BOIL vs. GSSC
BOIL (ProShares Ultra Bloomberg Natural Gas) and GSSC (Goldman Sachs ActiveBeta US Small Cap Equity ETF) are both exchange-traded funds - BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex, while GSSC is a Small Cap Growth Equities fund tracking the Goldman Sachs ActiveBeta U.S. Small Cap Equity Index. Both are passively managed. Over the past 5 years, BOIL returned -69.84%/yr vs 8.50%/yr for GSSC. Their 0.03 correlation means their historical movements had little consistent relationship. BOIL charges 1.31%/yr vs 0.20%/yr for GSSC.
Performance
BOIL vs. GSSC - Performance Comparison
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Returns By Period
In the year-to-date period, BOIL achieves a -55.20% return, which is significantly lower than GSSC's 18.48% return.
BOIL
- 1D
- 1.23%
- 1M
- -22.39%
- 6M
- -74.77%
- YTD
- -55.20%
- 1Y
- -71.40%
- 3Y*
- -67.40%
- 5Y*
- -69.84%
- 10Y*
- -58.99%
- ALL TIME*
- -57.95%
GSSC
- 1D
- -0.38%
- 1M
- -1.26%
- 6M
- 14.01%
- YTD
- 18.48%
- 1Y
- 33.62%
- 3Y*
- 15.02%
- 5Y*
- 8.50%
- 10Y*
- —
- ALL TIME*
- 10.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.80M | $100.03M | $104.47M | |
| $4.51M | $3.93M | $2.99M |
BOIL vs. GSSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -55.20% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -35.32% |
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF | 18.48% | 10.76% | 11.14% | 17.27% | -16.81% | 24.13% | 16.02% | 23.14% | -9.24% | 8.39% |
Correlation
The correlation between BOIL and GSSC is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2017 | 0.03 |
The correlation between BOIL and GSSC shifts across timeframes, from -0.27 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BOIL vs. GSSC — Risk / Return Rank
BOIL
GSSC
BOIL vs. GSSC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BOIL | GSSC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.29 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.96 | -3.88 |
| Martin ratioReturn relative to average drawdown | -1.40 | 10.01 | -11.42 |
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Drawdowns
BOIL vs. GSSC - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than GSSC's maximum drawdown of -41.38%. Use the drawdown chart below to compare losses from any high point for BOIL and GSSC.
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Drawdown Indicators
| BOIL | GSSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -41.38% | -58.62% |
Max Drawdown (1Y)Largest decline over 1 year | -77.68% | -10.56% | -67.12% |
Max Drawdown (3Y)Largest decline over 3 years | -97.48% | -26.05% | -71.43% |
Max Drawdown (5Y)Largest decline over 5 years | -99.93% | -27.81% | -72.12% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -2.31% | -97.69% |
Average DrawdownAverage peak-to-trough decline | -93.63% | -8.88% | -84.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.79% | 3.12% | +47.67% |
Volatility
BOIL vs. GSSC - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 18.90% compared to Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) at 3.84%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than GSSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOIL | GSSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.90% | 3.84% | +15.06% |
Volatility (6M)Calculated over the trailing 6-month period | 91.55% | 13.20% | +78.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.59% | 18.49% | +92.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.92% | 21.16% | +97.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.64% | 22.91% | +78.73% |
BOIL vs. GSSC - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than GSSC's 0.20% expense ratio.
Dividends
BOIL vs. GSSC - Dividend Comparison
BOIL has not paid dividends to shareholders, while GSSC's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF | 1.05% | 1.17% | 1.42% | 1.33% | 1.31% | 1.00% | 0.94% | 1.24% | 1.21% | 0.73% |
Frequently Asked Questions
BOIL and GSSC have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (18.90%) compared to GSSC (3.84%). In terms of maximum drawdown, BOIL dropped -100.00% vs GSSC's -41.38%.
On 5-year performance, GSSC leads with 8.50% vs -69.84% for BOIL. On fees, GSSC is cheaper at 0.20% per year. On volatility, GSSC has been the lower-risk option at 3.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSSC has performed better with a 8.50% return vs -69.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSSC is cheaper with a 0.20% expense ratio, compared with 1.31% for BOIL.
GSSC has the higher dividend yield at 1.05%, compared with 0.00% for BOIL.
BOIL is categorized as Oil & Gas, while GSSC is Small Cap Growth Equities. BOIL tracks Bloomberg Natural Gas Subindex, while GSSC tracks Goldman Sachs ActiveBeta U.S. Small Cap Equity Index. They also come from different issuers: ProShares and Goldman Sachs. Their fees differ too: 1.31% for BOIL and 0.20% for GSSC.
GSSC currently has the higher Sharpe Ratio (1.69 vs -0.65), 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.
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