KOLD vs. ^GSPC
Compare and contrast key facts about ProShares UltraShort Bloomberg Natural Gas (KOLD) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KOLD or ^GSPC.
Key characteristics
| KOLD | ^GSPC | |
|---|---|---|
| YTD Return | 37.97% | 25.48% |
| 1Y Return | 124.62% | 33.14% |
| 3Y Return (Ann) | -8.79% | 8.55% |
| 5Y Return (Ann) | -24.50% | 13.96% |
| 10Y Return (Ann) | -8.21% | 11.39% |
| Sharpe Ratio | 1.42 | 2.91 |
| Sortino Ratio | 2.03 | 3.88 |
| Omega Ratio | 1.24 | 1.55 |
| Calmar Ratio | 1.46 | 4.20 |
| Martin Ratio | 5.46 | 18.80 |
| Ulcer Index | 25.84% | 1.90% |
| Daily Std Dev | 99.24% | 12.27% |
| Max Drawdown | -99.45% | -56.78% |
| Current Drawdown | -92.29% | -0.27% |
Correlation
The correlation between KOLD and ^GSPC is -0.05. 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
KOLD vs. ^GSPC - Performance Comparison
In the year-to-date period, KOLD achieves a 37.97% return, which is significantly higher than ^GSPC's 25.48% return. Over the past 10 years, KOLD has underperformed ^GSPC with an annualized return of -8.21%, while ^GSPC has yielded a comparatively higher 11.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
KOLD vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Natural Gas (KOLD) and S&P 500 (^GSPC). 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.
Drawdowns
KOLD vs. ^GSPC - Drawdown Comparison
The maximum KOLD drawdown since its inception was -99.45%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for KOLD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
KOLD vs. ^GSPC - Volatility Comparison
ProShares UltraShort Bloomberg Natural Gas (KOLD) has a higher volatility of 28.56% compared to S&P 500 (^GSPC) at 3.75%. This indicates that KOLD's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.