UNL vs. RDVI
UNL (United States 12 Month Natural Gas Fund LP) and RDVI (FT 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 -18.35%/yr vs 19.02%/yr for RDVI. Their 0.02 correlation means their historical movements had little consistent relationship. 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 -18.43% return, which is significantly lower than RDVI's 17.72% return.
UNL
- 1D
- 0.11%
- 1M
- -5.05%
- 6M
- -17.42%
- YTD
- -18.43%
- 1Y
- -25.86%
- 3Y*
- -18.35%
- 5Y*
- -11.98%
- 10Y*
- -5.25%
- ALL TIME*
- -12.55%
RDVI
- 1D
- 0.68%
- 1M
- 1.85%
- 6M
- 11.76%
- YTD
- 17.72%
- 1Y
- 30.91%
- 3Y*
- 19.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.87M | $24.31M | $18.93M | |
| $201.90K | $282.26K | $431.49K |
UNL vs. RDVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UNL United States 12 Month Natural Gas Fund LP | -18.43% | -9.67% | -4.78% | -50.20% | -14.75% |
RDVI FT Vest Rising Dividend Achievers Target Income ETF | 17.72% | 17.93% | 14.56% | 18.63% | 8.29% |
Correlation
The correlation between UNL and RDVI is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.31 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | 0.02 |
The correlation between UNL and RDVI shifts across timeframes, from -0.31 (1 year) to 0.02 (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 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.
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.
| UNL | RDVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.39 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.66 | -4.44 |
| Martin ratioReturn relative to average drawdown | -1.32 | 15.35 | -16.67 |
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Drawdowns
UNL vs. RDVI - Drawdown Comparison
The maximum UNL drawdown since its inception was -89.48%, 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 | -89.48% | -18.35% | -71.13% |
Max Drawdown (1Y)Largest decline over 1 year | -33.33% | -8.48% | -24.85% |
Max Drawdown (3Y)Largest decline over 3 years | -50.42% | -18.35% | -32.07% |
Max Drawdown (5Y)Largest decline over 5 years | -79.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -79.07% | — | — |
Current DrawdownCurrent decline from peak | -89.34% | 0.00% | -89.34% |
Average DrawdownAverage peak-to-trough decline | -73.49% | -3.07% | -70.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 2.02% | +17.62% |
Volatility
UNL vs. RDVI - Volatility Comparison
United States 12 Month Natural Gas Fund LP (UNL) has a higher volatility of 5.26% compared to FT Vest Rising Dividend Achievers Target Income ETF (RDVI) at 3.43%. 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 | 5.26% | 3.43% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 24.99% | 10.90% | +14.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.80% | 13.97% | +20.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.71% | 16.82% | +24.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.81% | 16.82% | +16.99% |
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 7.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
RDVI FT Vest Rising Dividend Achievers Target Income ETF | 7.68% | 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 (5.26%) compared to RDVI (3.43%). In terms of maximum drawdown, UNL dropped -89.48% vs RDVI's -18.35%.
On 3-year performance, RDVI leads with 19.02% vs -18.35% for UNL. On fees, RDVI is cheaper at 0.75% per year. On volatility, RDVI has been the lower-risk option at 3.43%. 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 19.02% return vs -18.35%. 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 7.68%, 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 (2.23 vs -0.75), 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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