NGAS.L vs. KOLD
Compare and contrast key facts about WisdomTree Natural Gas ETF (NGAS.L) and ProShares UltraShort Bloomberg Natural Gas (KOLD).
NGAS.L and KOLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NGAS.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Natural Gas Sub Total Return Index. It was launched on Sep 22, 2006. 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. Both NGAS.L and KOLD 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: NGAS.L or KOLD.
Key characteristics
| NGAS.L | KOLD | |
|---|---|---|
| YTD Return | -40.17% | 54.51% |
| 1Y Return | -54.34% | 155.73% |
| 3Y Return (Ann) | -43.40% | -2.24% |
| 5Y Return (Ann) | -32.12% | -22.75% |
| 10Y Return (Ann) | -29.48% | -6.03% |
| Sharpe Ratio | -1.14 | 1.52 |
| Sortino Ratio | -1.90 | 2.10 |
| Omega Ratio | 0.80 | 1.25 |
| Calmar Ratio | -0.53 | 1.57 |
| Martin Ratio | -1.38 | 5.86 |
| Ulcer Index | 38.11% | 25.86% |
| Daily Std Dev | 46.14% | 99.67% |
| Max Drawdown | -99.89% | -99.45% |
| Current Drawdown | -99.89% | -91.37% |
Correlation
The correlation between NGAS.L and KOLD is -0.67. 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
NGAS.L vs. KOLD - Performance Comparison
In the year-to-date period, NGAS.L achieves a -40.17% return, which is significantly lower than KOLD's 54.51% return. Over the past 10 years, NGAS.L has underperformed KOLD with an annualized return of -29.48%, while KOLD has yielded a comparatively higher -6.03% 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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NGAS.L vs. KOLD - Expense Ratio Comparison
NGAS.L has a 0.49% expense ratio, which is lower than KOLD's 0.95% expense ratio.
Risk-Adjusted Performance
NGAS.L vs. KOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Natural Gas ETF (NGAS.L) 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
NGAS.L vs. KOLD - Dividend Comparison
Neither NGAS.L nor KOLD has paid dividends to shareholders.
Drawdowns
NGAS.L vs. KOLD - Drawdown Comparison
The maximum NGAS.L drawdown since its inception was -99.89%, roughly equal to the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for NGAS.L and KOLD. For additional features, visit the drawdowns tool.
Volatility
NGAS.L vs. KOLD - Volatility Comparison
The current volatility for WisdomTree Natural Gas ETF (NGAS.L) is 11.28%, while ProShares UltraShort Bloomberg Natural Gas (KOLD) has a volatility of 30.50%. This indicates that NGAS.L 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.