UNG vs. SOYB
UNG (United States Natural Gas Fund LP) and SOYB (Teucrium Soybean Fund) are both exchange-traded funds - UNG is a Oil & Gas fund tracking the Front Month Natural Gas, while SOYB is a Agricultural Commodities fund tracking the Teucrium Soybean Fund Benchmark. Both are passively managed. Over the past 10 years, UNG returned -21.26%/yr vs 1.11%/yr for SOYB. At a 0.08 correlation, their price movements are largely independent. UNG charges 1.28%/yr vs 1.88%/yr for SOYB.
Performance
UNG vs. SOYB - Performance Comparison
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Returns By Period
In the year-to-date period, UNG achieves a -7.26% return, which is significantly lower than SOYB's 10.38% return. Over the past 10 years, UNG has underperformed SOYB with an annualized return of -21.26%, while SOYB has yielded a comparatively higher 1.11% annualized return.
UNG
- 1D
- -2.57%
- 1M
- 7.57%
- YTD
- -7.26%
- 6M
- -24.55%
- 1Y
- -33.82%
- 3Y*
- -22.97%
- 5Y*
- -23.84%
- 10Y*
- -21.26%
SOYB
- 1D
- -0.21%
- 1M
- -3.48%
- YTD
- 10.38%
- 6M
- 5.51%
- 1Y
- 9.73%
- 3Y*
- -1.32%
- 5Y*
- -0.35%
- 10Y*
- 1.11%
UNG vs. SOYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNG United States Natural Gas Fund LP | -7.26% | -27.07% | -17.11% | -64.04% | 12.89% | 35.76% | -45.43% | -31.77% | 5.96% | -37.58% |
SOYB Teucrium Soybean Fund | 10.38% | 1.77% | -20.48% | -5.23% | 25.27% | 16.85% | 22.99% | -2.16% | -9.51% | -6.38% |
Correlation
The correlation between UNG and SOYB is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2011 | 0.08 |
The correlation between UNG and SOYB shifts across timeframes, from 0.08 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UNG vs. SOYB — Risk / Return Rank
UNG
SOYB
UNG vs. SOYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Natural Gas Fund LP (UNG) and Teucrium Soybean Fund (SOYB). 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 | SOYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.14 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.11 | -1.89 |
| Martin ratioReturn relative to average drawdown | -1.13 | 2.71 | -3.84 |
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 | SOYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 0.74 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.02 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.39 | 0.07 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.57 | -0.01 | -0.57 |
Drawdowns
UNG vs. SOYB - Drawdown Comparison
The maximum UNG drawdown since its inception was -99.88%, which is greater than SOYB's maximum drawdown of -53.76%. Use the drawdown chart below to compare losses from any high point for UNG and SOYB.
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Drawdown Indicators
| UNG | SOYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -53.76% | -46.12% |
Max Drawdown (1Y)Largest decline over 1 year | -43.86% | -8.78% | -35.08% |
Max Drawdown (3Y)Largest decline over 3 years | -68.16% | -31.01% | -37.15% |
Max Drawdown (5Y)Largest decline over 5 years | -92.49% | -31.01% | -61.48% |
Max Drawdown (10Y)Largest decline over 10 years | -93.55% | -38.28% | -55.27% |
Current DrawdownCurrent decline from peak | -99.86% | -17.67% | -82.19% |
Average DrawdownAverage peak-to-trough decline | -89.97% | -25.75% | -64.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.93% | 3.61% | +26.32% |
Volatility
UNG vs. SOYB - Volatility Comparison
United States Natural Gas Fund LP (UNG) has a higher volatility of 13.75% compared to Teucrium Soybean Fund (SOYB) at 4.33%. This indicates that UNG's price experiences larger fluctuations and is considered to be riskier than SOYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNG | SOYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.75% | 4.33% | +9.42% |
Volatility (6M)Calculated over the trailing 6-month period | 53.10% | 9.15% | +43.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.78% | 13.20% | +47.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.14% | 18.00% | +46.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.78% | 16.96% | +37.82% |
UNG vs. SOYB - Expense Ratio Comparison
UNG has a 1.28% expense ratio, which is lower than SOYB's 1.88% expense ratio.
Dividends
UNG vs. SOYB - Dividend Comparison
Neither UNG nor SOYB has paid dividends to shareholders.
Frequently Asked Questions
UNG and SOYB have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNG has higher volatility (13.75%) compared to SOYB (4.33%). In terms of maximum drawdown, UNG dropped -99.88% vs SOYB's -53.76%.
On 10-year performance, SOYB leads with 1.11% vs -21.26% for UNG. On fees, UNG is cheaper at 1.28% per year. On volatility, SOYB has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOYB has performed better with a 1.11% return vs -21.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UNG is cheaper with a 1.28% expense ratio, compared with 1.88% for SOYB.
UNG and SOYB have nearly identical dividend yields, around 0.00%.
UNG is categorized as Oil & Gas, while SOYB is Agricultural Commodities. UNG tracks Front Month Natural Gas, while SOYB tracks Teucrium Soybean Fund Benchmark. They also come from different issuers: Concierge Technologies and Teucrium. Their fees differ too: 1.28% for UNG and 1.88% for SOYB.
SOYB currently has the higher Sharpe Ratio (0.74 vs -0.56), 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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