NGAS.L vs. AESI

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Natural Gas ETF (NGAS.L) and Atlas Energy Solutions Inc (AESI).

NGAS.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Natural Gas Sub Total Return Index. It was launched on Sep 22, 2006.

Performance

NGAS.L vs. AESI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Natural Gas ETF (NGAS.L) and Atlas Energy Solutions Inc (AESI). The values are adjusted to include any dividend payments, if applicable.

NGAS.L vs. AESI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NGAS.L WisdomTree Natural Gas ETF	-6.70%	-24.72%	-26.18%	-41.69%
AESI Atlas Energy Solutions Inc	39.28%	-55.28%	34.96%	5.56%

Returns By Period

In the year-to-date period, NGAS.L achieves a -6.70% return, which is significantly lower than AESI's 39.28% return.

NGAS.L

• 1D: 1.33%
• 1M: 0.42%
• YTD: -6.70%
• 6M: -12.37%
• 1Y: -44.66%
• 3Y*: -28.59%
• 5Y*: -23.71%
• 10Y*: -21.93%

AESI

• 1D: -0.23%
• 1M: 36.24%
• YTD: 39.28%
• 6M: 15.39%
• 1Y: -23.46%
• 3Y*: -4.06%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NGAS.L vs. AESI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NGAS.L

NGAS.L Risk / Return Rank: 2
NGAS.L Sharpe Ratio Rank: 2
NGAS.L Sortino Ratio Rank: 2
NGAS.L Omega Ratio Rank: 2
NGAS.L Calmar Ratio Rank: 1
NGAS.L Martin Ratio Rank: 2

AESI

AESI Risk / Return Rank: 27
AESI Sharpe Ratio Rank: 24
AESI Sortino Ratio Rank: 27
AESI Omega Ratio Rank: 27
AESI Calmar Ratio Rank: 28
AESI Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NGAS.L vs. AESI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Natural Gas ETF (NGAS.L) and Atlas Energy Solutions Inc (AESI). 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.

	NGAS.L	AESI	Difference
Sharpe ratio Return per unit of total volatility	-0.77	-0.38	-0.39
Sortino ratio Return per unit of downside risk	-0.99	-0.16	-0.83
Omega ratio Gain probability vs. loss probability	0.88	0.98	-0.10
Calmar ratio Return relative to maximum drawdown	-0.83	-0.43	-0.40
Martin ratio Return relative to average drawdown	-1.28	-0.67	-0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NGAS.L vs. AESI - Sharpe Ratio Comparison

The current NGAS.L Sharpe Ratio is -0.77, which is lower than the AESI Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of NGAS.L and AESI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NGAS.L	AESI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.77	-0.38	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	-0.08	-0.51

Correlation

The correlation between NGAS.L and AESI is 0.02, 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.

Dividends

NGAS.L vs. AESI - Dividend Comparison

NGAS.L has not paid dividends to shareholders, while AESI's dividend yield for the trailing twelve months is around 3.81%.

	TTM	2025	2024	2023
NGAS.L WisdomTree Natural Gas ETF	0.00%	0.00%	0.00%	0.00%
AESI Atlas Energy Solutions Inc	3.81%	7.96%	4.33%	4.07%

Drawdowns

NGAS.L vs. AESI - Drawdown Comparison

The maximum NGAS.L drawdown since its inception was -99.91%, which is greater than AESI's maximum drawdown of -65.91%. Use the drawdown chart below to compare losses from any high point for NGAS.L and AESI.

Drawdown Indicators

	NGAS.L	AESI	Difference
Max Drawdown Largest peak-to-trough decline	-99.91%	-65.91%	-34.00%
Max Drawdown (1Y) Largest decline over 1 year	-52.24%	-54.18%	+1.94%
Max Drawdown (5Y) Largest decline over 5 years	-93.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-94.90%	—	—
Current Drawdown Current decline from peak	-99.90%	-44.79%	-55.11%
Average Drawdown Average peak-to-trough decline	-88.99%	-24.91%	-64.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.88%	34.50%	-0.62%

Volatility

NGAS.L vs. AESI - Volatility Comparison

The current volatility for WisdomTree Natural Gas ETF (NGAS.L) is 15.95%, while Atlas Energy Solutions Inc (AESI) has a volatility of 19.60%. This indicates that NGAS.L experiences smaller price fluctuations and is considered to be less risky than AESI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NGAS.L	AESI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.95%	19.60%	-3.65%
Volatility (6M) Calculated over the trailing 6-month period	48.53%	47.96%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	57.96%	62.27%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.82%	47.61%	+11.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.64%	47.61%	+3.03%