UNG vs. AUDUSD=X
UNG (United States Natural Gas Fund LP) is Oil & Gas fund tracking the Front Month Natural Gas, while AUDUSD=X (AUD/USD) is a currency. Over the past 10 years, UNG returned -21.38%/yr vs -0.44%/yr for AUDUSD=X. At a 0.07 correlation, their price movements are largely independent.
Performance
UNG vs. AUDUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, UNG achieves a -7.42% return, which is significantly lower than AUDUSD=X's 5.54% return. Over the past 10 years, UNG has underperformed AUDUSD=X with an annualized return of -21.38%, while AUDUSD=X has yielded a comparatively higher -0.44% annualized return.
UNG
- 1D
- 1.70%
- 1M
- 3.37%
- YTD
- -7.42%
- 6M
- -10.84%
- 1Y
- -29.37%
- 3Y*
- -23.83%
- 5Y*
- -24.47%
- 10Y*
- -21.38%
AUDUSD=X
- 1D
- -0.08%
- 1M
- -2.95%
- YTD
- 5.54%
- 6M
- 5.93%
- 1Y
- 7.81%
- 3Y*
- 1.34%
- 5Y*
- -1.78%
- 10Y*
- -0.44%
UNG vs. AUDUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNG United States Natural Gas Fund LP | -7.42% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 5.96% | -37.58% |
AUDUSD=X AUD/USD | 5.54% | 7.81% | -9.12% | -0.06% | -6.27% | -5.58% | 9.75% | -0.37% | -9.73% | 8.36% |
Correlation
The correlation between UNG and AUDUSD=X is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
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 Jul 10, 2007 | 0.07 |
The correlation between UNG and AUDUSD=X shifts across timeframes, from -0.06 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UNG vs. AUDUSD=X — Risk / Return Rank
UNG
AUDUSD=X
UNG vs. AUDUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Natural Gas Fund LP (UNG) and AUD/USD (AUDUSD=X). 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.
| UNG | AUDUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.14 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.49 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.97 | 3.83 | -4.81 |
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Drawdowns
UNG vs. AUDUSD=X - Drawdown Comparison
The maximum UNG drawdown since its inception was -99.88%, which is greater than AUDUSD=X's maximum drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for UNG and AUDUSD=X.
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Drawdown Indicators
| UNG | AUDUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -47.87% | -52.01% |
Max Drawdown (1Y)Largest decline over 1 year | -43.86% | -4.20% | -39.66% |
Max Drawdown (3Y)Largest decline over 3 years | -68.16% | -13.83% | -54.33% |
Max Drawdown (5Y)Largest decline over 5 years | -92.49% | -22.74% | -69.75% |
Max Drawdown (10Y)Largest decline over 10 years | -93.55% | -29.18% | -64.37% |
Current DrawdownCurrent decline from peak | -99.86% | -36.06% | -63.80% |
Average DrawdownAverage peak-to-trough decline | -89.96% | -25.87% | -64.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.28% | 1.69% | +28.59% |
Volatility
UNG vs. AUDUSD=X - Volatility Comparison
United States Natural Gas Fund LP (UNG) has a higher volatility of 12.64% compared to AUD/USD (AUDUSD=X) at 2.13%. This indicates that UNG's price experiences larger fluctuations and is considered to be riskier than AUDUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNG | AUDUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.64% | 2.13% | +10.51% |
Volatility (6M)Calculated over the trailing 6-month period | 52.01% | 6.65% | +45.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.61% | 7.64% | +52.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.11% | 10.08% | +54.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.77% | 9.66% | +45.11% |
Frequently Asked Questions
UNG and AUDUSD=X have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (12.64%) compared to AUDUSD=X (2.13%). In terms of maximum drawdown, UNG dropped -99.88% vs AUDUSD=X's -47.87%.
AUDUSD=X currently has the higher Sharpe Ratio (0.82 vs -0.49), 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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