HIBL vs. BOIL
HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%), while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past 5 years, HIBL returned 11.69%/yr vs -70.47%/yr for BOIL. Their 0.04 correlation means their historical movements had little consistent relationship. HIBL charges 1.12%/yr vs 1.31%/yr for BOIL.
Performance
HIBL vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, HIBL achieves a 51.75% return, which is significantly higher than BOIL's -54.83% return.
HIBL
- 1D
- 7.65%
- 1M
- -11.68%
- 6M
- 34.09%
- YTD
- 51.75%
- 1Y
- 117.87%
- 3Y*
- 40.02%
- 5Y*
- 11.69%
- 10Y*
- —
- ALL TIME*
- 16.86%
BOIL
- 1D
- 0.83%
- 1M
- -21.75%
- 6M
- -48.58%
- YTD
- -54.83%
- 1Y
- -71.17%
- 3Y*
- -67.34%
- 5Y*
- -70.47%
- 10Y*
- -59.03%
- ALL TIME*
- -57.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.90M | $98.92M | $103.64M | |
| $5.60M | $5.92M | $6.50M |
HIBL vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 51.75% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | -24.96% | 19.23% |
BOIL ProShares Ultra Bloomberg Natural Gas | -54.83% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -44.55% |
Correlation
The correlation between HIBL and BOIL is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | 0.04 |
The correlation between HIBL and BOIL shifts across timeframes, from -0.20 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HIBL vs. BOIL — Risk / Return Rank
HIBL
BOIL
HIBL vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) 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.
| HIBL | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.15 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.91 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | -0.92 | +3.87 |
| Martin ratioReturn relative to average drawdown | 10.01 | -1.40 | +11.40 |
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Drawdowns
HIBL vs. BOIL - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for HIBL and BOIL.
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Drawdown Indicators
| HIBL | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.27% | -100.00% | +11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -40.14% | -77.68% | +37.54% |
Max Drawdown (3Y)Largest decline over 3 years | -69.66% | -97.48% | +27.82% |
Max Drawdown (5Y)Largest decline over 5 years | -81.58% | -99.93% | +18.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.99% | — |
Current DrawdownCurrent decline from peak | -27.29% | -100.00% | +72.71% |
Average DrawdownAverage peak-to-trough decline | -43.54% | -93.63% | +50.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 51.01% | -39.19% |
Volatility
HIBL vs. BOIL - Volatility Comparison
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a higher volatility of 29.17% compared to ProShares Ultra Bloomberg Natural Gas (BOIL) at 18.98%. This indicates that HIBL'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.
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Volatility by Period
| HIBL | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.17% | 18.98% | +10.19% |
Volatility (6M)Calculated over the trailing 6-month period | 65.64% | 88.59% | -22.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.06% | 110.74% | -31.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.80% | 118.94% | -35.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.56% | 101.64% | -9.08% |
HIBL vs. BOIL - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Dividends
HIBL vs. BOIL - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 1.49%, while BOIL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 1.49% | 2.43% | 0.82% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
Frequently Asked Questions
HIBL and BOIL have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBL has higher volatility (29.17%) compared to BOIL (18.98%). In terms of maximum drawdown, HIBL dropped -88.27% vs BOIL's -100.00%.
On 5-year performance, HIBL leads with 11.69% vs -70.47% for BOIL. On fees, HIBL is cheaper at 1.12% per year. On volatility, BOIL has been the lower-risk option at 18.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HIBL has performed better with a 11.69% return vs -70.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HIBL is cheaper with a 1.12% expense ratio, compared with 1.31% for BOIL.
HIBL has the higher dividend yield at 1.49%, compared with 0.00% for BOIL.
HIBL is categorized as Leveraged Equities, while BOIL is Oil & Gas. HIBL tracks S&P 500 High Beta Index (300%), while BOIL tracks Bloomberg Natural Gas Subindex. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.12% for HIBL and 1.31% for BOIL.
HIBL currently has the higher Sharpe Ratio (1.50 vs -0.65), 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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