BOIL vs. SOCL

Last updated Jun 4, 2026

BOIL (ProShares Ultra Bloomberg Natural Gas) and SOCL (Global X Social Media ETF) are both exchange-traded funds - BOIL is a Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex, while SOCL is a Large Cap Growth Equities fund tracking the Solactive Social Media Index. Both are passively managed. Over the past 10 years, BOIL returned -56.95%/yr vs 9.37%/yr for SOCL. At a 0.01 correlation, their price movements are largely independent. BOIL charges 1.31%/yr vs 0.65%/yr for SOCL.

Performance

BOIL vs. SOCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Bloomberg Natural Gas (BOIL) and Global X Social Media ETF (SOCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOIL achieves a -36.77% return, which is significantly lower than SOCL's -14.38% return. Over the past 10 years, BOIL has underperformed SOCL with an annualized return of -56.95%, while SOCL has yielded a comparatively higher 9.37% annualized return.

BOIL

• 1D: 4.32%
• 1M: 4.62%
• YTD: -36.77%
• 6M: -62.98%
• 1Y: -74.31%
• 3Y*: -60.61%
• 5Y*: -64.63%
• 10Y*: -56.95%

SOCL

• 1D: -2.45%
• 1M: 1.38%
• YTD: -14.38%
• 6M: -14.22%
• 1Y: 0.20%
• 3Y*: 9.38%
• 5Y*: -6.44%
• 10Y*: 9.37%

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

BOIL vs. SOCL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOIL ProShares Ultra Bloomberg Natural Gas	-36.77%	-58.98%	-60.75%	-92.00%	-31.85%	23.84%	-74.74%	-67.70%	-20.55%	-65.72%
SOCL Global X Social Media ETF	-14.38%	31.04%	5.08%	31.08%	-42.23%	-12.84%	78.35%	25.74%	-16.39%	54.65%

Correlation

The correlation between BOIL and SOCL is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Nov 16, 2011	0.01

The correlation between BOIL and SOCL shifts across timeframes, from -0.11 (1 year) to 0.02 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

BOIL vs. SOCL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOIL

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

SOCL

SOCL Risk / Return Rank: 9
SOCL Sharpe Ratio Rank: 9
SOCL Sortino Ratio Rank: 9
SOCL Omega Ratio Rank: 9
SOCL Calmar Ratio Rank: 9
SOCL Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOIL vs. SOCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Global X Social Media ETF (SOCL). 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	SOCL	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	0.01	-0.66
Sortino ratio: Return per unit of downside risk	-0.78	0.18	-0.96
Omega ratio: Gain probability vs. loss probability	0.90	1.02	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.92	0.01	-0.93
Martin ratio: Return relative to average drawdown	-1.26	0.01	-1.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOIL vs. SOCL - Sharpe Ratio Comparison

The current BOIL Sharpe Ratio is -0.66, which is lower than the SOCL Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of BOIL and SOCL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BOIL	SOCL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.66	0.01	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.55	-0.22	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.56	0.34	-0.90
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	0.32	-0.94

Drawdowns

BOIL vs. SOCL - Drawdown Comparison

The maximum BOIL drawdown since its inception was -100.00%, which is greater than SOCL's maximum drawdown of -68.70%. Use the drawdown chart below to compare losses from any high point for BOIL and SOCL.

Drawdown Indicators

	BOIL	SOCL	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-68.70%	-31.30%
Max Drawdown (1Y) Largest decline over 1 year	-80.85%	-33.52%	-47.33%
Max Drawdown (3Y) Largest decline over 3 years	-96.86%	-33.52%	-63.34%
Max Drawdown (5Y) Largest decline over 5 years	-99.91%	-66.32%	-33.59%
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	-68.70%	-31.29%
Current Drawdown Current decline from peak	-100.00%	-38.48%	-61.52%
Average Drawdown Average peak-to-trough decline	-93.59%	-21.95%	-71.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.20%	15.68%	+43.52%

Volatility

BOIL vs. SOCL - Volatility Comparison

ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 23.95% compared to Global X Social Media ETF (SOCL) at 6.88%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than SOCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOIL	SOCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.95%	6.88%	+17.07%
Volatility (6M) Calculated over the trailing 6-month period	107.61%	17.76%	+89.85%
Volatility (1Y) Calculated over the trailing 1-year period	113.64%	23.24%	+90.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.89%	29.68%	+89.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.81%	27.55%	+74.26%

BOIL vs. SOCL - Expense Ratio Comparison

BOIL has a 1.31% expense ratio, which is higher than SOCL's 0.65% expense ratio.

Dividends

BOIL vs. SOCL - Dividend Comparison

BOIL has not paid dividends to shareholders, while SOCL's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOIL ProShares Ultra Bloomberg Natural Gas	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOCL Global X Social Media ETF	0.50%	0.43%	0.25%	0.61%	0.39%	0.00%	0.00%	0.00%	0.00%	1.49%	0.18%	0.01%

Frequently Asked Questions

Can I hold both BOIL and SOCL in my portfolio?

BOIL and SOCL have a correlation of -0.11, 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 SOCL?

BOIL has higher volatility (23.95%) compared to SOCL (6.88%). In terms of maximum drawdown, BOIL dropped -100.00% vs SOCL's -68.70%.

Which ETF is better, BOIL or SOCL?

On 10-year performance, SOCL leads with 9.37% vs -56.95% for BOIL. On fees, SOCL is cheaper at 0.65% per year. On volatility, SOCL has been the lower-risk option at 6.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOIL or SOCL?

Over the 10-year period, SOCL has performed better with a 9.37% return vs -56.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOIL or SOCL?

SOCL is cheaper with a 0.65% expense ratio, compared with 1.31% for BOIL.

Which ETF pays a higher dividend yield, BOIL or SOCL?

SOCL has the higher dividend yield at 0.50%, compared with 0.00% for BOIL.

What is the main difference between BOIL and SOCL?

BOIL is categorized as Leveraged Commodities, while SOCL is Large Cap Growth Equities. BOIL tracks Bloomberg Natural Gas Subindex, while SOCL tracks Solactive Social Media Index. They also come from different issuers: ProShares and Global X. Their fees differ too: 1.31% for BOIL and 0.65% for SOCL.

Which has better risk-adjusted returns?

SOCL currently has the higher Sharpe Ratio (0.01 vs -0.66), 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.