^GSPC vs. KOLD
Compare and contrast key facts about S&P 500 (^GSPC) 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: ^GSPC or KOLD.
Key characteristics
| ^GSPC | KOLD | |
|---|---|---|
| YTD Return | 6.92% | 52.78% |
| 1Y Return | 23.33% | 107.29% |
| 3Y Return (Ann) | 6.81% | -39.38% |
| 5Y Return (Ann) | 11.66% | -21.43% |
| 10Y Return (Ann) | 10.52% | -4.69% |
| Sharpe Ratio | 2.19 | 1.06 |
| Daily Std Dev | 11.75% | 96.01% |
| Max Drawdown | -56.78% | -99.45% |
| Current Drawdown | -2.94% | -91.46% |
Correlation
The correlation between ^GSPC and KOLD is -0.05. 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
^GSPC vs. KOLD - Performance Comparison
In the year-to-date period, ^GSPC achieves a 6.92% return, which is significantly lower than KOLD's 52.78% return. Over the past 10 years, ^GSPC has outperformed KOLD with an annualized return of 10.52%, while KOLD has yielded a comparatively lower -4.69% 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
^GSPC vs. KOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) 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.
Drawdowns
^GSPC vs. KOLD - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for ^GSPC and KOLD. For additional features, visit the drawdowns tool.
Volatility
^GSPC vs. KOLD - Volatility Comparison
The current volatility for S&P 500 (^GSPC) is 3.65%, while ProShares UltraShort Bloomberg Natural Gas (KOLD) has a volatility of 23.43%. This indicates that ^GSPC 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.