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.
Correlation
The correlation between DRIP and BOIL is 0.07, 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
DRIP vs. BOIL - Performance Comparison
Key characteristics
DRIP:
0.79
BOIL:
-0.32
DRIP:
1.57
BOIL:
0.21
DRIP:
1.20
BOIL:
1.02
DRIP:
0.51
BOIL:
-0.34
DRIP:
3.78
BOIL:
-0.71
DRIP:
13.42%
BOIL:
48.59%
DRIP:
63.95%
BOIL:
107.29%
DRIP:
-99.90%
BOIL:
-100.00%
DRIP:
-99.83%
BOIL:
-100.00%
Returns By Period
In the year-to-date period, DRIP achieves a 15.62% return, which is significantly higher than BOIL's -12.59% return.
DRIP
15.62%
20.48%
16.69%
53.75%
-57.41%
N/A
BOIL
-12.59%
-34.68%
3.15%
-28.14%
-60.32%
-56.55%
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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 Rank
DRIP
BOIL
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 3.30%, while BOIL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.30% | 4.38% | 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% | 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
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 43.77% compared to ProShares Ultra Bloomberg Natural Gas (BOIL) at 34.81%. This indicates that DRIP's price experiences larger fluctuations and is considered to be riskier than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.