PortfoliosLab logoPortfoliosLab logo
BOIL vs. FNGD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BOIL vs. FNGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Bloomberg Natural Gas (BOIL) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BOIL achieves a -36.77% return, which is significantly higher than FNGD's -41.82% return.


BOIL

1D
4.32%
1M
4.62%
YTD
-36.77%
6M
-62.98%
1Y
-74.31%
3Y*
-60.61%
5Y*
-64.63%
10Y*
-56.95%

FNGD

1D
3.34%
1M
-28.48%
YTD
-41.82%
6M
-33.35%
1Y
-60.64%
3Y*
-69.29%
5Y*
-65.57%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

BOIL vs. FNGD - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
BOIL
ProShares Ultra Bloomberg Natural Gas
-36.77%-58.98%-60.75%-92.00%-31.85%23.84%-74.74%-67.70%-28.67%
FNGD
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN
-41.82%-61.42%-76.57%-90.14%52.21%-60.04%-95.60%-72.46%-13.73%

Correlation

The correlation between BOIL and FNGD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.05

Correlation (5Y)
Calculated over the trailing 5-year period

-0.03

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2018

-0.04

The correlation between BOIL and FNGD shifts across timeframes, from -0.04 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.

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. FNGD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOIL
BOIL Risk / Return Rank: 33
Overall Rank
BOIL Sharpe Ratio Rank: 33
Sharpe Ratio Rank
BOIL Sortino Ratio Rank: 44
Sortino Ratio Rank
BOIL Omega Ratio Rank: 33
Omega Ratio Rank
BOIL Calmar Ratio Rank: 11
Calmar Ratio Rank
BOIL Martin Ratio Rank: 33
Martin Ratio Rank

FNGD
FNGD Risk / Return Rank: 11
Overall Rank
FNGD Sharpe Ratio Rank: 11
Sharpe Ratio Rank
FNGD Sortino Ratio Rank: 11
Sortino Ratio Rank
FNGD Omega Ratio Rank: 11
Omega Ratio Rank
FNGD Calmar Ratio Rank: 11
Calmar Ratio Rank
FNGD Martin Ratio Rank: 00
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOIL vs. FNGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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.


BOILFNGDDifference
Sharpe ratioReturn per unit of total volatility

+0.38

Sortino ratioReturn per unit of downside risk

+0.97

Omega ratioGain probability vs. loss probability

0.90

0.81

+0.09

Calmar ratioReturn relative to maximum drawdown

-0.92

-0.92

0.00

Martin ratioReturn relative to average drawdown

-1.26

-1.84

+0.58

BOIL vs. FNGD - Sharpe Ratio Comparison

The current BOIL Sharpe Ratio is -0.66, which is higher than the FNGD Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of BOIL and FNGD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


Loading charts...

Sharpe Ratios by Period


BOILFNGDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.66

-1.04

+0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.55

-0.74

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.56

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.61

-0.78

+0.17

Drawdowns

BOIL vs. FNGD - Drawdown Comparison

The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum FNGD drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BOIL and FNGD.


Loading charts...

Drawdown Indicators


BOILFNGDDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-100.00%

0.00%

Max Drawdown (1Y)

Largest decline over 1 year

-80.85%

-65.92%

-14.93%

Max Drawdown (3Y)

Largest decline over 3 years

-96.86%

-97.37%

+0.51%

Max Drawdown (5Y)

Largest decline over 5 years

-99.91%

-99.67%

-0.24%

Max Drawdown (10Y)

Largest decline over 10 years

-99.99%

Current Drawdown

Current decline from peak

-100.00%

-100.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-93.59%

-87.25%

-6.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

59.20%

32.99%

+26.21%

Volatility

BOIL vs. FNGD - Volatility Comparison

ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 23.95% compared to MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) at 17.47%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than FNGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


Loading charts...

Volatility by Period


BOILFNGDDifference

Volatility (1M)

Calculated over the trailing 1-month period

23.95%

17.47%

+6.48%

Volatility (6M)

Calculated over the trailing 6-month period

107.61%

45.91%

+61.70%

Volatility (1Y)

Calculated over the trailing 1-year period

113.64%

58.70%

+54.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

118.89%

88.78%

+30.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

101.81%

91.00%

+10.81%

BOIL vs. FNGD - Expense Ratio Comparison

BOIL has a 1.31% expense ratio, which is higher than FNGD's 0.95% expense ratio.


Dividends

BOIL vs. FNGD - Dividend Comparison

Neither BOIL nor FNGD has paid dividends to shareholders.


Tickers have no history of dividend payments

Frequently Asked Questions


BOIL and FNGD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BOIL has higher volatility (23.95%) compared to FNGD (17.47%). In terms of maximum drawdown, BOIL dropped -100.00% vs FNGD's -100.00%.

On 5-year performance, BOIL leads with -64.63% vs -65.57% for FNGD. On fees, FNGD is cheaper at 0.95% per year. On volatility, FNGD has been the lower-risk option at 17.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BOIL has performed better with a -64.63% return vs -65.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FNGD is cheaper with a 0.95% expense ratio, compared with 1.31% for BOIL.

BOIL and FNGD have nearly identical dividend yields, around 0.00%.

BOIL is categorized as Leveraged Commodities, while FNGD is Leveraged Equities. BOIL tracks Bloomberg Natural Gas Subindex, while FNGD tracks NYSE FANG+ Index (-300%). They also come from different issuers: ProShares and BMO. Their fees differ too: 1.31% for BOIL and 0.95% for FNGD.

BOIL currently has the higher Sharpe Ratio (-0.66 vs -1.04), 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.

Portfolio Optimizer

Find the right allocation for BOIL and FNGD

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