BOIL vs. ^GSPC
Compare and contrast key facts about ProShares Ultra Bloomberg Natural Gas (BOIL) and S&P 500 (^GSPC).
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 ^GSPC.
Correlation
The correlation between BOIL and ^GSPC 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.
Performance
BOIL vs. ^GSPC - Performance Comparison
Key characteristics
BOIL:
0.23
^GSPC:
1.74
BOIL:
1.10
^GSPC:
2.36
BOIL:
1.12
^GSPC:
1.32
BOIL:
0.24
^GSPC:
2.62
BOIL:
0.51
^GSPC:
10.69
BOIL:
47.24%
^GSPC:
2.08%
BOIL:
105.93%
^GSPC:
12.76%
BOIL:
-100.00%
^GSPC:
-56.78%
BOIL:
-99.99%
^GSPC:
-0.43%
Returns By Period
In the year-to-date period, BOIL achieves a 58.96% return, which is significantly higher than ^GSPC's 4.01% return. Over the past 10 years, BOIL has underperformed ^GSPC with an annualized return of -55.45%, while ^GSPC has yielded a comparatively higher 11.26% annualized return.
BOIL
58.96%
40.66%
89.39%
4.20%
-57.26%
-55.45%
^GSPC
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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Risk-Adjusted Performance
BOIL vs. ^GSPC — Risk-Adjusted Performance Rank
BOIL
^GSPC
BOIL vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and S&P 500 (^GSPC). 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.
Drawdowns
BOIL vs. ^GSPC - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BOIL and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BOIL vs. ^GSPC - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 36.73% compared to S&P 500 (^GSPC) at 3.01%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.