- ISIN
- US74347Y7067
- CUSIP
- 74347Y706
- Issuer
- ProShares
- Inception Date
- Oct 4, 2011
- Category
- Leveraged Commodities
- Leveraged
- 2x
- Index Tracked
- Bloomberg Natural Gas Subindex
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $419M
Share Price Chart
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Performance
BOIL Performance Chart
ProShares Ultra Bloomberg Natural Gas (BOIL) is down 37.5% since the beginning of the year. BOIL is currently trading at $29 per share. Investors who bought $1,000 worth of BOIL shares 5 years ago would now be looking at an investment worth $5.
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Returns By Period
ProShares Ultra Bloomberg Natural Gas (BOIL) has returned -37.51% so far this year and -73.78% over the past 12 months.
ProShares Ultra Bloomberg Natural Gas
- 1D
- -7.44%
- 1M
- 13.66%
- YTD
- -37.51%
- 6M
- -67.19%
- 1Y
- -73.78%
- 3Y*
- -61.76%
- 5Y*
- -64.71%
- 10Y*
- -57.27%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BOIL Monthly Returns History
Based on dividend-adjusted daily data since Oct 6, 2011, BOIL's average daily return is -0.16%, while the average monthly return is -3.18%.
Historically, 37% of months were positive and 63% were negative. The best month was Jul 2022 with a return of +109.1%, while the worst month was Dec 2022 at -59.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 9 months.
On a daily basis, BOIL closed higher 48% of trading days. The best single day was Nov 14, 2018 with a return of +38.9%, while the worst single day was Feb 2, 2026 at -50.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 77.60% | -59.58% | -1.95% | -19.60% | 15.86% | -4.70% | -37.51% | ||||||
| 2025 | -7.06% | 50.81% | 9.61% | -35.16% | -12.41% | -5.40% | -22.37% | -14.79% | -1.61% | 0.33% | 18.44% | -35.75% | -58.98% |
| 2024 | -18.78% | -26.36% | -24.40% | 3.89% | 21.33% | -3.33% | -39.76% | -8.16% | 33.79% | -35.60% | 22.86% | 21.64% | -60.75% |
| 2023 | -57.31% | -12.12% | -45.88% | -6.37% | -24.26% | 34.75% | -9.67% | 0.48% | -13.16% | 26.63% | -47.34% | -21.57% | -92.00% |
| 2022 | 76.20% | -23.32% | 59.74% | 56.63% | 17.35% | -59.32% | 109.10% | 17.44% | -48.09% | -22.53% | 6.21% | -59.73% | -31.85% |
| 2021 | 1.58% | 15.98% | -14.59% | 15.19% | 0.20% | 51.90% | 10.68% | 21.00% | 65.33% | -19.14% | -37.19% | -37.58% | 23.84% |
Benchmark Metrics
ProShares Ultra Bloomberg Natural Gas has an annualized alpha of -27.46%, beta of -1.74, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since October 07, 2011.
- This ETF participated in 425.90% of S&P 500 Index downside but only 5.26% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -1.74 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -27.46%
- Beta
- -1.74
- R²
- 0.03
- Upside Capture
- 5.26%
- Downside Capture
- 425.90%
Expense Ratio
BOIL has a high expense ratio of 1.31%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BOIL ranks 3 for risk / return — in the bottom 3% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and compare them to S&P 500 Index.
| BOIL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | — | — |
| Martin ratioReturn relative to average drawdown | -1.24 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra Bloomberg Natural Gas. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra Bloomberg Natural Gas was 100.00%, occurring on Apr 29, 2026. The portfolio has not yet recovered.
The current ProShares Ultra Bloomberg Natural Gas drawdown is 100.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -100.00%Apr 2026 | 14y 6mo | — | 14y 7moOct 2011 - now |
2011 pullback2011 | -5.86%Oct 2011 | 0s | 7d | 7dOct 2011 - Oct 2011 |
Drawdown Indicators
| BOIL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -9.10% | -90.90% |
Max Drawdown (1Y)Largest decline over 1 year | -80.85% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -96.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -2.97% | -97.03% |
Average DrawdownAverage peak-to-trough decline | -93.59% | -1.13% | -92.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.59% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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