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 Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past year, BITU returned -77.91% vs -70.19% for BOIL. Their -0.03 correlation means they have often moved in opposite directions in the past. BITU charges 0.95%/yr vs 1.31%/yr for BOIL.
Performance
BITU vs. BOIL - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BITU having a -56.85% return and BOIL slightly lower at -57.88%.
BITU
- 1D
- 1.18%
- 1M
- 7.02%
- 6M
- -41.26%
- YTD
- -56.85%
- 1Y
- -77.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -33.51%
BOIL
- 1D
- -6.77%
- 1M
- -27.04%
- 6M
- -54.25%
- YTD
- -57.88%
- 1Y
- -70.19%
- 3Y*
- -68.09%
- 5Y*
- -70.90%
- 10Y*
- -59.32%
- ALL TIME*
- -58.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.32M | $38.70M | $45.83M | |
| $90.73M | $100.10M | $103.98M |
BITU vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | -56.85% | -37.07% | 41.85% |
BOIL ProShares Ultra Bloomberg Natural Gas | -57.88% | -58.98% | -21.88% |
Correlation
The correlation between BITU and BOIL is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.03 |
The correlation between BITU and BOIL shifts across timeframes, from -0.14 (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BITU | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.91 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.90 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.30 | -1.37 | +0.07 |
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Drawdowns
BITU vs. BOIL - Drawdown Comparison
The maximum BITU drawdown since its inception was -83.45%, 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 | -83.45% | -100.00% | +16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -83.45% | -77.89% | -5.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -97.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.99% | — |
Current DrawdownCurrent decline from peak | -80.70% | -100.00% | +19.30% |
Average DrawdownAverage peak-to-trough decline | -37.76% | -93.63% | +55.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.73% | 51.14% | +8.59% |
Volatility
BITU vs. BOIL - Volatility Comparison
The current volatility for Proshares Ultra Bitcoin ETF (BITU) is 16.04%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 19.72%. 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 | 16.04% | 19.72% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 66.33% | 54.88% | +11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.24% | 110.71% | -22.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.93% | 118.96% | -23.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.93% | 101.65% | -5.72% |
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 79.54%, while BOIL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 79.54% | 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 -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (19.72%) compared to BITU (16.04%). In terms of maximum drawdown, BITU dropped -83.45% vs BOIL's -100.00%.
On 1-year performance, BOIL leads with -70.19% vs -77.91% for BITU. On fees, BITU is cheaper at 0.95% per year. On volatility, BITU has been the lower-risk option at 16.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BOIL has performed better with a -70.19% return vs -77.91%. 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 79.54%, compared with 0.00% for BOIL.
BITU is categorized as Cryptocurrency, while BOIL is Oil & Gas. 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 (-0.64 vs -0.89), 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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