SOYB vs. UNG
SOYB (Teucrium Soybean Fund) and UNG (United States Natural Gas Fund LP) are both exchange-traded funds - SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark, while UNG is a Oil & Gas fund tracking the Front Month Natural Gas Futures. Both are passively managed. Over the past 10 years, SOYB returned 3.18%/yr vs -22.45%/yr for UNG. At a 0.08 correlation, their price movements are largely independent. SOYB charges 1.88%/yr vs 1.17%/yr for UNG.
Performance
SOYB vs. UNG - Performance Comparison
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Returns By Period
In the year-to-date period, SOYB achieves a 18.39% return, which is significantly higher than UNG's -16.07% return. Over the past 10 years, SOYB has outperformed UNG with an annualized return of 3.18%, while UNG has yielded a comparatively lower -22.45% annualized return.
SOYB
- 1D
- 1.53%
- 1M
- 6.63%
- 6M
- 17.74%
- YTD
- 18.39%
- 1Y
- 17.72%
- 3Y*
- -3.49%
- 5Y*
- 1.78%
- 10Y*
- 3.18%
- ALL TIME*
- 0.36%
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%
SOYB vs. UNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOYB Teucrium Soybean Fund | 18.39% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
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 SOYB and UNG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2011 | 0.08 |
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Return for Risk
SOYB vs. UNG — Risk / Return Rank
SOYB
UNG
SOYB vs. UNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teucrium Soybean Fund (SOYB) 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.
| SOYB | UNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.93 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.88 | +2.91 |
| Martin ratioReturn relative to average drawdown | 5.32 | -1.42 | +6.74 |
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Drawdowns
SOYB vs. UNG - Drawdown Comparison
The maximum SOYB drawdown since its inception was -53.76%, smaller than the maximum UNG drawdown of -99.88%. Use the drawdown chart below to compare losses from any high point for SOYB and UNG.
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Drawdown Indicators
| SOYB | UNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.76% | -99.88% | +46.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -39.94% | +31.16% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -68.16% | +37.15% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -92.49% | +61.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.93% | -93.55% | +59.62% |
Current DrawdownCurrent decline from peak | -11.70% | -99.87% | +88.17% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -90.01% | +64.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 25.99% | -22.63% |
Volatility
SOYB vs. UNG - Volatility Comparison
The current volatility for Teucrium Soybean Fund (SOYB) is 4.78%, while United States Natural Gas Fund LP (UNG) has a volatility of 10.17%. This indicates that SOYB 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
| SOYB | UNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 10.17% | -5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 47.34% | -37.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 59.71% | -46.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 64.17% | -47.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 54.76% | -38.02% |
SOYB vs. UNG - Expense Ratio Comparison
SOYB has a 1.88% expense ratio, which is higher than UNG's 1.17% expense ratio.
Dividends
SOYB vs. UNG - Dividend Comparison
Neither SOYB nor UNG has paid dividends to shareholders.
Frequently Asked Questions
SOYB and UNG have a correlation of 0.14, 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 SOYB (4.78%). In terms of maximum drawdown, SOYB dropped -53.76% vs UNG's -99.88%.
On 10-year performance, SOYB leads with 3.18% vs -22.45% for UNG. On fees, UNG is cheaper at 1.17% per year. On volatility, SOYB has been the lower-risk option at 4.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOYB has performed better with a 3.18% return vs -22.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UNG is cheaper with a 1.17% expense ratio, compared with 1.88% for SOYB.
SOYB and UNG have nearly identical dividend yields, around 0.00%.
SOYB is categorized as Agricultural Commodities, while UNG is Oil & Gas. SOYB tracks Teucrium Soybean Fund Benchmark, while UNG tracks Front Month Natural Gas Futures. They also come from different issuers: Teucrium and USCF Investments. Their fees differ too: 1.88% for SOYB and 1.17% for UNG.
SOYB currently has the higher Sharpe Ratio (1.37 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.
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