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IYT vs. BOAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYT vs. BOAT

Last updated Jun 4, 2026

IYT (iShares Transportation Average ETF) and BOAT (SonicShares Global Shipping ETF) are both Transportation Equities funds - IYT tracks the Dow Jones Transportation Average Index while BOAT tracks the Solactive Global Shipping Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, IYT returned 14.58%/yr vs 27.56%/yr for BOAT. At a 0.40 correlation, their price movements are largely independent. IYT charges 0.42%/yr vs 0.69%/yr for BOAT.

Performance

IYT vs. BOAT - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IYT achieves a 12.55% return, which is significantly lower than BOAT's 29.73% return.

IYT

1D
-0.50%
1M
7.67%
YTD
12.55%
6M
11.63%
1Y
29.07%
3Y*
14.58%
5Y*
5.54%
10Y*
10.45%

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)

IYT vs. BOAT - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IYT
iShares Transportation Average ETF		12.55%11.48%4.10%24.62%-21.74%12.17%
BOAT
SonicShares Global Shipping ETF		29.73%22.77%5.97%24.53%6.26%23.18%

Correlation

The correlation between IYT and BOAT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Aug 5, 2021

0.40

IYT vs. BOAT - Sectors Allocation Comparison

Sectors
IYT
BOAT

Industrials

83.3%
25.4%

Technology

16.7%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

16.1%

Financial Services

-

4.7%

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Industrials

IYT
83.3%
BOAT
25.4%

Technology

IYT
16.7%
BOAT

-

Basic Materials

IYT

-

BOAT

-

Communication Services

IYT

-

BOAT

-

Consumer Cyclical

IYT

-

BOAT

-

Consumer Defensive

IYT

-

BOAT

-

Energy

IYT

-

BOAT
16.1%

Financial Services

IYT

-

BOAT
4.7%

Healthcare

IYT

-

BOAT

-

Real Estate

IYT

-

BOAT

-

Utilities

IYT

-

BOAT

-

Compare stocks, funds, or ETFs

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iShares Transportation Average ETF

SonicShares Global Shipping ETF

Often compared with IYT:
IYT vs. XTNIYT vs. SPYIYT vs. FTXRIYT vs. QQQIYT vs. XLIIYT vs. UNPIYT vs. WBA
Often compared with BOAT:
BOAT vs. BDRYBOAT vs. SEABOAT vs. MATXBOAT vs. SPYBOAT vs. PPABOAT vs. BWETBOAT vs. VOO

Return for Risk

IYT vs. BOAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYT
IYT Risk / Return Rank: 4343
Overall Rank
IYT Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
IYT Sortino Ratio Rank: 4040
Sortino Ratio Rank
IYT Omega Ratio Rank: 3838
Omega Ratio Rank
IYT Calmar Ratio Rank: 4848
Calmar Ratio Rank
IYT Martin Ratio Rank: 4747
Martin Ratio Rank
BOAT
BOAT Risk / Return Rank: 7373
Overall Rank
BOAT Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
BOAT Sortino Ratio Rank: 7171
Sortino Ratio Rank
BOAT Omega Ratio Rank: 6767
Omega Ratio Rank
BOAT Calmar Ratio Rank: 8080
Calmar Ratio Rank
BOAT Martin Ratio Rank: 7070
Martin Ratio Rank
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.

IYT vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) 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.

IYTBOATDifference
Sharpe ratioReturn per unit of total volatility
1.45
2.50

-1.05

Sortino ratioReturn per unit of downside risk
2.08
3.30

-1.22

Omega ratioGain probability vs. loss probability

1.25

1.41

-0.16

Calmar ratioReturn relative to maximum drawdown

2.42

4.25

-1.84

Martin ratioReturn relative to average drawdown

7.80

13.13

-5.33

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYT vs. BOAT - Sharpe Ratio Comparison

The current IYT Sharpe Ratio is 1.45, which is lower than the BOAT Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of IYT 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.

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Sharpe Ratios by Period

IYTBOATDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.45

2.50

-1.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.93

-0.51

Drawdowns

IYT vs. BOAT - Drawdown Comparison

The maximum IYT drawdown since its inception was -60.39%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for IYT and BOAT.

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Drawdown Indicators

IYTBOATDifference

Max Drawdown

Largest peak-to-trough decline

-60.39%

-33.94%

-26.45%

Max Drawdown (1Y)

Largest decline over 1 year

-12.09%

-11.60%

-0.49%

Max Drawdown (3Y)

Largest decline over 3 years

-26.35%

-33.94%

+7.59%

Max Drawdown (5Y)

Largest decline over 5 years

-29.15%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-41.28%

—

—

Current Drawdown

Current decline from peak

-1.50%

-6.70%

+5.20%

Average Drawdown

Average peak-to-trough decline

-9.32%

-9.70%

+0.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.74%

3.75%

-0.01%

Volatility

IYT vs. BOAT - Volatility Comparison

The current volatility for iShares Transportation Average ETF (IYT) is 5.92%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 7.60%. This indicates that IYT 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.

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Volatility by Period

IYTBOATDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.92%

7.60%

-1.68%

Volatility (6M)

Calculated over the trailing 6-month period

15.44%

15.34%

+0.10%

Volatility (1Y)

Calculated over the trailing 1-year period

20.17%

19.77%

+0.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.29%

25.12%

-2.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.14%

25.12%

-1.98%

IYT vs. BOAT - Expense Ratio Comparison

IYT has a 0.42% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

IYT vs. BOAT - Dividend Comparison

IYT's dividend yield for the trailing twelve months is around 0.96%, less than BOAT's 6.32% yield.

PositionTTM20252024202320222021202020192018201720162015
BOAT
SonicShares Global Shipping ETF		6.32%8.08%13.89%13.65%13.57%1.36%0.00%0.00%0.00%0.00%0.00%0.00%
IYT
iShares Transportation Average ETF		0.96%1.00%1.08%1.26%1.40%0.77%0.93%1.29%1.35%0.92%0.96%1.28%

Frequently Asked Questions

IYT and BOAT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BOAT has higher volatility (7.60%) compared to IYT (5.92%). In terms of maximum drawdown, IYT dropped -60.39% vs BOAT's -33.94%.

On 3-year performance, BOAT leads with 27.56% vs 14.58% for IYT. On fees, IYT is cheaper at 0.42% per year. On volatility, IYT has been the lower-risk option at 5.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, BOAT has performed better with a 27.56% return vs 14.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYT is cheaper with a 0.42% expense ratio, compared with 0.69% for BOAT.

BOAT has the higher dividend yield at 6.32%, compared with 0.96% for IYT.

IYT tracks Dow Jones Transportation Average Index, while BOAT tracks Solactive Global Shipping Index - Benchmark TR Net. They also come from different issuers: iShares and Toroso Investments. Their fees differ too: 0.42% for IYT and 0.69% for BOAT.

BOAT currently has the higher Sharpe Ratio (2.50 vs 1.45), 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.

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