JSTC vs. BOAT

Last updated Jun 23, 2026

JSTC (Adasina Social Justice All Cap Global ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - JSTC is a Global Equities fund actively managed by Toroso Investments, while BOAT is a Transportation Equities fund tracking the Solactive Global Shipping Index. JSTC is actively managed, while BOAT is passively managed. Over the past 3 years, JSTC returned 14.57%/yr vs 28.86%/yr for BOAT. At a 0.45 correlation, their price movements are largely independent. JSTC charges 0.89%/yr vs 0.69%/yr for BOAT.

Performance

JSTC vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adasina Social Justice All Cap Global ETF (JSTC) 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, JSTC achieves a 12.25% return, which is significantly lower than BOAT's 33.54% return.

JSTC

• 1D: 0.27%
• 1M: 3.01%
• YTD: 12.25%
• 6M: 11.96%
• 1Y: 20.39%
• 3Y*: 14.57%
• 5Y*: 6.88%
• 10Y*: —

BOAT

• 1D: 1.98%
• 1M: -0.71%
• YTD: 33.54%
• 6M: 34.83%
• 1Y: 50.17%
• 3Y*: 28.86%
• 5Y*: —
• 10Y*: —

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

JSTC vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JSTC Adasina Social Justice All Cap Global ETF	12.25%	12.02%	8.96%	15.67%	-17.58%	4.39%
BOAT SonicShares Global Shipping ETF	33.54%	22.77%	5.97%	24.53%	6.26%	21.24%

Correlation

The correlation between JSTC and BOAT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021	0.45

The correlation between JSTC and BOAT shifts across timeframes, from 0.34 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.

JSTC vs. BOAT - Sectors Allocation Comparison

Sectors	JSTC	BOAT
Technology	35.4%	-
Financial Services	22.2%	4.7%
Industrials	15.1%	25.4%
Healthcare	9.2%	-
Communication Services	8.1%	-
Consumer Cyclical	4.4%	-
Consumer Defensive	2.7%	-
Utilities	1.6%	-
Basic Materials	0.9%	-
Real Estate	0.4%	-
Energy	0.0%	16.1%

Return for Risk

JSTC vs. BOAT — Risk / Return Rank

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

JSTC

JSTC Risk / Return Rank: 44
JSTC Sharpe Ratio Rank: 44
JSTC Sortino Ratio Rank: 44
JSTC Omega Ratio Rank: 41
JSTC Calmar Ratio Rank: 42
JSTC Martin Ratio Rank: 51

BOAT

BOAT Risk / Return Rank: 79
BOAT Sharpe Ratio Rank: 83
BOAT Sortino Ratio Rank: 79
BOAT Omega Ratio Rank: 75
BOAT Calmar Ratio Rank: 84
BOAT Martin Ratio Rank: 73

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.

JSTC vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adasina Social Justice All Cap Global ETF (JSTC) 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.

	JSTC	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.56	-1.07
Sortino ratio: Return per unit of downside risk	2.14	3.35	-1.22
Omega ratio: Gain probability vs. loss probability	1.26	1.42	-0.16
Calmar ratio: Return relative to maximum drawdown	2.06	4.35	-2.28
Martin ratio: Return relative to average drawdown	8.35	13.27	-4.92

JSTC vs. BOAT - Sharpe Ratio Comparison

The current JSTC Sharpe Ratio is 1.48, which is lower than the BOAT Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of JSTC 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

JSTC vs. BOAT - Drawdown Comparison

The maximum JSTC drawdown since its inception was -26.82%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for JSTC and BOAT.

Drawdown Indicators

	JSTC	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-33.94%	+7.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-11.60%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-16.72%	-33.94%	+17.22%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	—	—
Current Drawdown Current decline from peak	-0.26%	-3.96%	+3.70%
Average Drawdown Average peak-to-trough decline	-6.54%	-9.65%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	3.79%	-1.34%

Volatility

JSTC vs. BOAT - Volatility Comparison

The current volatility for Adasina Social Justice All Cap Global ETF (JSTC) is 4.78%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 6.12%. This indicates that JSTC 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.

Volatility by Period

	JSTC	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	6.12%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	11.37%	15.68%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	19.76%	-5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	25.06%	-9.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	25.06%	-9.27%

JSTC vs. BOAT - Expense Ratio Comparison

JSTC has a 0.89% expense ratio, which is higher than BOAT's 0.69% expense ratio.

Dividends

JSTC vs. BOAT - Dividend Comparison

JSTC's dividend yield for the trailing twelve months is around 1.20%, less than BOAT's 6.14% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.14%	8.08%	13.89%	13.65%	13.57%	1.36%
JSTC Adasina Social Justice All Cap Global ETF	1.20%	1.34%	1.11%	1.03%	0.83%	0.96%

Frequently Asked Questions

Can I hold both JSTC and BOAT in my portfolio?

JSTC and BOAT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JSTC or BOAT?

BOAT has higher volatility (6.12%) compared to JSTC (4.78%). In terms of maximum drawdown, JSTC dropped -26.82% vs BOAT's -33.94%.

Which ETF is better, JSTC or BOAT?

On 3-year performance, BOAT leads with 28.86% vs 14.57% for JSTC. On fees, BOAT is cheaper at 0.69% per year. On volatility, JSTC has been the lower-risk option at 4.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JSTC or BOAT?

Over the 3-year period, BOAT has performed better with a 28.86% return vs 14.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JSTC or BOAT?

BOAT is cheaper with a 0.69% expense ratio, compared with 0.89% for JSTC.

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

BOAT has the higher dividend yield at 6.14%, compared with 1.20% for JSTC.

What is the main difference between JSTC and BOAT?

JSTC is categorized as Global Equities, while BOAT is Transportation Equities. They also come from different issuers: Toroso Investments and Tidal Investments. Their fees differ too: 0.89% for JSTC and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.56 vs 1.48), 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.