BOIL vs. SCO
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares UltraShort Bloomberg Crude Oil (SCO).
BOIL and SCO 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. SCO is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%). It was launched on Nov 24, 2008. Both BOIL and SCO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOIL or SCO.
Performance
BOIL vs. SCO - Performance Comparison
Returns By Period
In the year-to-date period, BOIL achieves a -63.87% return, which is significantly lower than SCO's -15.80% return. Over the past 10 years, BOIL has underperformed SCO with an annualized return of -61.47%, while SCO has yielded a comparatively higher -27.25% annualized return.
BOIL
-63.87%
20.47%
-51.96%
-75.96%
-66.96%
-61.47%
SCO
-15.80%
0.17%
1.62%
-6.34%
-42.42%
-27.25%
Key characteristics
| BOIL | SCO | |
|---|---|---|
| Sharpe Ratio | -0.76 | -0.08 |
| Sortino Ratio | -1.26 | 0.22 |
| Omega Ratio | 0.87 | 1.02 |
| Calmar Ratio | -0.75 | -0.04 |
| Martin Ratio | -1.17 | -0.18 |
| Ulcer Index | 64.49% | 21.27% |
| Daily Std Dev | 99.19% | 46.80% |
| Max Drawdown | -100.00% | -99.50% |
| Current Drawdown | -99.99% | -99.41% |
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BOIL vs. SCO - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than SCO's 0.95% expense ratio.
Correlation
The correlation between BOIL and SCO is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
BOIL vs. SCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares UltraShort Bloomberg Crude Oil (SCO). 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.
Dividends
BOIL vs. SCO - Dividend Comparison
Neither BOIL nor SCO has paid dividends to shareholders.
Drawdowns
BOIL vs. SCO - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum SCO drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for BOIL and SCO. For additional features, visit the drawdowns tool.
Volatility
BOIL vs. SCO - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 33.22% compared to ProShares UltraShort Bloomberg Crude Oil (SCO) at 16.41%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than SCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.