ProShares UltraShort Bloomberg Natural Gas (KOLD) belongs to the Leveraged Commodities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with KOLD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KOLD
KOLD charges 0.95% annually. There are 4 ETFs in the Leveraged Commodities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Gold Strategy PLUS Income ETF | 0.50% | 43.90M | Dec 2024 | KOLD vs YGLD | |
| DB Gold Double Long Exchange Traded Notes | 0.75% | 228.65M | Feb 2008 | KOLD vs DGP | |
| DB Gold Double Short Exchange Traded Notes | 0.75% | 1.29M | Feb 2008 | KOLD vs DZZ | |
| ProShares Ultra Silver | 0.93% | 1.87B | Dec 2008 | KOLD vs AGQ | |
| ProShares UltraShort Bloomberg Crude Oil | 0.95% | 1.48B | Nov 2008 | KOLD vs SCO |
Best Risk-Adjusted Alternatives to KOLD
KOLD has a PortfoliosLab risk / return rank of 11. There are 8 ETFs in the Leveraged Commodities category with higher risk-adjusted ranks, going as high as 56.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 56 | 384.99M | Nov 2008 | KOLD vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 54 | 33.55M | Mar 2017 | KOLD vs OILU | |
| ProShares Ultra Silver | 41 | 1.87B | Dec 2008 | KOLD vs AGQ | |
| DB Gold Double Long Exchange Traded Notes | 32 | 228.65M | Feb 2008 | KOLD vs DGP | |
| ProShares Ultra Gold | 29 | 854.04M | Dec 2008 | KOLD vs UGL |
Top Performing KOLD Alternatives (YTD)
KOLD is at -34.34% YTD. There are 12 ETFs in the Leveraged Commodities category with higher YTD returns, going as high as 142.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 142.55% | 384.99M | Nov 2008 | KOLD vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 89.62% | 33.55M | Mar 2017 | KOLD vs OILU | |
| Teucrium 2x Daily Wheat ETF | 27.79% | 9.15M | Dec 2024 | KOLD vs WXET | |
| DB Gold Double Long Exchange Traded Notes | 2.76% | 228.65M | Feb 2008 | KOLD vs DGP | |
| Roundhill Gold WeeklyPay ETF | 2.22% | 23.42M | Oct 2025 | KOLD vs GLDW |
Lowest Volatility Alternatives to KOLD
KOLD has 114.40% 1-year volatility. There are 13 ETFs in the Leveraged Commodities category with lower 1-year volatility, going as low as 36.13%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Teucrium 2x Daily Corn ETF | 36.13% | 4.25M | Dec 2024 | KOLD vs CXRN | |
| Roundhill Gold WeeklyPay ETF | 36.99% | 23.42M | Oct 2025 | KOLD vs GLDW | |
| Simplify Gold Strategy PLUS Income ETF | 40.60% | 43.90M | Dec 2024 | KOLD vs YGLD | |
| Teucrium 2x Daily Wheat ETF | 49.90% | 9.15M | Dec 2024 | KOLD vs WXET | |
| ProShares UltraShort Gold | 52.57% | 102.63M | Dec 2008 | KOLD vs GLL |
Lowest Drawdown Alternatives to KOLD
KOLD has a 1-year max drawdown of -72.50%. There are 11 ETFs in the Leveraged Commodities category with shallower 1-year drawdowns, going as shallow as -25.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Teucrium 2x Daily Corn ETF | -25.27% | 4.25M | Dec 2024 | KOLD vs CXRN | |
| MicroSectors Oil & Gas Exploration & Production 3X... | -33.51% | 33.55M | Mar 2017 | KOLD vs OILU | |
| Simplify Gold Strategy PLUS Income ETF | -34.23% | 43.90M | Dec 2024 | KOLD vs YGLD | |
| ProShares Ultra Bloomberg Crude Oil | -34.77% | 384.99M | Nov 2008 | KOLD vs UCO | |
| Teucrium 2x Daily Wheat ETF | -35.64% | 9.15M | Dec 2024 | KOLD vs WXET |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 7 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 75 | 65.71% | 39.77B | Feb 2010 | KOLD vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -24.14% | 1.70B | Oct 2021 | KOLD vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 73 | 42.81% | 14.46B | Jun 2006 | KOLD vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 69 | 30.62% | 5.55B | Jun 2009 | KOLD vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 68 | 21.07% | 8.38B | Jun 2006 | KOLD vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 23 | 3.68% | 11.07B | Oct 2013 | KOLD vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 92 | 116.46% | 3.05B | Jan 2007 | KOLD vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities | 0 | -45.68% | 2.23B | Feb 2010 | KOLD vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -18.87% | 398.99M | Oct 2011 | KOLD vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -50.14% | 446.55M | Apr 2024 | KOLD vs BITU |
Often Compared With KOLD
Investors most often compare KOLD with BOIL, ^GSPC, NG. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare KOLD with Any Fund or Stock
Compare KOLD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KOLD with funds that move differently
ProShares UltraShort Bloomberg Natural Gas alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KOLD.
Explore KOLD Diversifiers