BOIL vs. CVNA
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and Carvana Co. (CVNA).
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 CVNA.
Correlation
The correlation between BOIL and CVNA is 0.08, 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.
Performance
BOIL vs. CVNA - Performance Comparison
Key characteristics
BOIL:
-0.32
CVNA:
2.66
BOIL:
0.21
CVNA:
3.05
BOIL:
1.02
CVNA:
1.43
BOIL:
-0.34
CVNA:
2.68
BOIL:
-0.71
CVNA:
14.06
BOIL:
48.59%
CVNA:
15.19%
BOIL:
107.29%
CVNA:
80.43%
BOIL:
-100.00%
CVNA:
-98.99%
BOIL:
-100.00%
CVNA:
-35.92%
Returns By Period
In the year-to-date period, BOIL achieves a -12.59% return, which is significantly lower than CVNA's 16.62% return.
BOIL
-12.59%
-34.68%
3.15%
-28.14%
-60.32%
-56.55%
CVNA
16.62%
15.76%
17.09%
206.00%
20.84%
N/A
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Risk-Adjusted Performance
BOIL vs. CVNA — Risk-Adjusted Performance Rank
BOIL
CVNA
BOIL vs. CVNA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Carvana Co. (CVNA). 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.
Dividends
BOIL vs. CVNA - Dividend Comparison
Neither BOIL nor CVNA has paid dividends to shareholders.
Drawdowns
BOIL vs. CVNA - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum CVNA drawdown of -98.99%. Use the drawdown chart below to compare losses from any high point for BOIL and CVNA. For additional features, visit the drawdowns tool.
Volatility
BOIL vs. CVNA - Volatility Comparison
The current volatility for ProShares Ultra Bloomberg Natural Gas (BOIL) is 34.81%, while Carvana Co. (CVNA) has a volatility of 38.91%. This indicates that BOIL experiences smaller price fluctuations and is considered to be less risky than CVNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.