BOIL vs. HIBS
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS).
BOIL and HIBS 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. HIBS is a passively managed fund by Direxion that tracks the performance of the S&P 500® High Beta Index. It was launched on Nov 7, 2019. Both BOIL and HIBS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BOIL vs. HIBS - Performance Comparison
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BOIL vs. HIBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -33.36% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -43.19% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -8.44% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -19.45% |
Returns By Period
In the year-to-date period, BOIL achieves a -33.36% return, which is significantly lower than HIBS's -8.44% return.
BOIL
- 1D
- -5.33%
- 1M
- -14.17%
- YTD
- -33.36%
- 6M
- -52.97%
- 1Y
- -80.61%
- 3Y*
- -65.17%
- 5Y*
- -62.88%
- 10Y*
- -55.80%
HIBS
- 1D
- -2.91%
- 1M
- 9.61%
- YTD
- -8.44%
- 6M
- -25.12%
- 1Y
- -80.81%
- 3Y*
- -52.78%
- 5Y*
- -48.81%
- 10Y*
- —
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BOIL vs. HIBS - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than HIBS's 1.06% expense ratio.
Return for Risk
BOIL vs. HIBS — Risk / Return Rank
BOIL
HIBS
BOIL vs. HIBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS). 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 | HIBS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.67 | -0.90 | +0.22 |
Sortino ratioReturn per unit of downside risk | -0.97 | -1.77 | +0.80 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.77 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | -1.00 | -0.91 | -0.09 |
Martin ratioReturn relative to average drawdown | -1.35 | -1.04 | -0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BOIL | HIBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.67 | -0.90 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | -0.60 | +0.06 |
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 | -0.69 | +0.08 |
Correlation
The correlation between BOIL and HIBS is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BOIL vs. HIBS - Dividend Comparison
BOIL has not paid dividends to shareholders, while HIBS's dividend yield for the trailing twelve months is around 5.17%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 5.17% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% |
Drawdowns
BOIL vs. HIBS - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum HIBS drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for BOIL and HIBS.
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Drawdown Indicators
| BOIL | HIBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.96% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -82.08% | -88.93% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -99.88% | -97.19% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -99.96% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -93.51% | -92.95% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.88% | 78.08% | -17.20% |
Volatility
BOIL vs. HIBS - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 29.37% compared to Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) at 27.85%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than HIBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOIL | HIBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.37% | 27.85% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 109.37% | 54.19% | +55.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.58% | 90.43% | +30.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.63% | 82.11% | +36.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.93% | 95.36% | +6.57% |