FTGC vs. KOLD
FTGC (First Trust Global Tactical Commodity Strategy Fund) and KOLD (ProShares UltraShort Bloomberg Natural Gas) are both exchange-traded funds - FTGC is a Commodities fund actively managed by First Trust, while KOLD is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. FTGC is actively managed, while KOLD is passively managed. Over the past 10 years, FTGC returned 7.29%/yr vs -23.38%/yr for KOLD. At a correlation of -0.27, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
FTGC vs. KOLD - Performance Comparison
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Returns By Period
In the year-to-date period, FTGC achieves a 23.17% return, which is significantly higher than KOLD's -23.56% return. Over the past 10 years, FTGC has outperformed KOLD with an annualized return of 7.29%, while KOLD has yielded a comparatively lower -23.38% annualized return.
FTGC
- 1D
- -0.11%
- 1M
- 1.08%
- 6M
- 21.09%
- YTD
- 23.17%
- 1Y
- 31.25%
- 3Y*
- 15.14%
- 5Y*
- 12.87%
- 10Y*
- 7.29%
KOLD
- 1D
- 4.25%
- 1M
- 14.00%
- 6M
- -45.41%
- YTD
- -23.56%
- 1Y
- 1.05%
- 3Y*
- -2.38%
- 5Y*
- -33.63%
- 10Y*
- -23.38%
FTGC vs. KOLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 23.17% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 2.73% |
KOLD ProShares UltraShort Bloomberg Natural Gas | -23.56% | -17.48% | -11.34% | 249.82% | -88.62% | -74.44% | 22.05% | 82.94% | -46.48% | 72.02% |
Correlation
The correlation between FTGC and KOLD is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2013 | -0.27 |
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Return for Risk
FTGC vs. KOLD — Risk / Return Rank
FTGC
KOLD
FTGC vs. KOLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTGC | KOLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.11 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | -0.01 | +2.69 |
| Martin ratioReturn relative to average drawdown | 9.04 | -0.02 | +9.06 |
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Drawdowns
FTGC vs. KOLD - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, smaller than the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for FTGC and KOLD.
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Drawdown Indicators
| FTGC | KOLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -99.45% | +39.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -72.50% | +60.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -84.34% | +72.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -97.82% | +75.18% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | -99.45% | +63.54% |
Current DrawdownCurrent decline from peak | -7.64% | -96.88% | +89.24% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -69.66% | +42.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 39.59% | -35.95% |
Volatility
FTGC vs. KOLD - Volatility Comparison
The current volatility for First Trust Global Tactical Commodity Strategy Fund (FTGC) is 4.13%, while ProShares UltraShort Bloomberg Natural Gas (KOLD) has a volatility of 19.69%. This indicates that FTGC experiences smaller price fluctuations and is considered to be less risky than KOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGC | KOLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 19.69% | -15.56% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 94.00% | -80.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 112.05% | -96.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 118.86% | -103.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 101.70% | -86.99% |
FTGC vs. KOLD - Expense Ratio Comparison
Both FTGC and KOLD have an expense ratio of 0.95%.
Dividends
FTGC vs. KOLD - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 15.73%, while KOLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.73% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
KOLD ProShares UltraShort Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTGC and KOLD have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KOLD has higher volatility (19.69%) compared to FTGC (4.13%). In terms of maximum drawdown, FTGC dropped -59.47% vs KOLD's -99.45%.
On 10-year performance, FTGC leads with 7.29% vs -23.38% for KOLD. Both ETFs have the same 0.95% expense ratio. On volatility, FTGC has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FTGC has performed better with a 7.29% return vs -23.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTGC and KOLD have the same expense ratio: 0.95% per year.
FTGC has the higher dividend yield at 15.73%, compared with 0.00% for KOLD.
FTGC is categorized as Commodities, while KOLD is Oil & Gas. They also come from different issuers: First Trust and ProShares.
FTGC currently has the higher Sharpe Ratio (2.10 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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