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                                    What Are Natural Gas ETFs, and How Do they Work?
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                                        8/28/2025 06:20pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-91e9c5c4="">There are no unleveraged ETFs in natural gas sector. The closest leveraged ETF is the Proshares Ultra Bloomberg Natural Gas ETF (NYSEARCA:BOIL), which provides twice the daily performance of the Bloomberg Natural Gas Subindex. BOIL is part of ProShares' suite of leveraged ETFs and is designed for active traders seeking amplified exposure to natural gas futures contracts.</div> <div class="dialog_answer" data-v-91e9c5c4=""><div class="dialog_content" data-v-91e9c5c4=""> <div class="answer_robot" data-v-91e9c5c4=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/AIme.ae832fb.png" alt="robot" class="avatar" data-v-91e9c5c4=""> <div class="user_name" data-v-91e9c5c4=""></div></div> <div class="question_content" data-v-91e9c5c4=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-4e97ba8a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-4e97ba8a=""> <div class="recommend-part" data-v-7790c618="" data-v-4e97ba8a=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/stock-recommend-icon.77f1c78.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime powers your decisions</span></div> </div></div> </div> <div class="container-mask" style="display:none;"></div></div></div></div><script>window.__NUXT__=(function(a,b,c,d,e,f,g,h,i,j,k,l,m,n,o,p,q,r,s,t,u,v,w,x,y,z,A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,X,Y,Z,_,$,aa,ab,ac,ad,ae,af,ag,ah,ai,aj,ak){return {layout:"default",data:[{noData:b,currentQuestion:e,textDescription:E,comeFrom:"AInvestShareLink",events:[{event_name:h,event_type:F,content:{}}],answerSource:r}],fetch:{},error:f,state:{sharePreviewModule:{loadJgySuccess:n,dialogRenderList:[{originAnswer:{input_media_info:[],session_round:1,agent_id:a,output_media_info:[],task_id:a,language:a,source:r,cache_builder:a,reply_action:"Answer",execute_mode:s,event_refresh_answer:a,param:"{\"entity_info\":{},\"add_info\":{\"ori_question\":\"What Are Natural Gas ETFs, and How Do they Work?\"},\"event_list\":[{\"event_name\":\"normal_agent\",\"event_type\":\"user_input\",\"content\":{}}],\"client_ip\":\"\",\"question\":\"What Are Natural Gas ETFs, and How Do they Work?\",\"user_id\":\"aime-dialog-platform-backend-server\",\"user_name\":\"\",\"trace_id\":\"aime-dialog-platform-f3d548bc70c84bfd82ed46ac793205d7\",\"session_id\":\"86dd7134e51d4455a88572f87d489314\",\"source\":\"ths_wencai_international\",\"input_type\":\"typewrite\"}",agent_info:[{info_type:"search",raw_data:{number:G,title:H,summary:I,full_summary:a,url:J,image_url:a,video_url:a,publish_time:K,search_extra_info:{search_burial_info:{id:i,uid:i,ab:{scene_id:L,layer_exp:[{layer_id:M,exp_id:N}]}}},simhash:"9bedd8f73f07641a",msg_id:i,channel:O}}],answer_chain_name:P,agent_mode:h,native_answer:a,come_from:a,text_answer:E,trace_id:Q,cost:17468,event_names:h,question:e,fallback_type:R,input_type:"typewrite",fall_back_reason:{fall_back_type:R,may_fall_back_reason:"UNKNOWN",risk_detail:{matched_words:[]}},session_id:S,first_return_cost:2796,cache_type:"no_cache",question_id:"23d9e71a-4af6-441a-9ae0-c97613c42695",transfer_question:e,signal_type:"ON_COMPLETE",start_time:t,remote_svc:"aime-dialog-platform",slots:[],answer_type:s,user_id:u,skill_name:v},renderList:[{type:"base_info",answer_path:"logs\u002FbaseInfo",logs:[],base_info:{trace_id:Q,session_id:S,user_id:u,question:e,source:r,raw_question:e,version:"3.3.1",action_name:v,nlu:{entity:[{name:"Natural Gas Services",type:w,value:"NGS.N",market:T},{name:"National Fuel Gas",type:w,value:"NFG.N",market:T},{name:"Stealthgas",type:w,value:"GASS.O",market:"185"}]},output_time:t,deep_research:b,deep_thinking:b,agent_mode:h},extra:{}},{answer_path:x,section:{id:1001,info_texts:["Thinking"],show_type:y,choice:[],result_page:{},tag_info_list:[],is_last:c,status:"begin"},logs:[],extra:{is_deep_research:b,deep_thinking:b}},{answer_path:d,section:{id:z,info_texts:[],show_type:o,choice:[],result_page:{},tag_info_list:[],is_last:c},logs:[],extra:{}},{answer_path:x,section:{id:1002,info_texts:["Querying ETF: ETFs with Natural Gas Theme"],show_type:y,choice:[],result_page:{},tag_info_list:[],is_last:c,status:U},logs:[],extra:{action:"Querying ETF",action_input:"ETFs with Natural Gas Theme",thought:"The investor seeks to understand natural gas ETFs and their mechanism. 