OILD vs. BOIL
Compare and contrast key facts about MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and ProShares Ultra Bloomberg Natural Gas (BOIL).
OILD and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILD is a passively managed fund by REX that tracks the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). It was launched on Nov 8, 2021. 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 OILD 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
OILD vs. BOIL - Performance Comparison
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OILD vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -59.82% | -41.67% | -14.58% | -19.58% | -90.32% | 5.20% |
BOIL ProShares Ultra Bloomberg Natural Gas | -33.36% | -58.98% | -60.75% | -92.00% | -31.85% | -50.60% |
Returns By Period
In the year-to-date period, OILD achieves a -59.82% return, which is significantly lower than BOIL's -33.36% return.
OILD
- 1D
- 10.51%
- 1M
- -15.65%
- YTD
- -59.82%
- 6M
- -61.74%
- 1Y
- -67.52%
- 3Y*
- -46.53%
- 5Y*
- —
- 10Y*
- —
BOIL
- 1D
- -5.33%
- 1M
- -14.17%
- YTD
- -33.36%
- 6M
- -52.97%
- 1Y
- -80.61%
- 3Y*
- -65.17%
- 5Y*
- -62.88%
- 10Y*
- -55.80%
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OILD vs. BOIL - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.
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 | -0.88 | -0.67 | -0.21 |
Sortino ratioReturn per unit of downside risk | -1.62 | -0.97 | -0.65 |
Omega ratioGain probability vs. loss probability | 0.82 | 0.88 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.80 | -1.00 | +0.20 |
Martin ratioReturn relative to average drawdown | -1.29 | -1.35 | +0.06 |
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 | -0.88 | -0.67 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.77 | -0.61 | -0.15 |
Correlation
The correlation between OILD and BOIL is -0.23. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
OILD vs. BOIL - Dividend Comparison
Neither OILD nor BOIL has paid dividends to shareholders.
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 | -84.54% | -82.08% | -2.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.98% | — |
Current DrawdownCurrent decline from peak | -98.69% | -100.00% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -88.25% | -93.51% | +5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.71% | 60.88% | -8.17% |
Volatility
OILD vs. BOIL - Volatility Comparison
The current volatility for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is 19.05%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 29.37%. This indicates that OILD 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
| OILD | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.05% | 29.37% | -10.32% |
Volatility (6M)Calculated over the trailing 6-month period | 43.16% | 109.37% | -66.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.80% | 120.58% | -43.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.54% | 118.63% | -39.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.54% | 101.93% | -22.39% |