BOAT vs. ^GSPC
BOAT (SonicShares Global Shipping ETF) is Transportation Equities fund tracking the Solactive Global Shipping Index - Benchmark TR Net, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, BOAT returned 27.56%/yr vs 20.83%/yr for ^GSPC. At a 0.42 correlation, their price movements are largely independent.
Performance
BOAT vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, BOAT achieves a 29.73% return, which is significantly higher than ^GSPC's 10.35% return.
BOAT
- 1D
- -0.83%
- 1M
- -2.43%
- YTD
- 29.73%
- 6M
- 28.77%
- 1Y
- 49.09%
- 3Y*
- 27.56%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
BOAT vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 29.73% | 22.77% | 5.97% | 24.53% | 6.26% | 23.18% |
^GSPC S&P 500 Index | 10.35% | 16.39% | 23.31% | 24.23% | -19.44% | 8.26% |
Correlation
The correlation between BOAT and ^GSPC is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021 | 0.42 |
The correlation between BOAT and ^GSPC shifts across timeframes, from 0.31 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BOAT vs. ^GSPC — Risk / Return Rank
BOAT
^GSPC
BOAT vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and S&P 500 Index (^GSPC). 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.
| BOAT | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 2.93 | +1.32 |
| Martin ratioReturn relative to average drawdown | 13.13 | 13.52 | -0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BOAT | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.24 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.47 | +0.46 |
Drawdowns
BOAT vs. ^GSPC - Drawdown Comparison
The maximum BOAT drawdown since its inception was -33.94%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BOAT and ^GSPC.
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Drawdown Indicators
| BOAT | ^GSPC | 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 | -6.70% | -0.74% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -10.72% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 1.97% | +1.78% |
Volatility
BOAT vs. ^GSPC - Volatility Comparison
SonicShares Global Shipping ETF (BOAT) has a higher volatility of 7.60% compared to S&P 500 Index (^GSPC) at 2.93%. This indicates that BOAT's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOAT | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 2.93% | +4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 8.99% | +6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 11.89% | +7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.12% | 16.90% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.12% | 18.06% | +7.06% |
Frequently Asked Questions
BOAT and ^GSPC have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOAT has higher volatility (7.60%) compared to ^GSPC (2.93%). In terms of maximum drawdown, BOAT dropped -33.94% vs ^GSPC's -56.78%.
BOAT currently has the higher Sharpe Ratio (2.50 vs 2.24), 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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