Correlation
The correlation between BOIL and ^DJUSEN 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.
BOIL vs. ^DJUSEN
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and Dow Jones U.S. Oil & Gas Index (^DJUSEN).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOIL or ^DJUSEN.
Performance
BOIL vs. ^DJUSEN - Performance Comparison
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Key characteristics
BOIL:
-0.29
^DJUSEN:
-0.43
BOIL:
0.20
^DJUSEN:
-0.30
BOIL:
1.02
^DJUSEN:
0.96
BOIL:
-0.36
^DJUSEN:
-0.34
BOIL:
-0.70
^DJUSEN:
-1.03
BOIL:
51.03%
^DJUSEN:
8.35%
BOIL:
109.24%
^DJUSEN:
24.76%
BOIL:
-100.00%
^DJUSEN:
-77.35%
BOIL:
-99.99%
^DJUSEN:
-19.36%
Returns By Period
In the year-to-date period, BOIL achieves a 0.00% return, which is significantly higher than ^DJUSEN's -4.31% return. Over the past 10 years, BOIL has underperformed ^DJUSEN with an annualized return of -55.81%, while ^DJUSEN has yielded a comparatively higher 0.59% annualized return.
BOIL
0.00%
-15.28%
32.12%
-31.13%
-82.85%
-56.21%
-55.81%
^DJUSEN
-4.31%
0.20%
-12.37%
-10.69%
-2.03%
15.25%
0.59%
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Risk-Adjusted Performance
BOIL vs. ^DJUSEN — Risk-Adjusted Performance Rank
BOIL
^DJUSEN
BOIL vs. ^DJUSEN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Dow Jones U.S. Oil & Gas Index (^DJUSEN). 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.
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Drawdowns
BOIL vs. ^DJUSEN - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than ^DJUSEN's maximum drawdown of -77.35%. Use the drawdown chart below to compare losses from any high point for BOIL and ^DJUSEN.
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Volatility
BOIL vs. ^DJUSEN - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 34.76% compared to Dow Jones U.S. Oil & Gas Index (^DJUSEN) at 5.50%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than ^DJUSEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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