FDRV vs. BOAT

Last updated Jun 4, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and BOAT (SonicShares Global Shipping ETF) are both Transportation Equities funds. FDRV is actively managed, while BOAT is passively managed. Over the past 3 years, FDRV returned 7.13%/yr vs 27.56%/yr for BOAT. At a 0.44 correlation, their price movements are largely independent. FDRV charges 0.39%/yr vs 0.69%/yr for BOAT.

Performance

FDRV vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and SonicShares Global Shipping ETF (BOAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FDRV having a 30.92% return and BOAT slightly lower at 29.73%.

FDRV

• 1D: -0.86%
• 1M: 11.72%
• YTD: 30.92%
• 6M: 29.26%
• 1Y: 53.50%
• 3Y*: 7.13%
• 5Y*: —
• 10Y*: —

BOAT

• 1D: -0.83%
• 1M: -2.43%
• YTD: 29.73%
• 6M: 28.77%
• 1Y: 49.09%
• 3Y*: 27.56%
• 5Y*: —
• 10Y*: —

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

FDRV vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDRV Fidelity Electric Vehicles and Future Transportation ETF	30.92%	24.32%	-21.73%	12.27%	-44.23%	7.00%
BOAT SonicShares Global Shipping ETF	29.73%	22.77%	5.97%	24.53%	6.26%	9.50%

Correlation

The correlation between FDRV and BOAT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.44

The correlation between FDRV and BOAT shifts across timeframes, from 0.27 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

FDRV vs. BOAT - Sectors Allocation Comparison

Sectors	FDRV	BOAT
Consumer Cyclical	42.8%	-
Technology	40.7%	-
Industrials	12.3%	25.4%
Basic Materials	4.3%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	16.1%
Financial Services	-	4.7%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FDRV vs. BOAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDRV

FDRV Risk / Return Rank: 62
FDRV Sharpe Ratio Rank: 65
FDRV Sortino Ratio Rank: 60
FDRV Omega Ratio Rank: 58
FDRV Calmar Ratio Rank: 69
FDRV Martin Ratio Rank: 60

BOAT

BOAT Risk / Return Rank: 73
BOAT Sharpe Ratio Rank: 75
BOAT Sortino Ratio Rank: 71
BOAT Omega Ratio Rank: 67
BOAT Calmar Ratio Rank: 80
BOAT Martin Ratio Rank: 70

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.

FDRV vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and SonicShares Global Shipping ETF (BOAT). 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.

	FDRV	BOAT	Difference
Sharpe ratio Return per unit of total volatility	2.15	2.50	-0.35
Sortino ratio Return per unit of downside risk	2.83	3.30	-0.47
Omega ratio Gain probability vs. loss probability	1.36	1.41	-0.06
Calmar ratio Return relative to maximum drawdown	3.44	4.25	-0.81
Martin ratio Return relative to average drawdown	10.66	13.13	-2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDRV vs. BOAT - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 2.15, which is comparable to the BOAT Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FDRV and BOAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDRV	BOAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.50	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.93	-1.04

Drawdowns

FDRV vs. BOAT - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FDRV and BOAT.

Drawdown Indicators

	FDRV	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-33.94%	-29.95%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-11.60%	-4.02%
Max Drawdown (3Y) Largest decline over 3 years	-48.45%	-33.94%	-14.51%
Current Drawdown Current decline from peak	-27.57%	-6.70%	-20.87%
Average Drawdown Average peak-to-trough decline	-42.35%	-9.70%	-32.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	3.75%	+1.28%

Volatility

FDRV vs. BOAT - Volatility Comparison

Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 9.01% compared to SonicShares Global Shipping ETF (BOAT) at 7.60%. This indicates that FDRV's price experiences larger fluctuations and is considered to be riskier than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDRV	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	7.60%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	15.34%	+3.15%
Volatility (1Y) Calculated over the trailing 1-year period	25.09%	19.77%	+5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.03%	25.12%	+6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.03%	25.12%	+6.91%

FDRV vs. BOAT - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

FDRV vs. BOAT - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.02%, less than BOAT's 6.32% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.32%	8.08%	13.89%	13.65%	13.57%	1.36%
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.02%	1.14%	0.43%	0.24%	0.33%	0.04%

Frequently Asked Questions

Can I hold both FDRV and BOAT in my portfolio?

FDRV and BOAT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDRV or BOAT?

FDRV has higher volatility (9.01%) compared to BOAT (7.60%). In terms of maximum drawdown, FDRV dropped -63.89% vs BOAT's -33.94%.

Which ETF is better, FDRV or BOAT?

On 3-year performance, BOAT leads with 27.56% vs 7.13% for FDRV. On fees, FDRV is cheaper at 0.39% per year. On volatility, BOAT has been the lower-risk option at 7.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRV or BOAT?

Over the 3-year period, BOAT has performed better with a 27.56% return vs 7.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or BOAT?

FDRV is cheaper with a 0.39% expense ratio, compared with 0.69% for BOAT.

Which ETF pays a higher dividend yield, FDRV or BOAT?

BOAT has the higher dividend yield at 6.32%, compared with 1.02% for FDRV.

What is the main difference between FDRV and BOAT?

They also come from different issuers: Fidelity and Toroso Investments. Their fees differ too: 0.39% for FDRV and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.50 vs 2.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.