Snapshot*
Top 10 Holdings
What is BOAT?
The SonicShares Global Shipping ETF (BOAT) provides pure-play exposure to the global maritime shipping industry. BOAT is an indexed ETF that seeks to provide performance results that correspond, before fees and expenses, to the Solactive Global Shipping Index. The Index consists of global shipping companies engaged in the maritime transportation of goods and raw materials, including consumer and industrial products, vehicles, dry bulk, crude oil and liquefied natural gas. Maritime shipping is considered the lifeline of the U.S. and global economies, as around 90% of the world s trade is carried by sea. With the economy s continued reliance on world trade, just-in-time manufacturing and inventory management, our dependence on maritime shipping should continue, which in turn should benefit shipping company stocks. BOAT allows investors to express a bullish view not only on this critical industry, but also on the anticipated recovery of the global economy that it sustains.
BOATPerformance Measures**
for the time period Aug 4, 2021 to Aug 6, 2026
1M Trailing Return: 9.6%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 5.5%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -33.9%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 25.0%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 1.02
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.74
The annualized return divided by the max drawdown for the selected time period.
ETFs related toBOAT
ETFs correlated to BOAT include EMC, ICOW, FYLD
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.