IYJ vs. BOAT
IYJ (iShares U.S. Industrials ETF) and BOAT (SonicShares Global Shipping ETF) are both Industrials Equities funds - IYJ tracks the Dow Jones U.S. Industrials Index while BOAT tracks the Solactive Global Shipping Index. Both are passively managed. Over the past 5 years, IYJ returned 9.36%/yr vs 25.20%/yr for BOAT. Their 0.41 correlation means their historical movements had little consistent relationship. IYJ charges 0.38%/yr vs 0.69%/yr for BOAT.
Performance
IYJ vs. BOAT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IYJ achieves a 12.88% return, which is significantly lower than BOAT's 45.07% return.
IYJ
- 1D
- 1.71%
- 1M
- 0.11%
- 6M
- 7.11%
- YTD
- 12.88%
- 1Y
- 17.95%
- 3Y*
- 16.91%
- 5Y*
- 9.36%
- 10Y*
- 12.57%
- ALL TIME*
- 8.09%
BOAT
- 1D
- 0.20%
- 1M
- 13.47%
- 6M
- 27.28%
- YTD
- 45.07%
- 1Y
- 59.66%
- 3Y*
- 26.95%
- 5Y*
- 25.20%
- 10Y*
- —
- ALL TIME*
- 24.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.08M | $1.06M | |
| $23.95M | $14.74M | $15.31M |
IYJ vs. BOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IYJ iShares U.S. Industrials ETF | 12.88% | 11.94% | 17.82% | 19.94% | -13.53% | 0.29% |
BOAT SonicShares Global Shipping ETF | 45.07% | 22.77% | 5.97% | 24.53% | 6.26% | 21.24% |
Correlation
The correlation between IYJ and BOAT is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.41 |
The correlation between IYJ and BOAT shifts across timeframes, from 0.29 (3 years) to 0.41 (all time), reflecting how their relationship changes across market environments.
IYJ vs. BOAT - Sectors Allocation Comparison
Sectors
IYJ
BOAT
Industrials
Financial Services
Technology
-
Basic Materials
-
Utilities
-
Consumer Cyclical
-
Healthcare
-
Consumer Defensive
-
Communication Services
-
-
Energy
-
Real Estate
-
-
Industrials
IYJ
BOAT
Financial Services
IYJ
BOAT
Technology
IYJ
BOAT
-
Basic Materials
IYJ
BOAT
-
Utilities
IYJ
BOAT
-
Consumer Cyclical
IYJ
BOAT
-
Healthcare
IYJ
BOAT
-
Consumer Defensive
IYJ
BOAT
-
Communication Services
IYJ
-
BOAT
-
Energy
IYJ
-
BOAT
Real Estate
IYJ
-
BOAT
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IYJ vs. BOAT — Risk / Return Rank
IYJ
BOAT
IYJ vs. BOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Industrials ETF (IYJ) 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.
| IYJ | BOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 5.17 | -3.58 |
| Martin ratioReturn relative to average drawdown | 5.80 | 14.58 | -8.79 |
Loading charts...
Drawdowns
IYJ vs. BOAT - Drawdown Comparison
The maximum IYJ drawdown since its inception was -61.97%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for IYJ and BOAT.
Loading charts...
Drawdown Indicators
| IYJ | BOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.97% | -33.94% | -28.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -11.60% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.67% | -33.94% | +14.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -33.94% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.54% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -9.51% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 4.10% | -1.00% |
Volatility
IYJ vs. BOAT - Volatility Comparison
The current volatility for iShares U.S. Industrials ETF (IYJ) is 4.71%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 6.64%. This indicates that IYJ experiences smaller price fluctuations and is considered to be less risky than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IYJ | BOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 6.64% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 16.86% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 20.72% | -4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 25.06% | -6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 25.06% | -5.16% |
IYJ vs. BOAT - Expense Ratio Comparison
IYJ has a 0.38% expense ratio, which is lower than BOAT's 0.69% expense ratio.
Dividends
IYJ vs. BOAT - Dividend Comparison
IYJ's dividend yield for the trailing twelve months is around 0.70%, less than BOAT's 6.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 6.34% | 8.08% | 13.89% | 13.65% | 13.57% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYJ iShares U.S. Industrials ETF | 0.70% | 0.83% | 0.88% | 1.05% | 1.05% | 0.76% | 1.01% | 1.32% | 1.43% | 1.29% | 1.38% | 1.53% |
Frequently Asked Questions
IYJ and BOAT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOAT has higher volatility (6.64%) compared to IYJ (4.71%). In terms of maximum drawdown, IYJ dropped -61.97% vs BOAT's -33.94%.
On 5-year performance, BOAT leads with 25.20% vs 9.36% for IYJ. On fees, IYJ is cheaper at 0.38% per year. On volatility, IYJ has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BOAT has performed better with a 25.20% return vs 9.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYJ is cheaper with a 0.38% expense ratio, compared with 0.69% for BOAT.
BOAT has the higher dividend yield at 6.34%, compared with 0.70% for IYJ.
IYJ tracks Dow Jones U.S. Industrials Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: iShares and Tidal. Their fees differ too: 0.38% for IYJ and 0.69% for BOAT.
BOAT currently has the higher Sharpe Ratio (2.90 vs 1.13), 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.
Find the right allocation for IYJ and BOAT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer