HG=FVSNG=F• 28 Days (Normalized)
HG
HG=F vs NG=F (Copper Futures vs Natural Gas Futures)
Showing Closing Date Range from Sep 9 to Oct 7, 2026.
Normalized cumulative comparison anchored at 0.00% baseline to illustrate pure alpha, return divergence, and market momentum.
HG=F Performance $6.63
-2.53%
Copper Futures
Normalized Baseline0.00%
NG=F Performance $3.21
+13.75%
Natural Gas Futures
Normalized Baseline0.00%
Alpha Spread Margin NG=F LEADS
-16.28 pts
NG=F outperforming by 16.28 percentage points
HG=FNG=F
Spread Trajectory28 Days (Normalized)
Cumulative Performance Trajectory
Interactive divergence comparison normalized at 0.00% on start date.
HG=F NG=F
Comparative Historical Ledger
Daily closing prices, normalized percentages, and relative spread divergence.
Historical Quotes & Breakdown(22 dates)
| Date | HG=F Price | HG=F Gain (%) | NG=F Price | NG=F Gain (%) | Spread |
|---|---|---|---|---|---|
| Oct 07, 2026 | $6.63 | -2.53% | $3.21 | +13.75% | -16.28% |
| Oct 06, 2026 | $6.66 | -2.11% | $3.12 | +10.60% | -12.71% |
| Oct 05, 2026 | $6.64 | -2.40% | $3.07 | +8.82% | -11.22% |
| Oct 02, 2026 | $6.59 | -3.18% | $3.04 | +7.80% | -10.98% |
| Sep 30, 2026 | $6.62 | -2.68% | $3.02 | +6.87% | -9.55% |
| Sep 29, 2026 | $6.65 | -2.22% | $3.01 | +6.77% | -8.99% |
| Sep 28, 2026 | $6.61 | -2.80% | $3.15 | +11.66% | -14.46% |
| Sep 25, 2026 | $6.78 | -0.36% | $3.24 | +14.81% | -15.17% |
| Sep 24, 2026 | $6.72 | -1.25% | $3.36 | +18.89% | -20.14% |
| Sep 23, 2026 | $6.68 | -1.84% | $3.02 | +7.12% | -8.96% |
| Sep 22, 2026 | $6.76 | -0.65% | $2.97 | +5.07% | -5.72% |
| Sep 21, 2026 | $6.69 | -1.72% | $2.84 | +0.50% | -2.22% |
| Sep 20, 2026 | $6.71 | -1.36% | $2.89 | +2.34% | -3.70% |
| Sep 18, 2026 | $6.62 | -2.77% | $2.91 | +3.19% | -5.96% |
| Sep 17, 2026 | $6.59 | -3.19% | $2.90 | +2.80% | -5.99% |
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