ProShares UltraShort Bloomberg Natural Gas (KOLD)
KOLD, or the ProShares Ultra Bloomberg Natural Gas ETF, is a passively managed exchange-traded fund that seeks to provide 200% of the daily performance of the Bloomberg Natural Gas Subindex (TR). This means that the ETF is designed to amplify the index's returns, providing potentially higher gains or losses than the underlying index. The Bloomberg Natural Gas Subindex (TR) is a market-capitalization weighted index that measures the performance of companies primarily engaged in the exploration, production, and transportation of natural gas.
KOLD was launched on October 4, 2011, and has an expense ratio of 0.95%, which is considered relatively high compared to other ETFs in the market.
ETF Info
| ISIN | US74347W3878 |
|---|---|
| CUSIP | 74347W387 |
| Issuer | ProShares |
| Inception Date | Oct 4, 2011 |
| Category | Leveraged Commodities, Leveraged |
| Leveraged | 2x |
| Index Tracked | Bloomberg Natural Gas Subindex (TR) (200%) |
| Asset Class | Commodity |
Expense Ratio
KOLD has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: KOLD vs. BOIL, KOLD vs. ^GSPC, KOLD vs. DRIP, KOLD vs. NGS, KOLD vs. ROSS, KOLD vs. SCO, KOLD vs. AMZN, KOLD vs. SOXX, KOLD vs. UPRO, KOLD vs. TSLA
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares UltraShort Bloomberg Natural Gas, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares UltraShort Bloomberg Natural Gas had a return of 46.58% year-to-date (YTD) and 156.01% in the last 12 months. Over the past 10 years, ProShares UltraShort Bloomberg Natural Gas had an annualized return of -7.66%, while the S&P 500 had an annualized return of 11.39%, indicating that ProShares UltraShort Bloomberg Natural Gas did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 46.58% | 25.45% |
| 1 month | 4.77% | 2.91% |
| 6 months | 23.79% | 14.05% |
| 1 year | 156.01% | 35.64% |
| 5 years (annualized) | -23.88% | 14.13% |
| 10 years (annualized) | -7.66% | 11.39% |
Monthly Returns
The table below presents the monthly returns of KOLD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 10.69% | 16.83% | 25.68% | -8.10% | -25.53% | -8.26% | 49.95% | 5.21% | -28.84% | 46.32% | 46.58% | ||
| 2023 | 92.56% | -3.56% | 41.50% | -4.21% | 20.38% | -33.60% | 5.54% | -7.23% | 12.43% | -26.51% | 80.43% | 19.11% | 249.82% |
| 2022 | -52.12% | -0.03% | -44.31% | -46.03% | -31.00% | 66.47% | -64.22% | -25.70% | 61.75% | 9.18% | -25.49% | 96.86% | -88.62% |
| 2021 | -7.30% | -20.86% | 13.12% | -15.64% | -2.38% | -36.87% | -12.38% | -21.55% | -49.32% | -0.14% | 26.16% | 35.01% | -74.44% |
| 2020 | 33.62% | 19.45% | 0.10% | -26.42% | 27.47% | 15.54% | -9.37% | -49.53% | 23.65% | -23.63% | 32.52% | 23.16% | 22.05% |
| 2019 | -6.60% | 3.23% | 10.02% | 10.75% | 11.32% | 10.19% | 0.59% | -0.92% | -3.30% | -6.08% | 31.67% | 6.52% | 82.94% |
| 2018 | -8.22% | 21.82% | -3.39% | 0.56% | -11.14% | 0.91% | 7.85% | -8.86% | -6.09% | -15.23% | -62.97% | 89.63% | -46.48% |
| 2017 | 27.72% | 26.29% | -21.33% | -3.69% | 15.37% | 2.55% | 11.28% | -11.14% | 2.06% | 18.04% | -3.75% | 3.74% | 72.02% |
| 2016 | 0.44% | 74.72% | -19.30% | -16.68% | -2.55% | -36.37% | -0.52% | 2.72% | 3.85% | -2.43% | -12.65% | -25.16% | -50.49% |
| 2015 | 6.51% | -4.30% | 4.70% | -6.41% | 6.09% | -13.48% | 5.90% | 4.07% | 16.84% | 30.56% | 21.02% | -8.72% | 70.25% |
| 2014 | -35.44% | -6.88% | 4.82% | -17.18% | 9.70% | 1.81% | 31.59% | -10.98% | -1.86% | 15.31% | -15.85% | 81.88% | 18.27% |
| 2013 | -1.02% | -5.49% | -24.02% | -15.61% | 17.13% | 23.25% | 4.84% | -7.64% | 7.80% | 5.69% | -13.28% | -17.62% | -31.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KOLD is 39, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraShort Bloomberg Natural Gas (KOLD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraShort Bloomberg Natural Gas. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares UltraShort Bloomberg Natural Gas was 99.45%, occurring on Aug 22, 2022. The portfolio has not yet recovered.
The current ProShares UltraShort Bloomberg Natural Gas drawdown is 91.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.45% | Jun 26, 2020 | 543 | Aug 22, 2022 | — | — | — |
| -87.03% | Mar 4, 2016 | 691 | Nov 28, 2018 | 395 | Jun 25, 2020 | 1086 |
| -85.48% | Apr 20, 2012 | 508 | Apr 29, 2014 | 465 | Mar 3, 2016 | 973 |
| -30.56% | Jan 20, 2012 | 4 | Jan 25, 2012 | 28 | Mar 6, 2012 | 32 |
| -9.69% | Nov 17, 2011 | 10 | Dec 1, 2011 | 4 | Dec 7, 2011 | 14 |
Volatility
Volatility Chart
The current ProShares UltraShort Bloomberg Natural Gas volatility is 27.94%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.