BOIL vs. NKTR
BOIL (ProShares Ultra Bloomberg Natural Gas) is Oil & Gas fund tracking the Bloomberg Natural Gas Subindex, while NKTR (Nektar Therapeutics) is a stock. Over the past 10 years, BOIL returned -58.64%/yr vs -11.64%/yr for NKTR. At a 0.02 correlation, their price movements are largely independent.
Performance
BOIL vs. NKTR - Performance Comparison
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Returns By Period
In the year-to-date period, BOIL achieves a -51.97% return, which is significantly lower than NKTR's 58.59% return. Over the past 10 years, BOIL has underperformed NKTR with an annualized return of -58.64%, while NKTR has yielded a comparatively higher -11.64% annualized return.
BOIL
- 1D
- -2.65%
- 1M
- -22.34%
- 6M
- -31.80%
- YTD
- -51.97%
- 1Y
- -77.53%
- 3Y*
- -66.23%
- 5Y*
- -68.58%
- 10Y*
- -58.64%
NKTR
- 1D
- -1.83%
- 1M
- 11.25%
- 6M
- 89.62%
- YTD
- 58.59%
- 1Y
- 177.75%
- 3Y*
- 100.75%
- 5Y*
- -22.62%
- 10Y*
- -11.64%
BOIL vs. NKTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -51.97% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
NKTR Nektar Therapeutics | 58.59% | 203.08% | 64.60% | -75.00% | -83.27% | -20.53% | -21.26% | -34.32% | -44.96% | 386.72% |
Correlation
The correlation between BOIL and NKTR is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011 | 0.02 |
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Return for Risk
BOIL vs. NKTR — Risk / Return Rank
BOIL
NKTR
BOIL vs. NKTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Nektar Therapeutics (NKTR). 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 | NKTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -4.18 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.36 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 3.84 | -4.84 |
| Martin ratioReturn relative to average drawdown | -1.40 | 8.01 | -9.40 |
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Drawdowns
BOIL vs. NKTR - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum NKTR drawdown of -99.61%. Use the drawdown chart below to compare losses from any high point for BOIL and NKTR.
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Drawdown Indicators
| BOIL | NKTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.61% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -77.83% | -46.54% | -31.29% |
Max Drawdown (3Y)Largest decline over 3 years | -97.17% | -73.20% | -23.97% |
Max Drawdown (5Y)Largest decline over 5 years | -99.92% | -97.76% | -2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -99.61% | -0.38% |
Current DrawdownCurrent decline from peak | -100.00% | -95.88% | -4.12% |
Average DrawdownAverage peak-to-trough decline | -93.61% | -68.41% | -25.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.55% | 22.30% | +33.25% |
Volatility
BOIL vs. NKTR - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) and Nektar Therapeutics (NKTR) have volatilities of 19.67% and 19.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOIL | NKTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.67% | 19.62% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 100.26% | 61.08% | +39.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.81% | 90.70% | +21.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.02% | 122.08% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.73% | 97.24% | +4.49% |
Dividends
BOIL vs. NKTR - Dividend Comparison
Neither BOIL nor NKTR has paid dividends to shareholders.
Frequently Asked Questions
BOIL and NKTR have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (19.67%) compared to NKTR (19.62%). In terms of maximum drawdown, BOIL dropped -100.00% vs NKTR's -99.61%.
NKTR currently has the higher Sharpe Ratio (1.97 vs -0.69), 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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