BOIL vs. CVNA
BOIL (ProShares Ultra Bloomberg Natural Gas) is Oil & Gas fund tracking the Bloomberg Natural Gas Subindex, while CVNA (Carvana Co.) is a stock. Over the past 5 years, BOIL returned -70.90%/yr vs 0.19%/yr for CVNA. Their -0.02 correlation means they have often moved in opposite directions in the past.
Performance
BOIL vs. CVNA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BOIL achieves a -57.88% return, which is significantly lower than CVNA's -19.40% return.
BOIL
- 1D
- -6.77%
- 1M
- -27.04%
- 6M
- -54.25%
- YTD
- -57.88%
- 1Y
- -70.19%
- 3Y*
- -68.09%
- 5Y*
- -70.90%
- 10Y*
- -59.32%
- ALL TIME*
- -58.10%
CVNA
- 1D
- 2.87%
- 1M
- -0.83%
- 6M
- -17.11%
- YTD
- -19.40%
- 1Y
- -5.69%
- 3Y*
- 95.62%
- 5Y*
- 0.19%
- 10Y*
- —
- ALL TIME*
- 41.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $90.73M | $100.10M | $103.98M | |
CVNA Carvana Co. | $806.19M | $683.77M | $719.99M |
BOIL vs. CVNA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -57.88% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -46.24% |
CVNA Carvana Co. | -19.40% | 107.52% | 284.13% | 1,016.88% | -97.96% | -3.24% | 160.23% | 181.41% | 71.08% | 41.63% |
Correlation
The correlation between BOIL and CVNA is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BOIL vs. CVNA — Risk / Return Rank
BOIL
CVNA
BOIL vs. CVNA - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BOIL | CVNA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.03 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.14 | -0.76 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.26 | -1.11 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| BOIL | CVNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -98.99% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -77.89% | -41.21% | -36.68% |
Max Drawdown (3Y)Largest decline over 3 years | -97.50% | -53.47% | -44.03% |
Max Drawdown (5Y)Largest decline over 5 years | -99.93% | -98.99% | -0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -28.91% | -71.09% |
Average DrawdownAverage peak-to-trough decline | -93.63% | -38.13% | -55.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.14% | 21.85% | +29.29% |
Volatility
BOIL vs. CVNA - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 19.72% compared to Carvana Co. (CVNA) at 18.47%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than CVNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BOIL | CVNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.72% | 18.47% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 54.88% | 43.23% | +11.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.71% | 60.45% | +50.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.96% | 111.71% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.65% | 98.91% | +2.74% |
Dividends
BOIL vs. CVNA - Dividend Comparison
Neither BOIL nor CVNA has paid dividends to shareholders.
Frequently Asked Questions
BOIL and CVNA have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (19.72%) compared to CVNA (18.47%). In terms of maximum drawdown, BOIL dropped -100.00% vs CVNA's -98.99%.
CVNA currently has the higher Sharpe Ratio (-0.09 vs -0.64), 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.
Find the right allocation for BOIL and CVNA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer