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UNL vs. BOIL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

UNL vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States 12 Month Natural Gas Fund LP (UNL) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

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UNL vs. BOIL - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
UNL
United States 12 Month Natural Gas Fund LP
-6.50%-9.67%-4.78%-50.20%47.01%54.42%-9.54%-18.78%12.53%-21.47%
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, UNL achieves a -6.50% return, which is significantly higher than BOIL's -29.61% return. Over the past 10 years, UNL has outperformed BOIL with an annualized return of -2.45%, while BOIL has yielded a comparatively lower -55.56% annualized return.


UNL

1D
-1.99%
1M
0.15%
YTD
-6.50%
6M
-11.42%
1Y
-32.68%
3Y*
-15.85%
5Y*
-2.73%
10Y*
-2.45%

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

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UNL vs. BOIL - Expense Ratio Comparison

UNL has a 0.90% expense ratio, which is lower than BOIL's 1.31% expense ratio.


Return for Risk

UNL vs. BOIL — Risk / Return Rank

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

UNL
UNL Risk / Return Rank: 11
Overall Rank
UNL Sharpe Ratio Rank: 11
Sharpe Ratio Rank
UNL Sortino Ratio Rank: 22
Sortino Ratio Rank
UNL Omega Ratio Rank: 11
Omega Ratio Rank
UNL Calmar Ratio Rank: 11
Calmar Ratio Rank
UNL Martin Ratio Rank: 22
Martin Ratio Rank

BOIL
BOIL Risk / Return Rank: 22
Overall Rank
BOIL Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BOIL Sortino Ratio Rank: 22
Sortino Ratio Rank
BOIL Omega Ratio Rank: 22
Omega Ratio Rank
BOIL Calmar Ratio Rank: 00
Calmar Ratio Rank
BOIL Martin Ratio Rank: 33
Martin Ratio Rank
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.

UNL vs. BOIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Natural Gas Fund LP (UNL) 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.


UNLBOILDifference

Sharpe ratio

Return per unit of total volatility

-0.84

-0.68

-0.16

Sortino ratio

Return per unit of downside risk

-1.06

-1.00

-0.06

Omega ratio

Gain probability vs. loss probability

0.86

0.88

-0.01

Calmar ratio

Return relative to maximum drawdown

-0.87

-0.99

+0.12

Martin ratio

Return relative to average drawdown

-1.41

-1.33

-0.09

UNL vs. BOIL - Sharpe Ratio Comparison

The current UNL Sharpe Ratio is -0.84, which is comparable to the BOIL Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of UNL 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.


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Sharpe Ratios by Period


UNLBOILDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.84

-0.68

-0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.07

-0.53

+0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.07

-0.55

+0.47

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.39

-0.61

+0.22

Correlation

The correlation between UNL and BOIL is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

UNL vs. BOIL - Dividend Comparison

Neither UNL nor BOIL has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

UNL vs. BOIL - Drawdown Comparison

The maximum UNL drawdown since its inception was -88.52%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UNL and BOIL.


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Drawdown Indicators


UNLBOILDifference

Max Drawdown

Largest peak-to-trough decline

-88.52%

-100.00%

+11.48%

Max Drawdown (1Y)

Largest decline over 1 year

-36.28%

-81.53%

+45.25%

Max Drawdown (5Y)

Largest decline over 5 years

-77.17%

-99.88%

+22.71%

Max Drawdown (10Y)

Largest decline over 10 years

-77.17%

-99.98%

+22.81%

Current Drawdown

Current decline from peak

-87.78%

-100.00%

+12.22%

Average Drawdown

Average peak-to-trough decline

-73.19%

-93.51%

+20.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

22.58%

60.91%

-38.33%

Volatility

UNL vs. BOIL - Volatility Comparison

The current volatility for United States 12 Month Natural Gas Fund LP (UNL) is 11.08%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 29.44%. This indicates that UNL 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


UNLBOILDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.08%

29.44%

-18.36%

Volatility (6M)

Calculated over the trailing 6-month period

32.23%

109.34%

-77.11%

Volatility (1Y)

Calculated over the trailing 1-year period

39.10%

120.51%

-81.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.68%

118.61%

-76.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.81%

101.94%

-68.13%