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.
Key characteristics
| BOIL | ^GSPC | |
|---|---|---|
| YTD Return | -49.89% | 7.26% |
| 1Y Return | -78.92% | 22.71% |
| 3Y Return (Ann) | -69.36% | 6.99% |
| 5Y Return (Ann) | -67.27% | 11.87% |
| 10Y Return (Ann) | -61.68% | 10.55% |
| Sharpe Ratio | -0.82 | 2.04 |
| Daily Std Dev | 95.78% | 11.60% |
| Max Drawdown | -100.00% | -56.78% |
| Current Drawdown | -100.00% | -2.63% |
Correlation
The correlation between BOIL and ^GSPC is 0.05, 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
In the year-to-date period, BOIL achieves a -49.89% return, which is significantly lower than ^GSPC's 7.26% return. Over the past 10 years, BOIL has underperformed ^GSPC with an annualized return of -61.68%, while ^GSPC has yielded a comparatively higher 10.55% 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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Risk-Adjusted Performance
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 24.28% compared to S&P 500 (^GSPC) at 3.67%. 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.