HOOG vs. BOIL

Last updated Jun 24, 2026

HOOG (Leverage Shares 2X Long HOOD Daily ETF) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - HOOG is a Leveraged Equities fund actively managed by Leverage Shares, while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. HOOG is actively managed, while BOIL is passively managed. Over the past year, HOOG returned -5.11% vs -75.60% for BOIL. At a correlation of -0.01, they often move in opposite directions. HOOG charges 0.75%/yr vs 1.31%/yr for BOIL.

Performance

HOOG vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long HOOD Daily ETF (HOOG) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HOOG having a -40.69% return and BOIL slightly lower at -41.05%.

HOOG

• 1D: -4.87%
• 1M: 83.12%
• YTD: -40.69%
• 6M: -48.04%
• 1Y: -5.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOIL

• 1D: -4.80%
• 1M: 5.97%
• YTD: -41.05%
• 6M: -46.24%
• 1Y: -75.60%
• 3Y*: -66.48%
• 5Y*: -66.38%
• 10Y*: -57.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HOOG vs. BOIL - Yearly Performance Comparison

	2026 (YTD)	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	-40.69%	320.19%
BOIL ProShares Ultra Bloomberg Natural Gas	-41.05%	-72.30%

Correlation

The correlation between HOOG and BOIL is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	-0.01

Return for Risk

HOOG vs. BOIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOOG

HOOG Risk / Return Rank: 12
HOOG Sharpe Ratio Rank: 8
HOOG Sortino Ratio Rank: 19
HOOG Omega Ratio Rank: 18
HOOG Calmar Ratio Rank: 8
HOOG Martin Ratio Rank: 8

BOIL

BOIL Risk / Return Rank: 3
BOIL Sharpe Ratio Rank: 4
BOIL Sortino Ratio Rank: 4
BOIL Omega Ratio Rank: 3
BOIL Calmar Ratio Rank: 1
BOIL Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HOOG vs. BOIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long HOOD Daily ETF (HOOG) 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.

	HOOG	BOIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	-0.67	+0.63
Sortino ratio: Return per unit of downside risk	0.99	-0.85	+1.84
Omega ratio: Gain probability vs. loss probability	1.12	0.89	+0.23
Calmar ratio: Return relative to maximum drawdown	-0.06	-0.98	+0.92
Martin ratio: Return relative to average drawdown	-0.09	-1.36	+1.26

HOOG vs. BOIL - Sharpe Ratio Comparison

The current HOOG Sharpe Ratio is -0.04, which is higher than the BOIL Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of HOOG and BOIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HOOG vs. BOIL - Drawdown Comparison

The maximum HOOG drawdown since its inception was -86.94%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for HOOG and BOIL.

Drawdown Indicators

	HOOG	BOIL	Difference
Max Drawdown Largest peak-to-trough decline	-86.94%	-100.00%	+13.06%
Max Drawdown (1Y) Largest decline over 1 year	-86.94%	-77.43%	-9.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-96.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.99%	—
Current Drawdown Current decline from peak	-72.34%	-100.00%	+27.66%
Average Drawdown Average peak-to-trough decline	-39.04%	-93.59%	+54.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.98%	56.83%	-0.85%

Volatility

HOOG vs. BOIL - Volatility Comparison

Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a higher volatility of 46.61% compared to ProShares Ultra Bloomberg Natural Gas (BOIL) at 23.63%. This indicates that HOOG'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.

Volatility by Period

	HOOG	BOIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.61%	23.63%	+22.98%
Volatility (6M) Calculated over the trailing 6-month period	101.92%	104.46%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	139.38%	113.44%	+25.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.74%	118.97%	+25.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.74%	101.84%	+42.90%

HOOG vs. BOIL - Expense Ratio Comparison

HOOG has a 0.75% expense ratio, which is lower than BOIL's 1.31% expense ratio.

Dividends

HOOG vs. BOIL - Dividend Comparison

HOOG's dividend yield for the trailing twelve months is around 20.75%, while BOIL has not paid dividends to shareholders.

Position	TTM	2025
BOIL ProShares Ultra Bloomberg Natural Gas	0.00%	0.00%
HOOG Leverage Shares 2X Long HOOD Daily ETF	20.75%	12.30%

Frequently Asked Questions

Can I hold both HOOG and BOIL in my portfolio?

HOOG and BOIL have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOG or BOIL?

HOOG has higher volatility (46.61%) compared to BOIL (23.63%). In terms of maximum drawdown, HOOG dropped -86.94% vs BOIL's -100.00%.

Which ETF is better, HOOG or BOIL?

On 1-year performance, HOOG leads with -5.11% vs -75.60% for BOIL. On fees, HOOG is cheaper at 0.75% per year. On volatility, BOIL has been the lower-risk option at 23.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOG or BOIL?

Over the 1-year period, HOOG has performed better with a -5.11% return vs -75.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOG or BOIL?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.31% for BOIL.

Which ETF pays a higher dividend yield, HOOG or BOIL?

HOOG has the higher dividend yield at 20.75%, compared with 0.00% for BOIL.

What is the main difference between HOOG and BOIL?

HOOG is categorized as Leveraged Equities, while BOIL is Oil & Gas. They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for HOOG and 1.31% for BOIL.

Which has better risk-adjusted returns?

HOOG currently has the higher Sharpe Ratio (-0.04 vs -0.67), 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.