BOIL Alternatives & Similar ETFs

ProShares Ultra Bloomberg Natural Gas (BOIL) belongs to the Leveraged Commodities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BOIL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to BOIL

BOIL charges 1.31% annually. There are 16 ETFs in the Leveraged Commodities category with lower expense ratios, going as low as 0.50%.

Symbol	Name	Expense Ratio	AUM	Inception
YGLD	Simplify Gold Strategy PLUS Income ETF	0.50%	43.90M	Dec 2024	BOIL vs YGLD
DZZ	DB Gold Double Short Exchange Traded Notes	0.75%	1.29M	Feb 2008	BOIL vs DZZ
DGP	DB Gold Double Long Exchange Traded Notes	0.75%	228.65M	Feb 2008	BOIL vs DGP
AGQ	ProShares Ultra Silver	0.93%	1.87B	Dec 2008	BOIL vs AGQ
KOLD	ProShares UltraShort Bloomberg Natural Gas	0.95%	185.77M	Oct 2011	BOIL vs KOLD

Best Risk-Adjusted Alternatives to BOIL

BOIL has a PortfoliosLab risk / return rank of 3. There are 11 ETFs in the Leveraged Commodities category with higher risk-adjusted ranks, going as high as 54.

Symbol	Name	Risk / Return Rank	AUM	Inception
UCO	ProShares Ultra Bloomberg Crude Oil	54	384.99M	Nov 2008	BOIL vs UCO
OILU	MicroSectors Oil & Gas Exploration & Production 3X...	52	33.55M	Mar 2017	BOIL vs OILU
AGQ	ProShares Ultra Silver	36	1.87B	Dec 2008	BOIL vs AGQ
DGP	DB Gold Double Long Exchange Traded Notes	30	228.65M	Feb 2008	BOIL vs DGP
UGL	ProShares Ultra Gold	27	854.04M	Dec 2008	BOIL vs UGL

Top Performing BOIL Alternatives (YTD)

BOIL is at -36.77% YTD. There are 12 ETFs in the Leveraged Commodities category with higher YTD returns, going as high as 149.12%.

Symbol	Name	YTD Return	AUM	Inception
UCO	ProShares Ultra Bloomberg Crude Oil	149.12%	384.99M	Nov 2008	BOIL vs UCO
OILU	MicroSectors Oil & Gas Exploration & Production 3X...	96.53%	33.55M	Mar 2017	BOIL vs OILU
WXET	Teucrium 2x Daily Wheat ETF	21.04%	9.15M	Dec 2024	BOIL vs WXET
DGP	DB Gold Double Long Exchange Traded Notes	1.01%	228.65M	Feb 2008	BOIL vs DGP
GLDW	Roundhill Gold WeeklyPay ETF	1.00%	23.42M	Oct 2025	BOIL vs GLDW

Lowest Volatility Alternatives to BOIL

BOIL has 113.64% 1-year volatility. There are 14 ETFs in the Leveraged Commodities category with lower 1-year volatility, going as low as 36.32%.

Symbol	Name	Volatility 1Y	AUM	Inception
CXRN	Teucrium 2x Daily Corn ETF	36.32%	4.25M	Dec 2024	BOIL vs CXRN
GLDW	Roundhill Gold WeeklyPay ETF	36.90%	23.42M	Oct 2025	BOIL vs GLDW
YGLD	Simplify Gold Strategy PLUS Income ETF	40.43%	43.90M	Dec 2024	BOIL vs YGLD
WXET	Teucrium 2x Daily Wheat ETF	50.13%	9.15M	Dec 2024	BOIL vs WXET
GLL	ProShares UltraShort Gold	52.38%	102.63M	Dec 2008	BOIL vs GLL

Lowest Drawdown Alternatives to BOIL

BOIL has a 1-year max drawdown of -80.85%. There are 14 ETFs in the Leveraged Commodities category with shallower 1-year drawdowns, going as shallow as -25.27%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CXRN	Teucrium 2x Daily Corn ETF	-25.27%	4.25M	Dec 2024	BOIL vs CXRN
OILU	MicroSectors Oil & Gas Exploration & Production 3X...	-33.51%	33.55M	Mar 2017	BOIL vs OILU
YGLD	Simplify Gold Strategy PLUS Income ETF	-34.23%	43.90M	Dec 2024	BOIL vs YGLD
UCO	ProShares Ultra Bloomberg Crude Oil	-34.77%	384.99M	Nov 2008	BOIL vs UCO
WXET	Teucrium 2x Daily Wheat ETF	-35.64%	9.15M	Dec 2024	BOIL vs WXET

