BOAT vs. BDRY
Compare and contrast key facts about SonicShares Global Shipping ETF (BOAT) and Breakwave Dry Bulk Shipping ETF (BDRY).
BOAT and BDRY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both BOAT and BDRY 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: BOAT or BDRY.
Key characteristics
| BOAT | BDRY | |
|---|---|---|
| YTD Return | 10.16% | -28.20% |
| 1Y Return | 22.39% | 39.50% |
| 3Y Return (Ann) | 16.89% | -28.51% |
| Sharpe Ratio | 0.96 | 0.78 |
| Sortino Ratio | 1.39 | 1.44 |
| Omega Ratio | 1.17 | 1.17 |
| Calmar Ratio | 1.26 | 0.53 |
| Martin Ratio | 2.87 | 1.62 |
| Ulcer Index | 7.76% | 28.20% |
| Daily Std Dev | 23.32% | 58.48% |
| Max Drawdown | -31.09% | -89.16% |
| Current Drawdown | -15.77% | -80.00% |
Correlation
The correlation between BOAT and BDRY 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
BOAT vs. BDRY - Performance Comparison
In the year-to-date period, BOAT achieves a 10.16% return, which is significantly higher than BDRY's -28.20% 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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BOAT vs. BDRY - Expense Ratio Comparison
BOAT has a 0.69% expense ratio, which is lower than BDRY's 3.76% expense ratio.
Risk-Adjusted Performance
BOAT vs. BDRY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and Breakwave Dry Bulk Shipping ETF (BDRY). 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
BOAT vs. BDRY - Dividend Comparison
BOAT's dividend yield for the trailing twelve months is around 7.00%, while BDRY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 7.00% | 13.65% | 13.57% | 1.36% |
BDRY Breakwave Dry Bulk Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BOAT vs. BDRY - Drawdown Comparison
The maximum BOAT drawdown since its inception was -31.09%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for BOAT and BDRY. For additional features, visit the drawdowns tool.
Volatility
BOAT vs. BDRY - Volatility Comparison
The current volatility for SonicShares Global Shipping ETF (BOAT) is 7.55%, while Breakwave Dry Bulk Shipping ETF (BDRY) has a volatility of 15.16%. This indicates that BOAT experiences smaller price fluctuations and is considered to be less risky than BDRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.