KOLD vs. BOIL
Compare and contrast key facts about ProShares UltraShort Bloomberg Natural Gas (KOLD) and ProShares Ultra Bloomberg Natural Gas (BOIL).
KOLD and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. Both KOLD and BOIL 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: KOLD or BOIL.
Key characteristics
| KOLD | BOIL | |
|---|---|---|
| YTD Return | 37.97% | -69.14% |
| 1Y Return | 124.62% | -82.69% |
| 3Y Return (Ann) | -8.79% | -79.38% |
| 5Y Return (Ann) | -24.50% | -68.21% |
| 10Y Return (Ann) | -8.21% | -56.22% |
| Sharpe Ratio | 1.42 | -0.86 |
| Sortino Ratio | 2.03 | -1.88 |
| Omega Ratio | 1.24 | 0.81 |
| Calmar Ratio | 1.46 | -0.84 |
| Martin Ratio | 5.46 | -1.22 |
| Ulcer Index | 25.84% | 68.85% |
| Daily Std Dev | 99.24% | 97.96% |
| Max Drawdown | -99.45% | -99.99% |
| Current Drawdown | -92.29% | -99.99% |
Correlation
The correlation between KOLD and BOIL is -1.00. 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. BOIL - Performance Comparison
In the year-to-date period, KOLD achieves a 37.97% return, which is significantly higher than BOIL's -69.14% return. Over the past 10 years, KOLD has outperformed BOIL with an annualized return of -8.21%, while BOIL has yielded a comparatively lower -56.22% 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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KOLD vs. BOIL - Expense Ratio Comparison
KOLD has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Risk-Adjusted Performance
KOLD vs. BOIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Natural Gas (KOLD) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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
KOLD vs. BOIL - Dividend Comparison
Neither KOLD nor BOIL has paid dividends to shareholders.
Drawdowns
KOLD vs. BOIL - Drawdown Comparison
The maximum KOLD drawdown since its inception was -99.45%, roughly equal to the maximum BOIL drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for KOLD and BOIL. For additional features, visit the drawdowns tool.
Volatility
KOLD vs. BOIL - Volatility Comparison
ProShares UltraShort Bloomberg Natural Gas (KOLD) and ProShares Ultra Bloomberg Natural Gas (BOIL) have volatilities of 28.56% and 28.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.