5 Worst Performing Commodity ETFs in 2023

4. United States Natural Gas Fund, LP (NYSE:UNG)

5 Year Share Price Gains: -70.69%

The United States Natural Gas Fund, LP (NYSE:UNG) is another USCF fund. As the name suggests, it tracks natural gas prices, and has net assets worth $1 billion. The ETF’s glory days appear to be behind it when it comes to net asset value; however, it does track its benchmark index and ends up delivering slightly higher returns. 2023 hasn’t been a great year for the fund either, since it is down 54% year to date in daily returns. A large chunk of its holdings are in a Henry Hub natural gas contract.