Chinese demand for coal is expected to double by 2030, according to Creamer’s Mining Weekly. Statistics like that may provide something to look forward for KOL investors in the future, but right now, the ETF is languishing as coal prices slide. Australian coal prices, the global benchmark are off 8% year-to-date and have lost $130 per ton in two years.

Peabody even expects that although natural gas prices remain depressed, U.S. utilities will boost coal consumption. Yet, despite all those compelling factoids, picking a bottom in KOL is becoming more difficult.

Market Vectors Coal ETF

ETF Trends editorial team contributed to this report.