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.
ETF Info
| ISIN | US74347Y7067 |
|---|---|
| CUSIP | 74347Y706 |
| Issuer | ProShares |
| Inception Date | Oct 4, 2011 |
| Category | Leveraged Commodities, Leveraged |
| Leveraged | 2x |
| Index Tracked | Dow Jones-UBS Natural Gas Subindex (200%) |
| Home Page | proshares.com |
| Asset Class | Commodity |
Expense Ratio
BOIL has a high expense ratio of 1.31%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BOIL vs. KOLD, BOIL vs. UNG, BOIL vs. ^DJUSEN, BOIL vs. LNG, BOIL vs. BNO, BOIL vs. XLE, BOIL vs. ^GSPC, BOIL vs. SPY, BOIL vs. ERX, BOIL vs. SCO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Ultra Bloomberg Natural Gas, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares Ultra Bloomberg Natural Gas had a return of -66.95% year-to-date (YTD) and -83.33% in the last 12 months. Over the past 10 years, ProShares Ultra Bloomberg Natural Gas had an annualized return of -61.57%, while the S&P 500 had an annualized return of 10.88%, indicating that ProShares Ultra Bloomberg Natural Gas did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -66.95% | 18.13% |
| 1 month | -2.29% | 1.45% |
| 6 months | -36.74% | 8.81% |
| 1 year | -83.33% | 26.52% |
| 5 years (annualized) | -68.89% | 13.43% |
| 10 years (annualized) | -61.57% | 10.88% |
Monthly Returns
The table below presents the monthly returns of BOIL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -18.78% | -26.36% | -24.40% | 3.89% | 21.33% | -3.33% | -39.76% | -8.16% | -66.95% | ||||
| 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% |
| 2020 | -27.46% | -20.17% | -11.80% | 19.83% | -29.75% | -20.91% | -1.45% | 69.12% | -26.74% | 23.53% | -30.48% | -29.16% | -74.74% |
| 2019 | -6.12% | -5.90% | -10.48% | -10.82% | -12.41% | -12.73% | -5.17% | -2.58% | 0.08% | 3.26% | -29.04% | -11.56% | -67.70% |
| 2018 | 3.54% | -20.21% | 2.53% | -2.11% | 10.91% | -2.07% | -8.23% | 8.64% | 3.74% | 13.91% | 73.55% | -56.85% | -20.55% |
| 2017 | -29.85% | -25.11% | 23.19% | 0.41% | -16.56% | -5.25% | -14.07% | 10.99% | -5.27% | -17.05% | -0.82% | -10.22% | -65.72% |
| 2016 | -5.19% | -47.32% | 17.88% | 12.68% | -2.94% | 48.32% | -5.04% | -7.70% | -5.75% | -1.99% | 8.54% | 22.24% | 2.60% |
| 2015 | -19.52% | -1.02% | -9.39% | 0.97% | -9.87% | 9.02% | -8.41% | -6.71% | -16.65% | -26.06% | -21.18% | -1.49% | -70.72% |
| 2014 | 29.35% | -3.37% | -7.70% | 17.87% | -11.40% | -4.88% | -25.72% | 9.57% | -1.20% | -15.97% | 8.38% | -52.14% | -59.83% |
| 2013 | -3.39% | 2.44% | 28.62% | 13.77% | -18.51% | -21.70% | -8.11% | 5.31% | -8.29% | -7.99% | 14.12% | 16.25% | 0.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BOIL is 1, indicating that it is in the bottom 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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.
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 Aug 5, 2024. The portfolio has not yet recovered.
The current ProShares Ultra Bloomberg Natural Gas drawdown is 100.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -100% | Oct 17, 2011 | 3220 | Aug 5, 2024 | — | — | — |
| -5.86% | Oct 7, 2011 | 1 | Oct 7, 2011 | 5 | Oct 14, 2011 | 6 |
Volatility
Volatility Chart
The current ProShares Ultra Bloomberg Natural Gas volatility is 18.58%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.