FNGD vs. BOIL
Compare and contrast key facts about MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and ProShares Ultra Bloomberg Natural Gas (BOIL).
FNGD and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGD is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index (-300%). It was launched on Jan 22, 2018. 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 FNGD 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.
Performance
FNGD vs. BOIL - Performance Comparison
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FNGD vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN | 40.23% | -61.42% | -76.57% | -90.14% | 52.21% | -60.04% | -95.60% | -72.46% | -13.73% |
BOIL ProShares Ultra Bloomberg Natural Gas | -29.61% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -28.67% |
Returns By Period
In the year-to-date period, FNGD achieves a 40.23% return, which is significantly higher than BOIL's -29.61% return.
FNGD
- 1D
- -13.84%
- 1M
- 10.30%
- YTD
- 40.23%
- 6M
- 44.34%
- 1Y
- -59.51%
- 3Y*
- -65.85%
- 5Y*
- -59.96%
- 10Y*
- —
BOIL
- 1D
- 0.75%
- 1M
- -1.95%
- YTD
- -29.61%
- 6M
- -46.25%
- 1Y
- -81.20%
- 3Y*
- -64.52%
- 5Y*
- -62.47%
- 10Y*
- -55.56%
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FNGD vs. BOIL - Expense Ratio Comparison
FNGD has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Return for Risk
FNGD vs. BOIL — Risk / Return Rank
FNGD
BOIL
FNGD vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) 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.
| FNGD | BOIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.76 | -0.68 | -0.08 |
Sortino ratioReturn per unit of downside risk | -0.93 | -1.00 | +0.07 |
Omega ratioGain probability vs. loss probability | 0.87 | 0.88 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.99 | +0.27 |
Martin ratioReturn relative to average drawdown | -0.82 | -1.33 | +0.50 |
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
| FNGD | BOIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | -0.68 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.68 | -0.53 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.61 | -0.14 |
Correlation
The correlation between FNGD and BOIL is -0.04. 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.
Dividends
FNGD vs. BOIL - Dividend Comparison
Neither FNGD nor BOIL has paid dividends to shareholders.
Drawdowns
FNGD vs. BOIL - Drawdown Comparison
The maximum FNGD drawdown since its inception was -100.00%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FNGD and BOIL.
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Drawdown Indicators
| FNGD | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -100.00% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -82.53% | -81.53% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -99.53% | -99.88% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.98% | — |
Current DrawdownCurrent decline from peak | -99.99% | -100.00% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -86.98% | -93.51% | +6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.84% | 60.91% | +10.93% |
Volatility
FNGD vs. BOIL - Volatility Comparison
The current volatility for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) is 24.51%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 29.44%. This indicates that FNGD 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
| FNGD | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.51% | 29.44% | -4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 45.21% | 109.34% | -64.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.65% | 120.51% | -41.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.85% | 118.61% | -29.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.51% | 101.94% | -10.43% |