BOIL Promises 2x Natural Gas, But Contango Has Eaten 99 Percent of Its Value Over the Past Decade
Key takeaways
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Pro Shares wasn t one of them.
- The promise on the ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) tin is straightforward.
- BOIL holds front-month natural gas futures and swaps tied to the Bloomberg Natural Gas Subindex, levered 2x and reset daily.
BOIL Promises 2x Natural Gas, But Contango Has Eaten 99 Percent of Its Value Over the Past Decade Travis Wolfe / Shutterstock.com Omor Ibne Ehsan Mon, May 25, 2026 at 7:00 PM GMT+7 4 min read BOIL NVDA UNG NG=F Quick Read BOIL (BOIL) has collapsed 99.98% over ten years while its unlevered sibling UNG fell only 89%, proving that 2x daily leverage amplifies decay far beyond directional moves.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Pro Shares wasn t one of them. Get them here FREE.
The promise on the ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) tin is straightforward. You get 2x the daily move in natural gas futures. The reality is that BOIL has boiled 99.98% of its value over the past ten years, and anyone holding it longer than a few days has watched capital get ground down by the futures market itself.