TSLG vs. BOIL

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long TSLA Daily ETF (TSLG) and ProShares Ultra Bloomberg Natural Gas (BOIL).

TSLG and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024. 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.

Performance

TSLG vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long TSLA Daily ETF (TSLG) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

TSLG vs. BOIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLG Leverage Shares 2X Long TSLA Daily ETF	-35.84%	-26.70%	-16.81%
BOIL ProShares Ultra Bloomberg Natural Gas	-33.36%	-58.98%	26.72%

Returns By Period

In the year-to-date period, TSLG achieves a -35.84% return, which is significantly lower than BOIL's -33.36% return.

TSLG

• 1D: 9.07%
• 1M: -16.83%
• YTD: -35.84%
• 6M: -39.88%
• 1Y: 34.91%
• 3Y*: —
• 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%

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

TSLG vs. BOIL - Expense Ratio Comparison

TSLG has a 0.75% expense ratio, which is lower than BOIL's 1.31% expense ratio.

BOIL

ProShares Ultra Bloomberg Natural Gas

TSLG

Leverage Shares 2X Long TSLA Daily ETF

Return for Risk

TSLG vs. BOIL — Risk / Return Rank

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

TSLG

TSLG Risk / Return Rank: 30
TSLG Sharpe Ratio Rank: 20
TSLG Sortino Ratio Rank: 45
TSLG Omega Ratio Rank: 38
TSLG Calmar Ratio Rank: 25
TSLG Martin Ratio Rank: 20

BOIL

BOIL Risk / Return Rank: 2
BOIL Sharpe Ratio Rank: 2
BOIL Sortino Ratio Rank: 2
BOIL Omega Ratio Rank: 2
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.

TSLG vs. BOIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSLA Daily ETF (TSLG) 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.

	TSLG	BOIL	Difference
Sharpe ratio Return per unit of total volatility	0.32	-0.67	+0.99
Sortino ratio Return per unit of downside risk	1.26	-0.97	+2.22
Omega ratio Gain probability vs. loss probability	1.15	0.88	+0.27
Calmar ratio Return relative to maximum drawdown	0.59	-1.00	+1.59
Martin ratio Return relative to average drawdown	1.27	-1.35	+2.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLG vs. BOIL - Sharpe Ratio Comparison

The current TSLG Sharpe Ratio is 0.32, which is higher than the BOIL Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of TSLG and BOIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TSLG	BOIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	-0.67	+0.99
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	-0.44	-0.61	+0.18

Correlation

The correlation between TSLG and BOIL is -0.06. 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

TSLG vs. BOIL - Dividend Comparison

TSLG's dividend yield for the trailing twelve months is around 10.20%, while BOIL has not paid dividends to shareholders.

	TTM	2025
TSLG Leverage Shares 2X Long TSLA Daily ETF	10.20%	6.55%
BOIL ProShares Ultra Bloomberg Natural Gas	0.00%	0.00%

Drawdowns

TSLG vs. BOIL - Drawdown Comparison

The maximum TSLG drawdown since its inception was -82.86%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TSLG and BOIL.

Drawdown Indicators

	TSLG	BOIL	Difference
Max Drawdown Largest peak-to-trough decline	-82.86%	-100.00%	+17.14%
Max Drawdown (1Y) Largest decline over 1 year	-50.92%	-82.08%	+31.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-99.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.98%	—
Current Drawdown Current decline from peak	-67.59%	-100.00%	+32.41%
Average Drawdown Average peak-to-trough decline	-58.04%	-93.51%	+35.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.82%	60.88%	-37.06%

Volatility

TSLG vs. BOIL - Volatility Comparison

The current volatility for Leverage Shares 2X Long TSLA Daily ETF (TSLG) is 22.28%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 29.37%. This indicates that TSLG 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

	TSLG	BOIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.28%	29.37%	-7.09%
Volatility (6M) Calculated over the trailing 6-month period	59.35%	109.37%	-50.02%
Volatility (1Y) Calculated over the trailing 1-year period	110.61%	120.58%	-9.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.00%	118.63%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.00%	101.93%	+17.07%