DRIP vs. BOIL
Compare and contrast key facts about Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and ProShares Ultra Bloomberg Natural Gas (BOIL).
DRIP and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. 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. Both DRIP and BOIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRIP or BOIL.
Key characteristics
| DRIP | BOIL | |
|---|---|---|
| YTD Return | -19.43% | -46.06% |
| 1Y Return | -41.49% | -73.82% |
| 3Y Return (Ann) | -53.85% | -68.66% |
| 5Y Return (Ann) | -53.36% | -66.63% |
| Sharpe Ratio | -0.91 | -0.75 |
| Daily Std Dev | 46.14% | 95.82% |
| Max Drawdown | -99.90% | -100.00% |
| Current Drawdown | -99.88% | -100.00% |
Correlation
The correlation between DRIP and BOIL is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DRIP vs. BOIL - Performance Comparison
In the year-to-date period, DRIP achieves a -19.43% return, which is significantly higher than BOIL's -46.06% 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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DRIP vs. BOIL - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Risk-Adjusted Performance
DRIP vs. BOIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) 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.
Dividends
DRIP vs. BOIL - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 5.39%, while BOIL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 5.39% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRIP vs. BOIL - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.90%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for DRIP and BOIL. For additional features, visit the drawdowns tool.
Volatility
DRIP vs. BOIL - Volatility Comparison
The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) is 11.63%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 22.92%. This indicates that DRIP 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.