD=X | UNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -99.88% | +52.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -39.94% | +34.82% |
Max Drawdown (3Y)Largest decline over 3 years | -13.83% | -68.16% | +54.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -92.49% | +71.10% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -93.55% | +64.37% |
Current DrawdownCurrent decline from peak | -36.44% | -99.87% | +63.43% |
Average DrawdownAverage peak-to-trough decline | -26.06% | -90.01% | +63.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 25.99% | -23.97% |
Volatility
AUDUSD=X vs. UNG - Volatility Comparison
The current volatility for AUD/USD (AUDUSD=X) is 1.44%, while United States Natural Gas Fund LP (UNG) has a volatility of 10.17%. This indicates that AUDUSD=X experiences smaller price fluctuations and is considered to be less risky than UNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AUDUSD=X | UNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 10.17% | -8.73% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 47.34% | -41.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.45% | 59.71% | -52.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.03% | 64.17% | -54.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 54.76% | -45.19% |
Frequently Asked Questions
AUDUSD=X and UNG have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (10.17%) compared to AUDUSD=X (1.44%). In terms of maximum drawdown, AUDUSD=X dropped -47.87% vs UNG's -99.88%.
AUDUSD=X currently has the higher Sharpe Ratio (0.81 vs -0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AUDUSD=X and UNG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer