FPEI vs. BOIL
FPEI (First Trust Institutional Preferred Securities & Income ETF) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - FPEI is a Preferred Stock/Convertible Bonds fund actively managed by First Trust, while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. FPEI is actively managed, while BOIL is passively managed. Over the past 5 years, FPEI returned 4.07%/yr vs -68.58%/yr for BOIL. At a 0.03 correlation, their price movements are largely independent. FPEI charges 0.85%/yr vs 1.31%/yr for BOIL.
Performance
FPEI vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, FPEI achieves a 2.19% return, which is significantly higher than BOIL's -51.97% return.
FPEI
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.77%
- YTD
- 2.19%
- 1Y
- 7.46%
- 3Y*
- 10.32%
- 5Y*
- 4.07%
- 10Y*
- —
BOIL
- 1D
- -2.65%
- 1M
- -22.34%
- 6M
- -31.80%
- YTD
- -51.97%
- 1Y
- -77.53%
- 3Y*
- -66.23%
- 5Y*
- -68.58%
- 10Y*
- -58.64%
FPEI vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPEI First Trust Institutional Preferred Securities & Income ETF | 2.19% | 9.82% | 10.94% | 6.29% | -8.19% | 4.63% | 7.08% | 15.86% | -4.29% | 2.07% |
BOIL ProShares Ultra Bloomberg Natural Gas | -51.97% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -27.94% |
Correlation
The correlation between FPEI and BOIL is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2017 | 0.03 |
The correlation between FPEI and BOIL shifts across timeframes, from -0.26 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FPEI vs. BOIL — Risk / Return Rank
FPEI
BOIL
FPEI vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Institutional Preferred Securities & Income ETF (FPEI) 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.
| FPEI | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +4.17 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.87 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -1.00 | +3.06 |
| Martin ratioReturn relative to average drawdown | 10.25 | -1.40 | +11.64 |
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Drawdowns
FPEI vs. BOIL - Drawdown Comparison
The maximum FPEI drawdown since its inception was -27.51%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FPEI and BOIL.
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Drawdown Indicators
| FPEI | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.51% | -100.00% | +72.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -77.83% | +74.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | -97.17% | +92.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -99.92% | +83.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.99% | — |
Current DrawdownCurrent decline from peak | -0.28% | -100.00% | +99.72% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -93.61% | +90.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 55.55% | -54.82% |
Volatility
FPEI vs. BOIL - Volatility Comparison
The current volatility for First Trust Institutional Preferred Securities & Income ETF (FPEI) is 0.63%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 19.67%. This indicates that FPEI 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
| FPEI | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 19.67% | -19.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 100.26% | -97.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 111.81% | -108.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 119.02% | -113.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 101.73% | -92.93% |
FPEI vs. BOIL - Expense Ratio Comparison
FPEI has a 0.85% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Dividends
FPEI vs. BOIL - Dividend Comparison
FPEI's dividend yield for the trailing twelve months is around 5.74%, while BOIL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.74% | 5.62% | 5.55% | 5.76% | 5.20% | 4.46% | 4.90% | 5.02% | 5.81% | 1.50% |
Frequently Asked Questions
FPEI and BOIL have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (19.67%) compared to FPEI (0.63%). In terms of maximum drawdown, FPEI dropped -27.51% vs BOIL's -100.00%.
On 5-year performance, FPEI leads with 4.07% vs -68.58% for BOIL. On fees, FPEI is cheaper at 0.85% per year. On volatility, FPEI has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FPEI has performed better with a 4.07% return vs -68.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FPEI is cheaper with a 0.85% expense ratio, compared with 1.31% for BOIL.
FPEI has the higher dividend yield at 5.74%, compared with 0.00% for BOIL.
FPEI is categorized as Preferred Stock/Convertible Bonds, while BOIL is Oil & Gas. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.85% for FPEI and 1.31% for BOIL.
FPEI currently has the higher Sharpe Ratio (2.01 vs -0.69), 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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