BOIL vs. KOLD
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares UltraShort Bloomberg Natural Gas (KOLD).
BOIL and KOLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. 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. Both BOIL and KOLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOIL or KOLD.
Performance
BOIL vs. KOLD - Performance Comparison
Returns By Period
In the year-to-date period, BOIL achieves a -63.87% return, which is significantly lower than KOLD's 14.93% return. Over the past 10 years, BOIL has underperformed KOLD with an annualized return of -61.47%, while KOLD has yielded a comparatively higher -9.06% annualized return.
BOIL
-63.87%
20.47%
-51.96%
-75.96%
-66.96%
-61.47%
KOLD
14.93%
-24.08%
32.35%
59.91%
-27.45%
-9.06%
Key characteristics
| BOIL | KOLD | |
|---|---|---|
| Sharpe Ratio | -0.76 | 0.54 |
| Sortino Ratio | -1.26 | 1.36 |
| Omega Ratio | 0.87 | 1.16 |
| Calmar Ratio | -0.75 | 0.57 |
| Martin Ratio | -1.17 | 2.09 |
| Ulcer Index | 64.49% | 26.13% |
| Daily Std Dev | 99.19% | 100.42% |
| Max Drawdown | -100.00% | -99.45% |
| Current Drawdown | -99.99% | -93.58% |
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BOIL vs. KOLD - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than KOLD's 0.95% expense ratio.
Correlation
The correlation between BOIL and KOLD is -0.97. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
BOIL vs. KOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) 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.
Dividends
BOIL vs. KOLD - Dividend Comparison
Neither BOIL nor KOLD has paid dividends to shareholders.
Drawdowns
BOIL vs. KOLD - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for BOIL and KOLD. For additional features, visit the drawdowns tool.
Volatility
BOIL vs. KOLD - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares UltraShort Bloomberg Natural Gas (KOLD) have volatilities of 33.22% and 33.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.