BOIL vs. OILU
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU).
BOIL and OILU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. OILU is managed by BMO. It was launched on Mar 24, 2017.
Performance
BOIL vs. OILU - Performance Comparison
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BOIL vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -29.61% | -58.98% | -60.75% | -92.00% | -31.85% | -50.60% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 137.69% | -16.50% | -21.65% | -32.50% | 151.08% | -17.87% |
Returns By Period
In the year-to-date period, BOIL achieves a -29.61% return, which is significantly lower than OILU's 137.69% return.
BOIL
- 1D
- 0.75%
- 1M
- -1.95%
- YTD
- -29.61%
- 6M
- -46.25%
- 1Y
- -81.20%
- 3Y*
- -64.52%
- 5Y*
- -62.47%
- 10Y*
- -55.56%
OILU
- 1D
- -4.17%
- 1M
- 33.09%
- YTD
- 137.69%
- 6M
- 126.29%
- 1Y
- 64.88%
- 3Y*
- 11.21%
- 5Y*
- —
- 10Y*
- —
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BOIL vs. OILU - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than OILU's 0.95% expense ratio.
Return for Risk
BOIL vs. OILU — Risk / Return Rank
BOIL
OILU
BOIL vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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 | OILU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.68 | 0.86 | -1.53 |
Sortino ratioReturn per unit of downside risk | -1.00 | 1.43 | -2.43 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.21 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.99 | 1.36 | -2.35 |
Martin ratioReturn relative to average drawdown | -1.33 | 2.31 | -3.63 |
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 | OILU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | 0.86 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.24 | -0.85 |
Correlation
The correlation between BOIL and OILU is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BOIL vs. OILU - Dividend Comparison
Neither BOIL nor OILU has paid dividends to shareholders.
Drawdowns
BOIL vs. OILU - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than OILU's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for BOIL and OILU.
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Drawdown Indicators
| BOIL | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -81.00% | -19.00% |
Max Drawdown (1Y)Largest decline over 1 year | -81.53% | -52.04% | -29.49% |
Max Drawdown (5Y)Largest decline over 5 years | -99.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -36.07% | -63.93% |
Average DrawdownAverage peak-to-trough decline | -93.51% | -50.73% | -42.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.91% | 30.72% | +30.19% |
Volatility
BOIL vs. OILU - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 29.44% compared to MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) at 16.19%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOIL | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.44% | 16.19% | +13.25% |
Volatility (6M)Calculated over the trailing 6-month period | 109.34% | 42.42% | +66.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 120.51% | 76.32% | +44.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.61% | 81.18% | +37.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.94% | 81.18% | +20.76% |