BOIL vs. GDX
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and VanEck Vectors Gold Miners ETF (GDX).
BOIL and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both BOIL and GDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOIL or GDX.
Key characteristics
| BOIL | GDX | |
|---|---|---|
| YTD Return | -52.64% | 6.80% |
| 1Y Return | -80.53% | -0.31% |
| 3Y Return (Ann) | -69.09% | -1.15% |
| 5Y Return (Ann) | -67.55% | 10.63% |
| 10Y Return (Ann) | -61.82% | 4.06% |
| Sharpe Ratio | -0.85 | -0.00 |
| Daily Std Dev | 95.54% | 30.18% |
| Max Drawdown | -100.00% | -80.57% |
| Current Drawdown | -100.00% | -44.15% |
Correlation
The correlation between BOIL and GDX is 0.01, 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. GDX - Performance Comparison
In the year-to-date period, BOIL achieves a -52.64% return, which is significantly lower than GDX's 6.80% return. Over the past 10 years, BOIL has underperformed GDX with an annualized return of -61.82%, while GDX has yielded a comparatively higher 4.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BOIL vs. GDX - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
BOIL vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and VanEck Vectors Gold Miners ETF (GDX). 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. GDX - Dividend Comparison
BOIL has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 1.51%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.51% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
BOIL vs. GDX - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for BOIL and GDX. For additional features, visit the drawdowns tool.
Volatility
BOIL vs. GDX - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 24.64% compared to VanEck Vectors Gold Miners ETF (GDX) at 8.99%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.