ProShares UltraShort Bloomberg Natural Gas (KOLD) — Stock Correlations & Overview
Over the past year, KOLD has moved most closely with SWZ, DRIP, TBBK. Explore the stocks most correlated and inversely correlated with KOLD below, along with its price, financials, and company profile.
Stocks correlated with KOLD
Correlation of daily returns. Higher positive values move with KOLD; negative values move opposite it. Informational only, not investment advice.
Most correlated with KOLD
| Symbol | Company | Correlation |
|---|---|---|
| SWZ | Total Return Securities Fund | 0.32 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | 0.29 |
| TBBK | The Bancorp Inc.NATIONAL COMMERCIAL BANKS | 0.29 |
| WTMF | WisdomTree Managed Futures Strategy Fund | 0.28 |
| NCLH | Norwegian Cruise Line Holdings Ltd. Ordinary SharesWATER TRANSPORTATION | 0.28 |
Most inversely correlated with KOLD
| Symbol | Company | Correlation |
|---|---|---|
| UNG | United States Natural Gas Fund, LP UnitCOMMODITY CONTRACTS BROKERS & DEALERS | -0.97 |
| BOIL | ProShares Ultra Bloomberg Natural GasCOMMODITY CONTRACTS BROKERS & DEALERS | -0.95 |
| UNL | United States 12 Month Natural Gas Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.93 |
| EXE | Expand Energy Corporation Common StockCRUDE PETROLEUM & NATURAL GAS | -0.58 |
| EQT | EQT CORPCRUDE PETROLEUM & NATURAL GAS | -0.52 |
Frequently asked questions about KOLD correlations
- Which stocks are most correlated with KOLD?
- Based on one year of daily returns, the stocks most correlated with ProShares UltraShort Bloomberg Natural Gas (KOLD) are SWZ (0.32), DRIP (0.29) and TBBK (0.29). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with KOLD?
- Over the past year, the stocks most inversely correlated with ProShares UltraShort Bloomberg Natural Gas (KOLD) are UNG (-0.97), BOIL (-0.95) and UNL (-0.93). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these KOLD correlations calculated?
- We compute the correlation of daily returns between KOLD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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