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.
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.
Performance
BOIL vs. ^GSPC - Performance Comparison
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Key characteristics
BOIL:
-0.29
^GSPC:
0.64
BOIL:
0.20
^GSPC:
1.03
BOIL:
1.02
^GSPC:
1.15
BOIL:
-0.36
^GSPC:
0.67
BOIL:
-0.70
^GSPC:
2.53
BOIL:
51.03%
^GSPC:
5.02%
BOIL:
109.24%
^GSPC:
19.79%
BOIL:
-100.00%
^GSPC:
-56.78%
BOIL:
-99.99%
^GSPC:
-3.39%
Returns By Period
In the year-to-date period, BOIL achieves a 0.00% return, which is significantly lower than ^GSPC's 0.92% return. Over the past 10 years, BOIL has underperformed ^GSPC with an annualized return of -55.81%, while ^GSPC has yielded a comparatively higher 10.99% annualized return.
BOIL
0.00%
-15.28%
32.12%
-31.13%
-82.85%
-56.21%
-55.81%
^GSPC
0.92%
4.38%
-1.84%
12.48%
13.05%
13.71%
10.99%
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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.
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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.
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Volatility
BOIL vs. ^GSPC - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 34.76% compared to S&P 500 (^GSPC) at 4.76%. 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.
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