BOIL vs. VTWO
BOIL (ProShares Ultra Bloomberg Natural Gas) and VTWO (Vanguard Russell 2000 ETF) are both exchange-traded funds - BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex, while VTWO is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, BOIL returned -57.84%/yr vs 11.73%/yr for VTWO. At a 0.02 correlation, their price movements are largely independent. BOIL charges 1.31%/yr vs 0.06%/yr for VTWO.
Performance
BOIL vs. VTWO - Performance Comparison
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Returns By Period
In the year-to-date period, BOIL achieves a -41.05% return, which is significantly lower than VTWO's 20.53% return. Over the past 10 years, BOIL has underperformed VTWO with an annualized return of -57.84%, while VTWO has yielded a comparatively higher 11.73% annualized return.
BOIL
- 1D
- -4.80%
- 1M
- 5.97%
- YTD
- -41.05%
- 6M
- -46.24%
- 1Y
- -75.60%
- 3Y*
- -66.48%
- 5Y*
- -66.38%
- 10Y*
- -57.84%
VTWO
- 1D
- -0.94%
- 1M
- 3.85%
- YTD
- 20.53%
- 6M
- 17.73%
- 1Y
- 41.24%
- 3Y*
- 19.49%
- 5Y*
- 6.45%
- 10Y*
- 11.73%
BOIL vs. VTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -41.05% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
VTWO Vanguard Russell 2000 ETF | 20.53% | 12.90% | 11.55% | 17.08% | -20.49% | 14.79% | 20.22% | 25.81% | -11.15% | 14.69% |
Correlation
The correlation between BOIL and VTWO is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011 | 0.02 |
The correlation between BOIL and VTWO shifts across timeframes, from -0.26 (1 year) to 0.03 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BOIL vs. VTWO — Risk / Return Rank
BOIL
VTWO
BOIL vs. VTWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Vanguard Russell 2000 ETF (VTWO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BOIL | VTWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.34 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 3.77 | -4.75 |
| Martin ratioReturn relative to average drawdown | -1.36 | 13.36 | -14.72 |
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Drawdowns
BOIL vs. VTWO - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than VTWO's maximum drawdown of -41.19%. Use the drawdown chart below to compare losses from any high point for BOIL and VTWO.
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Drawdown Indicators
| BOIL | VTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -41.19% | -58.81% |
Max Drawdown (1Y)Largest decline over 1 year | -77.43% | -10.99% | -66.44% |
Max Drawdown (3Y)Largest decline over 3 years | -96.86% | -27.57% | -69.29% |
Max Drawdown (5Y)Largest decline over 5 years | -99.91% | -31.88% | -68.03% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -41.19% | -58.80% |
Current DrawdownCurrent decline from peak | -100.00% | -0.94% | -99.06% |
Average DrawdownAverage peak-to-trough decline | -93.59% | -8.36% | -85.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.83% | 3.10% | +53.73% |
Volatility
BOIL vs. VTWO - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 23.63% compared to Vanguard Russell 2000 ETF (VTWO) at 6.57%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than VTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOIL | VTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.63% | 6.57% | +17.06% |
Volatility (6M)Calculated over the trailing 6-month period | 104.46% | 14.28% | +90.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.44% | 19.68% | +93.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.97% | 22.56% | +96.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.84% | 23.11% | +78.73% |
BOIL vs. VTWO - Expense Ratio Comparison
BOIL has a 1.31% expense ratio, which is higher than VTWO's 0.06% expense ratio.
Dividends
BOIL vs. VTWO - Dividend Comparison
BOIL has not paid dividends to shareholders, while VTWO's dividend yield for the trailing twelve months is around 1.10%.
| 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% |
VTWO Vanguard Russell 2000 ETF | 1.10% | 1.25% | 1.21% | 1.45% | 1.48% | 1.13% | 0.92% | 1.36% | 1.41% | 1.18% | 1.27% | 1.23% |
Frequently Asked Questions
BOIL and VTWO have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (23.63%) compared to VTWO (6.57%). In terms of maximum drawdown, BOIL dropped -100.00% vs VTWO's -41.19%.
On 10-year performance, VTWO leads with 11.73% vs -57.84% for BOIL. On fees, VTWO is cheaper at 0.06% per year. On volatility, VTWO has been the lower-risk option at 6.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VTWO has performed better with a 11.73% return vs -57.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTWO is cheaper with a 0.06% expense ratio, compared with 1.31% for BOIL.
VTWO has the higher dividend yield at 1.10%, compared with 0.00% for BOIL.
BOIL is categorized as Oil & Gas, while VTWO is Small Cap Blend Equities. BOIL tracks Bloomberg Natural Gas Subindex, while VTWO tracks Russell 2000 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 1.31% for BOIL and 0.06% for VTWO.
VTWO currently has the higher Sharpe Ratio (2.11 vs -0.67), 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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