UNL vs. RDVY
UNL (United States 12 Month Natural Gas Fund LP) and RDVY (First Trust Rising Dividend Achievers ETF) are both exchange-traded funds - UNL is a Oil & Gas fund tracking the 12 Month Natural Gas, while RDVY is a Dividend fund tracking the Nasdaq US Rising Dividend Achievers Index. Both are passively managed. Over the past 10 years, UNL returned -5.25%/yr vs 16.08%/yr for RDVY. Their 0.04 correlation means their historical movements had little consistent relationship. UNL charges 0.90%/yr vs 0.47%/yr for RDVY.
Performance
UNL vs. RDVY - 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 RDVY's 18.21% return. Over the past 10 years, UNL has underperformed RDVY with an annualized return of -5.25%, while RDVY has yielded a comparatively higher 16.08% annualized 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%
RDVY
- 1D
- 0.81%
- 1M
- 2.01%
- 6M
- 12.29%
- YTD
- 18.21%
- 1Y
- 31.80%
- 3Y*
- 20.39%
- 5Y*
- 13.07%
- 10Y*
- 16.08%
- ALL TIME*
- 13.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $79.27M | $78.43M | $84.11M | |
| $201.90K | $282.26K | $431.49K |
UNL vs. RDVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNL United States 12 Month Natural Gas Fund LP | -18.43% | -9.67% | -4.78% | -50.20% | 47.01% | 54.42% | -9.54% | -18.78% | 12.53% | -21.47% |
RDVY First Trust Rising Dividend Achievers ETF | 18.21% | 18.90% | 16.41% | 20.38% | -13.27% | 31.14% | 13.47% | 37.71% | -9.92% | 22.75% |
Correlation
The correlation between UNL and RDVY is -0.30, 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. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2014 | 0.04 |
The correlation between UNL and RDVY shifts across timeframes, from -0.30 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UNL vs. RDVY — Risk / Return Rank
UNL
RDVY
UNL vs. RDVY - 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 First Trust Rising Dividend Achievers ETF (RDVY). 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 | RDVY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.38 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.54 | -4.31 |
| Martin ratioReturn relative to average drawdown | -1.32 | 14.83 | -16.15 |
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Drawdowns
UNL vs. RDVY - Drawdown Comparison
The maximum UNL drawdown since its inception was -89.48%, which is greater than RDVY's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for UNL and RDVY.
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Drawdown Indicators
| UNL | RDVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.48% | -40.60% | -48.88% |
Max Drawdown (1Y)Largest decline over 1 year | -33.33% | -9.04% | -24.29% |
Max Drawdown (3Y)Largest decline over 3 years | -50.42% | -19.11% | -31.31% |
Max Drawdown (5Y)Largest decline over 5 years | -79.07% | -25.32% | -53.75% |
Max Drawdown (10Y)Largest decline over 10 years | -79.07% | -40.60% | -38.47% |
Current DrawdownCurrent decline from peak | -89.34% | 0.00% | -89.34% |
Average DrawdownAverage peak-to-trough decline | -73.49% | -4.95% | -68.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 2.15% | +17.49% |
Volatility
UNL vs. RDVY - Volatility Comparison
United States 12 Month Natural Gas Fund LP (UNL) has a higher volatility of 5.26% compared to First Trust Rising Dividend Achievers ETF (RDVY) at 3.55%. This indicates that UNL's price experiences larger fluctuations and is considered to be riskier than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNL | RDVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 3.55% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 24.99% | 11.40% | +13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.80% | 14.64% | +20.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.71% | 18.93% | +22.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.81% | 21.03% | +12.78% |
UNL vs. RDVY - Expense Ratio Comparison
UNL has a 0.90% expense ratio, which is higher than RDVY's 0.47% expense ratio.
Dividends
UNL vs. RDVY - Dividend Comparison
UNL has not paid dividends to shareholders, while RDVY's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDVY First Trust Rising Dividend Achievers ETF | 0.83% | 1.11% | 1.64% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% |
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% |
Frequently Asked Questions
UNL and RDVY have a correlation of -0.30, 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 RDVY (3.55%). In terms of maximum drawdown, UNL dropped -89.48% vs RDVY's -40.60%.
On 10-year performance, RDVY leads with 16.08% vs -5.25% for UNL. On fees, RDVY is cheaper at 0.47% per year. On volatility, RDVY has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RDVY has performed better with a 16.08% return vs -5.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDVY is cheaper with a 0.47% expense ratio, compared with 0.90% for UNL.
RDVY has the higher dividend yield at 0.83%, compared with 0.00% for UNL.
UNL is categorized as Oil & Gas, while RDVY is Dividend. UNL tracks 12 Month Natural Gas, while RDVY tracks Nasdaq US Rising Dividend Achievers Index. They also come from different issuers: Concierge Technologies and First Trust. Their fees differ too: 0.90% for UNL and 0.47% for RDVY.
RDVY currently has the higher Sharpe Ratio (2.19 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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