BOAT vs. XVOL

Last updated Apr 1, 2026

Compare and contrast key facts about SonicShares Global Shipping ETF (BOAT) and Acruence Active Hedge U.S. Equity ETF (XVOL).

BOAT and XVOL 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. XVOL is an actively managed fund by Toroso Investments. It was launched on Apr 22, 2021.

Performance

BOAT vs. XVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SonicShares Global Shipping ETF (BOAT) and Acruence Active Hedge U.S. Equity ETF (XVOL). The values are adjusted to include any dividend payments, if applicable.

BOAT vs. XVOL - 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%
XVOL Acruence Active Hedge U.S. Equity ETF	-2.57%	9.52%	20.00%	7.42%	-20.78%	6.67%

Returns By Period

In the year-to-date period, BOAT achieves a 29.88% return, which is significantly higher than XVOL's -2.57% return.

BOAT

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

XVOL

• 1D: 2.15%
• 1M: -7.33%
• YTD: -2.57%
• 6M: -2.90%
• 1Y: 13.65%
• 3Y*: 9.36%
• 5Y*: —
• 10Y*: —

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

BOAT vs. XVOL - Expense Ratio Comparison

BOAT has a 0.69% expense ratio, which is lower than XVOL's 0.83% expense ratio.

XVOL

Acruence Active Hedge U.S. Equity ETF

BOAT

SonicShares Global Shipping ETF

Return for Risk

BOAT vs. XVOL — 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

XVOL

XVOL Risk / Return Rank: 54
XVOL Sharpe Ratio Rank: 52
XVOL Sortino Ratio Rank: 49
XVOL Omega Ratio Rank: 48
XVOL Calmar Ratio Rank: 62
XVOL 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. XVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and Acruence Active Hedge U.S. Equity ETF (XVOL). 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	XVOL	Difference
Sharpe ratio Return per unit of total volatility	2.73	0.92	+1.81
Sortino ratio Return per unit of downside risk	3.40	1.31	+2.09
Omega ratio Gain probability vs. loss probability	1.49	1.18	+0.30
Calmar ratio Return relative to maximum drawdown	4.17	1.54	+2.62
Martin ratio Return relative to average drawdown	16.10	5.95	+10.15
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. XVOL - Sharpe Ratio Comparison

The current BOAT Sharpe Ratio is 2.73, which is higher than the XVOL Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of BOAT and XVOL, 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	XVOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	0.92	+1.81
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.25	+0.72

Correlation

The correlation between BOAT and XVOL is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BOAT vs. XVOL - Dividend Comparison

BOAT's dividend yield for the trailing twelve months is around 6.31%, more than XVOL's 2.01% yield.

	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.31%	8.08%	13.89%	13.65%	13.57%	1.36%
XVOL Acruence Active Hedge U.S. Equity ETF	2.01%	1.95%	3.13%	1.09%	2.86%	0.30%

Drawdowns

BOAT vs. XVOL - Drawdown Comparison

The maximum BOAT drawdown since its inception was -33.94%, which is greater than XVOL's maximum drawdown of -25.82%. Use the drawdown chart below to compare losses from any high point for BOAT and XVOL.

Drawdown Indicators

	BOAT	XVOL	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-25.82%	-8.12%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-9.42%	-6.20%
Current Drawdown Current decline from peak	-4.37%	-7.33%	+2.96%
Average Drawdown Average peak-to-trough decline	-9.94%	-9.74%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	2.44%	+1.60%

Volatility

BOAT vs. XVOL - Volatility Comparison

SonicShares Global Shipping ETF (BOAT) has a higher volatility of 8.91% compared to Acruence Active Hedge U.S. Equity ETF (XVOL) at 4.80%. This indicates that BOAT's price experiences larger fluctuations and is considered to be riskier than XVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOAT	XVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.91%	4.80%	+4.11%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	8.95%	+5.47%
Volatility (1Y) Calculated over the trailing 1-year period	24.61%	14.91%	+9.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.25%	17.50%	+7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	17.50%	+7.75%