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BOIL vs. UVXY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BOIL vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BOIL achieves a -36.77% return, which is significantly lower than UVXY's -19.06% return. Over the past 10 years, BOIL has outperformed UVXY with an annualized return of -56.95%, while UVXY has yielded a comparatively lower -72.67% 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%

UVXY

1D
-0.24%
1M
-22.10%
YTD
-19.06%
6M
-37.37%
1Y
-72.91%
3Y*
-64.55%
5Y*
-67.90%
10Y*
-72.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BOIL vs. UVXY - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
UVXY
ProShares Ultra VIX Short-Term Futures ETF
-19.06%-65.32%-50.90%-87.70%-44.81%-88.33%-17.38%-84.23%60.10%-94.17%

Correlation

The correlation between BOIL and UVXY is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

-0.05

Correlation (10Y)
Calculated over the trailing 10-year period

-0.04

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2011

-0.03

The correlation between BOIL and UVXY shifts across timeframes, from -0.05 (5 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.

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Return for Risk

BOIL vs. UVXY — Risk / Return Rank

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

BOIL
BOIL Risk / Return Rank: 33
Overall Rank
BOIL Sharpe Ratio Rank: 33
Sharpe Ratio Rank
BOIL Sortino Ratio Rank: 44
Sortino Ratio Rank
BOIL Omega Ratio Rank: 33
Omega Ratio Rank
BOIL Calmar Ratio Rank: 11
Calmar Ratio Rank
BOIL Martin Ratio Rank: 33
Martin Ratio Rank

UVXY
UVXY Risk / Return Rank: 11
Overall Rank
UVXY Sharpe Ratio Rank: 22
Sharpe Ratio Rank
UVXY Sortino Ratio Rank: 11
Sortino Ratio Rank
UVXY Omega Ratio Rank: 11
Omega Ratio Rank
UVXY Calmar Ratio Rank: 11
Calmar Ratio Rank
UVXY Martin Ratio Rank: 22
Martin Ratio Rank
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. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.


BOILUVXYDifference
Sharpe ratioReturn per unit of total volatility

+0.21

Sortino ratioReturn per unit of downside risk

+0.82

Omega ratioGain probability vs. loss probability

0.90

0.82

+0.08

Calmar ratioReturn relative to maximum drawdown

-0.92

-0.97

+0.05

Martin ratioReturn relative to average drawdown

-1.26

-1.31

+0.06

BOIL vs. UVXY - Sharpe Ratio Comparison

The current BOIL Sharpe Ratio is -0.66, which is comparable to the UVXY Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of BOIL and UVXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


BOILUVXYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.66

-0.87

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.55

-0.66

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.56

-0.64

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.61

-0.68

+0.07

Drawdowns

BOIL vs. UVXY - Drawdown Comparison

The maximum BOIL drawdown since its inception was -100.00%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BOIL and UVXY.


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Drawdown Indicators


BOILUVXYDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-100.00%

0.00%

Max Drawdown (1Y)

Largest decline over 1 year

-80.85%

-75.22%

-5.63%

Max Drawdown (3Y)

Largest decline over 3 years

-96.86%

-95.45%

-1.41%

Max Drawdown (5Y)

Largest decline over 5 years

-99.91%

-99.68%

-0.23%

Max Drawdown (10Y)

Largest decline over 10 years

-99.99%

-100.00%

+0.01%

Current Drawdown

Current decline from peak

-100.00%

-100.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-93.59%

-98.55%

+4.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

59.20%

55.63%

+3.57%

Volatility

BOIL vs. UVXY - Volatility Comparison

ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 23.95% compared to ProShares Ultra VIX Short-Term Futures ETF (UVXY) at 11.77%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BOILUVXYDifference

Volatility (1M)

Calculated over the trailing 1-month period

23.95%

11.77%

+12.18%

Volatility (6M)

Calculated over the trailing 6-month period

107.61%

62.64%

+44.97%

Volatility (1Y)

Calculated over the trailing 1-year period

113.64%

84.42%

+29.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

118.89%

103.85%

+15.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

101.81%

113.82%

-12.01%

BOIL vs. UVXY - Expense Ratio Comparison

BOIL has a 1.31% expense ratio, which is higher than UVXY's 0.95% expense ratio.


Dividends

BOIL vs. UVXY - Dividend Comparison

Neither BOIL nor UVXY has paid dividends to shareholders.


Tickers have no history of dividend payments

Frequently Asked Questions


BOIL and UVXY have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BOIL has higher volatility (23.95%) compared to UVXY (11.77%). In terms of maximum drawdown, BOIL dropped -100.00% vs UVXY's -100.00%.

On 10-year performance, BOIL leads with -56.95% vs -72.67% for UVXY. On fees, UVXY is cheaper at 0.95% per year. On volatility, UVXY has been the lower-risk option at 11.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, BOIL has performed better with a -56.95% return vs -72.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

UVXY is cheaper with a 0.95% expense ratio, compared with 1.31% for BOIL.

BOIL and UVXY have nearly identical dividend yields, around 0.00%.

BOIL is categorized as Leveraged Commodities, while UVXY is Volatility. BOIL tracks Bloomberg Natural Gas Subindex, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 1.31% for BOIL and 0.95% for UVXY.

BOIL currently has the higher Sharpe Ratio (-0.66 vs -0.87), 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.

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