BOEG vs. KOLD

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long BA Daily ETF (BOEG) and ProShares UltraShort Bloomberg Natural Gas (KOLD).

BOEG and KOLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOEG is an actively managed fund by Leverage Shares. It was launched on Jun 12, 2025. KOLD is a passively managed fund by ProShares that tracks the performance of the Bloomberg Natural Gas Subindex (TR) (200%). It was launched on Oct 4, 2011.

Performance

BOEG vs. KOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long BA Daily ETF (BOEG) and ProShares UltraShort Bloomberg Natural Gas (KOLD). The values are adjusted to include any dividend payments, if applicable.

BOEG vs. KOLD - Yearly Performance Comparison

	2026 (YTD)	2025
BOEG Leverage Shares 2X Long BA Daily ETF	-20.41%	6.85%
KOLD ProShares UltraShort Bloomberg Natural Gas	-35.24%	47.94%

Returns By Period

In the year-to-date period, BOEG achieves a -20.41% return, which is significantly higher than KOLD's -35.24% return.

BOEG

• 1D: 10.42%
• 1M: -25.52%
• YTD: -20.41%
• 6M: -24.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KOLD

• 1D: 5.20%
• 1M: 6.13%
• YTD: -35.24%
• 6M: -28.13%
• 1Y: 7.53%
• 3Y*: -14.24%
• 5Y*: -43.16%
• 10Y*: -28.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOEG vs. KOLD - Expense Ratio Comparison

BOEG has a 0.75% expense ratio, which is lower than KOLD's 0.95% expense ratio.

KOLD

ProShares UltraShort Bloomberg Natural Gas

BOEG

Leverage Shares 2X Long BA Daily ETF

Return for Risk

BOEG vs. KOLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KOLD

KOLD Risk / Return Rank: 21
KOLD Sharpe Ratio Rank: 13
KOLD Sortino Ratio Rank: 32
KOLD Omega Ratio Rank: 29
KOLD Calmar Ratio Rank: 16
KOLD Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOEG vs. KOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BA Daily ETF (BOEG) and ProShares UltraShort Bloomberg Natural Gas (KOLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BOEG	KOLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.06	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	-0.14	-0.16

Correlation

The correlation between BOEG and KOLD is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BOEG vs. KOLD - Dividend Comparison

Neither BOEG nor KOLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BOEG vs. KOLD - Drawdown Comparison

The maximum BOEG drawdown since its inception was -46.47%, smaller than the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for BOEG and KOLD.

Drawdown Indicators

	BOEG	KOLD	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-99.45%	+52.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-72.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-98.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.45%	—
Current Drawdown Current decline from peak	-40.25%	-97.35%	+57.10%
Average Drawdown Average peak-to-trough decline	-17.59%	-69.16%	+51.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	31.34%	—

Volatility

Volatility by Period

	BOEG	KOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.07%	120.69%	-59.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.07%	118.51%	-57.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.07%	101.90%	-40.83%