BOAT vs. SPY
Compare and contrast key facts about SonicShares Global Shipping ETF (BOAT) and SPDR S&P 500 ETF (SPY).
BOAT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BOAT and SPY 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 SPY.
Correlation
The correlation between BOAT and SPY is 0.44, 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.
Performance
BOAT vs. SPY - Performance Comparison
Key characteristics
BOAT:
-0.19
SPY:
0.70
BOAT:
-0.08
SPY:
1.11
BOAT:
0.99
SPY:
1.17
BOAT:
-0.15
SPY:
0.75
BOAT:
-0.32
SPY:
2.96
BOAT:
16.02%
SPY:
4.74%
BOAT:
26.82%
SPY:
20.05%
BOAT:
-33.94%
SPY:
-55.19%
BOAT:
-20.53%
SPY:
-7.79%
Returns By Period
In the year-to-date period, BOAT achieves a -1.93% return, which is significantly higher than SPY's -3.56% return.
BOAT
-1.93%
17.33%
-8.24%
-7.52%
N/A
N/A
SPY
-3.56%
11.52%
-0.47%
11.62%
16.42%
12.25%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BOAT vs. SPY - Expense Ratio Comparison
BOAT has a 0.69% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BOAT vs. SPY — Risk-Adjusted Performance Rank
BOAT
SPY
BOAT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BOAT vs. SPY - Dividend Comparison
BOAT's dividend yield for the trailing twelve months is around 14.77%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 14.77% | 13.89% | 13.65% | 13.57% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BOAT vs. SPY - Drawdown Comparison
The maximum BOAT drawdown since its inception was -33.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BOAT and SPY. For additional features, visit the drawdowns tool.
Volatility
BOAT vs. SPY - Volatility Comparison
SonicShares Global Shipping ETF (BOAT) and SPDR S&P 500 ETF (SPY) have volatilities of 14.27% and 14.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.