Summary
UNL
Prices · period metrics · 12M
NAV as of 16/07/2026
02/04/2025 → 02/04/2026
Return -32.89% Volatility 39.64% Sharpe -0.92
Official loaded data — not a live quote.

United States 12 Month Natural Gas Fund

Symbol: UNL

Exchange: NYSE

Sector: N/A

Category: Commodities Focused

Inception date: 18/11/2009

Latest date: 16/07/2026

Current price: $6.02

Expense ratio: 1.65%

Assets under management
$17.3M
-0.50% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

-7.38%

Ann. -41.54% (Sharpe / Sortino numerator)

Volatility

36.96%

Sharpe ratio

-1.222

VaR 95%

-3.75%

CVaR 95%: -4.24%
Max drawdown: -10.21%
Sortino ratio: -2.206
Calmar ratio: -4.07

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-7.81%

Ann. -21.70% (Sharpe / Sortino numerator)

Volatility

55.34%

Sharpe ratio

-0.458

VaR 95%

-4.58%

CVaR 95%: -7.99%
Max drawdown: -22.09%
Sortino ratio: -0.492
Calmar ratio: -0.98

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-8.37%

Ann. -30.00% (Sharpe / Sortino numerator)

Volatility

45.54%

Sharpe ratio

-0.738

VaR 95%

-4.10%

CVaR 95%: -6.76%
Max drawdown: -27.27%
Sortino ratio: -0.857
Calmar ratio: -1.10

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-32.89%

Ann. -32.88% (Sharpe / Sortino numerator)

Volatility

39.64%

Sharpe ratio

-0.921

VaR 95%

-4.07%

CVaR 95%: -6.09%
Max drawdown: -36.28%
Sortino ratio: -1.124
Calmar ratio: -0.91

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-21.31%

Ann. -7.63% (Sharpe / Sortino numerator)

Volatility

36.30%

Sharpe ratio

-0.310

VaR 95%

-3.59%

CVaR 95%: -5.12%
Max drawdown: -40.50%
Sortino ratio: -0.422
Calmar ratio: -0.19

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-45.32%

Ann. -16.44% (Sharpe / Sortino numerator)

Volatility

34.68%

Sharpe ratio

-0.579

VaR 95%

-3.41%

CVaR 95%: -4.80%
Max drawdown: -45.91%
Sortino ratio: -0.837
Calmar ratio: -0.36

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 16/07/2025 - 16/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

-0.134%

Best day

9.132%

20/01/2026
Worst day

-16.11%

02/02/2026
Days with data

251

Recent price history (last 90 days)

Date Open High Low Close Volume
16/07/2026 $6.05 $6.05 $5.92 $6.02 118,900
15/07/2026 $6.02 $6.06 $6.02 $6.05 15,200
14/07/2026 $6.06 $6.07 $6.03 $6.06 28,500
13/07/2026 $6.01 $6.08 $5.98 $6.03 64,600
10/07/2026 $6.05 $6.08 $5.99 $6.06 76,900
09/07/2026 $6.29 $6.29 $6.13 $6.14 75,900
08/07/2026 $6.38 $6.38 $6.33 $6.33 76,400
07/07/2026 $6.30 $6.36 $6.29 $6.35 26,200
06/07/2026 $6.27 $6.32 $6.26 $6.28 69,300
02/07/2026 $6.32 $6.36 $6.30 $6.34 39,200