^XNG vs. KOLD
Compare and contrast key facts about NYSE Arca Natural Gas Index (^XNG) 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: ^XNG or KOLD.
Correlation
The correlation between ^XNG and KOLD is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^XNG vs. KOLD - Performance Comparison
Key characteristics
^XNG:
0.62
KOLD:
-0.50
^XNG:
0.91
KOLD:
-0.24
^XNG:
1.13
KOLD:
0.97
^XNG:
0.29
KOLD:
-0.55
^XNG:
2.93
KOLD:
-1.26
^XNG:
4.17%
KOLD:
43.09%
^XNG:
19.64%
KOLD:
108.00%
^XNG:
-84.52%
KOLD:
-99.45%
^XNG:
-31.07%
KOLD:
-96.52%
Returns By Period
In the year-to-date period, ^XNG achieves a 3.32% return, which is significantly higher than KOLD's -29.69% return. Over the past 10 years, ^XNG has outperformed KOLD with an annualized return of -1.60%, while KOLD has yielded a comparatively lower -21.10% annualized return.
^XNG
3.32%
-4.88%
6.64%
10.44%
23.76%
-1.60%
KOLD
-29.69%
32.91%
-54.00%
-57.81%
-42.64%
-21.10%
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Risk-Adjusted Performance
^XNG vs. KOLD — Risk-Adjusted Performance Rank
^XNG
KOLD
^XNG vs. KOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Natural Gas Index (^XNG) 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
^XNG vs. KOLD - Drawdown Comparison
The maximum ^XNG drawdown since its inception was -84.52%, smaller than the maximum KOLD drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for ^XNG and KOLD. For additional features, visit the drawdowns tool.
Volatility
^XNG vs. KOLD - Volatility Comparison
The current volatility for NYSE Arca Natural Gas Index (^XNG) is 12.94%, while ProShares UltraShort Bloomberg Natural Gas (KOLD) has a volatility of 34.73%. This indicates that ^XNG 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.