NG vs. KOLD
Compare and contrast key facts about NovaGold Resources Inc. (NG) and ProShares UltraShort Bloomberg Natural Gas (KOLD).
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: NG or KOLD.
Correlation
The correlation between NG and KOLD is -0.01. 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
NG vs. KOLD - Performance Comparison
Key characteristics
NG:
-0.16
KOLD:
0.06
NG:
0.16
KOLD:
0.83
NG:
1.02
KOLD:
1.09
NG:
-0.11
KOLD:
0.07
NG:
-0.44
KOLD:
0.24
NG:
21.52%
KOLD:
26.97%
NG:
57.24%
KOLD:
102.42%
NG:
-97.85%
KOLD:
-99.45%
NG:
-82.62%
KOLD:
-93.81%
Returns By Period
In the year-to-date period, NG achieves a -12.03% return, which is significantly lower than KOLD's 10.84% return. Over the past 10 years, NG has outperformed KOLD with an annualized return of 1.70%, while KOLD has yielded a comparatively lower -13.73% annualized return.
NG
-12.03%
-10.11%
-0.90%
-6.27%
-15.02%
1.70%
KOLD
10.84%
-19.96%
26.52%
-2.80%
-31.78%
-13.73%
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Risk-Adjusted Performance
NG vs. KOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG) and ProShares UltraShort Bloomberg Natural Gas (KOLD). 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
NG vs. KOLD - Dividend Comparison
Neither NG nor KOLD has paid dividends to shareholders.
Drawdowns
NG vs. KOLD - Drawdown Comparison
The maximum NG drawdown since its inception was -97.85%, roughly equal to the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for NG and KOLD. For additional features, visit the drawdowns tool.
Volatility
NG vs. KOLD - Volatility Comparison
The current volatility for NovaGold Resources Inc. (NG) is 15.78%, while ProShares UltraShort Bloomberg Natural Gas (KOLD) has a volatility of 33.77%. This indicates that NG experiences smaller price fluctuations and is considered to be less risky than KOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.