| UNG | |
|---|---|
| Total return | -92.4% |
| Annualised (CAGR) | -22.7% |
| Volatility (annualised) | +54.4% |
| Sharpe (rf = 0) | -0.42 |
| Deepest drawdown | -93.9% |
| Drawdown peak → trough | 2018-11-14 → 2026-08-06 |
| Dividend yield (12m distributions) | 0.00% (no distributions) |
Over the 10.0 years to 2026-09-29 the fund returned -92.4% in total (-22.7% a year), with a deepest drawdown of -93.9% from 2018-11-14 to 2026-08-06. Its worst calendar year was 2023 (-64.0%), its best 2021 (+35.8%).
| Year | UNG |
|---|---|
| 2026 | -15.6% |
| 2025 | -27.1% |
| 2024 | -17.1% |
| 2023 | -64.0% |
| 2022 | +12.9% |
| 2021 | +35.8% |
| 2020 | -45.4% |
| 2019 | -31.8% |
| 2018 | +6.0% |
| 2017 | -37.6% |
| 2016 | +9.8% |
-92.4% in total, which works out to -22.7% a year over the 10 years to 2026-09-29. Both figures assume dividends were reinvested and the fund's own fees were already deducted, so they are what an investor would have kept — before tax.
2023 — its calendar-year return was -64.0% (net of fees, dividends reinvested). Its best year was 2021 (+35.8%).
-93.9%, from a peak on 2018-11-14 to a trough on 2026-08-06. As of 2026-09-29 it had not climbed back to that earlier peak.
No — over the last 12 months it made no distributions (as of 2026-09-29). Every return figure on this page is therefore price-only.
It does not say UNG is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -93.9% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.