MNVT vs. BOAT

Last updated Jul 25, 2026

MNVT (Moonvest ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - MNVT is a Global Equities fund actively managed by Moonvest, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. MNVT is actively managed, while BOAT is passively managed. At a 0.09 correlation, their price movements are largely independent. MNVT charges 0.75%/yr vs 0.69%/yr for BOAT.

Performance

MNVT vs. BOAT - Performance Comparison

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

Returns By Period

MNVT

• 1D: -2.85%
• 1M: -6.54%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BOAT

• 1D: 1.63%
• 1M: 11.19%
• 6M: 33.10%
• YTD: 43.79%
• 1Y: 52.96%
• 3Y*: 28.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.75%

*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	$972.74K	$904.80K	$980.36K
MNVT Moonvest ETF	$653.57K	$816.73K	$1.17M

MNVT vs. BOAT - Yearly Performance Comparison

	2026 (YTD)
MNVT Moonvest ETF	6.40%
BOAT SonicShares Global Shipping ETF	13.78%

Correlation

The correlation between MNVT and BOAT is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026	0.09

Return for Risk

MNVT vs. BOAT — Risk / Return Rank

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

MNVT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BOAT

BOAT Risk / Return Rank: 92
BOAT Sharpe Ratio Rank: 94
BOAT Sortino Ratio Rank: 93
BOAT Omega Ratio Rank: 91
BOAT Calmar Ratio Rank: 93
BOAT Martin Ratio Rank: 87

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.

MNVT vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Moonvest ETF (MNVT) 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.

	MNVT	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.60	—
Sortino ratio: Return per unit of downside risk	—	3.44	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	4.59	—
Martin ratio: Return relative to average drawdown	—	12.93	—

Drawdowns

MNVT vs. BOAT - Drawdown Comparison

The maximum MNVT drawdown since its inception was -23.74%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for MNVT and BOAT.

Drawdown Indicators

	MNVT	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-23.74%	-33.94%	+10.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.94%	—
Current Drawdown Current decline from peak	-23.74%	0.00%	-23.74%
Average Drawdown Average peak-to-trough decline	-8.51%	-9.55%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.11%	—

Volatility

Volatility by Period

	MNVT	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	45.29%	20.53%	+24.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.29%	25.08%	+20.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.29%	25.08%	+20.21%

MNVT vs. BOAT - Expense Ratio Comparison

MNVT has a 0.75% expense ratio, which is higher than BOAT's 0.69% expense ratio.

Dividends

MNVT vs. BOAT - Dividend Comparison

MNVT has not paid dividends to shareholders, while BOAT's dividend yield for the trailing twelve months is around 6.40%.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.40%	8.08%	13.89%	13.65%	13.57%	1.36%
MNVT Moonvest ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MNVT and BOAT in my portfolio?

MNVT and BOAT have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MNVT or BOAT?

On fees, BOAT is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MNVT or BOAT?

BOAT is cheaper with a 0.69% expense ratio, compared with 0.75% for MNVT.

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

BOAT has the higher dividend yield at 6.40%, compared with 0.00% for MNVT.

What is the main difference between MNVT and BOAT?

MNVT is categorized as Global Equities, while BOAT is Industrials Equities. They also come from different issuers: Moonvest and Tidal Investments. Their fees differ too: 0.75% for MNVT and 0.69% for BOAT.