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KOLD ETF — ProShares UltraShort Bloomberg Natural Gas
ProShares UltraShort Bloomberg Natural Gas (KOLD)
Updated October 16, 2026.
KOLD is an ETF. its expense ratio is 1.43%. Total return is -85.1% over the past 15 years, 835.9 points behind SPY at 750.8%.
ProShares UltraShort Bloomberg Natural Gas is an ETF that seeks to deliver the inverse of two times the daily performance of natural gas futures, using futures contracts and potentially swaps to implement its strategy. The fund does not distribute income to shareholders and carries an expense ratio of 1.43%. It appeals to traders and tactical investors seeking short-term bearish exposure to natural gas prices rather than to income-focused investors.
KOLD holdings and sector exposure
Holdings are not available for this snapshot.
KOLD performance versus SPY
Price and return data through 2026-10-16.
Total return is -85.1% over the past 15 years, 835.9 points behind SPY at 750.8%. Over the past year its total return — price change plus distributions reinvested — is -33.3%. Its deepest 1-year drawdown was 72.5%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -7.7% | — |
| 3M | -2.3% | — |
| 6M | 6.1% | — |
| YTD | -23.3% | — |
| 1Y | -33.3% | — |
| 2Y CAGR | — | -39.80% |
| 3Y CAGR | — | 3.50% |
| 5Y CAGR | — | -18.30% |
| 10Y CAGR | — | -20.70% |
| Since inception (15 years) | -85.1% | -11.90% |
KOLD key facts
- Issuer
- ProShares
- Asset type
- ETF
- Asset class
- Commodity
- Inception date
- 10/04/2011
- Expense ratio
- 1.43%
- Distribution frequency
- None
- Last close
- $27.06 (as of 2026-10-16)
- AUM
- $141,250,686
- Average volume
- 3740072.0
- Beta
- -2.81
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
KOLD risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 72.5%.
Who may consider KOLD — and who may not
It is a weaker fit for investors who need monthly cash flow (KOLD does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on KOLD
Frequently asked questions
Does KOLD pay monthly?
No. KOLD does not currently distribute.
What is KOLD's expense ratio?
KOLD's expense ratio is 1.43%.
When does KOLD pay a dividend?
KOLD does not currently distribute.
How has KOLD performed?
Total return is -85.1% over the past 15 years, 835.9 points behind SPY at 750.8%. Over the past year its total return — price change plus distributions reinvested — is -33.3%. Its deepest 1-year drawdown was 72.5%.
More securities from ProShares.
Tickers
Holdings as-of date unavailable.
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