BOAT vs. HAFN
BOAT (SonicShares Global Shipping ETF) is Transportation Equities fund tracking the Solactive Global Shipping Index - Benchmark TR Net, while HAFN (Hafnia Limited) is a stock. Over the past year, BOAT returned 49.09% vs 65.87% for HAFN. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
BOAT vs. HAFN - Performance Comparison
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Returns By Period
In the year-to-date period, BOAT achieves a 29.73% return, which is significantly lower than HAFN's 48.52% return.
BOAT
- 1D
- -0.83%
- 1M
- -2.43%
- YTD
- 29.73%
- 6M
- 28.77%
- 1Y
- 49.09%
- 3Y*
- 27.56%
- 5Y*
- —
- 10Y*
- —
HAFN
- 1D
- -0.77%
- 1M
- -14.21%
- YTD
- 48.52%
- 6M
- 36.21%
- 1Y
- 65.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BOAT vs. HAFN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 29.73% | 22.77% | 4.17% |
HAFN Hafnia Limited | 48.52% | 2.71% | -12.52% |
Correlation
The correlation between BOAT and HAFN is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | 0.65 |
The correlation between BOAT and HAFN has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.
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Return for Risk
BOAT vs. HAFN — Risk / Return Rank
BOAT
HAFN
BOAT vs. HAFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and Hafnia Limited (HAFN). 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 | HAFN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 3.46 | +0.79 |
| Martin ratioReturn relative to average drawdown | 13.13 | 8.70 | +4.43 |
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 | HAFN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 1.91 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.38 | +0.55 |
Drawdowns
BOAT vs. HAFN - Drawdown Comparison
The maximum BOAT drawdown since its inception was -33.94%, smaller than the maximum HAFN drawdown of -53.75%. Use the drawdown chart below to compare losses from any high point for BOAT and HAFN.
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Drawdown Indicators
| BOAT | HAFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -53.75% | +19.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -19.13% | +7.53% |
Max Drawdown (3Y)Largest decline over 3 years | -33.94% | — | — |
Current DrawdownCurrent decline from peak | -6.70% | -18.29% | +11.59% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -21.20% | +11.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 7.59% | -3.84% |
Volatility
BOAT vs. HAFN - Volatility Comparison
The current volatility for SonicShares Global Shipping ETF (BOAT) is 7.60%, while Hafnia Limited (HAFN) has a volatility of 11.74%. This indicates that BOAT experiences smaller price fluctuations and is considered to be less risky than HAFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOAT | HAFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 11.74% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 24.56% | -9.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 34.77% | -15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.12% | 38.18% | -13.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.12% | 38.18% | -13.06% |
Dividends
BOAT vs. HAFN - Dividend Comparison
BOAT's dividend yield for the trailing twelve months is around 6.32%, more than HAFN's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 6.32% | 8.08% | 13.89% | 13.65% | 13.57% | 1.36% |
HAFN Hafnia Limited | 5.75% | 7.48% | 20.25% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BOAT and HAFN have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAFN has higher volatility (11.74%) compared to BOAT (7.60%). In terms of maximum drawdown, BOAT dropped -33.94% vs HAFN's -53.75%.
BOAT currently has the higher Sharpe Ratio (2.50 vs 1.91), 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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