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 -57.84%/yr vs -11.08%/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 -41.05% return, which is significantly lower than NKTR's 57.73% return. Over the past 10 years, BOIL has underperformed NKTR with an annualized return of -57.84%, while NKTR has yielded a comparatively higher -11.08% annualized return.
BOIL
- 1D
- -4.80%
- 1M
- 5.97%
- YTD
- -41.05%
- 6M
- -46.24%
- 1Y
- -75.60%
- 3Y*
- -66.48%
- 5Y*
- -66.38%
- 10Y*
- -57.84%
NKTR
- 1D
- 1.51%
- 1M
- 0.12%
- YTD
- 57.73%
- 6M
- 50.00%
- 1Y
- 599.06%
- 3Y*
- 97.10%
- 5Y*
- -23.55%
- 10Y*
- -11.08%
BOIL vs. NKTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -41.05% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
NKTR Nektar Therapeutics | 57.73% | 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 -0.00, 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 | -0.00 |
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 | -4.00 | ||
| Sortino ratioReturn per unit of downside risk | -7.44 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.74 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 12.99 | -13.97 |
| Martin ratioReturn relative to average drawdown | -1.36 | 27.75 | -29.11 |
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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 | -77.43% | -46.54% | -30.89% |
Max Drawdown (3Y)Largest decline over 3 years | -96.86% | -73.20% | -23.66% |
Max Drawdown (5Y)Largest decline over 5 years | -99.91% | -97.76% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -99.61% | -0.38% |
Current DrawdownCurrent decline from peak | -100.00% | -95.90% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -93.59% | -68.35% | -25.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.83% | 21.74% | +35.09% |
Volatility
BOIL vs. NKTR - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 23.63% compared to Nektar Therapeutics (NKTR) at 14.19%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than NKTR based on this measure. 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 | 23.63% | 14.19% | +9.44% |
Volatility (6M)Calculated over the trailing 6-month period | 104.46% | 60.56% | +43.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.44% | 181.62% | -68.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.97% | 121.88% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.84% | 97.17% | +4.67% |
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 -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (23.63%) compared to NKTR (14.19%). In terms of maximum drawdown, BOIL dropped -100.00% vs NKTR's -99.61%.
NKTR currently has the higher Sharpe Ratio (3.33 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.
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