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BOAT vs. SCHK

Last updated Jun 3, 2023

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


BOATSCHK
YTD Return1.26%12.20%
1Y Return-16.36%3.78%
5Y Return (Ann)16.69%10.72%
10Y Return (Ann)16.69%11.02%
Sharpe Ratio-0.530.27
Daily Std Dev28.33%21.33%
Max Drawdown-31.09%-34.80%

Correlation

0.54
-1.001.00

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.


-5.00%0.00%5.00%10.00%15.00%20.00%2023FebruaryMarchAprilMayJune
0.35%
7.86%
BOAT
SCHK

Compare stocks, funds, or ETFs


SonicShares Global Shipping ETF

Schwab 1000 Index ETF

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.


TTM202220212020201920182017
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 has a 0.69% expense ratio, which is higher than SCHK's 0.05% expense ratio.

0.05%
0.00%2.15%

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BOAT
SonicShares Global Shipping ETF
-0.53
SCHK
Schwab 1000 Index ETF
0.27

BOAT vs. SCHK - Sharpe Ratio Comparison

The current BOAT Sharpe Ratio is -0.53, which is lower than the SCHK Sharpe Ratio of 0.27. The chart below compares the 12-month rolling Sharpe Ratio of BOAT and SCHK.


-1.00-0.500.000.502023FebruaryMarchAprilMayJune
-0.53
0.27
BOAT
SCHK

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


-20.00%-15.00%-10.00%-5.00%0.00%2023FebruaryMarchAprilMayJune
-16.76%
-10.20%
BOAT
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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%2023FebruaryMarchAprilMayJune
5.75%
3.90%
BOAT
SCHK