KOLD vs. TSLA
Compare and contrast key facts about ProShares UltraShort Bloomberg Natural Gas (KOLD) and Tesla, Inc. (TSLA).
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 TSLA.
Key characteristics
| KOLD | TSLA | |
|---|---|---|
| YTD Return | 71.79% | 29.27% |
| 1Y Return | 182.15% | 52.98% |
| 3Y Return (Ann) | -0.79% | -1.99% |
| 5Y Return (Ann) | -19.79% | 70.37% |
| 10Y Return (Ann) | -5.53% | 34.45% |
| Sharpe Ratio | 2.00 | 0.74 |
| Sortino Ratio | 2.38 | 1.49 |
| Omega Ratio | 1.29 | 1.18 |
| Calmar Ratio | 2.03 | 0.68 |
| Martin Ratio | 7.62 | 1.95 |
| Ulcer Index | 25.75% | 22.86% |
| Daily Std Dev | 98.23% | 60.53% |
| Max Drawdown | -99.45% | -73.63% |
| Current Drawdown | -90.40% | -21.65% |
Correlation
The correlation between KOLD and TSLA is -0.02. 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. TSLA - Performance Comparison
In the year-to-date period, KOLD achieves a 71.79% return, which is significantly higher than TSLA's 29.27% return. Over the past 10 years, KOLD has underperformed TSLA with an annualized return of -5.53%, while TSLA has yielded a comparatively higher 34.45% 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. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Natural Gas (KOLD) and Tesla, Inc. (TSLA). 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. TSLA - Dividend Comparison
Neither KOLD nor TSLA has paid dividends to shareholders.
Drawdowns
KOLD vs. TSLA - Drawdown Comparison
The maximum KOLD drawdown since its inception was -99.45%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for KOLD and TSLA. For additional features, visit the drawdowns tool.
Volatility
KOLD vs. TSLA - Volatility Comparison
The current volatility for ProShares UltraShort Bloomberg Natural Gas (KOLD) is 22.91%, while Tesla, Inc. (TSLA) has a volatility of 28.02%. This indicates that KOLD experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.