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BOIL vs. CVNA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BOIL vs. CVNA

Last updated May 15, 2025

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

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Bloomberg Natural Gas (BOIL) and Carvana Co. (CVNA). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BOIL:

-0.25

CVNA:

2.11

Sortino Ratio

BOIL:

0.44

CVNA:

2.57

Omega Ratio

BOIL:

1.05

CVNA:

1.37

Calmar Ratio

BOIL:

-0.23

CVNA:

2.20

Martin Ratio

BOIL:

-0.46

CVNA:

10.58

Ulcer Index

BOIL:

49.79%

CVNA:

15.23%

Daily Std Dev

BOIL:

108.04%

CVNA:

73.24%

Max Drawdown

BOIL:

-100.00%

CVNA:

-98.99%

Current Drawdown

BOIL:

-99.99%

CVNA:

-17.45%

Returns By Period

In the year-to-date period, BOIL achieves a 7.15% return, which is significantly lower than CVNA's 50.24% return.

BOIL

YTD

7.15%

1M

4.62%

6M

36.27%

1Y

-27.15%

5Y*

-56.13%

10Y*

-57.12%

CVNA

YTD

50.24%

1M

49.23%

6M

27.31%

1Y

152.60%

5Y*

27.07%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

BOIL vs. CVNA — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BOIL
The Risk-Adjusted Performance Rank of BOIL is 1414
Overall Rank
The Sharpe Ratio Rank of BOIL is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of BOIL is 2525
Sortino Ratio Rank
The Omega Ratio Rank of BOIL is 2222
Omega Ratio Rank
The Calmar Ratio Rank of BOIL is 66
Calmar Ratio Rank
The Martin Ratio Rank of BOIL is 1010
Martin Ratio Rank
CVNA
The Risk-Adjusted Performance Rank of CVNA is 9494
Overall Rank
The Sharpe Ratio Rank of CVNA is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of CVNA is 9292
Sortino Ratio Rank
The Omega Ratio Rank of CVNA is 9292
Omega Ratio Rank
The Calmar Ratio Rank of CVNA is 9494
Calmar Ratio Rank
The Martin Ratio Rank of CVNA is 9595
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current BOIL Sharpe Ratio is -0.25, which is lower than the CVNA Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of BOIL and CVNA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

BOIL vs. CVNA - Dividend Comparison

Neither BOIL nor CVNA has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

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Volatility

BOIL vs. CVNA - Volatility Comparison

ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 25.84% compared to Carvana Co. (CVNA) at 18.74%. 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.

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