United States Natural Gas Fund (UNG) Equity Ratio (2012 - 2026)

United States Natural Gas Fund (UNG) recorded quarterly Equity Ratio of 0.98 in Q1 2026, up 2.94% on a QoQ basis from 0.95 in Q4 2025, and up 3.73% year-over-year from 0.94 in Q1 2025.

United States Natural Gas Fund (UNG) Equity Ratio (2012 - 2026) Analysis & Trends

United States Natural Gas Fund has disclosed Equity Ratio across 15 years of filings, most recently posting 0.98 for Q1 2026.

  • Quarterly Equity Ratio rose 3.73% year-over-year to 0.98 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.98 (up 3.73% YoY) and the FY2025 annual result came in at 0.95, up 0.92% from the prior year.
  • Equity Ratio advanced to 0.98 in Q1 2026, from 0.95 in the prior quarter.
  • Over five years, Equity Ratio peaked at 1.0 in Q3 2023 and troughed at 0.93 in Q1 2022.
  • A 5-year average of 0.97 and a median of 0.98 in 2026 frame the typical range for Equity Ratio.
  • Annual changes were most pronounced in 2022 — Equity Ratio retreated 6.38% — and 2023, when it increased 3.8%.
  • Tracing UNG's Equity Ratio over 5 years: stood at 1.0 in 2022, then retreated by 1.1% to 0.99 in 2023, then retreated by 4.5% to 0.94 in 2024, then rose by 0.92% to 0.95 in 2025, then advanced by 2.94% to 0.98 in 2026.
  • Business Quant data shows UNG's Equity Ratio at 0.98 in Q1 2026, 0.95 in Q4 2025, and 0.96 in Q3 2025.

Peer Comparison

Historic Data

Download Data
DateValue
Mar 31, 2026 0.98
Dec 31, 2025 0.95
Sep 30, 2025 0.96
Jun 30, 2025 0.96
Mar 31, 2025 0.94
Dec 31, 2024 0.94
Sep 30, 2024 0.95
Jun 30, 2024 1.00
Mar 31, 2024 0.99
Dec 31, 2023 0.99
Sep 30, 2023 1.00
Jun 30, 2023 0.99
Mar 31, 2023 0.97
Dec 31, 2022 1.00
Sep 30, 2022 1.00
Jun 30, 2022 0.99
Mar 31, 2022 0.93
Dec 31, 2021 0.99
Sep 30, 2021 1.00
Jun 30, 2021 0.95