ProShares Ultra Bloomberg Natural Gas (BOIL)
BOIL is an exchange-traded fund (ETF) managed by ProShares, a provider of ETFs that focus on alternative and leveraged investment strategies. The fund is designed to track the performance of the Dow Jones-UBS Natural Gas Subindex, a benchmark consisting of companies involved in the natural gas industry.
The main feature of BOIL is its leveraged exposure to the Dow Jones-UBS Natural Gas Subindex, which means that it aims to provide investors with returns that are two times (200%) the index's daily performance. This is achieved through the use of financial instruments such as futures contracts and options. As a result, BOIL is designed for investors looking for a high-risk, high-reward investment strategy and willing to accept significant volatility in their portfolio. However, it is essential to note that investing in leveraged funds can be very risky, as numerous factors can significantly impact the returns of these products. Therefore, BOIL may not be suitable for investors with a low-risk tolerance or a buy-and-hold investment strategy.
BOIL was launched on October 4, 2011, with an expense ratio of 1.31%, which is relatively high in contrast with other ETFs and mutual funds.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in ProShares Ultra Bloomberg Natural Gas in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $1 for a total return of roughly -99.99%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
ProShares Ultra Bloomberg Natural Gas had a return of -78.91% year-to-date (YTD) and -93.21% in the last 12 months. Over the past 10 years, ProShares Ultra Bloomberg Natural Gas had an annualized return of -54.62%, while the S&P 500 had an annualized return of 9.76%, indicating that ProShares Ultra Bloomberg Natural Gas did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -37.08% | 0.19% |
| Year-To-Date | -78.91% | 3.59% |
| 6 months | -93.44% | 7.70% |
| 1 year | -93.21% | -12.45% |
| 5 years (annualized) | -57.56% | 8.78% |
| 10 years (annualized) | -54.62% | 9.76% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -57.31% | -12.12% | ||||||||||
| 2022 | -48.09% | -22.53% | 6.21% | -59.73% |
Dividend History
ProShares Ultra Bloomberg Natural Gas doesn't pay dividends
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the ProShares Ultra Bloomberg Natural Gas. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the ProShares Ultra Bloomberg Natural Gas is 99.99%, recorded on Mar 27, 2023. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.99% | Oct 17, 2011 | 2879 | Mar 27, 2023 | — | — | — |
| -5.86% | Oct 7, 2011 | 1 | Oct 7, 2011 | 5 | Oct 14, 2011 | 6 |
Volatility Chart
Current ProShares Ultra Bloomberg Natural Gas volatility is 127.91%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.