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BOIL vs GUSH

ProShares Ultra Bloomberg Natural Gas

BOILDNYSE Arca

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF

GUSHCNYSE Arca

Overlap

0.0%by weight

Expense ratio

GUSH −0.01pt a year

BOIL0.95%GUSH0.94%

Avg volume · 30D

BOIL 8.1×the volume

BOIL5.56MGUSH685K

10Y return · a year

GUSH +25.4pt

BOIL−59.2%GUSH−33.8%

BOIL vs GUSH Performance

Nov 2, 2021 – Nov 2, 2026

−99.9%BOIL+78.2%GUSH

Nov 2, 2021 to Nov 2, 2026. BOIL −99.9%. GUSH +78.2%. Use the arrow keys to read each point.−50%0%50%Nov 2021May 2024Nov 2026
Expense ratio
BOIL 0.95%
GUSH 0.94%, better
Fund size
BOIL $424M
GUSH $236M
1Y total return
BOIL −73.4%
GUSH +111.5%, better
Yield (12M)
BOIL No data
GUSH 1.03%
Holdings
BOIL 1
GUSH 60
Avg volume (30D)
BOIL 5.56M sh, better
GUSH 685K sh
NAV per share
BOIL $15.94
GUSH $51.63
52W range

ETF.net Grade

BOIL: Cost 32, Risk 12, Mission not scored, Tradability 50, Holdings not scored, Durability 65. GUSH: Cost 61, Risk 37, Mission not scored, Tradability 43, Holdings not scored, Durability 50.
Pillar letters and Scores for BOIL, GUSH, with each pillar’s weight
PillarBOILGUSH
Cost30% weightD32B61Higher
Mission25% weightNot scoredNot scored
Risk15% weightF12D37Higher
Tradability15% weightC50HigherC43
Holdings10% weightNot scoredNot scored
Durability5% weightB65HigherC50

Rank among 2x/3x Long Energy funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BOIL and GUSH are both graded against the same 6 2x/3x Long Energy funds, so their Grades compare head to head.

2x/3x Long Energy⁠

Category · 6 funds
See all 6 ›

GUSH ranks 2nd and BOIL 6th of 6 funds in the 2x/3x Long Energy Category.

  1. Rank 1BERXDirexion Daily Energy Bull 2X ETFScore 66
  2. Rank 2CGUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETFScore 50
  3. Rank 2CUCOProShares Ultra Bloomberg Crude OilScore 50
  4. Rank 5CXLEXCorgi U.S. Energy 2x Daily ETFScore 40
  5. Rank 6DBOILProShares Ultra Bloomberg Natural GasScore 33

Our read on each fund

ETF.net Research

BOILDProShares Ultra Bloomberg Natural Gas

GUSHCDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF

In short

BOIL The 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.

GUSH A 2x bet on the drillers, not the barrel. GUSH aims for 200% of the daily move of an S&P index of oil and gas exploration and production stocks, resetting every single close.

Stated mandate

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

GUSH The fund seeks daily investment results equal to 200% of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, before fees and expenses.

Why people hold it

  • BOIL 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.
  • GUSH Targets 200% of the daily move of the S&P Oil & Gas Exploration & Production Select Industry Index: the companies pulling it out of the ground, not a broad energy basket.direxion.com
  • Exposure comes from roughly 60 E&P stocks rather than a crude or gas futures ladder, unlike commodity-based peers such as UCO and BOIL.
  • 0.94% expense ratio lands at the low end of its leveraged energy peer group, below DIG's 1.07%.
  • Live since 2015 and actively traded, so it carries a full oil cycle of operating history.

Worth knowing

  • BOIL 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.
  • GUSH The 2x target applies to one trading day. Over longer holds, daily compounding can pull results away from twice the index move for that stretch.direxion.com
  • One industry, doubled. E&P share prices move with crude, and the leverage magnifies both directions.
  • A near-1% fee is heavy next to plain index funds, and it accrues the whole time the position is open. Distributions are quarterly.

