United States 12 Month Natural Gas Fund, LP
Top 10 Holdings
What is UNL?
The investment objective of UNL is to have the changes in percentage terms of the units net asset value reflect the changes in percentage terms of the spot price of natural gas delivered at the Henry Hub Louisiana as measured by the changes in the average of the prices of 12 futures contracts on natural gas traded on the New York Mercantile Exchange consisting of the near month contact to expire and the contracts for the following eleven months for a total of 12 consecutive months contracts except when the near month contract is within two weeks of expiration in which case it will be measured by the futures contract that is the next month contract to expire and the contracts for the following eleven consecutive months less UNLs expenses.
ETFs related toUNL
ETFs correlated to UNL include BOIL, UNG, DJP
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.