UNG vs. JPYUSD=X
UNG (United States Natural Gas Fund LP) is Oil & Gas fund tracking the Front Month Natural Gas Futures, while JPYUSD=X (JPY/USD) is a currency. Over the past 10 years, UNG returned -22.45%/yr vs -4.16%/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 -16.07% return, which is significantly lower than JPYUSD=X's -3.56% return. Over the past 10 years, UNG has underperformed JPYUSD=X with an annualized return of -22.45%, while JPYUSD=X has yielded a comparatively higher -4.16% 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%
JPYUSD=X
- 1D
- -0.08%
- 1M
- -0.70%
- 6M
- -2.66%
- YTD
- -3.56%
- 1Y
- -8.63%
- 3Y*
- -4.43%
- 5Y*
- -7.45%
- 10Y*
- -4.16%
- ALL TIME*
- -1.72%
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 | -16.07% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 5.96% | -37.58% |
JPYUSD=X JPY/USD | -3.56% | 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 -0.09, 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 | -0.09 |
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 Aug 24, 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 | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.84 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.71 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.11 | -0.31 |
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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 -53.20%. 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% | -53.20% | -46.68% |
Max Drawdown (1Y)Largest decline over 1 year | -39.94% | -9.90% | -30.04% |
Max Drawdown (3Y)Largest decline over 3 years | -68.16% | -14.17% | -53.99% |
Max Drawdown (5Y)Largest decline over 5 years | -92.49% | -32.94% | -59.55% |
Max Drawdown (10Y)Largest decline over 10 years | -93.55% | -38.53% | -55.02% |
Current DrawdownCurrent decline from peak | -99.87% | -53.17% | -46.70% |
Average DrawdownAverage peak-to-trough decline | -90.01% | -27.24% | -62.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.99% | 6.64% | +19.35% |
Volatility
UNG vs. JPYUSD=X - Volatility Comparison
United States Natural Gas Fund LP (UNG) has a higher volatility of 10.17% compared to JPY/USD (JPYUSD=X) at 1.24%. 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 | 10.17% | 1.24% | +8.93% |
Volatility (6M)Calculated over the trailing 6-month period | 47.34% | 4.40% | +42.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.71% | 7.27% | +52.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.17% | 9.53% | +54.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.76% | 8.68% | +46.08% |
Frequently Asked Questions
UNG and JPYUSD=X have a correlation of -0.09, 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 JPYUSD=X (1.24%). In terms of maximum drawdown, UNG dropped -99.88% vs JPYUSD=X's -53.20%.
UNG currently has the higher Sharpe Ratio (-0.59 vs -0.96), 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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