GSSC vs. BOIL
GSSC (Goldman Sachs ActiveBeta US Small Cap Equity ETF) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - GSSC is a Small Cap Growth Equities fund tracking the Goldman Sachs ActiveBeta U.S. Small Cap Equity Index, while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past 5 years, GSSC returned 9.08%/yr vs -68.31%/yr for BOIL. At a 0.04 correlation, their price movements are largely independent. GSSC charges 0.20%/yr vs 1.31%/yr for BOIL.
Performance
GSSC vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, GSSC achieves a 19.67% return, which is significantly higher than BOIL's -51.24% return.
GSSC
- 1D
- 0.29%
- 1M
- 2.33%
- 6M
- 14.47%
- YTD
- 19.67%
- 1Y
- 29.93%
- 3Y*
- 16.68%
- 5Y*
- 9.08%
- 10Y*
- —
BOIL
- 1D
- 2.15%
- 1M
- -16.55%
- 6M
- -39.97%
- YTD
- -51.24%
- 1Y
- -75.69%
- 3Y*
- -66.16%
- 5Y*
- -68.31%
- 10Y*
- -58.66%
GSSC vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF | 19.67% | 10.76% | 11.14% | 17.27% | -16.81% | 24.13% | 16.02% | 23.14% | -9.24% | 8.39% |
BOIL ProShares Ultra Bloomberg Natural Gas | -51.24% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -35.32% |
Correlation
The correlation between GSSC and BOIL is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2017 | 0.04 |
The correlation between GSSC and BOIL shifts across timeframes, from -0.27 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSSC vs. BOIL — Risk / Return Rank
GSSC
BOIL
GSSC vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) 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.
| GSSC | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.89 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | -0.97 | +3.82 |
| Martin ratioReturn relative to average drawdown | 9.55 | -1.37 | +10.92 |
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Drawdowns
GSSC vs. BOIL - Drawdown Comparison
The maximum GSSC drawdown since its inception was -41.38%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GSSC and BOIL.
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Drawdown Indicators
| GSSC | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.38% | -100.00% | +58.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -77.83% | +67.27% |
Max Drawdown (3Y)Largest decline over 3 years | -26.05% | -97.17% | +71.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.81% | -99.92% | +72.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.99% | — |
Current DrawdownCurrent decline from peak | -1.34% | -100.00% | +98.66% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -93.61% | +84.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 55.12% | -51.97% |
Volatility
GSSC vs. BOIL - Volatility Comparison
The current volatility for Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) is 3.74%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 19.79%. This indicates that GSSC 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
| GSSC | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 19.79% | -16.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.27% | 101.25% | -87.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 111.98% | -93.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.25% | 119.03% | -97.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.95% | 101.76% | -78.81% |
GSSC vs. BOIL - Expense Ratio Comparison
GSSC has a 0.20% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Dividends
GSSC vs. BOIL - Dividend Comparison
GSSC's dividend yield for the trailing twelve months is around 1.04%, 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% |
GSSC Goldman Sachs ActiveBeta US Small Cap Equity ETF | 1.04% | 1.17% | 1.42% | 1.33% | 1.31% | 1.00% | 0.94% | 1.24% | 1.21% | 0.73% |
Frequently Asked Questions
GSSC and BOIL have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (19.79%) compared to GSSC (3.74%). In terms of maximum drawdown, GSSC dropped -41.38% vs BOIL's -100.00%.
On 5-year performance, GSSC leads with 9.08% vs -68.31% for BOIL. On fees, GSSC is cheaper at 0.20% per year. On volatility, GSSC has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSSC has performed better with a 9.08% return vs -68.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSSC is cheaper with a 0.20% expense ratio, compared with 1.31% for BOIL.
GSSC has the higher dividend yield at 1.04%, compared with 0.00% for BOIL.
GSSC is categorized as Small Cap Growth Equities, while BOIL is Oil & Gas. GSSC tracks Goldman Sachs ActiveBeta U.S. Small Cap Equity Index, while BOIL tracks Bloomberg Natural Gas Subindex. They also come from different issuers: Goldman Sachs and ProShares. Their fees differ too: 0.20% for GSSC and 1.31% for BOIL.
GSSC currently has the higher Sharpe Ratio (1.61 vs -0.68), 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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