PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ACWV vs. BOAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWV vs. BOAT

Last updated Aug 6, 2026
Documentation

ACWV (iShares MSCI Global Min Vol Factor ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - ACWV is a Global Equities fund tracking the MSCI ACWI Minimum Volatility Index, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. Both are passively managed. Over the past 5 years, ACWV returned 5.90%/yr vs 24.02%/yr for BOAT. Their 0.38 correlation means their historical movements had little consistent relationship. ACWV charges 0.20%/yr vs 0.69%/yr for BOAT.

Performance

ACWV vs. BOAT - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, ACWV achieves a 6.59% return, which is significantly lower than BOAT's 42.13% return.

ACWV

1D
-0.07%
1M
2.70%
6M
3.93%
YTD
6.59%
1Y
8.80%
3Y*
11.18%
5Y*
5.90%
10Y*
7.30%
ALL TIME*
8.80%

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)

ACWV

iShares MSCI Global Min Vol Factor ETF
$12.92M$11.41M$12.56M

BOAT

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

ACWV vs. BOAT - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ACWV
iShares MSCI Global Min Vol Factor ETF		6.59%11.04%11.38%8.23%-10.36%3.69%
BOAT
SonicShares Global Shipping ETF		42.13%22.77%5.97%24.53%6.26%21.24%

Correlation

The correlation between ACWV and BOAT is 0.33, which is low. Their historical price movements had little consistent relationship.

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

0.33

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

0.32

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

0.38

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

0.38

ACWV vs. BOAT - Sectors Allocation Comparison

Sectors
ACWV
BOAT

Technology

25.3%

-

Healthcare

13.8%

-

Financial Services

13.5%
6.6%

Communication Services

11.3%

-

Consumer Defensive

9.7%

-

Industrials

8.1%
29.2%

Utilities

7.5%

-

Consumer Cyclical

5.3%

-

Energy

3.5%
10.3%

Basic Materials

1.5%

-

Real Estate

0.6%

-

Technology

ACWV
25.3%
BOAT

-

Healthcare

ACWV
13.8%
BOAT

-

Financial Services

ACWV
13.5%
BOAT
6.6%

Communication Services

ACWV
11.3%
BOAT

-

Consumer Defensive

ACWV
9.7%
BOAT

-

Industrials

ACWV
8.1%
BOAT
29.2%

Utilities

ACWV
7.5%
BOAT

-

Consumer Cyclical

ACWV
5.3%
BOAT

-

Energy

ACWV
3.5%
BOAT
10.3%

Basic Materials

ACWV
1.5%
BOAT

-

Real Estate

ACWV
0.6%
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 Global Min Vol Factor ETF

SonicShares Global Shipping ETF

Often compared with ACWV:
ACWV vs. USMVACWV vs. VTACWV vs. MVOL.LACWV vs. EFAVACWV vs. SPLVACWV vs. VOOACWV vs. XMW.TO
Often compared with BOAT:
BOAT vs. SEABOAT vs. BDRYBOAT vs. MATXBOAT vs. BWETBOAT vs. PPABOAT vs. SPYBOAT vs. VOO

Return for Risk

ACWV vs. BOAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ACWV
ACWV Risk / Return Rank: 3737
Overall Rank
ACWV Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
ACWV Sortino Ratio Rank: 3939
Sortino Ratio Rank
ACWV Omega Ratio Rank: 3737
Omega Ratio Rank
ACWV Calmar Ratio Rank: 3535
Calmar Ratio Rank
ACWV Martin Ratio Rank: 3535
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.

ACWV vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) 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.

ACWVBOATDifference
Sharpe ratioReturn per unit of total volatility
1.10
2.46

-1.35

Sortino ratioReturn per unit of downside risk
1.65
3.26

-1.62

Omega ratioGain probability vs. loss probability

1.20

1.40

-0.20

Calmar ratioReturn relative to maximum drawdown

1.39

4.36

-2.97

Martin ratioReturn relative to average drawdown

3.94

12.30

-8.36

ACWV vs. BOAT - Sharpe Ratio Comparison

The current ACWV Sharpe Ratio is 1.10, which is lower than the BOAT Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of ACWV 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.

Loading charts...

Drawdowns

ACWV vs. BOAT - Drawdown Comparison

The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for ACWV and BOAT.

Loading charts...

Drawdown Indicators

ACWVBOATDifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

-33.94%

+5.12%

Max Drawdown (1Y)

Largest decline over 1 year

-6.37%

-11.60%

+5.23%

Max Drawdown (3Y)

Largest decline over 3 years

-7.56%

-33.94%

+26.38%

Max Drawdown (5Y)

Largest decline over 5 years

-18.14%

-33.94%

+15.80%

Max Drawdown (10Y)

Largest decline over 10 years

-28.82%

—

—

Current Drawdown

Current decline from peak

-0.07%

-2.56%

+2.49%

Average Drawdown

Average peak-to-trough decline

-3.10%

-9.49%

+6.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

4.11%

-1.87%

Volatility

ACWV vs. BOAT - Volatility Comparison

The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.43%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 6.75%. This indicates that ACWV 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.

Loading charts...

Volatility by Period

ACWVBOATDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.43%

6.75%

-4.32%

Volatility (6M)

Calculated over the trailing 6-month period

6.45%

16.96%

-10.51%

Volatility (1Y)

Calculated over the trailing 1-year period

8.02%

20.71%

-12.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.31%

25.03%

-14.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.30%

25.06%

-12.76%

ACWV vs. BOAT - Expense Ratio Comparison

ACWV has a 0.20% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

ACWV vs. BOAT - Dividend Comparison

ACWV's dividend yield for the trailing twelve months is around 1.88%, less than BOAT's 6.47% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWV
iShares MSCI Global Min Vol Factor ETF		1.88%2.09%2.33%2.41%2.18%1.92%1.77%2.54%2.32%2.04%2.56%2.28%
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

ACWV and BOAT have a correlation of 0.33, 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 ACWV (2.43%). In terms of maximum drawdown, ACWV dropped -28.82% vs BOAT's -33.94%.

On 5-year performance, BOAT leads with 24.02% vs 5.90% for ACWV. On fees, ACWV is cheaper at 0.20% per year. On volatility, ACWV has been the lower-risk option at 2.43%. 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 5.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ACWV is cheaper with a 0.20% expense ratio, compared with 0.69% for BOAT.

BOAT has the higher dividend yield at 6.47%, compared with 1.88% for ACWV.

ACWV is categorized as Global Equities, while BOAT is Industrials Equities. ACWV tracks MSCI ACWI Minimum Volatility Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: iShares and Tidal. Their fees differ too: 0.20% for ACWV and 0.69% for BOAT.

BOAT currently has the higher Sharpe Ratio (2.46 vs 1.10), 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.

Portfolio Optimizer

Find the right allocation for ACWV and BOAT

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer