ProShares Ultra Bloomberg Natural Gas
DThis 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.
$22.99+1.14 (+5.22%)
- 0.95%
- $327M
- −60.2%
- 4.9M sh
- $21.90
- low $18.31high $93.70
The ETF.net BOIL Grade
D
Score 38 out of 100
- 6 of 6
Score 38 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.C41 out of 100Rank 4 of 6Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F13 out of 100Rank 6 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 4 of 6Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 2 of 6
Our read on BOIL
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.
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 Holdings
- Other
- 1
- 100%
- Net Other Assets (Liabilities)
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$3,977
Returns run to the Oct 12, 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.
| Period | BOIL |
|---|---|
| Year to date | −52.3% |
| 1 month | +13.4% |
| 3 months | −3.7% |
| 1 year | −60.2% |
| 3 years | −68.6% |
| 5 years | −72.6% |
| 10 years | −59.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BOIL |
|---|---|---|
| 2026 YTD | −52.3% | |
| 2025 | −59.0% | |
| 2024 | −60.7% | |
| 2023 | −92.0% | |
| 2022 | −31.9% | |
| 2021 | +23.8% | |
| 2020 | −74.7% |
BOIL in the news
BOIL Dividends
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.
- 96.5%
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.
- −0.66
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.
- −99.9%
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.
- 3.18
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
0.95%
BOIL0.95%
- The middle half of 2x/3x Long Energy funds
- Median 0.94%
3 of the 6 2x/3x Long Energy funds charge less.
Other funds in 2x/3x Long Energy
- BERXDirexion Daily Energy Bull 2X ETFExpense ratio 0.91%1 year return +128.6%
- CGUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETFExpense ratio 0.94%1 year return +122.9%
- CUCOProShares Ultra Bloomberg Crude OilExpense ratio 0.95%1 year return +191.9%
- CDIGProShares - Ultra EnergyExpense ratio 1.07%1 year return +128.5%
- CXLEXCorgi ETF Trust I - Corgi U.S. Energy 2x Daily ETFExpense ratio 0.45%1 year return —