BOIL vs. LNG

Last updated Aug 2, 2026

BOIL (ProShares Ultra Bloomberg Natural Gas) is Oil & Gas fund tracking the Bloomberg Natural Gas Subindex, while LNG (Cheniere Energy, Inc.) is a stock. Over the past 10 years, BOIL returned -58.99%/yr vs 21.52%/yr for LNG. Their 0.10 correlation means their historical movements had little consistent relationship.

Performance

BOIL vs. LNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Bloomberg Natural Gas (BOIL) and Cheniere Energy, Inc. (LNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOIL achieves a -55.20% return, which is significantly lower than LNG's 36.26% return. Over the past 10 years, BOIL has underperformed LNG with an annualized return of -58.99%, while LNG has yielded a comparatively higher 21.52% annualized 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%

LNG

• 1D: 2.14%
• 1M: 7.16%
• 6M: 25.23%
• YTD: 36.26%
• 1Y: 11.68%
• 3Y*: 19.21%
• 5Y*: 26.62%
• 10Y*: 21.52%
• ALL TIME*: 12.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOIL ProShares Ultra Bloomberg Natural Gas	$86.80M	$100.03M	$104.47M
LNG Cheniere Energy, Inc.	$449.81M	$470.16M	$533.59M

BOIL vs. LNG - 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%	-65.72%
LNG Cheniere Energy, Inc.	36.26%	-8.70%	27.18%	15.02%	49.30%	69.48%	-1.70%	3.18%	9.94%	29.95%

Correlation

The correlation between BOIL and LNG is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (5Y) Shows whether the relationship held over a longer period.	0.18
Correlation (10Y) Provides a long-term view across more market conditions.	0.12
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011	0.10

Return for Risk

BOIL vs. LNG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BOIL

BOIL Risk / Return Rank: 3
BOIL Sharpe Ratio Rank: 4
BOIL Sortino Ratio Rank: 4
BOIL Omega Ratio Rank: 4
BOIL Calmar Ratio Rank: 1
BOIL Martin Ratio Rank: 1

LNG

LNG Risk / Return Rank: 57
LNG Sharpe Ratio Rank: 62
LNG Sortino Ratio Rank: 56
LNG Omega Ratio Rank: 54
LNG Calmar Ratio Rank: 58
LNG Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BOIL vs. LNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Cheniere Energy, Inc. (LNG). 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	LNG	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	0.49	-1.13
Sortino ratio: Return per unit of downside risk	-0.72	0.88	-1.59
Omega ratio: Gain probability vs. loss probability	0.91	1.10	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.92	0.54	-1.45
Martin ratio: Return relative to average drawdown	-1.40	1.00	-2.40

BOIL vs. LNG - Sharpe Ratio Comparison

The current BOIL Sharpe Ratio is -0.65, which is lower than the LNG Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of BOIL and LNG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOIL vs. LNG - Drawdown Comparison

The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum LNG drawdown of -97.84%. Use the drawdown chart below to compare losses from any high point for BOIL and LNG.

Drawdown Indicators

	BOIL	LNG	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-97.84%	-2.16%
Max Drawdown (1Y) Largest decline over 1 year	-77.68%	-24.09%	-53.59%
Max Drawdown (3Y) Largest decline over 3 years	-97.48%	-24.87%	-72.61%
Max Drawdown (5Y) Largest decline over 5 years	-99.93%	-24.87%	-75.06%
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	-57.53%	-42.46%
Current Drawdown Current decline from peak	-100.00%	-11.02%	-88.98%
Average Drawdown Average peak-to-trough decline	-93.63%	-43.02%	-50.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.79%	12.86%	+37.93%

Volatility

BOIL vs. LNG - Volatility Comparison

ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 18.90% compared to Cheniere Energy, Inc. (LNG) at 9.48%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than LNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOIL	LNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.90%	9.48%	+9.42%
Volatility (6M) Calculated over the trailing 6-month period	91.55%	23.32%	+68.23%
Volatility (1Y) Calculated over the trailing 1-year period	110.59%	26.45%	+84.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.92%	30.42%	+88.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.64%	32.28%	+69.36%

Dividends

BOIL vs. LNG - Dividend Comparison

BOIL has not paid dividends to shareholders, while LNG's dividend yield for the trailing twelve months is around 0.82%.

Position	TTM	2025	2024	2023	2022	2021
BOIL ProShares Ultra Bloomberg Natural Gas	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LNG Cheniere Energy, Inc.	0.82%	1.06%	0.84%	0.95%	0.92%	0.33%

Frequently Asked Questions

Can I hold both BOIL and LNG in my portfolio?

BOIL and LNG have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOIL or LNG?

BOIL has higher volatility (18.90%) compared to LNG (9.48%). In terms of maximum drawdown, BOIL dropped -100.00% vs LNG's -97.84%.

Which has better risk-adjusted returns?

LNG currently has the higher Sharpe Ratio (0.49 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.