UNG vs. JPYUSD=X
UNG (United States Natural Gas Fund LP) is Oil & Gas fund tracking the Front Month Natural Gas, while JPYUSD=X (JPY/USD) is a currency. Over the past 10 years, UNG returned -21.38%/yr vs -4.05%/yr for JPYUSD=X. At a correlation of -0.04, they often move in opposite directions.
Performance
UNG vs. JPYUSD=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 JPYUSD=X's -2.23% return. Over the past 10 years, UNG has underperformed JPYUSD=X with an annualized return of -21.38%, while JPYUSD=X has yielded a comparatively higher -4.05% 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%
JPYUSD=X
- 1D
- -0.18%
- 1M
- -1.52%
- YTD
- -2.23%
- 6M
- -2.74%
- 1Y
- -10.40%
- 3Y*
- -4.35%
- 5Y*
- -7.30%
- 10Y*
- -4.05%
UNG vs. JPYUSD=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% |
JPYUSD=X JPY/USD | -2.23% | 0.33% | -10.26% | -7.04% | -12.23% | -10.24% | 5.18% | 0.86% | 2.82% | 3.91% |
Correlation
The correlation between UNG and JPYUSD=X is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | -0.04 |
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Return for Risk
UNG vs. JPYUSD=X — Risk / Return Rank
UNG
JPYUSD=X
UNG vs. JPYUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Natural Gas Fund LP (UNG) and JPY/USD (JPYUSD=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 | JPYUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.82 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.79 | +0.12 |
| Martin ratioReturn relative to average drawdown | -0.97 | -1.16 | +0.19 |
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Drawdowns
UNG vs. JPYUSD=X - Drawdown Comparison
The maximum UNG drawdown since its inception was -99.88%, which is greater than JPYUSD=X's maximum drawdown of -52.96%. Use the drawdown chart below to compare losses from any high point for UNG and JPYUSD=X.
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Drawdown Indicators
| UNG | JPYUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -52.96% | -46.92% |
Max Drawdown (1Y)Largest decline over 1 year | -43.86% | -10.68% | -33.18% |
Max Drawdown (3Y)Largest decline over 3 years | -68.16% | -14.63% | -53.53% |
Max Drawdown (5Y)Largest decline over 5 years | -92.49% | -32.59% | -59.90% |
Max Drawdown (10Y)Largest decline over 10 years | -93.55% | -38.21% | -55.34% |
Current DrawdownCurrent decline from peak | -99.86% | -52.52% | -47.34% |
Average DrawdownAverage peak-to-trough decline | -89.96% | -26.91% | -63.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.28% | 6.15% | +24.13% |
Volatility
UNG vs. JPYUSD=X - Volatility Comparison
United States Natural Gas Fund LP (UNG) has a higher volatility of 12.64% compared to JPY/USD (JPYUSD=X) at 0.69%. This indicates that UNG's price experiences larger fluctuations and is considered to be riskier than JPYUSD=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 | JPYUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.64% | 0.69% | +11.95% |
Volatility (6M)Calculated over the trailing 6-month period | 52.01% | 5.49% | +46.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.61% | 7.51% | +53.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.11% | 9.56% | +54.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.77% | 8.89% | +45.88% |
Frequently Asked Questions
UNG and JPYUSD=X have a correlation of -0.11, 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 JPYUSD=X (0.69%). In terms of maximum drawdown, UNG dropped -99.88% vs JPYUSD=X's -52.96%.
UNG currently has the higher Sharpe Ratio (-0.49 vs -1.13), 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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