UNG vs. SWN

Last updated Apr 1, 2026

Compare and contrast key facts about United States Natural Gas Fund LP (UNG) and Southwestern Energy Company (SWN).

UNG is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Natural Gas. It was launched on Apr 18, 2007.

Performance

UNG vs. SWN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Natural Gas Fund LP (UNG) and Southwestern Energy Company (SWN). The values are adjusted to include any dividend payments, if applicable.

UNG vs. SWN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UNG United States Natural Gas Fund LP	-4.32%	-27.07%	-17.11%	-64.04%	12.89%	35.76%	-45.43%	-31.77%	5.96%	-37.58%
SWN Southwestern Energy Company	0.00%	0.00%	8.55%	11.97%	25.54%	56.38%	23.14%	-29.03%	-38.89%	-48.43%

Returns By Period

UNG

• 1D: 0.43%
• 1M: 1.82%
• YTD: -4.32%
• 6M: -10.25%
• 1Y: -45.72%
• 3Y*: -24.96%
• 5Y*: -21.28%
• 10Y*: -19.74%

SWN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

UNG vs. SWN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UNG

UNG Risk / Return Rank: 2
UNG Sharpe Ratio Rank: 2
UNG Sortino Ratio Rank: 2
UNG Omega Ratio Rank: 2
UNG Calmar Ratio Rank: 1
UNG Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UNG vs. SWN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Natural Gas Fund LP (UNG) and Southwestern Energy Company (SWN). 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	SWN	Difference
Sharpe ratio Return per unit of total volatility	-0.72	—	—
Sortino ratio Return per unit of downside risk	-0.86	—	—
Omega ratio Gain probability vs. loss probability	0.89	—	—
Calmar ratio Return relative to maximum drawdown	-0.86	—	—
Martin ratio Return relative to average drawdown	-1.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UNG	SWN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.72	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.57	—	—

Correlation

The correlation between UNG and SWN is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UNG vs. SWN - Dividend Comparison

Neither UNG nor SWN has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

Drawdown Indicators

	UNG	SWN	Difference
Max Drawdown Largest peak-to-trough decline	-99.87%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-52.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-93.49%	—	—
Current Drawdown Current decline from peak	-99.86%	—	—
Average Drawdown Average peak-to-trough decline	-89.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	36.10%	—	—

Volatility

Volatility by Period

	UNG	SWN	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	63.87%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.90%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.87%	—	—