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BOIL

GradeDNew York Stock Exchange Arca

ProShares Ultra Bloomberg Natural Gas

Leveraged · Leveraged & Inverse · ProShares · Inception 2011-10-04 · SEC filings

This 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.

$21.60−0.04 (−0.18%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 69 prints from 21.64 to 21.60. Range 21.00 to 21.74. Use the arrow keys to read each point.$21.00$21.20$21.40$21.8010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$393M
1Y return
−58.3%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
4.4M sh
NAV per share
$20.17
52W range
low $18.31high $93.70

The ETF.net BOIL Grade

D

38/ 100

Rank 6 of 6 in 2x/3x Long Energy⁠

Confidence Low

Six-pillar profile for BOIL. Scores out of 100: Cost 41, Risk 13, Mission not scored, Tradability 50, Holdings not scored, Durability 67. Strongest: Durability (67). Weakest: Risk (13). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 38 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 41
    Category rank4/6 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 13
    Category rank6/6 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 50
    Category rank5/6 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 67
    Category rank1/6 · top 17%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on BOIL

ETF.net Research

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

  1. 01One 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
  2. 02The cohort's only gas ticket. ERX, GUSH and DIG track energy equities and UCO tracks crude; nothing else here follows the gas curve.
  3. 03The 0.95% fee sits right at the cohort median, and shares trade actively, which matters when the holding period is measured in days.
  4. 04Trading since 2011, a long run for a leveraged commodity product and an unusually deep track record in this corner of the market.

Worth knowing

  1. 01Daily 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.
  2. 02Natural gas swings hard on weather and storage, and doubling it daily puts this at the wildest end of an already volatile peer group.
  3. 03It is a commodity pool holding futures, not shares of gas producers, so it is not built to pay income.

BOIL Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
Net Other Assets (Liabilities)100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Other Assets (Liabilities)100.00%393,480,035$393M162

Showing 1–1 of 1 holdings

BOIL Performance

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

BOIL$4,168
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BOIL $4,168. SPY $11,723. Use the arrow keys to read each point.$2,680$9,332$15,983Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−52.8%
1 month+13.7%
3 months−23.7%
1 year−58.3%
3 years−65.4%per year
5 years−71.5%per year
10 years−59.0%per year

As of the close, 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−52.8%
2025−59.0%
2024−60.7%
2023−92.0%
2022−31.9%
2021+23.8%
2020−74.7%

BOIL in the news

ETF.net Research hasn’t filed on BOIL yet — coverage lands here as it’s written.

BOIL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

BOIL Risk

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.
96.6%
Annualised · 36 months to Aug 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.
−0.69
vs 3-month T-bills · to Aug 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 Aug 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.

BOIL Cost

Expense ratio0.95%
  • The middle half of 2x/3x Long Energy funds
  • Median 0.94%

3 of the 6 2x/3x Long Energy funds charge less.

BOIL costs $95.00 a year on $10,000. The median 2x/3x Long Energy fund costs $94.50.