ProShares Ultra Bloomberg Natural Gas (BOIL) — Stock Correlations & Overview
Over the past year, BOIL has moved most closely with UNG, UNL, EXE. Explore the stocks most correlated and inversely correlated with BOIL below, along with its price, financials, and company profile.
Stocks correlated with BOIL
Correlation of daily returns. Higher positive values move with BOIL; negative values move opposite it. Informational only, not investment advice.
Most correlated with BOIL
| Symbol | Company | Correlation |
|---|---|---|
| UNG | United States Natural Gas Fund, LP UnitCOMMODITY CONTRACTS BROKERS & DEALERS | 0.98 |
| UNL | United States 12 Month Natural Gas Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | 0.96 |
| EXE | Expand Energy Corporation Common StockCRUDE PETROLEUM & NATURAL GAS | 0.56 |
| PHOE | Phoenix Asia Holdings Limited Ordinary Shares | 0.52 |
| EQT | EQT CORPCRUDE PETROLEUM & NATURAL GAS | 0.51 |
Most inversely correlated with BOIL
| Symbol | Company | Correlation |
|---|---|---|
| KOLD | ProShares UltraShort Bloomberg Natural GasCOMMODITY CONTRACTS BROKERS & DEALERS | -0.95 |
| SORA | AsiaStrategy Ordinary Shares | -0.31 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.30 |
| DKI | DarkIris Inc. Class A Ordinary Shares | -0.29 |
| WTMF | WisdomTree Managed Futures Strategy Fund | -0.29 |
Frequently asked questions about BOIL correlations
- Which stocks are most correlated with BOIL?
- Based on one year of daily returns, the stocks most correlated with ProShares Ultra Bloomberg Natural Gas (BOIL) are UNG (0.98), UNL (0.96) and EXE (0.56). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BOIL?
- Over the past year, the stocks most inversely correlated with ProShares Ultra Bloomberg Natural Gas (BOIL) are KOLD (-0.95), SORA (-0.31) and DRIP (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BOIL correlations calculated?
- We compute the correlation of daily returns between BOIL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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