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 Oil & Gas 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 -69.84%/yr vs 5.16%/yr for KJUL. Their 0.02 correlation means their historical movements had little consistent relationship. 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 -55.20% return, which is significantly lower than KJUL's 5.90% 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%
KJUL
- 1D
- -0.30%
- 1M
- -0.80%
- 6M
- 3.94%
- YTD
- 5.90%
- 1Y
- 14.97%
- 3Y*
- 8.31%
- 5Y*
- 5.16%
- 10Y*
- —
- ALL TIME*
- 6.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.80M | $100.03M | $104.47M | |
| $1.73M | $5.07M | $2.30M |
BOIL vs. KJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -55.20% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -25.71% |
KJUL Innovator Russell 2000 Power Buffer ETF - July | 5.90% | 7.70% | 8.69% | 11.78% | -8.44% | 2.51% | 10.84% |
Correlation
The correlation between BOIL and KJUL is -0.30, 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. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | 0.02 |
The correlation between BOIL and KJUL shifts across timeframes, from -0.30 (1 year) to 0.02 (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.
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 | KJUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.39 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 4.13 | -5.05 |
| Martin ratioReturn relative to average drawdown | -1.40 | 16.17 | -17.57 |
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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 | -77.68% | -3.42% | -74.26% |
Max Drawdown (3Y)Largest decline over 3 years | -97.48% | -14.45% | -83.03% |
Max Drawdown (5Y)Largest decline over 5 years | -99.93% | -16.69% | -83.24% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -1.18% | -98.82% |
Average DrawdownAverage peak-to-trough decline | -93.63% | -3.91% | -89.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.79% | 0.87% | +49.92% |
Volatility
BOIL vs. KJUL - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 18.90% compared to Innovator Russell 2000 Power Buffer ETF - July (KJUL) at 2.03%. 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 | 18.90% | 2.03% | +16.87% |
Volatility (6M)Calculated over the trailing 6-month period | 91.55% | 4.80% | +86.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.59% | 7.32% | +103.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.92% | 12.27% | +106.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.64% | 11.55% | +90.09% |
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 (18.90%) compared to KJUL (2.03%). In terms of maximum drawdown, BOIL dropped -100.00% vs KJUL's -16.69%.
On 5-year performance, KJUL leads with 5.16% vs -69.84% for BOIL. On fees, KJUL is cheaper at 0.79% per year. On volatility, KJUL has been the lower-risk option at 2.03%. 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 5.16% return vs -69.84%. 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 Oil & Gas, 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 (1.94 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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