BOIL vs. BNO
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and United States Brent Oil Fund LP (BNO).
BOIL and BNO 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. BNO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Brent Crude Oil. It was launched on Jun 2, 2010. Both BOIL and BNO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BOIL vs. BNO - Performance Comparison
Loading graphics...
BOIL vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -29.61% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
BNO United States Brent Oil Fund LP | 83.65% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 36.01% | -15.30% | 15.43% |
Returns By Period
In the year-to-date period, BOIL achieves a -29.61% return, which is significantly lower than BNO's 83.65% return. Over the past 10 years, BOIL has underperformed BNO with an annualized return of -55.56%, while BNO has yielded a comparatively higher 16.00% annualized 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%
BNO
- 1D
- -3.67%
- 1M
- 49.41%
- YTD
- 83.65%
- 6M
- 73.08%
- 1Y
- 67.18%
- 3Y*
- 25.08%
- 5Y*
- 26.10%
- 10Y*
- 16.00%
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. BNO - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than BNO's 0.90% expense ratio.
Return for Risk
BOIL vs. BNO — Risk / Return Rank
BOIL
BNO
BOIL vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and United States Brent Oil Fund LP (BNO). 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 | BNO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.68 | 1.84 | -2.52 |
Sortino ratioReturn per unit of downside risk | -1.00 | 2.48 | -3.48 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.32 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | -0.99 | 3.91 | -4.90 |
Martin ratioReturn relative to average drawdown | -1.33 | 7.06 | -8.39 |
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 | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | 1.84 | -2.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | 0.77 | -1.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.55 | 0.44 | -0.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.14 | -0.75 |
Correlation
The correlation between BOIL and BNO is 0.11, 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.
Dividends
BOIL vs. BNO - Dividend Comparison
Neither BOIL nor BNO has paid dividends to shareholders.
Drawdowns
BOIL vs. BNO - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than BNO's maximum drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for BOIL and BNO.
Loading graphics...
Drawdown Indicators
| BOIL | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -87.06% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -81.53% | -18.48% | -63.05% |
Max Drawdown (5Y)Largest decline over 5 years | -99.88% | -33.70% | -66.18% |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | -75.18% | -24.80% |
Current DrawdownCurrent decline from peak | -100.00% | -3.67% | -96.33% |
Average DrawdownAverage peak-to-trough decline | -93.51% | -40.53% | -52.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.91% | 10.25% | +50.66% |
Volatility
BOIL vs. BNO - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 29.44% compared to United States Brent Oil Fund LP (BNO) at 20.01%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than BNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BOIL | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.44% | 20.01% | +9.43% |
Volatility (6M)Calculated over the trailing 6-month period | 109.34% | 27.75% | +81.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.51% | 36.79% | +83.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.61% | 33.90% | +84.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.94% | 36.10% | +65.84% |