BOIL vs. UNG
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and United States Natural Gas Fund LP (UNG).
BOIL and UNG 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. UNG is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Natural Gas. It was launched on Apr 18, 2007. Both BOIL and UNG 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 UNG.
Key characteristics
| BOIL | UNG | |
|---|---|---|
| YTD Return | -53.02% | -28.90% |
| 1Y Return | -80.69% | -48.43% |
| 3Y Return (Ann) | -69.22% | -29.07% |
| 5Y Return (Ann) | -67.38% | -30.36% |
| 10Y Return (Ann) | -61.96% | -28.63% |
| Sharpe Ratio | -0.86 | -0.94 |
| Daily Std Dev | 95.39% | 54.27% |
| Max Drawdown | -100.00% | -99.83% |
| Current Drawdown | -100.00% | -99.82% |
Correlation
The correlation between BOIL and UNG is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BOIL vs. UNG - Performance Comparison
In the year-to-date period, BOIL achieves a -53.02% return, which is significantly lower than UNG's -28.90% return. Over the past 10 years, BOIL has underperformed UNG with an annualized return of -61.96%, while UNG has yielded a comparatively higher -28.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BOIL vs. UNG - Expense Ratio Comparison
Risk-Adjusted Performance
BOIL vs. UNG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and United States Natural Gas Fund LP (UNG). 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. UNG - Dividend Comparison
Neither BOIL nor UNG has paid dividends to shareholders.
Drawdowns
BOIL vs. UNG - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum UNG drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for BOIL and UNG. For additional features, visit the drawdowns tool.
Volatility
BOIL vs. UNG - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 21.81% compared to United States Natural Gas Fund LP (UNG) at 12.54%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than UNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.