BOAT vs. MATX

Last updated Apr 1, 2026

Compare and contrast key facts about SonicShares Global Shipping ETF (BOAT) and Matson, Inc. (MATX).

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.

Performance

BOAT vs. MATX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SonicShares Global Shipping ETF (BOAT) and Matson, Inc. (MATX). The values are adjusted to include any dividend payments, if applicable.

BOAT vs. MATX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	29.88%	22.77%	5.97%	24.53%	6.26%	23.18%
MATX Matson, Inc.	32.99%	-7.21%	24.30%	78.20%	-29.53%	28.89%

Returns By Period

In the year-to-date period, BOAT achieves a 29.88% return, which is significantly lower than MATX's 32.99% return.

BOAT

• 1D: 2.65%
• 1M: -2.18%
• YTD: 29.88%
• 6M: 35.58%
• 1Y: 66.85%
• 3Y*: 23.86%
• 5Y*: —
• 10Y*: —

MATX

• 1D: 4.18%
• 1M: -1.32%
• YTD: 32.99%
• 6M: 67.20%
• 1Y: 29.49%
• 3Y*: 41.79%
• 5Y*: 21.10%
• 10Y*: 17.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BOAT vs. MATX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOAT

BOAT Risk / Return Rank: 96
BOAT Sharpe Ratio Rank: 97
BOAT Sortino Ratio Rank: 97
BOAT Omega Ratio Rank: 96
BOAT Calmar Ratio Rank: 96
BOAT Martin Ratio Rank: 96

MATX

MATX Risk / Return Rank: 62
MATX Sharpe Ratio Rank: 65
MATX Sortino Ratio Rank: 61
MATX Omega Ratio Rank: 62
MATX Calmar Ratio Rank: 63
MATX Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	BOAT	MATX	Difference
Sharpe ratio Return per unit of total volatility	2.73	0.64	+2.09
Sortino ratio Return per unit of downside risk	3.40	1.19	+2.21
Omega ratio Gain probability vs. loss probability	1.49	1.17	+0.32
Calmar ratio Return relative to maximum drawdown	4.17	0.93	+3.24
Martin ratio Return relative to average drawdown	16.10	1.84	+14.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOAT vs. MATX - Sharpe Ratio Comparison

The current BOAT Sharpe Ratio is 2.73, which is higher than the MATX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of BOAT and MATX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BOAT	MATX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	0.64	+2.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.24	+0.72

Correlation

The correlation between BOAT and MATX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BOAT vs. MATX - Dividend Comparison

BOAT's dividend yield for the trailing twelve months is around 6.31%, more than MATX's 0.87% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOAT SonicShares Global Shipping ETF	6.31%	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.	0.87%	1.13%	0.98%	1.15%	1.95%	1.18%	1.58%	2.11%	2.56%	2.61%	2.09%	1.64%

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.

Drawdown Indicators

	BOAT	MATX	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-71.40%	+37.46%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-32.95%	+17.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-53.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-53.63%	—
Current Drawdown Current decline from peak	-4.37%	-4.26%	-0.11%
Average Drawdown Average peak-to-trough decline	-9.94%	-33.43%	+23.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	16.68%	-12.64%

Volatility

BOAT vs. MATX - Volatility Comparison

The current volatility for SonicShares Global Shipping ETF (BOAT) is 8.91%, while Matson, Inc. (MATX) has a volatility of 11.07%. 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.

Volatility by Period

	BOAT	MATX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.91%	11.07%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	27.25%	-12.83%
Volatility (1Y) Calculated over the trailing 1-year period	24.61%	46.20%	-21.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.25%	39.71%	-14.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	42.32%	-17.07%