UNG vs. AUDUSD=X
UNG (United States Natural Gas Fund LP) is Oil & Gas fund tracking the Front Month Natural Gas Futures, while AUDUSD=X (AUD/USD) is a currency. Over the past 10 years, UNG returned -22.45%/yr vs -0.63%/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 -16.07% return, which is significantly lower than AUDUSD=X's 4.93% return. Over the past 10 years, UNG has underperformed AUDUSD=X with an annualized return of -22.45%, while AUDUSD=X has yielded a comparatively higher -0.63% annualized return.
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%
AUDUSD=X
- 1D
- 0.12%
- 1M
- -0.12%
- 6M
- 4.29%
- YTD
- 4.93%
- 1Y
- 7.52%
- 3Y*
- 1.34%
- 5Y*
- -0.98%
- 10Y*
- -0.63%
- ALL TIME*
- -0.74%
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 | -16.07% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 5.96% | -37.58% |
AUDUSD=X AUD/USD | 4.93% | 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 -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
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 Aug 23, 2007 | 0.07 |
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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 | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.15 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 1.17 | -2.06 |
| Martin ratioReturn relative to average drawdown | -1.42 | 2.88 | -4.30 |
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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 | -39.94% | -5.12% | -34.82% |
Max Drawdown (3Y)Largest decline over 3 years | -68.16% | -13.83% | -54.33% |
Max Drawdown (5Y)Largest decline over 5 years | -92.49% | -21.39% | -71.10% |
Max Drawdown (10Y)Largest decline over 10 years | -93.55% | -29.18% | -64.37% |
Current DrawdownCurrent decline from peak | -99.87% | -36.44% | -63.43% |
Average DrawdownAverage peak-to-trough decline | -90.01% | -26.06% | -63.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.99% | 2.02% | +23.97% |
Volatility
UNG vs. AUDUSD=X - Volatility Comparison
United States Natural Gas Fund LP (UNG) has a higher volatility of 10.17% compared to AUD/USD (AUDUSD=X) at 1.44%. 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 | 10.17% | 1.44% | +8.73% |
Volatility (6M)Calculated over the trailing 6-month period | 47.34% | 6.03% | +41.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.71% | 7.45% | +52.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.17% | 10.03% | +54.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.76% | 9.57% | +45.19% |
Frequently Asked Questions
UNG and AUDUSD=X have a correlation of -0.02, 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 AUDUSD=X (1.44%). In terms of maximum drawdown, UNG dropped -99.88% vs AUDUSD=X's -47.87%.
AUDUSD=X currently has the higher Sharpe Ratio (0.81 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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