BOIL vs. GLDW

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and Roundhill Gold WeeklyPay ETF (GLDW).

BOIL and GLDW 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. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 2025.

Performance

BOIL vs. GLDW - Performance Comparison

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

BOIL vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
BOIL ProShares Ultra Bloomberg Natural Gas	-29.61%	-19.08%
GLDW Roundhill Gold WeeklyPay ETF	8.62%	7.63%

Returns By Period

In the year-to-date period, BOIL achieves a -29.61% return, which is significantly lower than GLDW's 8.62% return.

BOIL

• 1D: 0.75%
• 1M: -1.95%
• YTD: -29.61%
• 6M: -46.25%
• 1Y: -81.20%
• 3Y*: -64.52%
• 5Y*: -62.47%
• 10Y*: -55.56%

GLDW

• 1D: 4.69%
• 1M: -13.64%
• YTD: 8.62%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOIL vs. GLDW - Expense Ratio Comparison

BOIL has a 1.31% expense ratio, which is higher than GLDW's 0.99% expense ratio.

BOIL

ProShares Ultra Bloomberg Natural Gas

GLDW

Roundhill Gold WeeklyPay ETF

Return for Risk

BOIL vs. GLDW — Risk / Return Rank

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

BOIL

BOIL Risk / Return Rank: 2
BOIL Sharpe Ratio Rank: 2
BOIL Sortino Ratio Rank: 2
BOIL Omega Ratio Rank: 2
BOIL Calmar Ratio Rank: 0
BOIL Martin Ratio Rank: 3

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. GLDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Roundhill Gold WeeklyPay ETF (GLDW). 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.

	BOIL	GLDW	Difference
Sharpe ratio Return per unit of total volatility	-0.68	—	—
Sortino ratio Return per unit of downside risk	-1.00	—	—
Omega ratio Gain probability vs. loss probability	0.88	—	—
Calmar ratio Return relative to maximum drawdown	-0.99	—	—
Martin ratio Return relative to average drawdown	-1.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BOIL	GLDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.68	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	1.13	-1.75

Correlation

The correlation between BOIL and GLDW is 0.11, 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.

Dividends

BOIL vs. GLDW - Dividend Comparison

BOIL has not paid dividends to shareholders, while GLDW's dividend yield for the trailing twelve months is around 12.11%.

	TTM	2025
BOIL ProShares Ultra Bloomberg Natural Gas	0.00%	0.00%
GLDW Roundhill Gold WeeklyPay ETF	12.11%	3.75%

Drawdowns

BOIL vs. GLDW - Drawdown Comparison

The maximum BOIL drawdown since its inception was -100.00%, which is greater than GLDW's maximum drawdown of -23.59%. Use the drawdown chart below to compare losses from any high point for BOIL and GLDW.

Drawdown Indicators

	BOIL	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-23.59%	-76.41%
Max Drawdown (1Y) Largest decline over 1 year	-81.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.98%	—	—
Current Drawdown Current decline from peak	-100.00%	-16.66%	-83.34%
Average Drawdown Average peak-to-trough decline	-93.51%	-5.11%	-88.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.91%	—	—

Volatility

Volatility by Period

	BOIL	GLDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	109.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	120.51%	41.26%	+79.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.61%	41.26%	+77.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.94%	41.26%	+60.68%