KOLD vs ZNOV

Comparison between ProShares UltraShort Bloomberg Natural Gas -2x Shares (KOLD, ETF) and Innovator Equity Defined Protection ETF 1 Yr November (ZNOV, ETF).

KOLD vs ZNOV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KOLD(ETF)	ZNOV(ETF)
Net Assets	$141M	$141M
Expense Ratio	N/A	0.79%
Max Drawdown	99.45%	3.31%
Sharpe Ratio	0.52	1.15
5Y Beta	-0.06	0.16

Net Assets

KOLD

$141M

Winner

ZNOV

$141M

Expense Ratio

KOLD

N/A

ZNOV

0.79%

Max Drawdown

KOLD

99.45%

Winner

ZNOV

3.31%

Sharpe Ratio

KOLD

0.52

Winner

ZNOV

1.15

5Y Beta

Winner

KOLD

-0.06

ZNOV

0.16

KOLD vs ZNOV - Historical Returns

Returns include dividend reinvestment.

Period	KOLD	ZNOV
1 month	-13.89%	+0.52%
3 months	+4.85%	+2.04%
6 months	+7.07%	+2.65%
1 year	-4.38%	+7.07%
5 years(CAGR)	-40.55%	N/A
10 years(CAGR)	-26.03%	N/A
Max(CAGR)	-13.35%	+5.98%

KOLD

-13.89%

Winner

ZNOV

+0.52%

Winner

KOLD

+4.85%

ZNOV

+2.04%

Winner

KOLD

+7.07%

ZNOV

+2.65%

KOLD

-4.38%

Winner

ZNOV

+7.07%

5Y(CAGR)

KOLD

-40.55%

ZNOV

N/A

10Y(CAGR)

KOLD

-26.03%

ZNOV

N/A

Max(CAGR)

KOLD

-13.35%

Winner

ZNOV

+5.98%

KOLD vs ZNOV - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	KOLD	ZNOV
2026	-40.29%	+2.44%
2025	-16.28%	+6.10%
2024	-6.65%	+0.76%
2023	+196.10%	N/A
2022	-87.90%	N/A
2021	-73.27%	N/A
2020	+17.02%	N/A
2019	+78.65%	N/A
2018	-44.23%	N/A
2017	+44.29%	N/A
2016	-52.07%	N/A
2015	+75.01%	N/A
2014	+22.91%	N/A
2013	-36.06%	N/A
2012	+7.38%	N/A
2011	+75.57%	N/A

KOLD vs ZNOV Drawdown Comparison

The maximum drawdown for KOLD was -99.45%, occurring on Aug 22, 2022. This drawdown has not yet recovered.

The maximum drawdown for ZNOV was -3.31%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.

The current KOLD drawdown is -97.42%. The current ZNOV drawdown is -0.44%.

Rank	KOLD	ZNOV
#1	-99.45% Jun 25, 2020 - Aug 22, 2022	-3.31% Feb 19, 2025 - May 13, 2025
#2	-87.03% Mar 3, 2016 - Jun 25, 2020	-1.64% Feb 10, 2026 - Apr 13, 2026
#3	-85.48% Apr 19, 2012 - Mar 3, 2016	-0.98% Oct 31, 2025 - Dec 10, 2025
#4	-30.56% Jan 19, 2012 - Mar 6, 2012	-0.59% Dec 26, 2024 - Jan 17, 2025
#5	-9.69% Nov 16, 2011 - Dec 7, 2011	-0.54% Dec 11, 2025 - Dec 24, 2025
#6	-8.31% Mar 12, 2012 - Mar 26, 2012	-0.53% Dec 6, 2024 - Dec 26, 2024
#7	-7.76% Dec 30, 2011 - Jan 10, 2012	-0.53% May 16, 2025 - Jun 2, 2025
#8	-7.63% Oct 7, 2011 - Oct 26, 2011	-0.50% Jan 9, 2026 - Jan 26, 2026
#9	-6.87% Oct 27, 2011 - Nov 2, 2011	-0.50% Jan 26, 2026 - Feb 10, 2026
#10	-5.16% Mar 30, 2012 - Apr 5, 2012	-0.44% Jun 4, 2026 - Jun 5, 2026
#11	-3.30% Dec 19, 2011 - Dec 23, 2011	-0.41% Jul 28, 2025 - Aug 8, 2025
#12	-1.99% Dec 12, 2011 - Dec 14, 2011	-0.40% Jun 30, 2025 - Jul 16, 2025
#13	-1.95% Apr 5, 2012 - Apr 10, 2012	-0.39% Jan 24, 2025 - Feb 13, 2025
#14	-1.84% Dec 7, 2011 - Dec 9, 2011	-0.36% Nov 7, 2024 - Nov 25, 2024
#15	-1.51% Nov 7, 2011 - Nov 9, 2011	-0.34% Aug 18, 2025 - Aug 27, 2025

Correlation

Correlation between KOLD and ZNOV is -0.42 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.42

-101