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.
Performance
KOLD vs. BOIL - Performance Comparison
Loading graphics...
KOLD vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KOLD ProShares UltraShort Bloomberg Natural Gas | -38.45% | -17.48% | -11.34% | 249.82% | -88.62% | -74.44% | 22.05% | 82.94% | -46.48% | 72.02% |
BOIL ProShares Ultra Bloomberg Natural Gas | -29.61% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
Returns By Period
In the year-to-date period, KOLD achieves a -38.45% return, which is significantly lower than BOIL's -29.61% return. Over the past 10 years, KOLD has outperformed BOIL with an annualized return of -29.03%, while BOIL has yielded a comparatively lower -55.56% annualized return.
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%
BOIL
- 1D
- 0.75%
- 1M
- -1.95%
- YTD
- -29.61%
- 6M
- -46.25%
- 1Y
- -81.20%
- 3Y*
- -64.52%
- 5Y*
- -62.47%
- 10Y*
- -55.56%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
KOLD vs. BOIL - Expense Ratio Comparison
KOLD has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Return for Risk
KOLD vs. BOIL — Risk / Return Rank
KOLD
BOIL
KOLD vs. BOIL - Risk-Adjusted Trends 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.
| KOLD | BOIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | -0.68 | +0.77 |
Sortino ratioReturn per unit of downside risk | 1.02 | -1.00 | +2.02 |
Omega ratioGain probability vs. loss probability | 1.13 | 0.88 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.99 | +1.10 |
Martin ratioReturn relative to average drawdown | 0.27 | -1.33 | +1.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| KOLD | BOIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | -0.68 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.53 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.29 | -0.55 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | -0.61 | +0.47 |
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.
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 -100.00%. Use the drawdown chart below to compare losses from any high point for KOLD and BOIL.
Loading graphics...
Drawdown Indicators
| KOLD | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.45% | -100.00% | +0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -72.50% | -81.53% | +9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -98.91% | -99.88% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -99.45% | -99.98% | +0.53% |
Current DrawdownCurrent decline from peak | -97.48% | -100.00% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -69.15% | -93.51% | +24.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.16% | 60.91% | -29.75% |
Volatility
KOLD vs. BOIL - Volatility Comparison
ProShares UltraShort Bloomberg Natural Gas (KOLD) and ProShares Ultra Bloomberg Natural Gas (BOIL) have volatilities of 29.18% and 29.44%, 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.
Loading graphics...
Volatility by Period
| KOLD | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.18% | 29.44% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 101.24% | 109.34% | -8.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.63% | 120.51% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.49% | 118.61% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.91% | 101.94% | -0.03% |