NKTR vs. BOIL
NKTR (Nektar Therapeutics) 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, NKTR returned -12.14%/yr vs -58.99%/yr for BOIL. Their 0.02 correlation means their historical movements had little consistent relationship.
Performance
NKTR vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, NKTR achieves a 67.15% return, which is significantly higher than BOIL's -55.20% return. Over the past 10 years, NKTR has outperformed BOIL with an annualized return of -12.14%, while BOIL has yielded a comparatively lower -58.99% annualized return.
NKTR
- 1D
- -1.09%
- 1M
- -0.52%
- 6M
- 89.31%
- YTD
- 67.15%
- 1Y
- 207.80%
- 3Y*
- 108.39%
- 5Y*
- -21.49%
- 10Y*
- -12.14%
- ALL TIME*
- 0.66%
BOIL
- 1D
- 1.23%
- 1M
- -22.39%
- 6M
- -74.77%
- YTD
- -55.20%
- 1Y
- -71.40%
- 3Y*
- -67.40%
- 5Y*
- -69.84%
- 10Y*
- -58.99%
- ALL TIME*
- -57.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.80M | $100.03M | $104.47M | |
| $53.73M | $57.41M | $67.60M |
NKTR vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NKTR Nektar Therapeutics | 67.15% | 203.08% | 64.60% | -75.00% | -83.27% | -20.53% | -21.26% | -34.32% | -44.96% | 386.72% |
BOIL ProShares Ultra Bloomberg Natural Gas | -55.20% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
Correlation
The correlation between NKTR and BOIL is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2011 | 0.02 |
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Return for Risk
NKTR vs. BOIL — Risk / Return Rank
NKTR
BOIL
NKTR vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nektar Therapeutics (NKTR) 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.
| NKTR | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +4.35 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.91 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 4.89 | -0.92 | +5.81 |
| Martin ratioReturn relative to average drawdown | 9.90 | -1.40 | +11.30 |
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Drawdowns
NKTR vs. BOIL - Drawdown Comparison
The maximum NKTR drawdown since its inception was -99.61%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NKTR and BOIL.
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Drawdown Indicators
| NKTR | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.61% | -100.00% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -46.54% | -77.68% | +31.14% |
Max Drawdown (3Y)Largest decline over 3 years | -73.20% | -97.48% | +24.28% |
Max Drawdown (5Y)Largest decline over 5 years | -97.76% | -99.93% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -99.61% | -99.99% | +0.38% |
Current DrawdownCurrent decline from peak | -95.66% | -100.00% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -68.44% | -93.63% | +25.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.94% | 50.79% | -27.85% |
Volatility
NKTR vs. BOIL - Volatility Comparison
The current volatility for Nektar Therapeutics (NKTR) is 15.44%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 18.90%. This indicates that NKTR 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
| NKTR | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.44% | 18.90% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 60.68% | 91.55% | -30.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.80% | 110.59% | -20.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.06% | 118.92% | +3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.22% | 101.64% | -4.42% |
Dividends
NKTR vs. BOIL - Dividend Comparison
Neither NKTR nor BOIL has paid dividends to shareholders.
Frequently Asked Questions
NKTR and BOIL have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (18.90%) compared to NKTR (15.44%). In terms of maximum drawdown, NKTR dropped -99.61% vs BOIL's -100.00%.
NKTR currently has the higher Sharpe Ratio (2.53 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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