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UNL
-0.76 · -9.53%
$7.24 · NYSE ARCA

United States 12 Month Natural Gas Fund LP (UNL) ETF Analysis | Commodities Focused

USCF Investments · United States
AUM:$14.4M
#– of – in Commodities Focused ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Down 27.9% over the past year, indicating meaningful price weakness.

Cost Efficiency

Ongoing charge of 0.90% — above average for this category.

What is UNL?

The Benchmark Futures Contracts are the futures contracts on natural gas as traded on the NYMEX that are the near month contract to expire, and the contracts for the following 11 months, for a total of 12 consecutive months" contracts, except when the near month contract is within two weeks of expiration.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Negative 12-Month Return
UNL returned -27.9% over the past year, reflecting recent market conditions.
Higher Cost Profile
Expense ratio of 0.90% is above average. Verify whether the strategy justifies the cost.
Moderate Concentration
Top 10 holdings make up 39.7% of the ETF — a moderate level of name concentration.
ETF Information
AUM$14.4M
Expense Ratio0.90%
Dividend Yield0.00%
Holdings10
Inception DateNov 2009
DomicileUnited States
DistributionNA
Index–
ProviderUSCF Investments
Beta1.62
CategoryCommodities Focused
CurrencyUSD
Portfolio Impact

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-14.7%
1Y
-23.4%
3Y
-47.2%
5Y
-50.0%
OpenBook InsightIf you had invested £10,000 in UNL 5 years ago, it would have fallen to £4,997 — a loss of £5,003.

Annual Returns

Calendar year performance

UNL delivered positive returns in 1 of the last 5 calendar years.
YearUNL
2026 YTD-18.3%
2025-10.2%
2024-6.3%
2023-46.5%
2022+42.5%
CAGR 4yr-10.5%
1/5 positive yearsAvg return: -7.8%Worst year: -46.5% (2023)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
17.4%
Low
Momentum
-1.6%
30-day change
Support Level
5.79
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Monitor key support and resistance levels as part of broader risk assessment.
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