KLMT vs. BOAT

Last updated Aug 5, 2026

KLMT (Invesco MSCI Global Climate 500 ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - KLMT is a Global Equities fund tracking the MSCI ACWI Select Climate 500 Index, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. Both are passively managed. Over the past year, KLMT returned 25.45% vs 56.33% for BOAT. Their 0.38 correlation means their historical movements had little consistent relationship. KLMT charges 0.10%/yr vs 0.69%/yr for BOAT.

Performance

KLMT vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Global Climate 500 ETF (KLMT) 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, KLMT achieves a 15.17% return, which is significantly lower than BOAT's 44.44% return.

KLMT

• 1D: 1.68%
• 1M: 3.32%
• 6M: 12.38%
• YTD: 15.17%
• 1Y: 25.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.93%

BOAT

• 1D: -0.44%
• 1M: 12.97%
• 6M: 26.12%
• YTD: 44.44%
• 1Y: 56.33%
• 3Y*: 26.76%
• 5Y*: 24.35%
• 10Y*: —
• ALL TIME*: 24.70%

*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	$1.71M	$1.08M	$1.05M
KLMT Invesco MSCI Global Climate 500 ETF	$56.55K	$62.22K	$75.80K

KLMT vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLMT Invesco MSCI Global Climate 500 ETF	15.17%	21.31%	4.94%
BOAT SonicShares Global Shipping ETF	44.44%	22.77%	-15.43%

Correlation

The correlation between KLMT and BOAT is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (All Time) Calculated using the full available price history since Jun 26, 2024	0.38

KLMT vs. BOAT - Sectors Allocation Comparison

Sectors	KLMT	BOAT
Technology	33.5%	-
Financial Services	16.0%	6.6%
Industrials	10.5%	29.2%
Consumer Cyclical	8.6%	-
Communication Services	8.5%	-
Healthcare	8.2%	-
Consumer Defensive	4.8%	-
Energy	3.1%	10.3%
Basic Materials	2.7%	-
Real Estate	2.6%	-
Utilities	1.6%	-

Return for Risk

KLMT vs. BOAT — Risk / Return Rank

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

KLMT

KLMT Risk / Return Rank: 72
KLMT Sharpe Ratio Rank: 72
KLMT Sortino Ratio Rank: 70
KLMT Omega Ratio Rank: 70
KLMT Calmar Ratio Rank: 68
KLMT Martin Ratio Rank: 78

BOAT

BOAT Risk / Return Rank: 91
BOAT Sharpe Ratio Rank: 94
BOAT Sortino Ratio Rank: 92
BOAT Omega Ratio Rank: 89
BOAT Calmar Ratio Rank: 93
BOAT Martin Ratio Rank: 86

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.

KLMT vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Climate 500 ETF (KLMT) 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.

	KLMT	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.74	-0.88
Sortino ratio: Return per unit of downside risk	2.58	3.59	-1.01
Omega ratio: Gain probability vs. loss probability	1.33	1.44	-0.11
Calmar ratio: Return relative to maximum drawdown	2.68	4.88	-2.20
Martin ratio: Return relative to average drawdown	11.17	13.77	-2.60

KLMT vs. BOAT - Sharpe Ratio Comparison

The current KLMT Sharpe Ratio is 1.87, which is lower than the BOAT Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of KLMT 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

KLMT vs. BOAT - Drawdown Comparison

The maximum KLMT drawdown since its inception was -16.87%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for KLMT and BOAT.

Drawdown Indicators

	KLMT	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-33.94%	+17.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-11.60%	+2.06%
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	0.00%	-0.97%	+0.97%
Average Drawdown Average peak-to-trough decline	-1.87%	-9.50%	+7.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	4.10%	-1.82%

Volatility

KLMT vs. BOAT - Volatility Comparison

The current volatility for Invesco MSCI Global Climate 500 ETF (KLMT) is 4.16%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 6.47%. This indicates that KLMT 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

	KLMT	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	6.47%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	16.87%	-5.35%
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	20.69%	-6.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	25.05%	-9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	25.05%	-9.16%

KLMT vs. BOAT - Expense Ratio Comparison

KLMT has a 0.10% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

KLMT vs. BOAT - Dividend Comparison

KLMT's dividend yield for the trailing twelve months is around 1.71%, less than BOAT's 6.37% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.37%	8.08%	13.89%	13.65%	13.57%	1.36%
KLMT Invesco MSCI Global Climate 500 ETF	1.71%	1.95%	0.85%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLMT and BOAT in my portfolio?

KLMT and BOAT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLMT or BOAT?

BOAT has higher volatility (6.47%) compared to KLMT (4.16%). In terms of maximum drawdown, KLMT dropped -16.87% vs BOAT's -33.94%.

Which ETF is better, KLMT or BOAT?

On 1-year performance, BOAT leads with 56.33% vs 25.45% for KLMT. On fees, KLMT is cheaper at 0.10% per year. On volatility, KLMT has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KLMT or BOAT?

Over the 1-year period, BOAT has performed better with a 56.33% return vs 25.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KLMT or BOAT?

KLMT is cheaper with a 0.10% expense ratio, compared with 0.69% for BOAT.

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

BOAT has the higher dividend yield at 6.37%, compared with 1.71% for KLMT.

What is the main difference between KLMT and BOAT?

KLMT is categorized as Global Equities, while BOAT is Industrials Equities. KLMT tracks MSCI ACWI Select Climate 500 Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: Invesco and Tidal. Their fees differ too: 0.10% for KLMT and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.74 vs 1.87), 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.