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ACWI vs. BOAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWI vs. BOAT

Last updated Aug 6, 2026
Documentation

ACWI (iShares MSCI ACWI ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - ACWI is a Global Equities fund tracking the MSCI All Country World Index, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. Both are passively managed. Over the past 5 years, ACWI returned 11.20%/yr vs 24.02%/yr for BOAT. Their 0.47 correlation means their historical movements had little consistent relationship. ACWI charges 0.32%/yr vs 0.69%/yr for BOAT.

Performance

ACWI vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI ACWI ETF (ACWI) and SonicShares Global Shipping ETF (BOAT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ACWI achieves a 14.17% return, which is significantly lower than BOAT's 42.13% return.

ACWI

1D
-0.08%
1M
1.60%
6M
11.42%
YTD
14.17%
1Y
25.54%
3Y*
20.39%
5Y*
11.20%
10Y*
12.69%
ALL TIME*
8.61%

BOAT

1D
-1.60%
1M
8.65%
6M
25.47%
YTD
42.13%
1Y
50.36%
3Y*
26.08%
5Y*
24.02%
10Y*
—
ALL TIME*
24.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ACWI

iShares MSCI ACWI ETF
$416.62M$465.89M$498.47M

BOAT

SonicShares Global Shipping ETF
$1.73M$1.10M$1.06M

ACWI vs. BOAT - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ACWI
iShares MSCI ACWI ETF		14.17%22.41%17.45%22.27%-18.39%3.88%
BOAT
SonicShares Global Shipping ETF		42.13%22.77%5.97%24.53%6.26%21.24%

Correlation

The correlation between ACWI and BOAT is 0.35, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.35

Correlation (3Y)
Balances recent behavior with more history.

0.37

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.47

Correlation (All Time)
Calculated using the full available price history since Aug 4, 2021

0.47

The correlation between ACWI and BOAT shifts across timeframes, from 0.35 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

ACWI vs. BOAT - Sectors Allocation Comparison

Sectors
ACWI
BOAT

Technology

32.7%

-

Financial Services

16.0%
6.6%

Industrials

10.8%
29.2%

Consumer Cyclical

8.7%

-

Healthcare

8.3%

-

Communication Services

8.0%

-

Consumer Defensive

4.7%

-

Energy

3.6%
10.3%

Basic Materials

3.4%

-

Utilities

2.4%

-

Real Estate

1.6%

-

Technology

ACWI
32.7%
BOAT

-

Financial Services

ACWI
16.0%
BOAT
6.6%

Industrials

ACWI
10.8%
BOAT
29.2%

Consumer Cyclical

ACWI
8.7%
BOAT

-

Healthcare

ACWI
8.3%
BOAT

-

Communication Services

ACWI
8.0%
BOAT

-

Consumer Defensive

ACWI
4.7%
BOAT

-

Energy

ACWI
3.6%
BOAT
10.3%

Basic Materials

ACWI
3.4%
BOAT

-

Utilities

ACWI
2.4%
BOAT

-

Real Estate

ACWI
1.6%
BOAT

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI ACWI ETF

SonicShares Global Shipping ETF

Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. VOOACWI vs. ACWI.LACWI vs. VTI
Often compared with BOAT:
BOAT vs. SEABOAT vs. BDRYBOAT vs. MATXBOAT vs. BWETBOAT vs. PPABOAT vs. SPYBOAT vs. VOO

Return for Risk

ACWI vs. BOAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ACWI
ACWI Risk / Return Rank: 7070
Overall Rank
ACWI Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 6868
Sortino Ratio Rank
ACWI Omega Ratio Rank: 6969
Omega Ratio Rank
ACWI Calmar Ratio Rank: 6666
Calmar Ratio Rank
ACWI Martin Ratio Rank: 7676
Martin Ratio Rank
BOAT
BOAT Risk / Return Rank: 8787
Overall Rank
BOAT Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
BOAT Sortino Ratio Rank: 8888
Sortino Ratio Rank
BOAT Omega Ratio Rank: 8484
Omega Ratio Rank
BOAT Calmar Ratio Rank: 9191
Calmar Ratio Rank
BOAT Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACWI vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI ETF (ACWI) and SonicShares Global Shipping ETF (BOAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

ACWIBOATDifference
Sharpe ratioReturn per unit of total volatility
1.83
2.46

-0.62

Sortino ratioReturn per unit of downside risk
2.54
3.26

-0.72

Omega ratioGain probability vs. loss probability

1.33

1.40

-0.07

Calmar ratioReturn relative to maximum drawdown

2.64

4.36

-1.72

Martin ratioReturn relative to average drawdown

11.01

12.30

-1.29

ACWI vs. BOAT - Sharpe Ratio Comparison

The current ACWI Sharpe Ratio is 1.83, which is comparable to the BOAT Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of ACWI and BOAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ACWI vs. BOAT - Drawdown Comparison

The maximum ACWI drawdown since its inception was -56.00%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for ACWI and BOAT.

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Drawdown Indicators

ACWIBOATDifference

Max Drawdown

Largest peak-to-trough decline

-56.00%

-33.94%

-22.06%

Max Drawdown (1Y)

Largest decline over 1 year

-9.73%

-11.60%

+1.87%

Max Drawdown (3Y)

Largest decline over 3 years

-16.55%

-33.94%

+17.39%

Max Drawdown (5Y)

Largest decline over 5 years

-26.42%

-33.94%

+7.52%

Max Drawdown (10Y)

Largest decline over 10 years

-33.53%

—

—

Current Drawdown

Current decline from peak

-0.08%

-2.56%

+2.48%

Average Drawdown

Average peak-to-trough decline

-8.55%

-9.49%

+0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

4.11%

-1.78%

Volatility

ACWI vs. BOAT - Volatility Comparison

The current volatility for iShares MSCI ACWI ETF (ACWI) is 4.18%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 6.75%. This indicates that ACWI experiences smaller price fluctuations and is considered to be less risky than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWIBOATDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

6.75%

-2.57%

Volatility (6M)

Calculated over the trailing 6-month period

11.80%

16.96%

-5.16%

Volatility (1Y)

Calculated over the trailing 1-year period

13.99%

20.71%

-6.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.25%

25.03%

-8.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.07%

25.06%

-7.99%

ACWI vs. BOAT - Expense Ratio Comparison

ACWI has a 0.32% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

ACWI vs. BOAT - Dividend Comparison

ACWI's dividend yield for the trailing twelve months is around 1.40%, less than BOAT's 6.47% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWI
iShares MSCI ACWI ETF		1.40%1.55%1.70%1.88%1.79%1.71%1.43%2.33%2.18%1.94%2.19%2.56%
BOAT
SonicShares Global Shipping ETF		6.47%8.08%13.89%13.65%13.57%1.36%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ACWI and BOAT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BOAT has higher volatility (6.75%) compared to ACWI (4.18%). In terms of maximum drawdown, ACWI dropped -56.00% vs BOAT's -33.94%.

On 5-year performance, BOAT leads with 24.02% vs 11.20% for ACWI. On fees, ACWI is cheaper at 0.32% per year. On volatility, ACWI has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BOAT has performed better with a 24.02% return vs 11.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ACWI is cheaper with a 0.32% expense ratio, compared with 0.69% for BOAT.

BOAT has the higher dividend yield at 6.47%, compared with 1.40% for ACWI.

ACWI is categorized as Global Equities, while BOAT is Industrials Equities. ACWI tracks MSCI All Country World Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: iShares and Tidal. Their fees differ too: 0.32% for ACWI and 0.69% for BOAT.

BOAT currently has the higher Sharpe Ratio (2.46 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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