BOIL vs. KJUL
BOIL (ProShares Ultra Bloomberg Natural Gas) and KJUL (Innovator Russell 2000 Power Buffer ETF - July) are both exchange-traded funds - BOIL is a Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex, while KJUL is a Defined Outcome fund tracking the iShares Russell 2000 ETF. Both are passively managed. Over the past 5 years, BOIL returned -64.63%/yr vs 4.93%/yr for KJUL. At a 0.02 correlation, their price movements are largely independent. BOIL charges 1.31%/yr vs 0.79%/yr for KJUL.
Performance
BOIL vs. KJUL - Performance Comparison
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Returns By Period
In the year-to-date period, BOIL achieves a -36.77% return, which is significantly lower than KJUL's 6.53% return.
BOIL
- 1D
- 4.32%
- 1M
- 4.62%
- YTD
- -36.77%
- 6M
- -62.98%
- 1Y
- -74.31%
- 3Y*
- -60.61%
- 5Y*
- -64.63%
- 10Y*
- -56.95%
KJUL
- 1D
- -0.10%
- 1M
- 1.15%
- YTD
- 6.53%
- 6M
- 7.06%
- 1Y
- 18.66%
- 3Y*
- 10.66%
- 5Y*
- 4.93%
- 10Y*
- —
BOIL vs. KJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -36.77% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -21.09% |
KJUL Innovator Russell 2000 Power Buffer ETF - July | 6.53% | 7.70% | 8.69% | 11.78% | -8.44% | 2.51% | 11.61% |
Correlation
The correlation between BOIL and KJUL is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | 0.02 |
The correlation between BOIL and KJUL shifts across timeframes, from -0.30 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BOIL vs. KJUL — Risk / Return Rank
BOIL
KJUL
BOIL vs. KJUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Innovator Russell 2000 Power Buffer ETF - July (KJUL). 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 | KJUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -4.28 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.46 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 5.47 | -6.39 |
| Martin ratioReturn relative to average drawdown | -1.26 | 20.24 | -21.49 |
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 | KJUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 2.35 | -3.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | 0.40 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.57 | -1.18 |
Drawdowns
BOIL vs. KJUL - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than KJUL's maximum drawdown of -16.69%. Use the drawdown chart below to compare losses from any high point for BOIL and KJUL.
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Drawdown Indicators
| BOIL | KJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -16.69% | -83.31% |
Max Drawdown (1Y)Largest decline over 1 year | -80.85% | -3.42% | -77.43% |
Max Drawdown (3Y)Largest decline over 3 years | -96.86% | -14.45% | -82.41% |
Max Drawdown (5Y)Largest decline over 5 years | -99.91% | -16.69% | -83.22% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -0.10% | -99.90% |
Average DrawdownAverage peak-to-trough decline | -93.59% | -4.00% | -89.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.20% | 0.92% | +58.28% |
Volatility
BOIL vs. KJUL - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 23.95% compared to Innovator Russell 2000 Power Buffer ETF - July (KJUL) at 0.61%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than KJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOIL | KJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.95% | 0.61% | +23.34% |
Volatility (6M)Calculated over the trailing 6-month period | 107.61% | 4.77% | +102.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.64% | 8.06% | +105.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.89% | 12.31% | +106.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.81% | 11.67% | +90.14% |
BOIL vs. KJUL - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than KJUL's 0.79% expense ratio.
Dividends
BOIL vs. KJUL - Dividend Comparison
Neither BOIL nor KJUL has paid dividends to shareholders.
Frequently Asked Questions
BOIL and KJUL have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (23.95%) compared to KJUL (0.61%). In terms of maximum drawdown, BOIL dropped -100.00% vs KJUL's -16.69%.
On 5-year performance, KJUL leads with 4.93% vs -64.63% for BOIL. On fees, KJUL is cheaper at 0.79% per year. On volatility, KJUL has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KJUL has performed better with a 4.93% return vs -64.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KJUL is cheaper with a 0.79% expense ratio, compared with 1.31% for BOIL.
BOIL and KJUL have nearly identical dividend yields, around 0.00%.
BOIL is categorized as Leveraged Commodities, while KJUL is Defined Outcome. BOIL tracks Bloomberg Natural Gas Subindex, while KJUL tracks iShares Russell 2000 ETF. They also come from different issuers: ProShares and Innovator. Their fees differ too: 1.31% for BOIL and 0.79% for KJUL.
KJUL currently has the higher Sharpe Ratio (2.35 vs -0.66), 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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