BOAT vs. MATX
BOAT (SonicShares Global Shipping ETF) is Transportation Equities fund tracking the Solactive Global Shipping Index, while MATX (Matson, Inc.) is a stock. Over the past 3 years, BOAT returned 28.86%/yr vs 40.11%/yr for MATX. At a 0.50 correlation, their price movements are largely independent.
Performance
BOAT vs. MATX - Performance Comparison
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Returns By Period
In the year-to-date period, BOAT achieves a 33.54% return, which is significantly lower than MATX's 59.98% return.
BOAT
- 1D
- 1.98%
- 1M
- -0.71%
- YTD
- 33.54%
- 6M
- 34.83%
- 1Y
- 50.17%
- 3Y*
- 28.86%
- 5Y*
- —
- 10Y*
- —
MATX
- 1D
- 2.92%
- 1M
- 8.24%
- YTD
- 59.98%
- 6M
- 60.54%
- 1Y
- 81.08%
- 3Y*
- 40.11%
- 5Y*
- 27.24%
- 10Y*
- 21.65%
BOAT vs. MATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 33.54% | 22.77% | 5.97% | 24.53% | 6.26% | 21.24% |
MATX Matson, Inc. | 59.98% | -7.21% | 24.30% | 78.20% | -29.53% | 28.93% |
Correlation
The correlation between BOAT and MATX is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.50 |
The correlation between BOAT and MATX shifts across timeframes, from 0.44 (3 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BOAT vs. MATX — Risk / Return Rank
BOAT
MATX
BOAT vs. MATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and Matson, Inc. (MATX). 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.
| BOAT | MATX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 3.39 | +0.96 |
| Martin ratioReturn relative to average drawdown | 13.27 | 10.47 | +2.79 |
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Drawdowns
BOAT vs. MATX - Drawdown Comparison
The maximum BOAT drawdown since its inception was -33.94%, smaller than the maximum MATX drawdown of -71.40%. Use the drawdown chart below to compare losses from any high point for BOAT and MATX.
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Drawdown Indicators
| BOAT | MATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -71.40% | +37.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -24.05% | +12.45% |
Max Drawdown (3Y)Largest decline over 3 years | -33.94% | -46.90% | +12.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.63% | — |
Current DrawdownCurrent decline from peak | -3.96% | -2.53% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -33.30% | +23.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 7.77% | -3.98% |
Volatility
BOAT vs. MATX - Volatility Comparison
The current volatility for SonicShares Global Shipping ETF (BOAT) is 6.12%, while Matson, Inc. (MATX) has a volatility of 8.68%. This indicates that BOAT experiences smaller price fluctuations and is considered to be less risky than MATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOAT | MATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 8.68% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 24.96% | -9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.76% | 36.43% | -16.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.06% | 39.76% | -14.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 42.23% | -17.17% |
Dividends
BOAT vs. MATX - Dividend Comparison
BOAT's dividend yield for the trailing twelve months is around 6.14%, more than MATX's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 6.14% | 8.08% | 13.89% | 13.65% | 13.57% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MATX Matson, Inc. | 0.73% | 1.13% | 0.98% | 1.15% | 1.95% | 1.18% | 1.58% | 2.11% | 2.56% | 2.61% | 2.09% | 1.64% |
Frequently Asked Questions
BOAT and MATX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MATX has higher volatility (8.68%) compared to BOAT (6.12%). In terms of maximum drawdown, BOAT dropped -33.94% vs MATX's -71.40%.
BOAT currently has the higher Sharpe Ratio (2.56 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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