UNL vs. RDVI
UNL (United States 12 Month Natural Gas Fund LP) and RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) are both exchange-traded funds - UNL is a Oil & Gas fund tracking the 12 Month Natural Gas, while RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers. Both are passively managed. Over the past 3 years, UNL returned -14.70%/yr vs 18.62%/yr for RDVI. At a 0.03 correlation, their price movements are largely independent. UNL charges 0.90%/yr vs 0.75%/yr for RDVI.
Performance
UNL vs. RDVI - Performance Comparison
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Returns By Period
In the year-to-date period, UNL achieves a -11.00% return, which is significantly lower than RDVI's 9.43% return.
UNL
- 1D
- 1.21%
- 1M
- -1.96%
- YTD
- -11.00%
- 6M
- -23.47%
- 1Y
- -28.37%
- 3Y*
- -14.70%
- 5Y*
- -5.77%
- 10Y*
- -3.81%
RDVI
- 1D
- 0.07%
- 1M
- 2.77%
- YTD
- 9.43%
- 6M
- 10.61%
- 1Y
- 24.98%
- 3Y*
- 18.62%
- 5Y*
- —
- 10Y*
- —
UNL vs. RDVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UNL United States 12 Month Natural Gas Fund LP | -11.00% | -9.67% | -4.78% | -50.20% | -13.89% |
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF | 9.43% | 17.93% | 14.56% | 18.63% | 9.91% |
Correlation
The correlation between UNL and RDVI is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2022 | 0.03 |
The correlation between UNL and RDVI shifts across timeframes, from -0.31 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UNL vs. RDVI — Risk / Return Rank
UNL
RDVI
UNL vs. RDVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Natural Gas Fund LP (UNL) and FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI). 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.
| UNL | RDVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.34 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 2.96 | -3.77 |
| Martin ratioReturn relative to average drawdown | -1.30 | 12.48 | -13.78 |
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
| UNL | RDVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | 1.89 | -2.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | 1.19 | -1.58 |
Drawdowns
UNL vs. RDVI - Drawdown Comparison
The maximum UNL drawdown since its inception was -89.00%, which is greater than RDVI's maximum drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for UNL and RDVI.
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Drawdown Indicators
| UNL | RDVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.00% | -18.35% | -70.65% |
Max Drawdown (1Y)Largest decline over 1 year | -35.11% | -8.48% | -26.63% |
Max Drawdown (3Y)Largest decline over 3 years | -48.16% | -18.35% | -29.81% |
Max Drawdown (5Y)Largest decline over 5 years | -78.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.12% | — | — |
Current DrawdownCurrent decline from peak | -88.37% | -0.43% | -87.94% |
Average DrawdownAverage peak-to-trough decline | -73.36% | -3.17% | -70.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.92% | 2.01% | +19.91% |
Volatility
UNL vs. RDVI - Volatility Comparison
United States 12 Month Natural Gas Fund LP (UNL) has a higher volatility of 8.36% compared to FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) at 3.66%. This indicates that UNL's price experiences larger fluctuations and is considered to be riskier than RDVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNL | RDVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 3.66% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 32.00% | 10.50% | +21.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.82% | 13.27% | +22.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.76% | 16.91% | +24.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.84% | 16.91% | +16.93% |
UNL vs. RDVI - Expense Ratio Comparison
UNL has a 0.90% expense ratio, which is higher than RDVI's 0.75% expense ratio.
Dividends
UNL vs. RDVI - Dividend Comparison
UNL has not paid dividends to shareholders, while RDVI's dividend yield for the trailing twelve months is around 7.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF | 7.94% | 8.10% | 8.62% | 8.45% | 1.53% |
UNL United States 12 Month Natural Gas Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UNL and RDVI have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNL has higher volatility (8.36%) compared to RDVI (3.66%). In terms of maximum drawdown, UNL dropped -89.00% vs RDVI's -18.35%.
On 3-year performance, RDVI leads with 18.62% vs -14.70% for UNL. On fees, RDVI is cheaper at 0.75% per year. On volatility, RDVI has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RDVI has performed better with a 18.62% return vs -14.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDVI is cheaper with a 0.75% expense ratio, compared with 0.90% for UNL.
RDVI has the higher dividend yield at 7.94%, compared with 0.00% for UNL.
UNL is categorized as Oil & Gas, while RDVI is Derivative Income. UNL tracks 12 Month Natural Gas, while RDVI tracks NASDAQ US Rising Dividend Achievers. They also come from different issuers: Concierge Technologies and FT Vest. Their fees differ too: 0.90% for UNL and 0.75% for RDVI.
RDVI currently has the higher Sharpe Ratio (1.89 vs -0.79), 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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