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ProShares UltraShort Bloomberg Natural Gas(KOLD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for KOLD
11/06/2026: KOLD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
KOLD is a leveraged ETF designed to provide daily -2x exposure to the Bloomberg Natural Gas Subindex. It is a powerful tool for tactical traders aiming to profit from short-term declines in natural gas prices, favored for its high liquidity and ease of access. However, investors must be aware that the fund suffers from daily compounding decay, making it inherently risky for holding periods exceeding one day. It is best suited for experienced traders who can actively manage risks and monitor the volatile natural gas market closely. It should not be used as a core holding in a long-term portfolio.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is designed for short-term tactical hedging or speculation, not long-term growth. |
| Momentum investor | Strong fit while signal remains positive | Active traders may use this to capitalize on short-term downtrends in natural gas prices. |
| Value investor | Weak fit | The structural decay of leveraged products is antithetical to value investing principles. |
| Dividend/Income investor | Weak fit | This product does not provide yield and is intended for speculative price movement. |
| Low-risk investor | Weak fit | The high leverage and volatility make this unsuitable for low-risk portfolios. |
Investor Profile
Ideal Investor Profile
Sophisticated, active traders and institutions with a high risk tolerance.
Suitability
Strictly for active traders; not suitable for buy-and-hold investors due to rebalancing decay.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The daily 2x leverage multiplier significantly magnifies price swings. |
| Market risk | High | Natural gas is a highly sensitive commodity affected by unpredictable environmental and political factors. |
| Concentration | High | The fund is entirely focused on a single commodity sector. |
| Tracking/expense | High | Daily rebalancing and compounding lead to significant tracking error over multi-day periods. |
| Liquidity | Low | While liquid, market conditions can lead to sudden gaps in price discovery. |
| Business/sector quality | High | The underlying asset is prone to cyclical booms and busts. |
Risk Analysis
Volatility
KOLD is characterized by extremely high historical volatility due to the nature of the natural gas market and the 2x leverage factor.
Market Risk
The fund is exposed to extreme price risk associated with natural gas futures, which are sensitive to weather and global trade dynamics.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Bloomberg Natural Gas Subindex (seeks -2x daily inverse return) | 100 | The fund uses swap agreements to provide a daily return that is inversely proportional to changes in natural gas prices. |
Analysis of Past Performance
Type ETF | Historic Profit -70.09% | Avg. Invested days 16 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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