DJP vs. BOIL
DJP (iPath Bloomberg Commodity Index Total Return ETN) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - DJP is a Commodities fund tracking the Bloomberg Commodity Index, while BOIL is a Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past 10 years, DJP returned 7.36%/yr vs -56.95%/yr for BOIL. At a 0.41 correlation, their price movements are largely independent. DJP charges 0.70%/yr vs 1.31%/yr for BOIL.
Performance
DJP vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, DJP achieves a 30.63% return, which is significantly higher than BOIL's -36.77% return. Over the past 10 years, DJP has outperformed BOIL with an annualized return of 7.36%, while BOIL has yielded a comparatively lower -56.95% annualized return.
DJP
- 1D
- 0.02%
- 1M
- -3.31%
- YTD
- 30.63%
- 6M
- 29.34%
- 1Y
- 44.52%
- 3Y*
- 17.94%
- 5Y*
- 12.46%
- 10Y*
- 7.36%
BOIL
- 1D
- 4.32%
- 1M
- 4.62%
- YTD
- -36.77%
- 6M
- -62.98%
- 1Y
- -74.31%
- 3Y*
- -60.61%
- 5Y*
- -64.63%
- 10Y*
- -56.95%
DJP vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DJP iPath Bloomberg Commodity Index Total Return ETN | 30.63% | 17.20% | 5.59% | -9.85% | 17.46% | 31.05% | -4.12% | 7.63% | -13.07% | 0.74% |
BOIL ProShares Ultra Bloomberg Natural Gas | -36.77% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
Correlation
The correlation between DJP and BOIL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2011 | 0.41 |
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Return for Risk
DJP vs. BOIL — Risk / Return Rank
DJP
BOIL
DJP vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) 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.
| DJP | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.90 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | -0.92 | +6.12 |
| Martin ratioReturn relative to average drawdown | 13.30 | -1.26 | +14.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DJP | BOIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | -0.66 | +3.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | -0.55 | +1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | -0.56 | +0.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.61 | +0.62 |
Drawdowns
DJP vs. BOIL - Drawdown Comparison
The maximum DJP drawdown since its inception was -78.35%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for DJP and BOIL.
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Drawdown Indicators
| DJP | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.35% | -100.00% | +21.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -80.85% | +72.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -96.86% | +83.45% |
Max Drawdown (5Y)Largest decline over 5 years | -28.98% | -99.91% | +70.93% |
Max Drawdown (10Y)Largest decline over 10 years | -38.36% | -99.99% | +61.63% |
Current DrawdownCurrent decline from peak | -32.82% | -100.00% | +67.18% |
Average DrawdownAverage peak-to-trough decline | -50.86% | -93.59% | +42.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 59.20% | -55.84% |
Volatility
DJP vs. BOIL - Volatility Comparison
The current volatility for iPath Bloomberg Commodity Index Total Return ETN (DJP) is 5.85%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.95%. This indicates that DJP 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
| DJP | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 23.95% | -18.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 107.61% | -90.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.92% | 113.64% | -94.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 118.89% | -99.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 101.81% | -84.75% |
DJP vs. BOIL - Expense Ratio Comparison
DJP has a 0.70% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Dividends
DJP vs. BOIL - Dividend Comparison
Neither DJP nor BOIL has paid dividends to shareholders.
Frequently Asked Questions
DJP and BOIL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (23.95%) compared to DJP (5.85%). In terms of maximum drawdown, DJP dropped -78.35% vs BOIL's -100.00%.
On 10-year performance, DJP leads with 7.36% vs -56.95% for BOIL. On fees, DJP is cheaper at 0.70% per year. On volatility, DJP has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DJP has performed better with a 7.36% return vs -56.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DJP is cheaper with a 0.70% expense ratio, compared with 1.31% for BOIL.
DJP and BOIL have nearly identical dividend yields, around 0.00%.
DJP is categorized as Commodities, while BOIL is Leveraged Commodities. DJP tracks Bloomberg Commodity Index, while BOIL tracks Bloomberg Natural Gas Subindex. They also come from different issuers: Barclays Capital and ProShares. Their fees differ too: 0.70% for DJP and 1.31% for BOIL.
DJP currently has the higher Sharpe Ratio (2.36 vs -0.66), 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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