NGAS.L vs. BOIL
Compare and contrast key facts about WisdomTree Natural Gas ETF (NGAS.L) and ProShares Ultra Bloomberg Natural Gas (BOIL).
NGAS.L and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NGAS.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Natural Gas Sub Total Return Index. It was launched on Sep 22, 2006. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. Both NGAS.L and BOIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
NGAS.L vs. BOIL - Performance Comparison
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NGAS.L vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGAS.L WisdomTree Natural Gas ETF | -6.70% | -24.72% | -26.18% | -65.28% | 20.27% | 25.42% | -43.27% | -40.74% | 2.93% | -37.77% |
BOIL ProShares Ultra Bloomberg Natural Gas | -29.61% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
Returns By Period
In the year-to-date period, NGAS.L achieves a -6.70% return, which is significantly higher than BOIL's -29.61% return. Over the past 10 years, NGAS.L has outperformed BOIL with an annualized return of -21.93%, while BOIL has yielded a comparatively lower -55.56% annualized return.
NGAS.L
- 1D
- 1.33%
- 1M
- 0.42%
- YTD
- -6.70%
- 6M
- -12.37%
- 1Y
- -44.66%
- 3Y*
- -28.59%
- 5Y*
- -23.71%
- 10Y*
- -21.93%
BOIL
- 1D
- 0.75%
- 1M
- -1.95%
- YTD
- -29.61%
- 6M
- -46.25%
- 1Y
- -81.20%
- 3Y*
- -64.52%
- 5Y*
- -62.47%
- 10Y*
- -55.56%
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NGAS.L vs. BOIL - Expense Ratio Comparison
NGAS.L has a 0.49% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Return for Risk
NGAS.L vs. BOIL — Risk / Return Rank
NGAS.L
BOIL
NGAS.L vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Natural Gas ETF (NGAS.L) 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.
| NGAS.L | BOIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.77 | -0.68 | -0.09 |
Sortino ratioReturn per unit of downside risk | -0.99 | -1.00 | +0.01 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.88 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.99 | +0.16 |
Martin ratioReturn relative to average drawdown | -1.28 | -1.33 | +0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NGAS.L | BOIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | -0.68 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | -0.53 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.43 | -0.55 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | -0.61 | +0.02 |
Correlation
The correlation between NGAS.L and BOIL is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NGAS.L vs. BOIL - Dividend Comparison
Neither NGAS.L nor BOIL has paid dividends to shareholders.
Drawdowns
NGAS.L vs. BOIL - Drawdown Comparison
The maximum NGAS.L drawdown since its inception was -99.91%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NGAS.L and BOIL.
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Drawdown Indicators
| NGAS.L | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.91% | -100.00% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -52.24% | -81.53% | +29.29% |
Max Drawdown (5Y)Largest decline over 5 years | -93.11% | -99.88% | +6.77% |
Max Drawdown (10Y)Largest decline over 10 years | -94.90% | -99.98% | +5.08% |
Current DrawdownCurrent decline from peak | -99.90% | -100.00% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -88.99% | -93.51% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.88% | 60.91% | -27.03% |
Volatility
NGAS.L vs. BOIL - Volatility Comparison
The current volatility for WisdomTree Natural Gas ETF (NGAS.L) is 15.95%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 29.44%. This indicates that NGAS.L 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
| NGAS.L | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.95% | 29.44% | -13.49% |
Volatility (6M)Calculated over the trailing 6-month period | 48.53% | 109.34% | -60.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.96% | 120.51% | -62.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.82% | 118.61% | -59.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.64% | 101.94% | -51.30% |