Share-split context: A reverse split was recorded on May 28, 2026 with coefficient 0.5. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

ETF Education Report: ProShares Ultra Bloomberg Natural Gas 2x Shares (BOIL)

What this ETF is trying to do

BOIL is an exchange-traded fund (ETF) that focuses on natural gas. This is a "leveraged" ETF, which means it uses financial tools to try to provide twice (2x) the daily performance of its target index. Because it is leveraged, its price can move much faster than the actual natural gas market.

What the numbers show

The data shows significant share-price declines over different time periods. Because this ETF has a history of splits, we look at "split-adjusted" returns to understand the true performance.

• Year-to-Date (YTD) Price Return: Approximately -51.66%

• One-Year Price Return: Approximately -66.64%

• Three-Year Price Return: Approximately -96.78%

• Five-Year Total Return: Approximately -99.86%

In this case, the price return and the total return figures are the same because no distributions were paid.

Income and distribution explanation

Some investors look at ETFs for cash income, known as a "distribution yield." For BOIL, the distribution yield is 0%. No distributions have been detected over the last 12 months.

NAV erosion explanation

This ETF has a severe erosion-risk flag. This means that StockValueFinder's screening rules detected substantial price deterioration. The fund has an erosion score of 10, which is labeled as "Severe price erosion."

It is also important to note that this ETF has a history of reverse splits. A reverse split happens when multiple old shares are combined into fewer new shares. This causes the price per share to rise mechanically, but it does not restore lost investment value. This ETF has had 7 reverse split events in its history.

Pros

• The ETF provides leveraged exposure, meaning it aims to multiply the daily movement of natural gas prices.

Cons

• High Risk: The leveraged nature can lead to very large losses.

• Severe Price Decline: The data shows a massive decline in share price over the last three to five years.

• Erosion Risk: The fund carries a severe erosion-risk flag and a low erosion score.

• Reverse Splits: The history of reverse splits is a structural indicator often seen in funds with declining values.

Beginner takeaway

BOIL is a highly complex, leveraged ETF. While it aims to multiply gains, the data shows it has also experienced massive share-price declines. Investors should understand that "leveraged" means higher risk, and the severe erosion-risk flag indicates significant price deterioration over time.