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

Correlation

The correlation between BOIL and ERX is 0.15, 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.


-0.50.00.51.00.1

Performance

BOIL vs. ERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Bloomberg Natural Gas (BOIL) and Direxion Daily Energy Bull 2X Shares (ERX). The values are adjusted to include any dividend payments, if applicable.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-100.00%
-14.70%
BOIL
ERX

Key characteristics

Sharpe Ratio

BOIL:

-0.68

ERX:

-0.14

Sortino Ratio

BOIL:

-0.91

ERX:

0.05

Omega Ratio

BOIL:

0.90

ERX:

1.01

Calmar Ratio

BOIL:

-0.69

ERX:

-0.05

Martin Ratio

BOIL:

-1.08

ERX:

-0.36

Ulcer Index

BOIL:

63.88%

ERX:

13.72%

Daily Std Dev

BOIL:

100.62%

ERX:

35.59%

Max Drawdown

BOIL:

-100.00%

ERX:

-99.54%

Current Drawdown

BOIL:

-100.00%

ERX:

-95.32%

Returns By Period

In the year-to-date period, BOIL achieves a -69.01% return, which is significantly lower than ERX's -3.74% return. Over the past 10 years, BOIL has underperformed ERX with an annualized return of -60.35%, while ERX has yielded a comparatively higher -20.65% annualized return.


BOIL

YTD

-69.01%

1M

4.01%

6M

-56.73%

1Y

-68.21%

5Y*

-65.66%

10Y*

-60.35%

ERX

YTD

-3.74%

1M

-23.63%

6M

-11.65%

1Y

-7.25%

5Y*

-18.74%

10Y*

-20.65%

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. ERX - Expense Ratio Comparison

BOIL has a 1.31% expense ratio, which is higher than ERX's 1.09% expense ratio.


BOIL
ProShares Ultra Bloomberg Natural Gas
Expense ratio chart for BOIL: current value at 1.31% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.31%
Expense ratio chart for ERX: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%

Risk-Adjusted Performance

BOIL vs. ERX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Direxion Daily Energy Bull 2X Shares (ERX). 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.


Sharpe ratio
The chart of Sharpe ratio for BOIL, currently valued at -0.68, compared to the broader market0.002.004.00-0.68-0.14
The chart of Sortino ratio for BOIL, currently valued at -0.91, compared to the broader market-2.000.002.004.006.008.0010.00-0.910.05
The chart of Omega ratio for BOIL, currently valued at 0.90, compared to the broader market0.501.001.502.002.503.000.901.01
The chart of Calmar ratio for BOIL, currently valued at -0.69, compared to the broader market0.005.0010.0015.00-0.69-0.05
The chart of Martin ratio for BOIL, currently valued at -1.08, compared to the broader market0.0020.0040.0060.0080.00100.00-1.08-0.36
BOIL
ERX

The current BOIL Sharpe Ratio is -0.68, which is lower than the ERX Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of BOIL and ERX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.68
-0.14
BOIL
ERX

Dividends

BOIL vs. ERX - Dividend Comparison

BOIL has not paid dividends to shareholders, while ERX's dividend yield for the trailing twelve months is around 3.18%.


TTM2023202220212020201920182017
BOIL
ProShares Ultra Bloomberg Natural Gas
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ERX
Direxion Daily Energy Bull 2X Shares
3.18%3.17%2.23%2.16%2.35%1.56%3.10%0.85%

Drawdowns

BOIL vs. ERX - Drawdown Comparison

The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for BOIL and ERX. For additional features, visit the drawdowns tool.


-100.00%-99.00%-98.00%-97.00%-96.00%-95.00%-94.00%JulyAugustSeptemberOctoberNovemberDecember
-100.00%
-95.32%
BOIL
ERX

Volatility

BOIL vs. ERX - Volatility Comparison

ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 33.63% compared to Direxion Daily Energy Bull 2X Shares (ERX) at 9.81%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
33.63%
9.81%
BOIL
ERX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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