UNG vs. SIVR
UNG (United States Natural Gas Fund LP) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - UNG is a Oil & Gas fund tracking the Front Month Natural Gas, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, UNG returned -21.38%/yr vs 14.22%/yr for SIVR. At a 0.02 correlation, their price movements are largely independent. UNG charges 1.28%/yr vs 0.30%/yr for SIVR.
Performance
UNG vs. SIVR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UNG achieves a -7.42% return, which is significantly lower than SIVR's -4.75% return. Over the past 10 years, UNG has underperformed SIVR with an annualized return of -21.38%, while SIVR has yielded a comparatively higher 14.22% annualized return.
UNG
- 1D
- 1.70%
- 1M
- 1.70%
- YTD
- -7.42%
- 6M
- -10.84%
- 1Y
- -30.62%
- 3Y*
- -23.83%
- 5Y*
- -24.47%
- 10Y*
- -21.38%
SIVR
- 1D
- 0.78%
- 1M
- -18.81%
- YTD
- -4.75%
- 6M
- 9.46%
- 1Y
- 86.32%
- 3Y*
- 41.59%
- 5Y*
- 19.07%
- 10Y*
- 14.22%
UNG vs. SIVR - 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% |
SIVR abrdn Physical Silver Shares ETF | -4.75% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between UNG and SIVR is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UNG vs. SIVR — Risk / Return Rank
UNG
SIVR
UNG vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Natural Gas Fund LP (UNG) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.29 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.90 | -2.57 |
| Martin ratioReturn relative to average drawdown | -0.97 | 4.12 | -5.09 |
Loading charts...
Drawdowns
UNG vs. SIVR - Drawdown Comparison
The maximum UNG drawdown since its inception was -99.88%, which is greater than SIVR's maximum drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for UNG and SIVR.
Loading charts...
Drawdown Indicators
| UNG | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -75.85% | -24.03% |
Max Drawdown (1Y)Largest decline over 1 year | -43.86% | -45.33% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -68.16% | -45.33% | -22.83% |
Max Drawdown (5Y)Largest decline over 5 years | -92.49% | -45.33% | -47.16% |
Max Drawdown (10Y)Largest decline over 10 years | -93.55% | -45.33% | -48.22% |
Current DrawdownCurrent decline from peak | -99.86% | -41.89% | -57.97% |
Average DrawdownAverage peak-to-trough decline | -89.96% | -47.83% | -42.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.28% | 20.85% | +9.43% |
Volatility
UNG vs. SIVR - Volatility Comparison
The current volatility for United States Natural Gas Fund LP (UNG) is 12.64%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 16.37%. This indicates that UNG experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UNG | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.64% | 16.37% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 52.01% | 59.11% | -7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.61% | 59.76% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.11% | 36.48% | +27.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.77% | 32.03% | +22.74% |
UNG vs. SIVR - Expense Ratio Comparison
UNG has a 1.28% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Dividends
UNG vs. SIVR - Dividend Comparison
Neither UNG nor SIVR has paid dividends to shareholders.
Frequently Asked Questions
UNG and SIVR have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (16.37%) compared to UNG (12.64%). In terms of maximum drawdown, UNG dropped -99.88% vs SIVR's -75.85%.
On 10-year performance, SIVR leads with 14.22% vs -21.38% for UNG. On fees, SIVR is cheaper at 0.30% per year. On volatility, UNG has been the lower-risk option at 12.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIVR has performed better with a 14.22% return vs -21.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 1.28% for UNG.
UNG and SIVR have nearly identical dividend yields, around 0.00%.
UNG is categorized as Oil & Gas, while SIVR is Silver. UNG tracks Front Month Natural Gas, while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: Concierge Technologies and abrdn. Their fees differ too: 1.28% for UNG and 0.30% for SIVR.
SIVR currently has the higher Sharpe Ratio (1.44 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.
Find the right allocation for UNG and SIVR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer