KOLD vs. SOXX
Compare and contrast key facts about ProShares UltraShort Bloomberg Natural Gas (KOLD) and iShares PHLX Semiconductor ETF (SOXX).
KOLD and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both KOLD and SOXX 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 SOXX.
Key characteristics
| KOLD | SOXX | |
|---|---|---|
| YTD Return | 46.58% | 16.73% |
| 1Y Return | 156.01% | 37.53% |
| 3Y Return (Ann) | -6.94% | 9.57% |
| 5Y Return (Ann) | -23.88% | 24.59% |
| 10Y Return (Ann) | -7.66% | 23.99% |
| Sharpe Ratio | 1.37 | 1.06 |
| Sortino Ratio | 2.00 | 1.53 |
| Omega Ratio | 1.24 | 1.20 |
| Calmar Ratio | 1.40 | 1.45 |
| Martin Ratio | 5.26 | 3.72 |
| Ulcer Index | 25.80% | 9.73% |
| Daily Std Dev | 99.39% | 34.26% |
| Max Drawdown | -99.45% | -70.21% |
| Current Drawdown | -91.81% | -15.76% |
Correlation
The correlation between KOLD and SOXX is -0.03. 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. SOXX - Performance Comparison
In the year-to-date period, KOLD achieves a 46.58% return, which is significantly higher than SOXX's 16.73% return. Over the past 10 years, KOLD has underperformed SOXX with an annualized return of -7.66%, while SOXX has yielded a comparatively higher 23.99% 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. SOXX - Expense Ratio Comparison
KOLD has a 0.95% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
KOLD vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Natural Gas (KOLD) and iShares PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
KOLD has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.65%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KOLD ProShares UltraShort Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares PHLX Semiconductor ETF | 0.65% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% | 1.18% |
Drawdowns
KOLD vs. SOXX - Drawdown Comparison
The maximum KOLD drawdown since its inception was -99.45%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for KOLD and SOXX. For additional features, visit the drawdowns tool.
Volatility
KOLD vs. SOXX - Volatility Comparison
ProShares UltraShort Bloomberg Natural Gas (KOLD) has a higher volatility of 27.94% compared to iShares PHLX Semiconductor ETF (SOXX) at 9.54%. This indicates that KOLD's price experiences larger fluctuations and is considered to be riskier than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.