ProShares Ultra Bloomberg Natural Gas (BOIL) Performance
BOIL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −61.8% since Dec 31, 2025
- 1 year
- −70.2% total return
- 5 years
- −73.5% a year
- 10 years
- −60.1% a year
- Since first price
- −51.7% a year since 2011
BOIL trailing returns vs SPY, QQQ, AGG
| Period | BOIL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −19.4% | −19.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −23.6% | −23.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −32.1% | −32.1% | +7.8% | +8.4% | −1.5% |
| YTD | −61.8% | −61.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −70.2% | −70.2% | +14.4% | +15.9% | −1.1% |
| 3 years | −97.0%−68.9%/yr | −97.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −99.9%−73.5%/yr | −99.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −99.99%−60.1%/yr | −99.99% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −100.00%−51.8%/yr | −100.00% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionOct 6, 2011 | −100.00%−51.7%/yr | −100.00% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BOIL vs SPY
From Oct 6, 2011: BOIL grew to $0, SPY to $84,714.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BOIL returns by calendar year
2 of 14 full years positive. Best 2021 (+23.8%), worst 2023 (−92.0%). 2026 is year to date.
BOIL annual returns table
| Year | BOIL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −61.8% | −78.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −59.0% | −79.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −60.7% | −81.2% | +24.9% | +25.6% | +1.3% |
| 2023 | −92.0% | −92.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −31.9% | −86.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.8% | −74.6% | +28.7% | +27.4% | −1.8% |
| 2020 | −74.7% | −78.5% | +18.3% | +48.6% | +7.5% |
| 2019 | −67.7% | −74.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −20.6% | −64.1% | −4.6% | −0.1% | +0.1% |
| 2017 | −65.7% | −67.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +2.6% | −56.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −70.7% | −83.4% | +1.2% | +9.4% | +0.5% |
| 2014 | −36.9% | −36.9% | +13.5% | +19.2% | +6.0% |
| 2013 | 0.0% | 0.0% | +32.3% | +36.6% | −2.0% |
| 2012 | 0.0% | 0.0% | +16.0% | +18.1% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BOIL largest drawdowns
Now 100.00% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 18, 2014 | −100.00% | Oct 23, 2026 | not yet | 11.8 years | 11.8 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BOIL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | −67.0% | −74.0% | −59.0% | −51.6% |
| Volatility (annualized) | 96.5% | 122.0% | 104.1% | 88.4% |
| Sharpe ratio | -0.65 | -0.48 | -0.34 | -0.37 |
| Sortino ratio | -0.87 | -0.69 | -0.50 | -0.55 |
| Best month | +77.6% | +109.1% | +109.1% | +109.1% |
| Worst month | −59.6% | −59.7% | −59.7% | −59.7% |
| Best 12 months | +33.4% | +33.4% | +323.0% | +323.0% |
| Worst 12 months | −89.2% | −97.5% | −97.5% | −97.5% |
| Positive months | 33% | 35% | 38% | 28% |
| Beta vs S&P 500 | -1.24 | 0.30 | 0.46 | — |
| Correlation with S&P 500 | -0.16 | 0.04 | 0.07 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BOIL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 169 | −97.5% | −48.9% | +323.0% | 13% |
| 3-year (a year) | 145 | −85.7% | −52.3% | 0.0% | 0% |
| 5-year (a year) | 121 | −74.0% | −51.7% | −26.0% | 0% |
| 10-year (a year) | 61 | −61.3% | −55.4% | −32.1% | 0% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
BOIL performance overview
ProShares Ultra Bloomberg Natural Gas (BOIL) returned −70.2% over the past year and −60.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned −51.7% a year, turning $10,000 into about $0. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −100.00%, from Dec 18, 2014 to Oct 23, 2026; the fund has not yet regained that high. BOIL finished 2 of its 14 full calendar years with a gain; the best year was 2021 (+23.8%) and the worst 2023 (−92.0%). Volatility has been 88.4% a year.
Related: BOIL chart. See the BOIL overview for the latest quote and fund facts.
BOIL performance FAQ
What is the BOIL return over the past year?
BOIL returned −70.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 70.2%.
What is the average annual return of BOIL?
BOIL has returned −73.5% a year over 5 years, −60.1% a year over 10 years, −51.7% a year since October 6, 2011 (total return, distributions reinvested).
How much would $10,000 invested in BOIL be worth?
$10,000 invested in BOIL at its first recorded close on October 6, 2011 would be worth about $0 on October 23, 2026 with distributions reinvested.
What was the worst year for BOIL?
The worst calendar year was 2023, with a total return of −92.0%. The best was 2021 at +23.8%.
What is the biggest drawdown of BOIL?
The largest peak-to-trough decline was −100.00% between December 18, 2014 and October 23, 2026. It has not yet recovered to that high; it is 100.00% below its peak.
How volatile is BOIL?
Over the past 3 years BOIL had an annualized volatility of 96.5% and a Sharpe ratio of -0.65 (excess return over 1–3 month T-bills per unit of risk).