BOAT vs. QYLD

Last updated Jun 4, 2026

BOAT (SonicShares Global Shipping ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - BOAT is a Transportation Equities fund tracking the Solactive Global Shipping Index - Benchmark TR Net, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 3 years, BOAT returned 27.56%/yr vs 13.80%/yr for QYLD. At a 0.38 correlation, their price movements are largely independent. BOAT charges 0.69%/yr vs 0.60%/yr for QYLD.

Performance

BOAT vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SonicShares Global Shipping ETF (BOAT) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOAT achieves a 29.73% return, which is significantly higher than QYLD's 7.88% return.

BOAT

• 1D: -0.83%
• 1M: -2.43%
• YTD: 29.73%
• 6M: 28.77%
• 1Y: 49.09%
• 3Y*: 27.56%
• 5Y*: —
• 10Y*: —

QYLD

• 1D: -0.06%
• 1M: 1.62%
• YTD: 7.88%
• 6M: 9.97%
• 1Y: 23.93%
• 3Y*: 13.80%
• 5Y*: 8.43%
• 10Y*: 9.80%

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

BOAT vs. QYLD - 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%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	9.28%	19.35%	22.77%	-19.08%	3.98%

Correlation

The correlation between BOAT and QYLD 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	0.28
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021	0.38

The correlation between BOAT and QYLD shifts across timeframes, from 0.28 (3 years) to 0.38 (all time), reflecting how their relationship changes across market environments.

BOAT vs. QYLD - Sectors Allocation Comparison

Sectors	BOAT	QYLD
Industrials	25.4%	2.8%
Energy	16.1%	0.6%
Financial Services	4.7%	0.2%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Healthcare	-	4.2%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

BOAT vs. QYLD — Risk / Return Rank

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

BOAT

BOAT Risk / Return Rank: 73
BOAT Sharpe Ratio Rank: 75
BOAT Sortino Ratio Rank: 71
BOAT Omega Ratio Rank: 67
BOAT Calmar Ratio Rank: 80
BOAT Martin Ratio Rank: 70

QYLD

QYLD Risk / Return Rank: 88
QYLD Sharpe Ratio Rank: 84
QYLD Sortino Ratio Rank: 85
QYLD Omega Ratio Rank: 92
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

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. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.80	-0.30
Sortino ratio: Return per unit of downside risk	3.30	3.92	-0.62
Omega ratio: Gain probability vs. loss probability	1.41	1.63	-0.22
Calmar ratio: Return relative to maximum drawdown	4.25	4.84	-0.59
Martin ratio: Return relative to average drawdown	13.13	28.36	-15.23
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. QYLD - Sharpe Ratio Comparison

The current BOAT Sharpe Ratio is 2.50, which is comparable to the QYLD Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of BOAT and QYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BOAT	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.80	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.59	+0.34

Drawdowns

BOAT vs. QYLD - Drawdown Comparison

The maximum BOAT drawdown since its inception was -33.94%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for BOAT and QYLD.

Drawdown Indicators

	BOAT	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-24.75%	-9.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.60%	-4.97%	-6.63%
Max Drawdown (3Y) Largest decline over 3 years	-33.94%	-19.06%	-14.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.75%	—
Current Drawdown Current decline from peak	-6.70%	-0.06%	-6.64%
Average Drawdown Average peak-to-trough decline	-9.70%	-3.84%	-5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	0.85%	+2.90%

Volatility

BOAT vs. QYLD - Volatility Comparison

SonicShares Global Shipping ETF (BOAT) has a higher volatility of 7.60% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.85%. This indicates that BOAT's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOAT	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	1.85%	+5.75%
Volatility (6M) Calculated over the trailing 6-month period	15.34%	7.12%	+8.22%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	8.58%	+11.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.12%	14.70%	+10.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.12%	15.49%	+9.63%

BOAT vs. QYLD - Expense Ratio Comparison

BOAT has a 0.69% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

BOAT vs. QYLD - Dividend Comparison

BOAT's dividend yield for the trailing twelve months is around 6.32%, less than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOAT SonicShares Global Shipping ETF	6.32%	8.08%	13.89%	13.65%	13.57%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QYLD Global X NASDAQ 100 Covered Call ETF	11.46%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%

Frequently Asked Questions

Can I hold both BOAT and QYLD in my portfolio?

BOAT and QYLD 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.

Which is riskier, BOAT or QYLD?

BOAT has higher volatility (7.60%) compared to QYLD (1.85%). In terms of maximum drawdown, BOAT dropped -33.94% vs QYLD's -24.75%.

Which ETF is better, BOAT or QYLD?

On 3-year performance, BOAT leads with 27.56% vs 13.80% for QYLD. On fees, QYLD is cheaper at 0.60% per year. On volatility, QYLD has been the lower-risk option at 1.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOAT or QYLD?

Over the 3-year period, BOAT has performed better with a 27.56% return vs 13.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOAT or QYLD?

QYLD is cheaper with a 0.60% expense ratio, compared with 0.69% for BOAT.

Which ETF pays a higher dividend yield, BOAT or QYLD?

QYLD has the higher dividend yield at 11.46%, compared with 6.32% for BOAT.

What is the main difference between BOAT and QYLD?

BOAT is categorized as Transportation Equities, while QYLD is Nasdaq-100. BOAT tracks Solactive Global Shipping Index - Benchmark TR Net, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: Toroso Investments and Global X. Their fees differ too: 0.69% for BOAT and 0.60% for QYLD.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.80 vs 2.50), 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.