- ISIN
- US8863646456
- CUSIP
- 886364645
- Issuer
- Tidal Investments
- Inception Date
- Aug 3, 2021
- Region
- Global (Broad)
- Category
- Transportation Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive Global Shipping Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Value
- Assets Under Management
- $82M
Share Price Chart
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Performance
BOAT Performance Chart
SonicShares Global Shipping ETF (BOAT) is up 33.7% since the beginning of the year. BOAT is currently trading at $42 per share.
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Returns By Period
SonicShares Global Shipping ETF (BOAT) has returned 33.67% so far this year and 49.12% over the past 12 months.
SonicShares Global Shipping ETF
- 1D
- 0.10%
- 1M
- -0.62%
- YTD
- 33.67%
- 6M
- 34.50%
- 1Y
- 49.12%
- 3Y*
- 28.90%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
BOAT Monthly Returns History
Based on dividend-adjusted daily data since Aug 4, 2021, BOAT's average daily return is +0.10%, while the average monthly return is +2.05%. At this rate, an investment would double in approximately 2.8 years.
Historically, 53% of months were positive and 47% were negative. The best month was May 2024 with a return of +17.6%, while the worst month was Jun 2022 at -18.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BOAT closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +7.8%, while the worst single day was Apr 4, 2025 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.46% | 17.03% | -2.18% | 2.23% | -3.23% | 4.03% | 33.67% | ||||||
| 2025 | -1.10% | -2.52% | -0.87% | -0.30% | 12.00% | -0.69% | 5.73% | 5.03% | -0.07% | 3.36% | 0.25% | 0.74% | 22.77% |
| 2024 | 5.41% | -1.42% | -2.49% | 8.63% | 17.55% | -2.80% | -6.56% | -1.49% | 7.01% | -9.15% | -4.82% | -1.06% | 5.97% |
| 2023 | 1.61% | 10.67% | -1.53% | -0.80% | -11.39% | 6.91% | 10.73% | -2.76% | 1.48% | -0.36% | 0.88% | 8.96% | 24.53% |
| 2022 | 0.40% | 14.20% | 3.60% | -7.96% | 13.80% | -18.32% | 13.33% | -7.47% | -16.20% | 6.72% | 14.32% | -2.48% | 6.26% |
| 2021 | 13.01% | 0.24% | -2.15% | -2.23% | 11.88% | 21.24% |
Benchmark Metrics
SonicShares Global Shipping ETF has an annualized alpha of 16.86%, beta of 0.72, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since August 04, 2021.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (88.46%) than losses (31.98%) - typical of diversified or defensive assets.
- R2 of 0.25 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 16.86%
- Beta
- 0.72
- R²
- 0.25
- Upside Capture
- 88.46%
- Downside Capture
- 31.98%
Expense Ratio
BOAT has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BOAT ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BOAT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 2.46 | +1.80 |
| Martin ratioReturn relative to average drawdown | 13.08 | 10.92 | +2.16 |
Dividends
Dividend History
SonicShares Global Shipping ETF provided a 6.13% dividend yield over the last twelve months, with an annual payout of $2.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $2.56 | $2.55 | $3.88 | $4.08 | $3.77 | $0.40 |
Dividend yield | 6.13% | 8.08% | 13.89% | 13.65% | 13.57% | 1.36% |
Monthly Dividends
The table displays the monthly dividend distributions for SonicShares Global Shipping ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.00 | $0.43 | ||||||
| 2025 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.85 | $2.55 |
| 2024 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $2.42 | $3.88 |
| 2023 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $2.45 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.75 | $4.08 |
| 2022 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $1.27 | $0.00 | $0.00 | $1.07 | $0.00 | $0.00 | $0.65 | $3.77 |
| 2021 | $0.05 | $0.00 | $0.00 | $0.35 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SonicShares Global Shipping ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SonicShares Global Shipping ETF was 33.94%, occurring on Apr 8, 2025. Recovery took 108 trading sessions.
The current SonicShares Global Shipping ETF drawdown is 3.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -33.94%Apr 2025 | 10mo 8d | 5mo 7d | 1y 3moJun 2024 - Sep 2025 |
Bear market2022 | -31.09%Sep 2022 | 4mo 1d | 1y 2mo | 1y 6moMay 2022 - Dec 2023 |
2021 correction2021 | -16.67%Oct 2021 | 27d | 2mo 22d | 3mo 19dSep 2021 - Jan 2022 |
Bear market2022 | -15.28%Apr 2022 | 1mo 6d | 27d | 2mo 3dMar 2022 - May 2022 |
2025 correction2025 | -11.60%Oct 2025 | 22d | 2mo 29d | 3mo 21dSep 2025 - Jan 2026 |
Drawdown Indicators
| BOAT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -56.78% | +22.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -9.10% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -33.94% | -18.90% | -15.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.87% | -3.21% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -10.71% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.04% | +1.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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