Metal borides (AlB2, MgB2, Mg0.5Al0.5B2, AlB12, SiB6 and MgAlB14) and boron carbide (B4C) reacted with Al were compared to B, Mg, Al, Mg-Al and Si as potential energetic fuel additives. Stoichiometric physical mixtures of powders corresponding to unreacted boride compounds (Al+2B, Mg+2B, Mg-Al+2B, Al+12B, Si+6B, Mg-Al+14B, and B4C+2Al) were also investigated in comparison to the compounds. Submicron boron was used, which resulted in very fine particle sizes for all materials studied. It was demonstrated that boride compounds were less sensitive to low-temperature oxidation in flowing air than physical mixtures or metallic fuels. Compounds with high mole fractions of boron were generally less sensitive, but their high temperature oxidation behavior showed no improvement over boron. Cylinder expansion testing of MgAlB14 exposed its poor performance in an energetic mixture. However, aluminum and magnesium diborides (AlB2, MgB2 and Mg0.5Al0.5B2) also had relatively low sensitivity and exhibited mechanisms to increase the rate of boron oxidation at high temperatures, showing promise as insensitive high-energy-density fuel additives. Detonation calorimetry of mixtures with AlB2 or Al+2B suggested that the AlB2 mixture released approximately 50% more heat per gram than Al +2B and underwent complete reaction. These results warrant further testing of the diboride compounds in energetic formulations. Due to the high cost of boron and acceptable performance of B4C-Al mixtures, B4C should also be investigated as a lower-cost alternative to boron.