UNG vs SPY
Comparison between United States Natural Gas Fund (UNG, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed UNG, delivering a return of +13.3% compared to -23.2%
UNG vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
UNG vs SPY - Historical Returns
Returns include dividend reinvestment.
UNG vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | UNG | SPY |
|---|---|---|
| 2026 | -3.23% | +8.26% |
| 2025 | -27.92% | +18.00% |
| 2024 | -19.03% | +25.59% |
| 2023 | -60.33% | +26.72% |
| 2022 | +10.42% | -18.64% |
| 2021 | +32.17% | +30.52% |
| 2020 | -44.14% | +17.28% |
| 2019 | -31.16% | +31.09% |
| 2018 | +2.79% | -5.24% |
| 2017 | -30.10% | +20.78% |
| 2016 | +9.50% | +13.59% |
| 2015 | -42.05% | +1.31% |
| 2014 | -29.43% | +14.56% |
| 2013 | +13.43% | +29.00% |
| 2012 | -26.97% | +14.17% |
| 2011 | -48.81% | +0.85% |
| 2010 | -43.69% | +13.14% |
| 2009 | -59.37% | +22.67% |
| 2008 | -39.42% | -36.25% |
| 2007 | -28.60% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
UNG vs SPY Drawdown Comparison
The maximum drawdown for UNG was -99.88%, occurring on Apr 29, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current UNG drawdown is -99.86%. The current SPY drawdown is -2.90%.
| Rank | UNG | SPY |
|---|---|---|
| #1 | -99.88% Jul 1, 2008 - Apr 29, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -36.72% May 17, 2007 - Apr 28, 2008 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -6.30% Apr 28, 2008 - May 7, 2008 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -5.82% May 9, 2008 - May 21, 2008 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -4.77% May 28, 2008 - Jun 3, 2008 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -4.29% Jun 18, 2008 - Jun 30, 2008 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -3.46% May 3, 2007 - May 14, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -2.42% Apr 18, 2007 - Apr 23, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -2.23% Apr 25, 2007 - Apr 27, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -1.91% Jun 6, 2008 - Jun 12, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -1.61% Apr 27, 2007 - May 3, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -1.30% Jun 12, 2008 - Jun 16, 2008 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.17% May 14, 2007 - May 17, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.15% May 23, 2008 - May 28, 2008 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -0.61% May 21, 2008 - May 23, 2008 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between UNG and SPY is -0.42 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
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