BDRY vs. BOAT
Compare and contrast key facts about Breakwave Dry Bulk Shipping ETF (BDRY) and SonicShares Global Shipping ETF (BOAT).
BDRY and BOAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BDRY is a passively managed fund by ETFMG that tracks the performance of the Breakwave Dry Freight Futures Index. It was launched on Mar 22, 2018. BOAT is a passively managed fund by Toroso Investments that tracks the performance of the Solactive Global Shipping Index - Benchmark TR Net. It was launched on Aug 3, 2021. Both BDRY and BOAT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDRY or BOAT.
Key characteristics
| BDRY | BOAT | |
|---|---|---|
| YTD Return | -28.20% | 10.16% |
| 1Y Return | 39.50% | 22.39% |
| 3Y Return (Ann) | -28.51% | 16.89% |
| Sharpe Ratio | 0.78 | 0.96 |
| Sortino Ratio | 1.44 | 1.39 |
| Omega Ratio | 1.17 | 1.17 |
| Calmar Ratio | 0.53 | 1.26 |
| Martin Ratio | 1.62 | 2.87 |
| Ulcer Index | 28.20% | 7.76% |
| Daily Std Dev | 58.48% | 23.32% |
| Max Drawdown | -89.16% | -31.09% |
| Current Drawdown | -80.00% | -15.77% |
Correlation
The correlation between BDRY and BOAT is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BDRY vs. BOAT - Performance Comparison
In the year-to-date period, BDRY achieves a -28.20% return, which is significantly lower than BOAT's 10.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BDRY vs. BOAT - Expense Ratio Comparison
BDRY has a 3.76% expense ratio, which is higher than BOAT's 0.69% expense ratio.
Risk-Adjusted Performance
BDRY vs. BOAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) 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.
Dividends
BDRY vs. BOAT - Dividend Comparison
BDRY has not paid dividends to shareholders, while BOAT's dividend yield for the trailing twelve months is around 7.00%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BDRY Breakwave Dry Bulk Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% |
BOAT SonicShares Global Shipping ETF | 7.00% | 13.65% | 13.57% | 1.36% |
Drawdowns
BDRY vs. BOAT - Drawdown Comparison
The maximum BDRY drawdown since its inception was -89.16%, which is greater than BOAT's maximum drawdown of -31.09%. Use the drawdown chart below to compare losses from any high point for BDRY and BOAT. For additional features, visit the drawdowns tool.
Volatility
BDRY vs. BOAT - Volatility Comparison
Breakwave Dry Bulk Shipping ETF (BDRY) has a higher volatility of 15.16% compared to SonicShares Global Shipping ETF (BOAT) at 7.55%. This indicates that BDRY's price experiences larger fluctuations and is considered to be riskier than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.