Full BOIL profile⁠

Full GUSH profile⁠

BOIL vs GUSH Holdings

How BOIL and GUSH differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BOIL and 0.0% of GUSH.

Level by level

  • Asset classCommodities, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for BOIL.

Country, concentration and asset class

Country by domicile

No country split for BOIL.

Concentration

Weight in the 10 largest Holdings

  • BOIL100.0%
  • GUSH68.3%

Securities held

  • BOIL0
  • GUSH52

Asset class

BOIL
Commodities
GUSH
Equity

Holdings

  • Only in BOIL0
  • In both0
  • Only in GUSH52

Only in BOIL

0 securities, 0.0% of BOIL by weight

Only in GUSH

52 securities, 37.4% of GUSH by weight

  • Goldman Finl Sq Trsry Inst 5063.35%
  • Range Resources Corp1.13%
  • Apa Corp1.02%

Weight gaps

BOIL and GUSH share no securities.

All 2 BOIL holdings⁠All 63 GUSH holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BOIL vs GUSH Cost

Overpaying BOIL vs GUSH

$165

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

  • BOIL 0.95%

    $17,869

  • GUSH 0.94%

    $17,704

$10,000
30 years

Cost over time

  • BOIL 0.95%
  • GUSH 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BOIL $17,869GUSH $17,704

Year by year

YearBOILGUSHOverpaying
10$1,678$1,661$17
20$6,322$6,260$62
30$17,869$17,704$165

Expense ratio

  • 0.95%BOIL
  • 0.94%GUSH, cheaper
  • Middle half of 2x/3x Long Energy funds
  • Median 0.94%

GUSH 3rd cheapest of 6 funds

BOIL 4th cheapest of 6 funds

BOIL vs GUSH Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BOIL No data
GUSH 1.03%
Payout (12M)
BOIL None
GUSH $0.48
Last payment
BOIL No data
GUSH $0.15
Ex-dividend
BOIL No data
GUSH Sep 22, 2026
Paid on
BOIL No data
GUSH Sep 29, 2026
Frequency
BOIL No data
GUSH Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BOILAll BOIL payments⁠

No distribution history available.

GUSHQuarterly · 26 paymentsAll GUSH payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Sep 25, 2018 $0.93; Dec 27, 2018 $0.42; Mar 19, 2019 $3.01; Jun 25, 2019 $1.12; Sep 24, 2019 $1.28; Dec 23, 2019 $0.73; Jun 23, 2020 $0.0023; Sep 22, 2020 $0.00014; Dec 22, 2020 $0.02; Jun 22, 2022 $0.03; Sep 20, 2022 $0.14; Mar 21, 2023 $0.28; Jun 21, 2023 $0.23; Sep 19, 2023 $0.26; Dec 21, 2023 $0.21; Mar 19, 2024 $0.22; Jun 25, 2024 $0.22; Sep 24, 2024 $0.20; Dec 23, 2024 $0.18; Mar 25, 2025 $0.16; Jun 24, 2025 $0.15; Sep 23, 2025 $0.15; Dec 23, 2025 $0.11; Mar 24, 2026 $0.14; Jun 23, 2026 $0.08; Sep 22, 2026 $0.15. Use the arrow keys to read each point.$0$2.502017202020232026YTD

BOIL vs GUSH Risk

Fall from peak · 5 years

  • BOIL
  • GUSH
Nov 2, 2021 to Nov 2, 2026. Worst fall: BOIL −99.9% · Nov 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
BOIL 94.9%GUSH 53.7%, better
Return per unit of riskSharpe ratio, 3 years
BOIL −0.82GUSH 0.41, better
Worst fallMax drawdown, 5 years
BOIL −99.9%GUSH −73.7%, better
Market sensitivityBeta, 5 years
BOIL 3.18GUSH 0.01

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