GLDW vs. KOLD
GLDW (Roundhill Gold WeeklyPay ETF) and KOLD (ProShares UltraShort Bloomberg Natural Gas) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while KOLD is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. GLDW is actively managed, while KOLD is passively managed. At a correlation of -0.08, they often move in opposite directions. GLDW charges 0.99%/yr vs 0.95%/yr for KOLD.
Performance
GLDW vs. KOLD - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -8.13% return, which is significantly higher than KOLD's -34.28% return.
GLDW
- 1D
- -1.99%
- 1M
- -10.73%
- YTD
- -8.13%
- 6M
- -12.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KOLD
- 1D
- 4.60%
- 1M
- -10.33%
- YTD
- -34.28%
- 6M
- -29.48%
- 1Y
- 4.46%
- 3Y*
- -5.14%
- 5Y*
- -37.54%
- 10Y*
- -24.75%
GLDW vs. KOLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -8.13% | 9.36% |
KOLD ProShares UltraShort Bloomberg Natural Gas | -34.28% | -5.34% |
Correlation
The correlation between GLDW and KOLD is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | -0.08 |
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Return for Risk
GLDW vs. KOLD — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KOLD
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.
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.
| GLDW | KOLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.12 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.06 | — |
| Martin ratioReturn relative to average drawdown | — | 0.12 | — |
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Drawdowns
GLDW vs. KOLD - Drawdown Comparison
The maximum GLDW drawdown since its inception was -30.07%, 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.
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Drawdown Indicators
| GLDW | KOLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -99.45% | +69.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -72.50% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.45% | — |
Current DrawdownCurrent decline from peak | -29.51% | -97.31% | +67.80% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -69.57% | +59.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.96% | — |
Volatility
GLDW vs. KOLD - Volatility Comparison
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Volatility by Period
| GLDW | KOLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 96.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.17% | 113.34% | -76.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.17% | 118.84% | -81.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.17% | 101.82% | -64.65% |
GLDW vs. KOLD - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than KOLD's 0.95% expense ratio.
Dividends
GLDW vs. KOLD - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 23.10%, while KOLD has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 23.10% | 3.75% |
KOLD ProShares UltraShort Bloomberg Natural Gas | 0.00% | 0.00% |
Frequently Asked Questions
GLDW and KOLD have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KOLD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KOLD is cheaper with a 0.95% expense ratio, compared with 0.99% for GLDW.
GLDW has the higher dividend yield at 23.10%, compared with 0.00% for KOLD.
GLDW is categorized as Derivative Income, while KOLD is Oil & Gas. They also come from different issuers: State Street and ProShares. Their fees differ too: 0.99% for GLDW and 0.95% for KOLD.
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