United States 12 Month Natural Gas Fund LP
United States 12 Month Natural Gas Fund LP (UNL) Historical Volatility
UNL 30-day historical volatility is 17%. This ranks in the 6th percentile of readings over the past year.
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Tracking UNL historical volatility helps you see how much United States 12 Month Natural Gas Fund LP's stock price has actually moved over past periods, giving you a baseline to judge whether current option premiums are fair, cheap, or expensive. While implied volatility tells you what the market expects, United States 12 Month Natural Gas Fund LP's HV tells you what really happened. Use our scanner to monitor UNL 30 day historical volatility alongside longer lookback windows and spot the moments when realized and implied diverge.
Historical volatility is the annualized standard deviation of an underlying's past returns, typically measured over rolling windows like 10, 20, 30, or 60 days. The UNL 30 day historical volatility is one of the most widely watched readings because it balances responsiveness with stability. Comparing United States 12 Month Natural Gas Fund LP's HV to its implied volatility reveals the volatility risk premium — when IV sits well above HV, option sellers tend to have an edge; when HV runs hot relative to IV, buyers may be underpaying for movement.
The Benchmark Futures Contracts are the futures contracts on natural gas as traded on the NYMEX that are the near month contract to expire, and the contracts for the following 11 months, for a total of 12 consecutive months’ contracts, except when the near month contract is within two weeks of expiration.
Sizing a long premium trade, modeling a covered call, or hunting volatility arbitrage all come back to one question: how much has the stock actually moved? Our scanner puts United States 12 Month Natural Gas Fund LP's historical volatility side-by-side with implied readings across every lookback window, so you can see exactly where UNL HV is running hot, cold, or in line. Make the UNL 30 day historical volatility — and every other window — work for your edge instead of against it.
As of September 25, 2026
As of September 25, 2026
See how volatility has moved over time
Track UNL historical volatility, spot where IV and realized volatility diverge, and find options that are priced in your favor right now.
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