^DJUSEN vs. BOIL

Last updated Jun 4, 2026

^DJUSEN (Dow Jones U.S. Oil & Gas Index) is an index, while BOIL (ProShares Ultra Bloomberg Natural Gas) is Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex. Over the past 10 years, ^DJUSEN returned 5.87%/yr vs -56.95%/yr for BOIL. At a 0.15 correlation, their price movements are largely independent.

Performance

^DJUSEN vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dow Jones U.S. Oil & Gas Index (^DJUSEN) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^DJUSEN achieves a 29.88% return, which is significantly higher than BOIL's -36.77% return. Over the past 10 years, ^DJUSEN has outperformed BOIL with an annualized return of 5.87%, while BOIL has yielded a comparatively lower -56.95% annualized return.

^DJUSEN

• 1D: 1.29%
• 1M: -1.71%
• YTD: 29.88%
• 6M: 27.71%
• 1Y: 40.39%
• 3Y*: 14.04%
• 5Y*: 16.45%
• 10Y*: 5.87%

BOIL

• 1D: 4.32%
• 1M: 4.62%
• YTD: -36.77%
• 6M: -62.98%
• 1Y: -74.31%
• 3Y*: -60.61%
• 5Y*: -64.63%
• 10Y*: -56.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

^DJUSEN vs. BOIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^DJUSEN Dow Jones U.S. Oil & Gas Index	29.88%	4.71%	3.58%	-4.37%	56.42%	47.58%	-36.74%	6.42%	-21.15%	-4.21%
BOIL ProShares Ultra Bloomberg Natural Gas	-36.77%	-58.98%	-60.75%	-92.00%	-31.85%	23.84%	-74.74%	-67.70%	-20.55%	-65.72%

Correlation

The correlation between ^DJUSEN and BOIL is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Oct 7, 2011	0.15

Return for Risk

^DJUSEN vs. BOIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^DJUSEN

^DJUSEN Risk / Return Rank: 68
^DJUSEN Sharpe Ratio Rank: 70
^DJUSEN Sortino Ratio Rank: 65
^DJUSEN Omega Ratio Rank: 64
^DJUSEN Calmar Ratio Rank: 81
^DJUSEN Martin Ratio Rank: 61

BOIL

BOIL Risk / Return Rank: 3
BOIL Sharpe Ratio Rank: 3
BOIL Sortino Ratio Rank: 4
BOIL Omega Ratio Rank: 3
BOIL Calmar Ratio Rank: 1
BOIL Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^DJUSEN vs. BOIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Oil & Gas Index (^DJUSEN) and ProShares Ultra Bloomberg Natural Gas (BOIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^DJUSEN	BOIL	Difference
Sharpe ratio: Return per unit of total volatility	2.00	-0.66	+2.66
Sortino ratio: Return per unit of downside risk	2.60	-0.78	+3.38
Omega ratio: Gain probability vs. loss probability	1.32	0.90	+0.42
Calmar ratio: Return relative to maximum drawdown	3.32	-0.92	+4.24
Martin ratio: Return relative to average drawdown	9.45	-1.26	+10.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^DJUSEN vs. BOIL - Sharpe Ratio Comparison

The current ^DJUSEN Sharpe Ratio is 2.00, which is higher than the BOIL Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of ^DJUSEN and BOIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^DJUSEN	BOIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	-0.66	+2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	-0.55	+1.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	-0.56	+0.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	-0.61	+0.82

Drawdowns

^DJUSEN vs. BOIL - Drawdown Comparison

The maximum ^DJUSEN drawdown since its inception was -77.35%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ^DJUSEN and BOIL.

Drawdown Indicators

	^DJUSEN	BOIL	Difference
Max Drawdown Largest peak-to-trough decline	-77.35%	-100.00%	+22.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	-80.85%	+68.61%
Max Drawdown (3Y) Largest decline over 3 years	-20.99%	-96.86%	+75.87%
Max Drawdown (5Y) Largest decline over 5 years	-25.73%	-99.91%	+74.18%
Max Drawdown (10Y) Largest decline over 10 years	-70.18%	-99.99%	+29.81%
Current Drawdown Current decline from peak	-7.00%	-100.00%	+93.00%
Average Drawdown Average peak-to-trough decline	-22.80%	-93.59%	+70.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	59.20%	-54.91%

Volatility

^DJUSEN vs. BOIL - Volatility Comparison

The current volatility for Dow Jones U.S. Oil & Gas Index (^DJUSEN) is 7.99%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.95%. This indicates that ^DJUSEN experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^DJUSEN	BOIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	23.95%	-15.96%
Volatility (6M) Calculated over the trailing 6-month period	16.44%	107.61%	-91.17%
Volatility (1Y) Calculated over the trailing 1-year period	20.30%	113.64%	-93.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.76%	118.89%	-93.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.46%	101.81%	-71.35%

Frequently Asked Questions

Can I hold both ^DJUSEN and BOIL in my portfolio?

^DJUSEN and BOIL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^DJUSEN or BOIL?

BOIL has higher volatility (23.95%) compared to ^DJUSEN (7.99%). In terms of maximum drawdown, ^DJUSEN dropped -77.35% vs BOIL's -100.00%.

Which has better risk-adjusted returns?

^DJUSEN currently has the higher Sharpe Ratio (2.00 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.