MXNUSD=X vs. UNG
MXNUSD=X (MXN/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, MXNUSD=X returned 0.90%/yr vs -22.61%/yr for UNG. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
MXNUSD=X vs. UNG - Performance Comparison
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Returns By Period
In the year-to-date period, MXNUSD=X achieves a 4.08% return, which is significantly higher than UNG's -17.94% return. Over the past 10 years, MXNUSD=X has outperformed UNG with an annualized return of 0.90%, while UNG has yielded a comparatively lower -22.61% annualized return.
MXNUSD=X
- 1D
- 0.15%
- 1M
- 0.93%
- 6M
- 0.99%
- YTD
- 4.08%
- 1Y
- 8.95%
- 3Y*
- 0.06%
- 5Y*
- 2.83%
- 10Y*
- 0.90%
- ALL TIME*
- -2.31%
UNG
- 1D
- 0.50%
- 1M
- -13.13%
- 6M
- -40.47%
- YTD
- -17.94%
- 1Y
- -26.14%
- 3Y*
- -28.64%
- 5Y*
- -28.82%
- 10Y*
- -22.61%
- ALL TIME*
- -28.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MXNUSD=X MXN/USD | $1.16K | $2.53K | $2.83K |
| $82.18M | $81.43M | $85.25M |
MXNUSD=X vs. UNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXNUSD=X MXN/USD | 4.08% | 15.65% | -18.53% | 14.83% | 5.29% | -3.10% | -4.83% | 3.73% | 0.35% | 5.25% |
UNG United States Natural Gas Fund LP | -17.94% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 5.96% | -37.58% |
Correlation
The correlation between MXNUSD=X and UNG is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2007 | 0.07 |
The correlation between MXNUSD=X and UNG shifts across timeframes, from -0.11 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MXNUSD=X vs. UNG — Risk / Return Rank
MXNUSD=X
UNG
MXNUSD=X vs. UNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MXN/USD (MXNUSD=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.
| MXNUSD=X | UNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.96 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | -0.62 | +1.91 |
| Martin ratioReturn relative to average drawdown | 4.47 | -1.04 | +5.50 |
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Drawdowns
MXNUSD=X vs. UNG - Drawdown Comparison
The maximum MXNUSD=X drawdown since its inception was -61.16%, smaller than the maximum UNG drawdown of -99.88%. Use the drawdown chart below to compare losses from any high point for MXNUSD=X and UNG.
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Drawdown Indicators
| MXNUSD=X | UNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.16% | -99.88% | +38.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.52% | -42.01% | +36.49% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -69.26% | +47.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -92.75% | +71.05% |
Max Drawdown (10Y)Largest decline over 10 years | -31.20% | -93.77% | +62.57% |
Current DrawdownCurrent decline from peak | -43.01% | -99.88% | +56.87% |
Average DrawdownAverage peak-to-trough decline | -37.20% | -90.02% | +52.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 25.13% | -23.39% |
Volatility
MXNUSD=X vs. UNG - Volatility Comparison
The current volatility for MXN/USD (MXNUSD=X) is 1.54%, while United States Natural Gas Fund LP (UNG) has a volatility of 10.03%. This indicates that MXNUSD=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.
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Volatility by Period
| MXNUSD=X | UNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 10.03% | -8.49% |
Volatility (6M)Calculated over the trailing 6-month period | 5.84% | 42.08% | -36.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.60% | 59.01% | -51.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.34% | 64.14% | -53.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.17% | 54.70% | -42.53% |
Frequently Asked Questions
MXNUSD=X and UNG have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (10.03%) compared to MXNUSD=X (1.54%). In terms of maximum drawdown, MXNUSD=X dropped -61.16% vs UNG's -99.88%.
MXNUSD=X currently has the higher Sharpe Ratio (0.94 vs -0.44), 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.
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