BOIL vs. ^GSPC
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and S&P 500 (^GSPC).
BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOIL or ^GSPC.
Performance
BOIL vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, BOIL achieves a -63.87% return, which is significantly lower than ^GSPC's 24.72% return. Over the past 10 years, BOIL has underperformed ^GSPC with an annualized return of -61.47%, while ^GSPC has yielded a comparatively higher 11.16% annualized return.
BOIL
-63.87%
20.47%
-51.96%
-75.96%
-66.96%
-61.47%
^GSPC
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Key characteristics
| BOIL | ^GSPC | |
|---|---|---|
| Sharpe Ratio | -0.76 | 2.54 |
| Sortino Ratio | -1.26 | 3.40 |
| Omega Ratio | 0.87 | 1.47 |
| Calmar Ratio | -0.75 | 3.66 |
| Martin Ratio | -1.17 | 16.26 |
| Ulcer Index | 64.49% | 1.91% |
| Daily Std Dev | 99.19% | 12.23% |
| Max Drawdown | -100.00% | -56.78% |
| Current Drawdown | -99.99% | -0.88% |
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Correlation
The correlation between BOIL and ^GSPC is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
BOIL vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and S&P 500 (^GSPC). 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.
Drawdowns
BOIL vs. ^GSPC - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BOIL and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BOIL vs. ^GSPC - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 33.22% compared to S&P 500 (^GSPC) at 3.96%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.