OILD vs. BOIL
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while BOIL is a Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past 3 years, OILD returned -48.14%/yr vs -60.61%/yr for BOIL. At a correlation of -0.23, they often move in opposite directions. OILD charges 0.95%/yr vs 1.31%/yr for BOIL.
Performance
OILD vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, OILD achieves a -61.30% return, which is significantly lower than BOIL's -36.77% return.
OILD
- 1D
- -3.52%
- 1M
- 4.33%
- YTD
- -61.30%
- 6M
- -58.58%
- 1Y
- -72.54%
- 3Y*
- -48.14%
- 5Y*
- —
- 10Y*
- —
BOIL
- 1D
- 4.32%
- 1M
- 4.62%
- YTD
- -36.77%
- 6M
- -62.98%
- 1Y
- -74.31%
- 3Y*
- -60.61%
- 5Y*
- -64.63%
- 10Y*
- -56.95%
OILD vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -61.30% | -41.67% | -14.58% | -19.58% | -90.32% | 5.20% |
BOIL ProShares Ultra Bloomberg Natural Gas | -36.77% | -58.98% | -60.75% | -92.00% | -31.85% | -50.60% |
Correlation
The correlation between OILD and BOIL is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | -0.23 |
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Return for Risk
OILD vs. BOIL — Risk / Return Rank
OILD
BOIL
OILD vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.
| OILD | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.90 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.92 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.56 | -1.26 | -0.30 |
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
| OILD | BOIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.19 | -0.66 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.61 | -0.14 |
Drawdowns
OILD vs. BOIL - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for OILD and BOIL.
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Drawdown Indicators
| OILD | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -100.00% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -77.40% | -80.85% | +3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -88.53% | -96.86% | +8.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.99% | — |
Current DrawdownCurrent decline from peak | -98.74% | -100.00% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -88.64% | -93.59% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.59% | 59.20% | -12.61% |
Volatility
OILD vs. BOIL - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and ProShares Ultra Bloomberg Natural Gas (BOIL) have volatilities of 24.24% and 23.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILD | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.24% | 23.95% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 48.55% | 107.61% | -59.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.12% | 113.64% | -52.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.39% | 118.89% | -39.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.39% | 101.81% | -22.42% |
OILD vs. BOIL - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Dividends
OILD vs. BOIL - Dividend Comparison
Neither OILD nor BOIL has paid dividends to shareholders.
Frequently Asked Questions
OILD and BOIL have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILD has higher volatility (24.24%) compared to BOIL (23.95%). In terms of maximum drawdown, OILD dropped -98.90% vs BOIL's -100.00%.
On 3-year performance, OILD leads with -48.14% vs -60.61% for BOIL. On fees, OILD is cheaper at 0.95% per year. On volatility, BOIL has been the lower-risk option at 23.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILD has performed better with a -48.14% return vs -60.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILD is cheaper with a 0.95% expense ratio, compared with 1.31% for BOIL.
OILD and BOIL have nearly identical dividend yields, around 0.00%.
OILD is categorized as Inverse Equities, while BOIL is Leveraged Commodities. OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while BOIL tracks Bloomberg Natural Gas Subindex. They also come from different issuers: REX and ProShares. Their fees differ too: 0.95% for OILD and 1.31% for BOIL.
BOIL currently has the higher Sharpe Ratio (-0.66 vs -1.19), 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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