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Are Natural Gas ETFs, and How Do they Work?",null,"llm_generated","normal_agent","907a4569e1cd69a","📈 How do natural gas ETFs respond to changes in global energy policies and regulations?","📊 How have natural gas ETFs performed during periods of high volatility in the energy market?","👤 What are the most significant factors to consider when evaluating the performance of a natural gas ETF?","STR",0,"signal","rich_text","auto","ths_wencai_international","agent",1756376423376,"aime-dialog-platform-backend-server","search financial knowledge and rules","stock","progress\u002Fsearching_for","searching_for",999,2001,".","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.14.0\u002FrecommendList@1.14.0index.js","There are no unleveraged ETFs in natural gas sector. The closest leveraged ETF is the Proshares Ultra Bloomberg Natural Gas ETF (NYSEARCA:BOIL), which provides twice the daily performance of the Bloomberg Natural Gas Subindex. BOIL is part of ProShares' suite of leveraged ETFs and is designed for active traders seeking amplified exposure to natural gas futures contracts.","user_input",2,"BOIL: Leveraged Natural Gas ETF For Active Traders","deepblue4you\u002FiStock via Getty Images Fast facts The Proshares Ultra Bloomberg Natural Gas ETF (NYSEARCA:BOIL) is a leveraged ETF based on the Bloomberg Natural Gas Subindex with a factor of 2x, and it launched on 10\u002F4\u002F2011. The issuer, ProShares, specializes in leveraged and inverse ETFs, with about one hundred of these products based on equity indexes, bond indexes, commodities, currencies and cryptos. Strategy BOIL primarily holds natural gas futures contracts to provide, before fees and expenses, twice the daily performance of the Bloomberg Natural Gas Subindex. Therefore, the index (and BOIL) rolled to the next lead contract (November) between August 8 and August 14. There is no unleveraged ETF strictly based on this index, but United States Natural Gas Fund LP (UNG) is the closest to it. It is based on the price of the Henry Hub Natural Gas futures contracts expiring in the current month or the next month, rolling from one month to the next two weeks before contract expiration. Additionally, UNG is a partnership, not an ETF. In the case of precious metals, it may affect leveraged ETFs, but not unleveraged ETFs holding physical metal. Contango term structure example (CME Group) Let’s come back to the example of natural gas on 8\u002F15\u002F2025. However, the 2X ETF loses one third of its value, instead of 10% in the first case: (1 + 1) x (1 - 0.6667) = 0.6667 With this demonstration, it shows that the higher the volatility, the larger the decay. Gas funds are trading instruments As of writing, BOIL is the only leveraged bull ETF in natural gas. Its bear sibling Proshares Ultrashort Bloomberg Natural Gas (KOLD) features a leverage factor of -2x. Contango is a tailwind for KOLD, as it rolls short positions in the same futures. All these instruments show heavy losses since their inceptions. None of them is suitable as a long-term investment. Shorting them looks appealing, but it has significant risks: natural gas prices may jump, borrowing rates may vary, borrowed shares ma...","https:\u002F\u002Fseekingalpha.com\u002Farticle\u002F4814530-boil-leveraged-natural-gas-etf-for-active-traders","2025-08-18","oeqxkhszf","oeqxkhszf_layer","base","news_en","agent_common_v2\nagent-summary","aime-dialog-platform-f3d548bc70c84bfd82ed46ac793205d7","NONE","86dd7134e51d4455a88572f87d489314","169","thinking","There are no unleveraged ETF","s in natural gas sector. The closest leveraged ETF is the Proshares Ultra Bloomberg Natural Gas ETF (NYSEARCA:BOIL), which provides twice the daily performance of the Bloomberg Natural Gas Subindex. BOIL is part of ProShares' suite of leveraged ETFs and is designed for active traders seeking amplified exposure to natural gas futures contracts[^2]","2+773_496_21_554+0+0+aime-dialog-platform-f3d548bc70c84bfd82ed46ac793205d7+c9e8ac831e99e6ac33ad4d15376649c5+llm_generated+aimeKnowTagAnalysis+0+0.012819784693419933+1","2+773_496_21_554+0+0+aime-dialog-platform-f3d548bc70c84bfd82ed46ac793205d7+4f9fc92a11dcc319540065a621f2c038+llm_generated+aimeKnowTagAnalysis+0+0.010802951641380787+2","2+773_496_21_554+0+0+aime-dialog-platform-f3d548bc70c84bfd82ed46ac793205d7+3aa774924939d0aac73ca7abc6826a31+llm_generated+aimeKnowTagAnalysis+0+0.010021591559052467+3",3,"recommend_query_list","ztxxx06c0a024223920bbbeb1e0926","send_text","item_type","rec_info","display_text","rec_reason","root","relative","iwencai\u002FrecommendList0326","aigc","\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/195837b.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/e402278.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7c15041.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/69a864a.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/9579193.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/6726d3c.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/c69ce63.js" defer=""></script>