UNL vs. DIG
Compare and contrast key facts about United States 12 Month Natural Gas Fund LP (UNL) and ProShares Ultra Oil & Gas (DIG).
UNL and DIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UNL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Natural Gas. It was launched on Nov 18, 2009. DIG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index (200%). It was launched on Jan 30, 2007. Both UNL and DIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UNL or DIG.
Key characteristics
| UNL | DIG | |
|---|---|---|
| YTD Return | -17.37% | 23.10% |
| 1Y Return | -34.35% | 21.67% |
| 3Y Return (Ann) | -19.62% | 30.43% |
| 5Y Return (Ann) | -5.06% | 10.70% |
| 10Y Return (Ann) | -8.92% | -3.88% |
| Sharpe Ratio | -1.08 | 0.60 |
| Sortino Ratio | -1.60 | 1.02 |
| Omega Ratio | 0.83 | 1.13 |
| Calmar Ratio | -0.39 | 0.28 |
| Martin Ratio | -1.29 | 1.64 |
| Ulcer Index | 26.34% | 12.93% |
| Daily Std Dev | 31.43% | 35.41% |
| Max Drawdown | -88.01% | -97.04% |
| Current Drawdown | -87.57% | -65.22% |
Correlation
The correlation between UNL and DIG is 0.15, 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.
Performance
UNL vs. DIG - Performance Comparison
In the year-to-date period, UNL achieves a -17.37% return, which is significantly lower than DIG's 23.10% return. Over the past 10 years, UNL has underperformed DIG with an annualized return of -8.92%, while DIG has yielded a comparatively higher -3.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UNL vs. DIG - Expense Ratio Comparison
UNL has a 0.90% expense ratio, which is lower than DIG's 0.95% expense ratio.
Risk-Adjusted Performance
UNL vs. DIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Natural Gas Fund LP (UNL) and ProShares Ultra Oil & Gas (DIG). 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.
Dividends
UNL vs. DIG - Dividend Comparison
UNL has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 2.40%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UNL United States 12 Month Natural Gas Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIG ProShares Ultra Oil & Gas | 2.40% | 0.61% | 1.33% | 2.24% | 3.19% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% | 0.87% | 0.43% |
Drawdowns
UNL vs. DIG - Drawdown Comparison
The maximum UNL drawdown since its inception was -88.01%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for UNL and DIG. For additional features, visit the drawdowns tool.
Volatility
UNL vs. DIG - Volatility Comparison
United States 12 Month Natural Gas Fund LP (UNL) has a higher volatility of 10.76% compared to ProShares Ultra Oil & Gas (DIG) at 9.67%. This indicates that UNL's price experiences larger fluctuations and is considered to be riskier than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.