KOLD vs. UNL
Compare and contrast key facts about ProShares UltraShort Bloomberg Natural Gas (KOLD) and United States 12 Month Natural Gas Fund LP (UNL).
KOLD and UNL 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. UNL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Natural Gas. It was launched on Nov 18, 2009. Both KOLD and UNL 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 UNL.
Correlation
The correlation between KOLD and UNL is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KOLD vs. UNL - Performance Comparison
Key characteristics
KOLD:
-0.50
UNL:
0.12
KOLD:
-0.24
UNL:
0.42
KOLD:
0.97
UNL:
1.05
KOLD:
-0.55
UNL:
0.05
KOLD:
-1.26
UNL:
0.28
KOLD:
43.09%
UNL:
15.34%
KOLD:
108.00%
UNL:
34.67%
KOLD:
-99.45%
UNL:
-88.01%
KOLD:
-96.52%
UNL:
-85.24%
Returns By Period
In the year-to-date period, KOLD achieves a -29.69% return, which is significantly lower than UNL's 3.06% return. Over the past 10 years, KOLD has underperformed UNL with an annualized return of -21.10%, while UNL has yielded a comparatively higher -3.60% annualized return.
KOLD
-29.69%
32.91%
-54.00%
-57.81%
-42.64%
-21.10%
UNL
3.06%
-14.43%
12.72%
6.85%
-0.00%
-3.60%
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KOLD vs. UNL - Expense Ratio Comparison
KOLD has a 0.95% expense ratio, which is higher than UNL's 0.90% expense ratio.
Risk-Adjusted Performance
KOLD vs. UNL — Risk-Adjusted Performance Rank
KOLD
UNL
KOLD vs. UNL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Natural Gas (KOLD) and United States 12 Month Natural Gas Fund LP (UNL). 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. UNL - Dividend Comparison
Neither KOLD nor UNL has paid dividends to shareholders.
Drawdowns
KOLD vs. UNL - Drawdown Comparison
The maximum KOLD drawdown since its inception was -99.45%, which is greater than UNL's maximum drawdown of -88.01%. Use the drawdown chart below to compare losses from any high point for KOLD and UNL. For additional features, visit the drawdowns tool.
Volatility
KOLD vs. UNL - Volatility Comparison
ProShares UltraShort Bloomberg Natural Gas (KOLD) has a higher volatility of 34.73% compared to United States 12 Month Natural Gas Fund LP (UNL) at 13.58%. This indicates that KOLD's price experiences larger fluctuations and is considered to be riskier than UNL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.