ZNOV vs KOLD
Comparison between Innovator Equity Defined Protection ETF 1 Yr November (ZNOV, ETF) and ProShares UltraShort Bloomberg Natural Gas -2x Shares (KOLD, ETF).
ZNOV vs KOLD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ZNOV
$141M
KOLD
$141M
Expense Ratio
ZNOV
0.79%
KOLD
N/A
Max Drawdown
Winner
ZNOV
3.31%
KOLD
99.45%
Sharpe Ratio
Winner
ZNOV
1.15
KOLD
0.52
5Y Beta
ZNOV
0.16
Winner
KOLD
-0.06
ZNOV vs KOLD - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ZNOV
+0.52%
KOLD
-13.89%
3M
ZNOV
+2.04%
Winner
KOLD
+4.85%
6M
ZNOV
+2.65%
Winner
KOLD
+7.07%
1Y
Winner
ZNOV
+7.07%
KOLD
-4.38%
5Y(CAGR)
ZNOV
N/A
KOLD
-40.55%
10Y(CAGR)
ZNOV
N/A
KOLD
-26.03%
Max(CAGR)
Winner
ZNOV
+5.98%
KOLD
-13.35%
ZNOV vs KOLD - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | ZNOV | KOLD |
|---|---|---|
| 2026 | +2.44% | -40.29% |
| 2025 | +6.10% | -16.28% |
| 2024 | +0.76% | -6.65% |
| 2023 | N/A | +196.10% |
| 2022 | N/A | -87.90% |
| 2021 | N/A | -73.27% |
| 2020 | N/A | +17.02% |
| 2019 | N/A | +78.65% |
| 2018 | N/A | -44.23% |
| 2017 | N/A | +44.29% |
| 2016 | N/A | -52.07% |
| 2015 | N/A | +75.01% |
| 2014 | N/A | +22.91% |
| 2013 | N/A | -36.06% |
| 2012 | N/A | +7.38% |
| 2011 | N/A | +75.57% |
ZNOV vs KOLD Drawdown Comparison
The maximum drawdown for ZNOV was -3.31%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.
The maximum drawdown for KOLD was -99.45%, occurring on Aug 22, 2022. This drawdown has not yet recovered.
The current ZNOV drawdown is -0.44%. The current KOLD drawdown is -97.42%.
| Rank | ZNOV | KOLD |
|---|---|---|
| #1 | -3.31% Feb 19, 2025 - May 13, 2025 | -99.45% Jun 25, 2020 - Aug 22, 2022 |
| #2 | -1.64% Feb 10, 2026 - Apr 13, 2026 | -87.03% Mar 3, 2016 - Jun 25, 2020 |
| #3 | -0.98% Oct 31, 2025 - Dec 10, 2025 | -85.48% Apr 19, 2012 - Mar 3, 2016 |
| #4 | -0.59% Dec 26, 2024 - Jan 17, 2025 | -30.56% Jan 19, 2012 - Mar 6, 2012 |
| #5 | -0.54% Dec 11, 2025 - Dec 24, 2025 | -9.69% Nov 16, 2011 - Dec 7, 2011 |
| #6 | -0.53% Dec 6, 2024 - Dec 26, 2024 | -8.31% Mar 12, 2012 - Mar 26, 2012 |
| #7 | -0.53% May 16, 2025 - Jun 2, 2025 | -7.76% Dec 30, 2011 - Jan 10, 2012 |
| #8 | -0.50% Jan 9, 2026 - Jan 26, 2026 | -7.63% Oct 7, 2011 - Oct 26, 2011 |
| #9 | -0.50% Jan 26, 2026 - Feb 10, 2026 | -6.87% Oct 27, 2011 - Nov 2, 2011 |
| #10 | -0.44% Jun 4, 2026 - Jun 5, 2026 | -5.16% Mar 30, 2012 - Apr 5, 2012 |
| #11 | -0.41% Jul 28, 2025 - Aug 8, 2025 | -3.30% Dec 19, 2011 - Dec 23, 2011 |
| #12 | -0.40% Jun 30, 2025 - Jul 16, 2025 | -1.99% Dec 12, 2011 - Dec 14, 2011 |
| #13 | -0.39% Jan 24, 2025 - Feb 13, 2025 | -1.95% Apr 5, 2012 - Apr 10, 2012 |
| #14 | -0.36% Nov 7, 2024 - Nov 25, 2024 | -1.84% Dec 7, 2011 - Dec 9, 2011 |
| #15 | -0.34% Aug 18, 2025 - Aug 27, 2025 | -1.51% Nov 7, 2011 - Nov 9, 2011 |
Correlation
Correlation between ZNOV and KOLD is -0.42 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.42
-101
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