FCG vs. UNL
Compare and contrast key facts about First Trust Natural Gas ETF (FCG) and United States 12 Month Natural Gas Fund LP (UNL).
FCG and UNL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCG is a passively managed fund by First Trust that tracks the performance of the ISE-Revere Natural Gas Index. It was launched on May 8, 2007. UNL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Natural Gas. It was launched on Nov 18, 2009. Both FCG and UNL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCG or UNL.
Key characteristics
| FCG | UNL | |
|---|---|---|
| YTD Return | 6.77% | -15.85% |
| 1Y Return | 6.32% | -32.33% |
| 3Y Return (Ann) | 14.55% | -18.66% |
| 5Y Return (Ann) | 22.59% | -4.85% |
| 10Y Return (Ann) | -7.92% | -8.46% |
| Sharpe Ratio | 0.33 | -1.05 |
| Sortino Ratio | 0.59 | -1.54 |
| Omega Ratio | 1.07 | 0.84 |
| Calmar Ratio | 0.09 | -0.37 |
| Martin Ratio | 0.92 | -1.22 |
| Ulcer Index | 7.89% | 27.11% |
| Daily Std Dev | 22.14% | 31.39% |
| Max Drawdown | -97.20% | -88.01% |
| Current Drawdown | -78.85% | -87.34% |
Correlation
The correlation between FCG and UNL is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FCG vs. UNL - Performance Comparison
In the year-to-date period, FCG achieves a 6.77% return, which is significantly higher than UNL's -15.85% return. Over the past 10 years, FCG has outperformed UNL with an annualized return of -7.92%, while UNL has yielded a comparatively lower -8.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCG vs. UNL - Expense Ratio Comparison
FCG has a 0.60% expense ratio, which is lower than UNL's 0.90% expense ratio.
Risk-Adjusted Performance
FCG vs. UNL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Natural Gas ETF (FCG) and United States 12 Month Natural Gas Fund LP (UNL). 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.
Dividends
FCG vs. UNL - Dividend Comparison
FCG's dividend yield for the trailing twelve months is around 3.06%, while UNL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCG First Trust Natural Gas ETF | 3.06% | 3.25% | 3.04% | 1.73% | 3.83% | 2.88% | 1.46% | 1.56% | 1.69% | 4.82% | 1.34% | 0.35% |
UNL United States 12 Month Natural Gas Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCG vs. UNL - Drawdown Comparison
The maximum FCG drawdown since its inception was -97.20%, which is greater than UNL's maximum drawdown of -88.01%. Use the drawdown chart below to compare losses from any high point for FCG and UNL. For additional features, visit the drawdowns tool.
Volatility
FCG vs. UNL - Volatility Comparison
The current volatility for First Trust Natural Gas ETF (FCG) is 7.77%, while United States 12 Month Natural Gas Fund LP (UNL) has a volatility of 10.53%. This indicates that FCG experiences smaller price fluctuations and is considered to be less risky than UNL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.