BITU vs. BOIL
BITU (Proshares Ultra Bitcoin ETF) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross, while BOIL is a Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past year, BITU returned -73.07% vs -74.31% for BOIL. At a correlation of -0.03, they often move in opposite directions. BITU charges 0.95%/yr vs 1.31%/yr for BOIL.
Performance
BITU vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, BITU achieves a -52.92% return, which is significantly lower than BOIL's -36.77% return.
BITU
- 1D
- -5.58%
- 1M
- -34.84%
- YTD
- -52.92%
- 6M
- -59.11%
- 1Y
- -73.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
BITU vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | -52.92% | -37.07% | 37.90% |
BOIL ProShares Ultra Bloomberg Natural Gas | -36.77% | -58.98% | -22.74% |
Correlation
The correlation between BITU and BOIL is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | -0.03 |
The correlation between BITU and BOIL shifts across timeframes, from -0.13 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BITU vs. BOIL — Risk / Return Rank
BITU
BOIL
BITU vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) 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.
| BITU | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.90 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.92 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.47 | -1.26 | -0.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITU | BOIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | -0.66 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | -0.61 | +0.26 |
Drawdowns
BITU vs. BOIL - Drawdown Comparison
The maximum BITU drawdown since its inception was -78.94%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BITU and BOIL.
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Drawdown Indicators
| BITU | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.94% | -100.00% | +21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -78.94% | -80.85% | +1.91% |
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 | -78.94% | -100.00% | +21.06% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -93.59% | +59.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.84% | 59.20% | -9.36% |
Volatility
BITU vs. BOIL - Volatility Comparison
The current volatility for Proshares Ultra Bitcoin ETF (BITU) is 18.99%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.95%. This indicates that BITU 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.
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Volatility by Period
| BITU | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.99% | 23.95% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 69.41% | 107.61% | -38.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.00% | 113.64% | -26.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.45% | 118.89% | -21.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.45% | 101.81% | -4.36% |
BITU vs. BOIL - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Dividends
BITU vs. BOIL - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 83.36%, while BOIL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 83.36% | 50.23% | 0.12% |
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITU and BOIL have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (23.95%) compared to BITU (18.99%). In terms of maximum drawdown, BITU dropped -78.94% vs BOIL's -100.00%.
On 1-year performance, BITU leads with -73.07% vs -74.31% for BOIL. On fees, BITU is cheaper at 0.95% per year. On volatility, BITU has been the lower-risk option at 18.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BITU has performed better with a -73.07% return vs -74.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITU is cheaper with a 0.95% expense ratio, compared with 1.31% for BOIL.
BITU has the higher dividend yield at 83.36%, compared with 0.00% for BOIL.
BITU is categorized as Cryptocurrency, while BOIL is Leveraged Commodities. BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross, while BOIL tracks Bloomberg Natural Gas Subindex. Their fees differ too: 0.95% for BITU and 1.31% for BOIL.
BOIL currently has the higher Sharpe Ratio (-0.66 vs -0.84), 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.
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