# KOLD (ProShares UltraShort Bloomberg Natural Gas)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

KOLD aims to return -2 times Bloomberg Natural Gas's move each day, then resets. Over one day it does that.

## Key facts

- KOLD, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- KOLD, underlying: Bloomberg Natural Gas (no investable tracker), as of Sep 11, 2026.
- KOLD, sets out to return: -2 times the daily move of Bloomberg Natural Gas, reset daily, as of Sep 11, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of Bloomberg Natural Gas, reset daily | ETFIQ |
| Underlying | Bloomberg Natural Gas (no investable tracker) | ETFIQ |
| Segment | asset class, commodity | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Oct 6, 2011 | ETFIQ |

## Questions

### Why does KOLD not return -2 times over a year?

Because it resets daily. KOLD aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, KOLD, data as of Sep 11, 2026. https://etfiq.com/funds/KOLD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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