MBGYY vs. BOAT
MBGYY (Mercedes-Benz Group AG) is a stock, while BOAT (SonicShares Global Shipping ETF) is Transportation Equities fund tracking the Solactive Global Shipping Index. Over the past 3 years, MBGYY returned -7.21%/yr vs 26.41%/yr for BOAT. At a 0.34 correlation, their price movements are largely independent.
Performance
MBGYY vs. BOAT - Performance Comparison
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Returns By Period
In the year-to-date period, MBGYY achieves a -20.85% return, which is significantly lower than BOAT's 36.56% return.
MBGYY
- 1D
- -0.84%
- 1M
- -4.33%
- 6M
- -18.91%
- YTD
- -20.85%
- 1Y
- -7.72%
- 3Y*
- -7.21%
- 5Y*
- —
- 10Y*
- —
BOAT
- 1D
- -0.84%
- 1M
- 1.43%
- 6M
- 27.33%
- YTD
- 36.56%
- 1Y
- 52.39%
- 3Y*
- 26.41%
- 5Y*
- —
- 10Y*
- —
MBGYY vs. BOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MBGYY Mercedes-Benz Group AG | -20.85% | 38.11% | -13.59% | 13.78% | 16.29% |
BOAT SonicShares Global Shipping ETF | 36.56% | 22.77% | 5.97% | 24.53% | 6.05% |
Correlation
The correlation between MBGYY and BOAT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2022 | 0.34 |
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Return for Risk
MBGYY vs. BOAT — Risk / Return Rank
MBGYY
BOAT
MBGYY vs. BOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercedes-Benz Group AG (MBGYY) 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.
| MBGYY | BOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.42 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 4.54 | -4.82 |
| Martin ratioReturn relative to average drawdown | -0.69 | 12.78 | -13.47 |
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Drawdowns
MBGYY vs. BOAT - Drawdown Comparison
The maximum MBGYY drawdown since its inception was -33.47%, roughly equal to the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for MBGYY and BOAT.
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Drawdown Indicators
| MBGYY | BOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -33.94% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -27.72% | -11.60% | -16.12% |
Max Drawdown (3Y)Largest decline over 3 years | -33.47% | -33.94% | +0.47% |
Current DrawdownCurrent decline from peak | -23.00% | -1.79% | -21.21% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -9.59% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.27% | 4.11% | +7.16% |
Volatility
MBGYY vs. BOAT - Volatility Comparison
Mercedes-Benz Group AG (MBGYY) has a higher volatility of 10.54% compared to SonicShares Global Shipping ETF (BOAT) at 8.10%. This indicates that MBGYY'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.
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Volatility by Period
| MBGYY | BOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 8.10% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 21.19% | 16.75% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.63% | 20.55% | +8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.89% | 25.11% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.89% | 25.11% | +2.78% |
Dividends
MBGYY vs. BOAT - Dividend Comparison
MBGYY's dividend yield for the trailing twelve months is around 7.77%, more than BOAT's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 6.74% | 8.08% | 13.89% | 13.65% | 13.57% | 1.36% |
MBGYY Mercedes-Benz Group AG | 7.77% | 6.95% | 10.45% | 8.24% | 0.00% | 0.00% |
Frequently Asked Questions
MBGYY and BOAT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MBGYY has higher volatility (10.54%) compared to BOAT (8.10%). In terms of maximum drawdown, MBGYY dropped -33.47% vs BOAT's -33.94%.
BOAT currently has the higher Sharpe Ratio (2.56 vs -0.27), 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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