BOIL vs. BITO
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares Bitcoin Strategy ETF (BITO).
BOIL and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
BOIL vs. BITO - Performance Comparison
Loading graphics...
BOIL vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -29.61% | -58.98% | -60.75% | -92.00% | -31.85% | -58.91% |
BITO ProShares Bitcoin Strategy ETF | -23.25% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, BOIL achieves a -29.61% return, which is significantly lower than BITO's -23.25% return.
BOIL
- 1D
- 0.75%
- 1M
- -1.95%
- YTD
- -29.61%
- 6M
- -46.25%
- 1Y
- -81.20%
- 3Y*
- -64.52%
- 5Y*
- -62.47%
- 10Y*
- -55.56%
BITO
- 1D
- 1.75%
- 1M
- 2.92%
- YTD
- -23.25%
- 6M
- -41.96%
- 1Y
- -21.48%
- 3Y*
- 24.62%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BOIL vs. BITO - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than BITO's 0.95% expense ratio.
Return for Risk
BOIL vs. BITO — Risk / Return Rank
BOIL
BITO
BOIL vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares Bitcoin Strategy ETF (BITO). 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.
| BOIL | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.68 | -0.48 | -0.20 |
Sortino ratioReturn per unit of downside risk | -1.00 | -0.43 | -0.57 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.95 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.46 | -0.53 |
Martin ratioReturn relative to average drawdown | -1.33 | -0.97 | -0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BOIL | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | -0.48 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | -0.08 | -0.53 |
Correlation
The correlation between BOIL and BITO is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BOIL vs. BITO - Dividend Comparison
BOIL has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 84.71%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 84.71% | 78.29% | 61.59% | 15.14% |
Drawdowns
BOIL vs. BITO - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BOIL and BITO.
Loading graphics...
Drawdown Indicators
| BOIL | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -77.86% | -22.14% |
Max Drawdown (1Y)Largest decline over 1 year | -81.53% | -50.05% | -31.48% |
Max Drawdown (5Y)Largest decline over 5 years | -99.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -47.07% | -52.93% |
Average DrawdownAverage peak-to-trough decline | -93.51% | -36.56% | -56.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.91% | 23.55% | +37.36% |
Volatility
BOIL vs. BITO - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 29.44% compared to ProShares Bitcoin Strategy ETF (BITO) at 12.89%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BOIL | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.44% | 12.89% | +16.55% |
Volatility (6M)Calculated over the trailing 6-month period | 109.34% | 36.69% | +72.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.51% | 45.35% | +75.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.61% | 55.79% | +62.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.94% | 55.79% | +46.15% |