DRIP vs. KOLD
Compare and contrast key facts about Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and ProShares UltraShort Bloomberg Natural Gas (KOLD).
DRIP and KOLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. 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 DRIP 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: DRIP or KOLD.
Correlation
The correlation between DRIP and KOLD is -0.48. 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.
Performance
DRIP vs. KOLD - Performance Comparison
Key characteristics
DRIP:
0.79
KOLD:
-0.51
DRIP:
1.56
KOLD:
-0.27
DRIP:
1.20
KOLD:
0.97
DRIP:
0.51
KOLD:
-0.56
DRIP:
3.80
KOLD:
-1.29
DRIP:
13.33%
KOLD:
42.90%
DRIP:
63.95%
KOLD:
108.44%
DRIP:
-99.90%
KOLD:
-99.45%
DRIP:
-99.83%
KOLD:
-96.45%
Returns By Period
In the year-to-date period, DRIP achieves a 16.73% return, which is significantly higher than KOLD's -28.29% return.
DRIP
16.73%
20.48%
17.71%
53.77%
-57.35%
N/A
KOLD
-28.29%
38.13%
-54.02%
-57.40%
-42.44%
-21.08%
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DRIP vs. KOLD - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than KOLD's 0.95% expense ratio.
Risk-Adjusted Performance
DRIP vs. KOLD — Risk-Adjusted Performance Rank
DRIP
KOLD
DRIP vs. KOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) 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
DRIP vs. KOLD - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.27%, while KOLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.27% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
KOLD ProShares UltraShort Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRIP vs. KOLD - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.90%, roughly equal to the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for DRIP and KOLD. For additional features, visit the drawdowns tool.
Volatility
DRIP vs. KOLD - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 43.77% compared to ProShares UltraShort Bloomberg Natural Gas (KOLD) at 34.55%. This indicates that DRIP's price experiences larger fluctuations and is considered to be riskier than KOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.