HVAC vs. BOAT

Last updated Aug 2, 2026

HVAC (AdvisorShares HVAC and Industrials ETF) and BOAT (SonicShares Global Shipping ETF) are both Industrials Equities funds. HVAC is actively managed, while BOAT is passively managed. Over the past year, HVAC returned 16.45% vs 59.34% for BOAT. Their 0.32 correlation means their historical movements had little consistent relationship. HVAC charges 1.00%/yr vs 0.69%/yr for BOAT.

Performance

HVAC vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares HVAC and Industrials ETF (HVAC) and SonicShares Global Shipping ETF (BOAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HVAC achieves a 13.64% return, which is significantly lower than BOAT's 44.78% return.

HVAC

• 1D: 1.41%
• 1M: -8.00%
• 6M: 2.87%
• YTD: 13.64%
• 1Y: 16.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.42%

BOAT

• 1D: -0.74%
• 1M: 13.24%
• 6M: 27.61%
• YTD: 44.78%
• 1Y: 59.34%
• 3Y*: 27.06%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOAT SonicShares Global Shipping ETF	$1.27M	$891.42K	$991.19K
HVAC AdvisorShares HVAC and Industrials ETF	$307.98K	$326.35K	$430.75K

HVAC vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025
HVAC AdvisorShares HVAC and Industrials ETF	13.64%	23.15%
BOAT SonicShares Global Shipping ETF	44.78%	26.35%

Correlation

The correlation between HVAC and BOAT is 0.27, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.27
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	0.32

HVAC vs. BOAT - Sectors Allocation Comparison

Sectors	HVAC	BOAT
Industrials	75.1%	29.2%
Technology	19.2%	-
Utilities	5.0%	-
Consumer Cyclical	3.2%	-
Real Estate	2.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	10.3%
Financial Services	-	6.6%
Healthcare	-	-

Return for Risk

HVAC vs. BOAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HVAC

HVAC Risk / Return Rank: 23
HVAC Sharpe Ratio Rank: 22
HVAC Sortino Ratio Rank: 22
HVAC Omega Ratio Rank: 23
HVAC Calmar Ratio Rank: 22
HVAC Martin Ratio Rank: 28

BOAT

BOAT Risk / Return Rank: 93
BOAT Sharpe Ratio Rank: 96
BOAT Sortino Ratio Rank: 94
BOAT Omega Ratio Rank: 92
BOAT Calmar Ratio Rank: 95
BOAT Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HVAC vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares HVAC and Industrials ETF (HVAC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HVAC	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	0.46	2.85	-2.38
Sortino ratio: Return per unit of downside risk	0.83	3.70	-2.87
Omega ratio: Gain probability vs. loss probability	1.11	1.46	-0.35
Calmar ratio: Return relative to maximum drawdown	0.63	5.08	-4.45
Martin ratio: Return relative to average drawdown	2.46	14.33	-11.87

HVAC vs. BOAT - Sharpe Ratio Comparison

The current HVAC Sharpe Ratio is 0.46, which is lower than the BOAT Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of HVAC 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.

Drawdowns

HVAC vs. BOAT - Drawdown Comparison

The maximum HVAC drawdown since its inception was -24.72%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for HVAC and BOAT.

Drawdown Indicators

	HVAC	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-24.72%	-33.94%	+9.22%
Max Drawdown (1Y) Largest decline over 1 year	-24.72%	-11.60%	-13.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.94%	—
Current Drawdown Current decline from peak	-18.56%	-0.74%	-17.82%
Average Drawdown Average peak-to-trough decline	-4.62%	-9.51%	+4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.31%	4.10%	+2.21%

Volatility

HVAC vs. BOAT - Volatility Comparison

AdvisorShares HVAC and Industrials ETF (HVAC) has a higher volatility of 13.93% compared to SonicShares Global Shipping ETF (BOAT) at 7.09%. This indicates that HVAC'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

	HVAC	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.93%	7.09%	+6.84%
Volatility (6M) Calculated over the trailing 6-month period	29.17%	16.87%	+12.30%
Volatility (1Y) Calculated over the trailing 1-year period	33.51%	20.73%	+12.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.38%	25.07%	+7.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.38%	25.07%	+7.31%

HVAC vs. BOAT - Expense Ratio Comparison

HVAC has a 1.00% expense ratio, which is higher than BOAT's 0.69% expense ratio.

Dividends

HVAC vs. BOAT - Dividend Comparison

HVAC's dividend yield for the trailing twelve months is around 0.17%, less than BOAT's 6.35% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.35%	8.08%	13.89%	13.65%	13.57%	1.36%
HVAC AdvisorShares HVAC and Industrials ETF	0.17%	0.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HVAC and BOAT in my portfolio?

HVAC 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, HVAC or BOAT?

HVAC has higher volatility (13.93%) compared to BOAT (7.09%). In terms of maximum drawdown, HVAC dropped -24.72% vs BOAT's -33.94%.

Which ETF is better, HVAC or BOAT?

On 1-year performance, BOAT leads with 59.34% vs 16.45% for HVAC. On fees, BOAT is cheaper at 0.69% per year. On volatility, BOAT has been the lower-risk option at 7.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HVAC or BOAT?

Over the 1-year period, BOAT has performed better with a 59.34% return vs 16.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HVAC or BOAT?

BOAT is cheaper with a 0.69% expense ratio, compared with 1.00% for HVAC.

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

BOAT has the higher dividend yield at 6.35%, compared with 0.17% for HVAC.

What is the main difference between HVAC and BOAT?

They also come from different issuers: AdvisorShares and Tidal. Their fees differ too: 1.00% for HVAC and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.85 vs 0.46), 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.