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Launched · SEC filings

ProShares Ultra Bloomberg Natural Gas

BOILNYSE ArcaProSharesDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$16.02−0.09 (−0.56%)

At close: Nov 2, 2026, 4:00 PM ET

D33/ 100

Rank 6 of 6 in 2x/3x Long Energy

D33/100Rank 6 of 6in2x/3x Long Energy
Intraday session: down, 79 prints from 16.11 to 16.02. Range 15.86 to 16.79. Use the arrow keys to read each point.16.4016.6016.8010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$406M
1Y total return
−73.2%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
5.56M sh
52W range
low $15.66high $93.70
Launched
Filings
SEC EDGAR

The ETF.net BOIL Grade

Based on 4 of 6 pillars

D

Score 33 out of 100

Category
2x/3x Long Energy⁠
Rank
6 of 6
Six-pillar profile for BOIL. Scores out of 100: Cost 32, Risk 12, Mission not scored, Tradability 50, Holdings not scored, Durability 65. Strongest: Durability (65). Weakest: Risk (12). Based on 4 of 6 pillars.

Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D32 out of 100
    Rank 4 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F12 out of 100
    Rank 6 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 4 of 6

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 2 of 6

Our read on BOIL

ETF.net Research

In short

DThe only natural gas play in a leveraged energy aisle full of oil and energy stocks. BOIL aims for two times the daily move of a Bloomberg natural gas futures index, in a market known for violent swings.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to two times the daily performance of the Bloomberg Natural Gas Subindex SM.

Why people hold it

  • One job, spelled out in the fund's own documents: two times the daily performance of the Bloomberg Natural Gas Subindex, reset each day.proshares.com
  • The cohort's only gas ticket. ERX, GUSH and DIG track energy equities and UCO tracks crude; nothing else here follows the gas curve.
  • The 0.95% fee sits right at the cohort median, and shares trade actively, which matters when the holding period is measured in days.
  • Trading since 2011, a long run for a leveraged commodity product and an unusually deep track record in this corner of the market.

Worth knowing

  • Daily reset means results compound. Hold through a choppy stretch and the outcome can differ, sometimes sharply, from two times the index move over that period.
  • Natural gas swings hard on weather and storage, and doubling it daily puts this at the wildest end of an already volatile peer group.
  • It is a commodity pool holding futures, not shares of gas producers, so it is not built to pay income.

BOIL Performance

Launched Oct 4, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BOIL$2,677
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BOIL $2,677. SPY $11,199. Use the arrow keys to read each point.$5,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BOIL. Periods over one year show the average yearly return.
PeriodBOIL
Year to date−64.8%
1 month−17.9%
3 months−21.5%
1 year−73.2%
3 yearsper year−71.4%
5 yearsper year−73.9%
10 yearsper year−59.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BOIL
YearReturn barBOIL
2026 YTD−64.8%
2025−59.0%
2024−60.7%
2023−92.0%
2022−31.9%
2021+23.8%
2020−74.7%

BOIL in the news

BOIL Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

BOIL Risk

Risk pillarF12 out of 100Rank 6 of 6 in 2x/3x Long Energy

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
94.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.82
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−99.9%
Trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.18
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BOIL Cost

Compare BOIL and XLEX

Overpaying vs XLEX, cheapest in 2x/3x Long Energy

$8,828

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BOIL 0.95%

    $17,869

  • XLEX 0.45% Cheapest

    $9,041

$10,000
30 years

Cost over time

  • BOIL 0.95%
  • XLEX 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BOIL $17,869XLEX $9,041

Year by year

YearBOILXLEXOverpaying
10$1,678$812$866
20$6,322$3,128$3,194
30$17,869$9,041$8,828

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