DGP vs. BOIL
DGP (DB Gold Double Long Exchange Traded Notes) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - DGP is a Leveraged Commodities fund tracking the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past 10 years, DGP returned 17.25%/yr vs -57.84%/yr for BOIL. At a 0.00 correlation, their price movements are largely independent. DGP charges 0.75%/yr vs 1.31%/yr for BOIL.
Performance
DGP vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, DGP achieves a -14.58% return, which is significantly higher than BOIL's -41.05% return. Over the past 10 years, DGP has outperformed BOIL with an annualized return of 17.25%, while BOIL has yielded a comparatively lower -57.84% annualized return.
DGP
- 1D
- -3.65%
- 1M
- -17.84%
- YTD
- -14.58%
- 6M
- -21.57%
- 1Y
- 32.14%
- 3Y*
- 49.95%
- 5Y*
- 29.64%
- 10Y*
- 17.25%
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%
DGP vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGP DB Gold Double Long Exchange Traded Notes | -14.58% | 141.40% | 53.16% | 16.97% | -5.54% | -11.29% | 45.29% | 32.27% | -7.48% | 24.20% |
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% |
Correlation
The correlation between DGP and BOIL is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011 | 0.00 |
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Return for Risk
DGP vs. BOIL — Risk / Return Rank
DGP
BOIL
DGP vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DB Gold Double Long Exchange Traded Notes (DGP) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.
| DGP | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.89 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.98 | +1.71 |
| Martin ratioReturn relative to average drawdown | 1.93 | -1.36 | +3.29 |
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Drawdowns
DGP vs. BOIL - Drawdown Comparison
The maximum DGP drawdown since its inception was -75.31%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for DGP and BOIL.
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Drawdown Indicators
| DGP | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.31% | -100.00% | +24.69% |
Max Drawdown (1Y)Largest decline over 1 year | -43.98% | -77.43% | +33.45% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -96.86% | +52.88% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -99.91% | +48.67% |
Max Drawdown (10Y)Largest decline over 10 years | -51.24% | -99.99% | +48.75% |
Current DrawdownCurrent decline from peak | -43.16% | -100.00% | +56.84% |
Average DrawdownAverage peak-to-trough decline | -41.08% | -93.59% | +52.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.71% | 56.83% | -40.12% |
Volatility
DGP vs. BOIL - Volatility Comparison
The current volatility for DB Gold Double Long Exchange Traded Notes (DGP) is 17.11%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.63%. This indicates that DGP experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGP | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.11% | 23.63% | -6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 48.95% | 104.46% | -55.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.67% | 113.44% | -58.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.27% | 118.97% | -79.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.31% | 101.84% | -66.53% |
DGP vs. BOIL - Expense Ratio Comparison
DGP has a 0.75% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Dividends
DGP vs. BOIL - Dividend Comparison
Neither DGP nor BOIL has paid dividends to shareholders.
Frequently Asked Questions
DGP and BOIL have a correlation of 0.06, 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 DGP (17.11%). In terms of maximum drawdown, DGP dropped -75.31% vs BOIL's -100.00%.
On 10-year performance, DGP leads with 17.25% vs -57.84% for BOIL. On fees, DGP is cheaper at 0.75% per year. On volatility, DGP has been the lower-risk option at 17.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGP has performed better with a 17.25% return vs -57.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGP is cheaper with a 0.75% expense ratio, compared with 1.31% for BOIL.
DGP and BOIL have nearly identical dividend yields, around 0.00%.
DGP is categorized as Leveraged Commodities, while BOIL is Oil & Gas. DGP tracks Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%), while BOIL tracks Bloomberg Natural Gas Subindex. They also come from different issuers: Deutsche Bank and ProShares. Their fees differ too: 0.75% for DGP and 1.31% for BOIL.
DGP currently has the higher Sharpe Ratio (0.59 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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