UNG vs. BKV
UNG (United States Natural Gas Fund LP) is Oil & Gas fund tracking the Front Month Natural Gas, while BKV (BKV Corp) is a stock. Over the past year, UNG returned -28.33% vs 22.86% for BKV. At a 0.25 correlation, their price movements are largely independent.
Performance
UNG vs. BKV - Performance Comparison
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Returns By Period
In the year-to-date period, UNG achieves a -1.14% return, which is significantly lower than BKV's -0.44% return.
UNG
- 1D
- 3.50%
- 1M
- 13.91%
- YTD
- -1.14%
- 6M
- -22.61%
- 1Y
- -28.33%
- 3Y*
- -21.15%
- 5Y*
- -22.57%
- 10Y*
- -20.42%
BKV
- 1D
- 0.41%
- 1M
- -15.95%
- YTD
- -0.44%
- 6M
- -5.75%
- 1Y
- 22.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UNG vs. BKV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UNG United States Natural Gas Fund LP | -1.14% | -27.07% | 8.66% |
BKV BKV Corp | -0.44% | 14.17% | 32.11% |
Correlation
The correlation between UNG and BKV is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.25 |
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Return for Risk
UNG vs. BKV — Risk / Return Rank
UNG
BKV
UNG vs. BKV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Natural Gas Fund LP (UNG) and BKV Corp (BKV). 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.
| UNG | BKV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.13 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.17 | -1.81 |
| Martin ratioReturn relative to average drawdown | -0.95 | 2.41 | -3.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UNG | BKV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | 0.53 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.57 | 0.64 | -1.20 |
Drawdowns
UNG vs. BKV - Drawdown Comparison
The maximum UNG drawdown since its inception was -99.88%, which is greater than BKV's maximum drawdown of -39.98%. Use the drawdown chart below to compare losses from any high point for UNG and BKV.
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Drawdown Indicators
| UNG | BKV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -39.98% | -59.90% |
Max Drawdown (1Y)Largest decline over 1 year | -43.86% | -19.71% | -24.15% |
Max Drawdown (3Y)Largest decline over 3 years | -68.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -92.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.55% | — | — |
Current DrawdownCurrent decline from peak | -99.85% | -15.95% | -83.90% |
Average DrawdownAverage peak-to-trough decline | -89.96% | -11.34% | -78.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.75% | 9.50% | +20.25% |
Volatility
UNG vs. BKV - Volatility Comparison
United States Natural Gas Fund LP (UNG) has a higher volatility of 12.99% compared to BKV Corp (BKV) at 11.33%. This indicates that UNG's price experiences larger fluctuations and is considered to be riskier than BKV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNG | BKV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.99% | 11.33% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 53.06% | 27.00% | +26.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.59% | 43.02% | +17.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.11% | 43.32% | +20.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.78% | 43.32% | +11.46% |
Dividends
UNG vs. BKV - Dividend Comparison
Neither UNG nor BKV has paid dividends to shareholders.
Frequently Asked Questions
UNG and BKV have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (12.99%) compared to BKV (11.33%). In terms of maximum drawdown, UNG dropped -99.88% vs BKV's -39.98%.
BKV currently has the higher Sharpe Ratio (0.53 vs -0.47), 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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