GLDW vs. KOLD

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Gold WeeklyPay ETF (GLDW) and ProShares UltraShort Bloomberg Natural Gas (KOLD).

GLDW and KOLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 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

GLDW vs. KOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold WeeklyPay ETF (GLDW) and ProShares UltraShort Bloomberg Natural Gas (KOLD). The values are adjusted to include any dividend payments, if applicable.

GLDW vs. KOLD - Yearly Performance Comparison

	2026 (YTD)	2025
GLDW Roundhill Gold WeeklyPay ETF	8.62%	7.63%
KOLD ProShares UltraShort Bloomberg Natural Gas	-38.45%	2.02%

Returns By Period

In the year-to-date period, GLDW achieves a 8.62% return, which is significantly higher than KOLD's -38.45% return.

GLDW

• 1D: 4.69%
• 1M: -13.64%
• YTD: 8.62%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KOLD

• 1D: -0.73%
• 1M: -7.42%
• YTD: -38.45%
• 6M: -37.60%
• 1Y: 10.94%
• 3Y*: -15.68%
• 5Y*: -43.73%
• 10Y*: -29.03%

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

GLDW vs. KOLD - Expense Ratio Comparison

GLDW has a 0.99% expense ratio, which is higher than KOLD's 0.95% expense ratio.

GLDW

Roundhill Gold WeeklyPay ETF

KOLD

ProShares UltraShort Bloomberg Natural Gas

Return for Risk

GLDW 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: 23
KOLD Sharpe Ratio Rank: 15
KOLD Sortino Ratio Rank: 38
KOLD Omega Ratio Rank: 34
KOLD Calmar Ratio Rank: 15
KOLD Martin Ratio Rank: 14

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.

GLDW vs. KOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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

	GLDW	KOLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	-0.15	+1.28

Correlation

The correlation between GLDW and KOLD is -0.11. 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.

Dividends

GLDW vs. KOLD - Dividend Comparison

GLDW's dividend yield for the trailing twelve months is around 12.11%, while KOLD has not paid dividends to shareholders.

	TTM	2025
GLDW Roundhill Gold WeeklyPay ETF	12.11%	3.75%
KOLD ProShares UltraShort Bloomberg Natural Gas	0.00%	0.00%

Drawdowns

GLDW vs. KOLD - Drawdown Comparison

The maximum GLDW drawdown since its inception was -23.59%, smaller than the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for GLDW and KOLD.

Drawdown Indicators

	GLDW	KOLD	Difference
Max Drawdown Largest peak-to-trough decline	-23.59%	-99.45%	+75.86%
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	-16.66%	-97.48%	+80.82%
Average Drawdown Average peak-to-trough decline	-5.11%	-69.15%	+64.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	31.16%	—

Volatility

Volatility by Period

	GLDW	KOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	41.26%	120.63%	-79.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.26%	118.49%	-77.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.26%	101.91%	-60.65%