BOAT vs. ^GSPC
Compare and contrast key facts about SonicShares Global Shipping ETF (BOAT) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BOAT or ^GSPC.
Key characteristics
| BOAT | ^GSPC | |
|---|---|---|
| YTD Return | 10.16% | 25.45% |
| 1Y Return | 22.39% | 35.64% |
| 3Y Return (Ann) | 16.89% | 8.55% |
| Sharpe Ratio | 0.96 | 2.90 |
| Sortino Ratio | 1.39 | 3.87 |
| Omega Ratio | 1.17 | 1.54 |
| Calmar Ratio | 1.26 | 4.19 |
| Martin Ratio | 2.87 | 18.72 |
| Ulcer Index | 7.76% | 1.90% |
| Daily Std Dev | 23.32% | 12.27% |
| Max Drawdown | -31.09% | -56.78% |
| Current Drawdown | -15.77% | -0.29% |
Correlation
The correlation between BOAT and ^GSPC is 0.45, 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. ^GSPC - Performance Comparison
In the year-to-date period, BOAT achieves a 10.16% return, which is significantly lower than ^GSPC's 25.45% 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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Risk-Adjusted Performance
BOAT vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SonicShares Global Shipping ETF (BOAT) and S&P 500 (^GSPC). 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.
Drawdowns
BOAT vs. ^GSPC - Drawdown Comparison
The maximum BOAT drawdown since its inception was -31.09%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BOAT and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BOAT vs. ^GSPC - Volatility Comparison
SonicShares Global Shipping ETF (BOAT) has a higher volatility of 7.55% compared to S&P 500 (^GSPC) at 3.86%. This indicates that BOAT's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.