Other ETFs from ProShares

The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 8 categories. AUM among these funds goes as high as $40B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TQQQ	ProShares UltraPro QQQ	Leveraged Equities	71	64.46%	39.77B	Feb 2010	BOIL vs TQQQ
BITO	ProShares Bitcoin Strategy ETF	Cryptocurrency	2	-26.37%	1.70B	Oct 2021	BOIL vs BITO
QLD	ProShares Ultra QQQ	Leveraged Equities	69	42.06%	14.46B	Jun 2006	BOIL vs QLD
UPRO	ProShares UltraPro S&P 500	Leveraged Equities, S&P 500	62	27.90%	5.55B	Jun 2009	BOIL vs UPRO
SSO	ProShares Ultra S&P500	Leveraged Equities, S&P 500	62	19.37%	8.38B	Jun 2006	BOIL vs SSO
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	Dividend, S&P 500, Large Cap Value Equities	22	3.51%	11.07B	Oct 2013	BOIL vs NOBL
USD	ProShares Ultra Semiconductors	Leveraged Equities, Semiconductors	90	114.00%	3.05B	Jan 2007	BOIL vs USD
SQQQ	ProShares UltraPro Short QQQ	Leveraged Equities	0	-45.27%	2.23B	Feb 2010	BOIL vs SQQQ
UVXY	ProShares Ultra VIX Short-Term Futures ETF	Volatility	1	-19.06%	398.99M	Oct 2011	BOIL vs UVXY
BITU	Proshares Ultra Bitcoin ETF	Cryptocurrency, Leveraged Cryptocurrency	2	-52.92%	446.55M	Apr 2024	BOIL vs BITU

Often Compared With BOIL

Investors most often compare BOIL with UNG, UNL, LNG. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
UNG	United States Natural Gas Fund LP	Oil & Gas	4	-4.49%	590.73M	Apr 2007	BOIL vs UNG
UNL	United States 12 Month Natural Gas Fund LP	Oil & Gas	3	-11.00%	10.81M	Nov 2009	BOIL vs UNL
LNG	Cheniere Energy, Inc.		34	21.68%	—	—	BOIL vs LNG
SCO	ProShares UltraShort Bloomberg Crude Oil	Leveraged Commodities	1	-68.52%	1.48B	Nov 2008	BOIL vs SCO
BNO	United States Brent Oil Fund LP	Oil & Gas	65	90.47%	95.54M	Jun 2010	BOIL vs BNO
ERX	Direxion Daily Energy Bull 2X Shares	Leveraged Equities	61	66.93%	271.48M	Apr 2020	BOIL vs ERX
^DJUSEN	Dow Jones U.S. Oil & Gas Index		68	29.88%	—	—	BOIL vs ^DJUSEN
CVNA	Carvana Co.		35	-24.59%	—	—	BOIL vs CVNA
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	BOIL vs SPY
DRIP	Direxion Daily S&P Oil & Gas Exploration & Product...	Leveraged Equities	1	-50.45%	151.61M	Apr 2020	BOIL vs DRIP
^XNG	NYSE Arca Natural Gas Index		49	18.38%	—	—	BOIL vs ^XNG
NGAS.L	WisdomTree Natural Gas ETF	Commodities	3	-11.49%	147.11M	Sep 2006	BOIL vs NGAS.L
FNGD	MicroSectors FANG+™ Index -3X Inverse Leveraged ET...	Leveraged Equities	1	-41.82%	60.09M	Jan 2018	BOIL vs FNGD
HIBL	Direxion Daily S&P 500 High Beta Bull 3X Shares	Leveraged Equities, S&P 500	89	96.27%	78.50M	Nov 2019	BOIL vs HIBL
NRGD	MicroSectors U.S. Big Oil Index -3X Inverse Levera...	Leveraged Equities	1	-70.71%	2.71M	Apr 2019	BOIL vs NRGD
SOCL	Global X Social Media ETF	Large Cap Growth Equities	9	-14.38%	93.03M	Nov 2011	BOIL vs SOCL
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	Inverse Equities	0	-59.50%	18.84M	Nov 2019	BOIL vs HIBS
AESI	Atlas Energy Solutions Inc		61	90.13%	—	—	BOIL vs AESI
^GSPC	S&P 500 Index		73	10.35%	—	—	BOIL vs ^GSPC
NKTR	Nektar Therapeutics		95	40.09%	—	—	BOIL vs NKTR

Compare BOIL with Any Fund or Stock

Compare BOIL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair BOIL with funds that move differently

ProShares Ultra Bloomberg Natural Gas alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BOIL.

Explore BOIL Diversifiers

ProShares Ultra Bloomberg Natural Gas (BOIL) Alternatives