BOAT vs. SCHK
Compare and contrast key facts about SonicShares Global Shipping ETF (BOAT) and Schwab 1000 Index ETF (SCHK).
BOAT and SCHK 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. SCHK is a passively managed fund by Charles Schwab that tracks the performance of the Schwab 1000 Index. It was launched on Oct 11, 2017. Both BOAT and SCHK 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 SCHK.
Key characteristics
| BOAT | SCHK | |
|---|---|---|
| YTD Return | 1.26% | 12.20% |
| 1Y Return | -16.36% | 3.78% |
| 5Y Return (Ann) | 16.69% | 10.72% |
| 10Y Return (Ann) | 16.69% | 11.02% |
| Sharpe Ratio | -0.53 | 0.27 |
| Daily Std Dev | 28.33% | 21.33% |
| Max Drawdown | -31.09% | -34.80% |
Correlation
The correlation between BOAT and SCHK is 0.54, 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.
BOAT vs. SCHK - Performance Comparison
In the year-to-date period, BOAT achieves a 1.26% return, which is significantly lower than SCHK's 12.20% return. Over the past 10 years, BOAT has outperformed SCHK with an annualized return of 16.69%, while SCHK has yielded a comparatively lower 11.02% annualized 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. SCHK - Dividend Comparison
BOAT's dividend yield for the trailing twelve months is around 14.77%, more than SCHK's 1.75% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 14.77% | 13.72% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHK Schwab 1000 Index ETF | 1.75% | 1.58% | 1.19% | 1.63% | 1.92% | 1.95% | 0.34% |
BOAT vs. SCHK - Expense Ratio Comparison
BOAT vs. SCHK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and Schwab 1000 Index ETF (SCHK). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | -0.53 | ||||
SCHK Schwab 1000 Index ETF | 0.27 |
BOAT vs. SCHK - Drawdown Comparison
The maximum BOAT drawdown for the period was -22.29%, roughly equal to the maximum SCHK drawdown of -21.22%. The drawdown chart below compares losses from any high point along the way for BOAT and SCHK
BOAT vs. SCHK - Volatility Comparison
SonicShares Global Shipping ETF (BOAT) has a higher volatility of 5.75% compared to Schwab 1000 Index ETF (SCHK) at 3.90%. This indicates that BOAT's price experiences larger fluctuations and is considered to be riskier than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.