LNG vs. BOIL

Last updated Jun 23, 2026

LNG (Cheniere Energy, Inc.) is a stock, while BOIL (ProShares Ultra Bloomberg Natural Gas) is Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. Over the past 10 years, LNG returned 21.41%/yr vs -57.64%/yr for BOIL. At a 0.10 correlation, their price movements are largely independent.

Performance

LNG vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cheniere Energy, Inc. (LNG) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LNG achieves a 19.35% return, which is significantly higher than BOIL's -38.08% return. Over the past 10 years, LNG has outperformed BOIL with an annualized return of 21.41%, while BOIL has yielded a comparatively lower -57.64% annualized return.

LNG

• 1D: 1.68%
• 1M: -4.15%
• YTD: 19.35%
• 6M: 22.51%
• 1Y: -0.78%
• 3Y*: 16.97%
• 5Y*: 22.57%
• 10Y*: 21.41%

BOIL

• 1D: 0.18%
• 1M: 11.30%
• YTD: -38.08%
• 6M: -35.19%
• 1Y: -76.58%
• 3Y*: -65.93%
• 5Y*: -65.65%
• 10Y*: -57.64%

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

LNG vs. BOIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LNG Cheniere Energy, Inc.	19.35%	-8.70%	27.18%	15.02%	49.30%	69.48%	-1.70%	3.18%	9.94%	29.95%
BOIL ProShares Ultra Bloomberg Natural Gas	-38.08%	-58.98%	-60.75%	-92.00%	-31.85%	23.84%	-74.74%	-67.70%	-20.55%	-65.72%

Correlation

The correlation between LNG and BOIL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011	0.10

Return for Risk

LNG vs. BOIL — Risk / Return Rank

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

LNG

LNG Risk / Return Rank: 39
LNG Sharpe Ratio Rank: 41
LNG Sortino Ratio Rank: 35
LNG Omega Ratio Rank: 35
LNG Calmar Ratio Rank: 41
LNG Martin Ratio Rank: 41

BOIL

BOIL Risk / Return Rank: 2
BOIL Sharpe Ratio Rank: 4
BOIL Sortino Ratio Rank: 3
BOIL Omega Ratio Rank: 3
BOIL Calmar Ratio Rank: 0
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.

LNG vs. BOIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cheniere Energy, Inc. (LNG) 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.

	LNG	BOIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	-0.68	+0.65
Sortino ratio: Return per unit of downside risk	0.16	-0.89	+1.05
Omega ratio: Gain probability vs. loss probability	1.02	0.89	+0.13
Calmar ratio: Return relative to maximum drawdown	-0.03	-0.98	+0.95
Martin ratio: Return relative to average drawdown	-0.06	-1.35	+1.29

LNG vs. BOIL - Sharpe Ratio Comparison

The current LNG Sharpe Ratio is -0.03, which is higher than the BOIL Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of LNG 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

LNG vs. BOIL - Drawdown Comparison

The maximum LNG drawdown since its inception was -97.84%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for LNG and BOIL.

Drawdown Indicators

	LNG	BOIL	Difference
Max Drawdown Largest peak-to-trough decline	-97.84%	-100.00%	+2.16%
Max Drawdown (1Y) Largest decline over 1 year	-24.09%	-78.06%	+53.97%
Max Drawdown (3Y) Largest decline over 3 years	-24.87%	-96.86%	+71.99%
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	-99.91%	+75.04%
Max Drawdown (10Y) Largest decline over 10 years	-57.53%	-99.99%	+42.46%
Current Drawdown Current decline from peak	-22.07%	-100.00%	+77.93%
Average Drawdown Average peak-to-trough decline	-43.13%	-93.58%	+50.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.28%	59.95%	-47.67%

Volatility

LNG vs. BOIL - Volatility Comparison

The current volatility for Cheniere Energy, Inc. (LNG) is 7.68%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 23.27%. This indicates that LNG 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.

Volatility by Period

	LNG	BOIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	23.27%	-15.59%
Volatility (6M) Calculated over the trailing 6-month period	21.84%	104.92%	-83.08%
Volatility (1Y) Calculated over the trailing 1-year period	27.25%	113.57%	-86.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.25%	118.96%	-88.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.44%	101.84%	-69.40%

Dividends

LNG vs. BOIL - Dividend Comparison

LNG's dividend yield for the trailing twelve months is around 0.94%, while BOIL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BOIL ProShares Ultra Bloomberg Natural Gas	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LNG Cheniere Energy, Inc.	0.94%	1.06%	0.84%	0.95%	0.92%	0.33%

Frequently Asked Questions

Can I hold both LNG and BOIL in my portfolio?

LNG and BOIL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LNG or BOIL?

BOIL has higher volatility (23.27%) compared to LNG (7.68%). In terms of maximum drawdown, LNG dropped -97.84% vs BOIL's -100.00%.

Which has better risk-adjusted returns?

LNG currently has the higher Sharpe Ratio (-0.03 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.