KOLD vs. DRIP
Compare and contrast key facts about ProShares UltraShort Bloomberg Natural Gas (KOLD) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP).
KOLD and DRIP 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. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. Both KOLD and DRIP 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 DRIP.
Correlation
The correlation between KOLD and DRIP is -0.48. 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. DRIP - Performance Comparison
Key characteristics
KOLD:
-0.51
DRIP:
0.79
KOLD:
-0.27
DRIP:
1.56
KOLD:
0.97
DRIP:
1.20
KOLD:
-0.56
DRIP:
0.51
KOLD:
-1.29
DRIP:
3.80
KOLD:
42.90%
DRIP:
13.33%
KOLD:
108.44%
DRIP:
63.95%
KOLD:
-99.45%
DRIP:
-99.90%
KOLD:
-96.45%
DRIP:
-99.83%
Returns By Period
In the year-to-date period, KOLD achieves a -28.29% return, which is significantly lower than DRIP's 16.73% return.
KOLD
-28.29%
38.13%
-54.02%
-57.40%
-42.44%
-21.08%
DRIP
16.73%
20.48%
17.71%
53.77%
-57.35%
N/A
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KOLD vs. DRIP - Expense Ratio Comparison
KOLD has a 0.95% expense ratio, which is lower than DRIP's 1.07% expense ratio.
Risk-Adjusted Performance
KOLD vs. DRIP — Risk-Adjusted Performance Rank
KOLD
DRIP
KOLD vs. DRIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Natural Gas (KOLD) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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. DRIP - Dividend Comparison
KOLD has not paid dividends to shareholders, while DRIP's dividend yield for the trailing twelve months is around 3.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
KOLD ProShares UltraShort Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.27% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
Drawdowns
KOLD vs. DRIP - Drawdown Comparison
The maximum KOLD drawdown since its inception was -99.45%, roughly equal to the maximum DRIP drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for KOLD and DRIP. For additional features, visit the drawdowns tool.
Volatility
KOLD vs. DRIP - Volatility Comparison
The current volatility for ProShares UltraShort Bloomberg Natural Gas (KOLD) is 34.55%, while Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a volatility of 43.77%. This indicates that KOLD experiences smaller price fluctuations and is considered to be less risky than DRIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.