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ETFs

SonicShares Global Shipping ETF

BOAT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 03 2021
Expense Ratio
0.69%
Type
Global Equities
Fund Owner
SonicShares
Volume (1m avg. daily)
$130,261
AUM
$20,225,240
Associated Index
Solactive Global Shipping Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

9107
Kawasaki Kisen Kaisha Ltd
7.19%
9104
Mitsui O S K Lines Ltd.
5.89%
316
Orient Overseas (International) Ltd.
4.85%
OCW
Euronav NV
4.78%
MAERSK B
A.P. Moller - Maersk AS - Ordinary Shares - Class B
4.58%
1308
SITC International Holdings Company Limited
4.40%
HLAG
Hapag-Lloyd AG
4.35%
MATX
Matson Inc
4.27%
FRO
Frontline Plc
4.22%
011200
HMM
4.17%
Invest with BOAT

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.

ETFs related toBOAT

ETFs correlated to BOAT include EMC, ICOW, FYLD

BOAT
Tidal ETF Trust - SonicShares Global Shipping ETF
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
FYLD
Cambria Investment Management LP - Cambria Foreign Shareholder Yield ETF
GCOW
Pacer Funds Trust - Pacer Global Cash Cows Dividend ETF
IDV
BlackRock Institutional Trust Company N.A. - iShares International Select Dividend ETF
AVDV
American Century ETF Trust - Avantis International Small Cap Value ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
FGD
First Trust Exchange-Traded Fund III - First Trust Dow Jones Global Select Dividend Index Fund
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF

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

BOAT is a Global Equities ETF. 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.

BOAT tracks the Solactive Global Shipping Index.

No, BOAT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BOAT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BOAT is 0.0285%. This is the percent change in the value of BOAT over the most recent 1-month period. The 3-month return on BOAT is 0.1363%. This is the percent change in the value of BOAT over the most recent 3-month period.

The standard deviation of BOAT for the past year is 0.2439%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BOAT include GDX, IXC, and KWEB.

ETFs correlated to BOAT include EMC, ICOW, and FYLD.

ETFs that are inversely correlated to BOAT include EFZ, EPV, and EDZ.

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.