UNL vs. BOIL
Compare and contrast key facts about United States 12 Month Natural Gas Fund LP (UNL) and ProShares Ultra Bloomberg Natural Gas (BOIL).
UNL and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UNL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Natural Gas. It was launched on Nov 18, 2009. 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 UNL 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UNL or BOIL.
Key characteristics
| UNL | BOIL | |
|---|---|---|
| YTD Return | -17.37% | -72.71% |
| 1Y Return | -34.35% | -84.95% |
| 3Y Return (Ann) | -19.62% | -80.76% |
| 5Y Return (Ann) | -5.06% | -68.96% |
| 10Y Return (Ann) | -8.92% | -62.75% |
| Sharpe Ratio | -1.08 | -0.86 |
| Sortino Ratio | -1.60 | -1.92 |
| Omega Ratio | 0.83 | 0.80 |
| Calmar Ratio | -0.39 | -0.85 |
| Martin Ratio | -1.29 | -1.23 |
| Ulcer Index | 26.34% | 69.06% |
| Daily Std Dev | 31.43% | 98.37% |
| Max Drawdown | -88.01% | -100.00% |
| Current Drawdown | -87.57% | -100.00% |
Correlation
The correlation between UNL and BOIL is 0.91, 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.
Performance
UNL vs. BOIL - Performance Comparison
In the year-to-date period, UNL achieves a -17.37% return, which is significantly higher than BOIL's -72.71% return. Over the past 10 years, UNL has outperformed BOIL with an annualized return of -8.92%, while BOIL has yielded a comparatively lower -62.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
UNL vs. BOIL - Risk-Adjusted Performance 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.
Dividends
UNL vs. BOIL - Dividend Comparison
Neither UNL nor BOIL has paid dividends to shareholders.
Drawdowns
UNL vs. BOIL - Drawdown Comparison
The maximum UNL drawdown since its inception was -88.01%, 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. For additional features, visit the drawdowns tool.
Volatility
UNL vs. BOIL - Volatility Comparison
The current volatility for United States 12 Month Natural Gas Fund LP (UNL) is 10.76%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 30.38%. 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.