BOIL vs. SPY
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and SPDR S&P 500 ETF (SPY).
BOIL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BOIL and SPY 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 SPY.
Performance
BOIL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, BOIL achieves a -69.63% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, BOIL has underperformed SPY with an annualized return of -62.36%, while SPY has yielded a comparatively higher 13.07% annualized return.
BOIL
-69.63%
7.44%
-57.24%
-79.87%
-67.79%
-62.36%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| BOIL | SPY | |
|---|---|---|
| Sharpe Ratio | -0.82 | 2.69 |
| Sortino Ratio | -1.64 | 3.59 |
| Omega Ratio | 0.83 | 1.50 |
| Calmar Ratio | -0.81 | 3.89 |
| Martin Ratio | -1.26 | 17.53 |
| Ulcer Index | 64.25% | 1.87% |
| Daily Std Dev | 98.31% | 12.15% |
| Max Drawdown | -100.00% | -55.19% |
| Current Drawdown | -100.00% | -1.41% |
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BOIL vs. SPY - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between BOIL and SPY is 0.06, 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.
Risk-Adjusted Performance
BOIL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
BOIL has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BOIL vs. SPY - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BOIL and SPY. For additional features, visit the drawdowns tool.
Volatility
BOIL vs. SPY - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 30.88% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.