KOLD vs. YGLD

Last updated Jun 3, 2026

KOLD (ProShares UltraShort Bloomberg Natural Gas) and YGLD (Simplify Gold Strategy PLUS Income ETF) are both exchange-traded funds - KOLD is a Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex (TR) (200%), while YGLD is a Gold fund actively managed by Simplify. KOLD is passively managed, while YGLD is actively managed. Over the past year, KOLD returned 1.67% vs 23.36% for YGLD. At a correlation of -0.02, they often move in opposite directions. KOLD charges 0.95%/yr vs 0.50%/yr for YGLD.

Performance

KOLD vs. YGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Bloomberg Natural Gas (KOLD) and Simplify Gold Strategy PLUS Income ETF (YGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KOLD achieves a -34.34% return, which is significantly lower than YGLD's -5.98% return.

KOLD

• 1D: 1.05%
• 1M: -9.50%
• YTD: -34.34%
• 6M: -7.88%
• 1Y: 1.67%
• 3Y*: -19.53%
• 5Y*: -40.39%
• 10Y*: -26.16%

YGLD

• 1D: 0.11%
• 1M: -3.77%
• YTD: -5.98%
• 6M: -6.00%
• 1Y: 23.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KOLD vs. YGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KOLD ProShares UltraShort Bloomberg Natural Gas	-34.34%	-17.48%	-38.29%
YGLD Simplify Gold Strategy PLUS Income ETF	-5.98%	96.82%	-4.17%

Correlation

The correlation between KOLD and YGLD is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	-0.02

Return for Risk

KOLD vs. YGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KOLD

KOLD Risk / Return Rank: 11
KOLD Sharpe Ratio Rank: 9
KOLD Sortino Ratio Rank: 17
KOLD Omega Ratio Rank: 18
KOLD Calmar Ratio Rank: 7
KOLD Martin Ratio Rank: 7

YGLD

YGLD Risk / Return Rank: 19
YGLD Sharpe Ratio Rank: 18
YGLD Sortino Ratio Rank: 19
YGLD Omega Ratio Rank: 21
YGLD Calmar Ratio Rank: 19
YGLD Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KOLD vs. YGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Natural Gas (KOLD) and Simplify Gold Strategy PLUS Income ETF (YGLD). 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	YGLD	Difference
Sharpe ratio Return per unit of total volatility	0.01	0.58	-0.57
Sortino ratio Return per unit of downside risk	0.87	0.97	-0.10
Omega ratio Gain probability vs. loss probability	1.11	1.14	-0.03
Calmar ratio Return relative to maximum drawdown	-0.18	0.83	-1.01
Martin ratio Return relative to average drawdown	-0.37	1.93	-2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KOLD vs. YGLD - Sharpe Ratio Comparison

The current KOLD Sharpe Ratio is 0.01, which is lower than the YGLD Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of KOLD and YGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KOLD	YGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	0.58	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	1.21	-1.35

Drawdowns

KOLD vs. YGLD - Drawdown Comparison

The maximum KOLD drawdown since its inception was -99.45%, which is greater than YGLD's maximum drawdown of -34.23%. Use the drawdown chart below to compare losses from any high point for KOLD and YGLD.

Drawdown Indicators

	KOLD	YGLD	Difference
Max Drawdown Largest peak-to-trough decline	-99.45%	-34.23%	-65.22%
Max Drawdown (1Y) Largest decline over 1 year	-72.50%	-34.23%	-38.27%
Max Drawdown (3Y) Largest decline over 3 years	-84.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-98.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.45%	—	—
Current Drawdown Current decline from peak	-97.32%	-32.15%	-65.17%
Average Drawdown Average peak-to-trough decline	-69.48%	-7.84%	-61.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.85%	14.71%	+21.14%

Volatility

KOLD vs. YGLD - Volatility Comparison

ProShares UltraShort Bloomberg Natural Gas (KOLD) has a higher volatility of 24.65% compared to Simplify Gold Strategy PLUS Income ETF (YGLD) at 9.06%. This indicates that KOLD's price experiences larger fluctuations and is considered to be riskier than YGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KOLD	YGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.65%	9.06%	+15.59%
Volatility (6M) Calculated over the trailing 6-month period	99.52%	34.66%	+64.86%
Volatility (1Y) Calculated over the trailing 1-year period	114.40%	40.60%	+73.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.74%	39.13%	+79.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.77%	39.13%	+62.64%

KOLD vs. YGLD - Expense Ratio Comparison

KOLD has a 0.95% expense ratio, which is higher than YGLD's 0.50% expense ratio.

Dividends

KOLD vs. YGLD - Dividend Comparison

KOLD has not paid dividends to shareholders, while YGLD's dividend yield for the trailing twelve months is around 18.97%.

Position	TTM	2025
KOLD ProShares UltraShort Bloomberg Natural Gas	0.00%	0.00%
YGLD Simplify Gold Strategy PLUS Income ETF	18.97%	12.05%

Frequently Asked Questions

Can I hold both KOLD and YGLD in my portfolio?

KOLD and YGLD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KOLD or YGLD?

KOLD has higher volatility (24.65%) compared to YGLD (9.06%). In terms of maximum drawdown, KOLD dropped -99.45% vs YGLD's -34.23%.

Which ETF is better, KOLD or YGLD?

On 1-year performance, YGLD leads with 23.36% vs 1.67% for KOLD. On fees, YGLD is cheaper at 0.50% per year. On volatility, YGLD has been the lower-risk option at 9.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KOLD or YGLD?

Over the 1-year period, YGLD has performed better with a 23.36% return vs 1.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KOLD or YGLD?

YGLD is cheaper with a 0.50% expense ratio, compared with 0.95% for KOLD.

Which ETF pays a higher dividend yield, KOLD or YGLD?

YGLD has the higher dividend yield at 18.97%, compared with 0.00% for KOLD.

What is the main difference between KOLD and YGLD?

KOLD is categorized as Leveraged Commodities, while YGLD is Gold. They also come from different issuers: ProShares and Simplify. Their fees differ too: 0.95% for KOLD and 0.50% for YGLD.

Which has better risk-adjusted returns?

YGLD currently has the higher Sharpe Ratio (0.58 vs 0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.