BOIL vs. BITU
BOIL (ProShares Ultra Bloomberg Natural Gas) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - BOIL is a Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, BOIL returned -74.31% vs -73.07% for BITU. At a correlation of -0.03, they often move in opposite directions. BOIL charges 1.31%/yr vs 0.95%/yr for BITU.
Performance
BOIL vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, BOIL achieves a -36.77% return, which is significantly higher than BITU's -52.92% return.
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
- 1D
- -5.58%
- 1M
- -34.84%
- YTD
- -52.92%
- 6M
- -59.11%
- 1Y
- -73.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BOIL vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -36.77% | -58.98% | -22.74% |
BITU Proshares Ultra Bitcoin ETF | -52.92% | -37.07% | 37.90% |
Correlation
The correlation between BOIL and BITU 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 BOIL and BITU 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
BOIL vs. BITU — Risk / Return Rank
BOIL
BITU
BOIL vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Proshares Ultra Bitcoin ETF (BITU). 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 | BITU | 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 | 0.90 | 0.84 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.93 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.47 | +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
| BOIL | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.84 | +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 | -0.61 | -0.35 | -0.26 |
Drawdowns
BOIL vs. BITU - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than BITU's maximum drawdown of -78.94%. Use the drawdown chart below to compare losses from any high point for BOIL and BITU.
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Drawdown Indicators
| BOIL | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -78.94% | -21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -80.85% | -78.94% | -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 | -100.00% | -78.94% | -21.06% |
Average DrawdownAverage peak-to-trough decline | -93.59% | -34.49% | -59.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.20% | 49.84% | +9.36% |
Volatility
BOIL vs. BITU - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 23.95% compared to Proshares Ultra Bitcoin ETF (BITU) at 18.99%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOIL | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.95% | 18.99% | +4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 107.61% | 69.41% | +38.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.64% | 87.00% | +26.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.89% | 97.45% | +21.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.81% | 97.45% | +4.36% |
BOIL vs. BITU - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than BITU's 0.95% expense ratio.
Dividends
BOIL vs. BITU - Dividend Comparison
BOIL has not paid dividends to shareholders, while BITU's dividend yield for the trailing twelve months is around 83.36%.
| 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
BOIL and BITU 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, BOIL dropped -100.00% vs BITU's -78.94%.
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.
BOIL is categorized as Leveraged Commodities, while BITU is Cryptocurrency. BOIL tracks Bloomberg Natural Gas Subindex, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 1.31% for BOIL and 0.95% for BITU.
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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