BOIL vs. JSML
BOIL (ProShares Ultra Bloomberg Natural Gas) and JSML (Janus Henderson Small Cap Growth Alpha ETF) are both exchange-traded funds - BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex, while JSML is a Small Cap Growth Equities fund tracking the Janus Small Cap Growth Alpha Index. Both are passively managed. Over the past 10 years, BOIL returned -58.74%/yr vs 12.72%/yr for JSML. At a 0.02 correlation, their price movements are largely independent. BOIL charges 1.31%/yr vs 0.30%/yr for JSML.
Performance
BOIL vs. JSML - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BOIL achieves a -52.27% return, which is significantly lower than JSML's 21.39% return. Over the past 10 years, BOIL has underperformed JSML with an annualized return of -58.74%, while JSML has yielded a comparatively higher 12.72% annualized return.
BOIL
- 1D
- -3.62%
- 1M
- -18.31%
- 6M
- -39.28%
- YTD
- -52.27%
- 1Y
- -74.93%
- 3Y*
- -66.40%
- 5Y*
- -68.59%
- 10Y*
- -58.74%
JSML
- 1D
- -1.93%
- 1M
- 0.03%
- 6M
- 15.41%
- YTD
- 21.39%
- 1Y
- 32.54%
- 3Y*
- 16.40%
- 5Y*
- 7.32%
- 10Y*
- 12.72%
BOIL vs. JSML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -52.27% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
JSML Janus Henderson Small Cap Growth Alpha ETF | 21.39% | 13.41% | 12.45% | 30.09% | -29.40% | 3.08% | 35.38% | 32.50% | -2.53% | 20.93% |
Correlation
The correlation between BOIL and JSML is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2016 | 0.02 |
The correlation between BOIL and JSML shifts across timeframes, from -0.26 (1 year) to 0.02 (all time), 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. JSML — Risk / Return Rank
BOIL
JSML
BOIL vs. JSML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Janus Henderson Small Cap Growth Alpha ETF (JSML). 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 | JSML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.25 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.20 | -3.17 |
| Martin ratioReturn relative to average drawdown | -1.36 | 7.77 | -9.13 |
Loading charts...
Drawdowns
BOIL vs. JSML - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than JSML's maximum drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for BOIL and JSML.
Loading charts...
Drawdown Indicators
| BOIL | JSML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -39.65% | -60.35% |
Max Drawdown (1Y)Largest decline over 1 year | -77.83% | -14.84% | -62.99% |
Max Drawdown (3Y)Largest decline over 3 years | -97.17% | -25.60% | -71.57% |
Max Drawdown (5Y)Largest decline over 5 years | -99.92% | -37.91% | -62.01% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -39.65% | -60.34% |
Current DrawdownCurrent decline from peak | -100.00% | -4.56% | -95.44% |
Average DrawdownAverage peak-to-trough decline | -93.61% | -10.77% | -82.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.90% | 4.20% | +50.70% |
Volatility
BOIL vs. JSML - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 20.38% compared to Janus Henderson Small Cap Growth Alpha ETF (JSML) at 6.75%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than JSML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BOIL | JSML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.38% | 6.75% | +13.63% |
Volatility (6M)Calculated over the trailing 6-month period | 102.24% | 17.25% | +84.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.18% | 22.44% | +89.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.02% | 24.52% | +94.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.76% | 24.26% | +77.50% |
BOIL vs. JSML - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than JSML's 0.30% expense ratio.
Dividends
BOIL vs. JSML - Dividend Comparison
BOIL has not paid dividends to shareholders, while JSML's dividend yield for the trailing twelve months is around 0.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JSML Janus Henderson Small Cap Growth Alpha ETF | 0.61% | 0.94% | 1.19% | 0.49% | 0.67% | 0.46% | 0.30% | 0.27% | 0.76% | 0.42% | 0.52% |
Frequently Asked Questions
BOIL and JSML have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (20.38%) compared to JSML (6.75%). In terms of maximum drawdown, BOIL dropped -100.00% vs JSML's -39.65%.
On 10-year performance, JSML leads with 12.72% vs -58.74% for BOIL. On fees, JSML is cheaper at 0.30% per year. On volatility, JSML has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, JSML has performed better with a 12.72% return vs -58.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JSML is cheaper with a 0.30% expense ratio, compared with 1.31% for BOIL.
JSML has the higher dividend yield at 0.61%, compared with 0.00% for BOIL.
BOIL is categorized as Oil & Gas, while JSML is Small Cap Growth Equities. BOIL tracks Bloomberg Natural Gas Subindex, while JSML tracks Janus Small Cap Growth Alpha Index. They also come from different issuers: ProShares and Janus Henderson. Their fees differ too: 1.31% for BOIL and 0.30% for JSML.
JSML currently has the higher Sharpe Ratio (1.46 vs -0.67), 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.
Find the right allocation for BOIL and JSML
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