PSCI vs. BOAT

Last updated Aug 2, 2026

PSCI (Invesco S&P SmallCap Industrials ETF) and BOAT (SonicShares Global Shipping ETF) are both Industrials Equities funds - PSCI tracks the S&P SmallCap 600 Industrials Index while BOAT tracks the Solactive Global Shipping Index. Both are passively managed. Over the past 3 years, PSCI returned 19.32%/yr vs 27.06%/yr for BOAT. Their 0.40 correlation means their historical movements had little consistent relationship. PSCI charges 0.29%/yr vs 0.69%/yr for BOAT.

Performance

PSCI vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Industrials ETF (PSCI) 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, PSCI achieves a 18.13% return, which is significantly lower than BOAT's 44.78% return.

PSCI

• 1D: 0.51%
• 1M: -2.40%
• 6M: 8.12%
• YTD: 18.13%
• 1Y: 29.94%
• 3Y*: 19.32%
• 5Y*: 14.91%
• 10Y*: 14.98%
• ALL TIME*: 13.64%

BOAT

• 1D: -0.74%
• 1M: 13.24%
• 6M: 27.61%
• YTD: 44.78%
• 1Y: 59.34%
• 3Y*: 27.06%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.82%

*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	$1.27M	$891.42K	$991.19K
PSCI Invesco S&P SmallCap Industrials ETF	$892.59K	$880.26K	$789.49K

PSCI vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PSCI Invesco S&P SmallCap Industrials ETF	18.13%	13.50%	16.68%	31.64%	-9.02%	6.41%
BOAT SonicShares Global Shipping ETF	44.78%	22.77%	5.97%	24.53%	6.26%	21.24%

Correlation

The correlation between PSCI and BOAT is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021	0.40

The correlation between PSCI and BOAT shifts across timeframes, from 0.28 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

PSCI vs. BOAT - Sectors Allocation Comparison

Sectors	PSCI	BOAT
Industrials	77.2%	29.2%
Technology	11.1%	-
Consumer Cyclical	6.8%	-
Basic Materials	2.4%	-
Energy	1.8%	10.3%
Real Estate	1.0%	-
Consumer Defensive	0.6%	-
Healthcare	0.5%	-
Communication Services	0.4%	-
Financial Services	0.1%	6.6%
Utilities	-	-

Return for Risk

PSCI vs. BOAT — Risk / Return Rank

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

PSCI

PSCI Risk / Return Rank: 52
PSCI Sharpe Ratio Rank: 52
PSCI Sortino Ratio Rank: 56
PSCI Omega Ratio Rank: 50
PSCI Calmar Ratio Rank: 52
PSCI Martin Ratio Rank: 52

BOAT

BOAT Risk / Return Rank: 93
BOAT Sharpe Ratio Rank: 96
BOAT Sortino Ratio Rank: 94
BOAT Omega Ratio Rank: 92
BOAT Calmar Ratio Rank: 95
BOAT Martin Ratio Rank: 90

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.

PSCI vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Industrials ETF (PSCI) 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.

	PSCI	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	1.28	2.85	-1.57
Sortino ratio: Return per unit of downside risk	1.93	3.70	-1.77
Omega ratio: Gain probability vs. loss probability	1.22	1.46	-0.23
Calmar ratio: Return relative to maximum drawdown	1.86	5.08	-3.22
Martin ratio: Return relative to average drawdown	6.11	14.33	-8.23

PSCI vs. BOAT - Sharpe Ratio Comparison

The current PSCI Sharpe Ratio is 1.28, which is lower than the BOAT Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of PSCI 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

PSCI vs. BOAT - Drawdown Comparison

The maximum PSCI drawdown since its inception was -45.55%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PSCI and BOAT.

Drawdown Indicators

	PSCI	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-45.55%	-33.94%	-11.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-11.60%	-3.28%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-33.94%	+4.58%
Max Drawdown (5Y) Largest decline over 5 years	-29.36%	-33.94%	+4.58%
Max Drawdown (10Y) Largest decline over 10 years	-45.55%	—	—
Current Drawdown Current decline from peak	-4.96%	-0.74%	-4.22%
Average Drawdown Average peak-to-trough decline	-6.87%	-9.51%	+2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	4.10%	+0.43%

Volatility

PSCI vs. BOAT - Volatility Comparison

The current volatility for Invesco S&P SmallCap Industrials ETF (PSCI) is 5.54%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 7.09%. This indicates that PSCI 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

	PSCI	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	7.09%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	15.87%	16.87%	-1.00%
Volatility (1Y) Calculated over the trailing 1-year period	21.70%	20.73%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.92%	25.07%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	25.07%	+0.18%

PSCI vs. BOAT - Expense Ratio Comparison

PSCI has a 0.29% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

PSCI vs. BOAT - Dividend Comparison

PSCI's dividend yield for the trailing twelve months is around 1.34%, less than BOAT's 6.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOAT SonicShares Global Shipping ETF	6.35%	8.08%	13.89%	13.65%	13.57%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSCI Invesco S&P SmallCap Industrials ETF	1.34%	1.56%	0.65%	0.72%	0.87%	0.69%	0.59%	0.64%	0.67%	0.71%	0.74%	1.02%

Frequently Asked Questions

Can I hold both PSCI and BOAT in my portfolio?

PSCI and BOAT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCI or BOAT?

BOAT has higher volatility (7.09%) compared to PSCI (5.54%). In terms of maximum drawdown, PSCI dropped -45.55% vs BOAT's -33.94%.

Which ETF is better, PSCI or BOAT?

On 3-year performance, BOAT leads with 27.06% vs 19.32% for PSCI. On fees, PSCI is cheaper at 0.29% per year. On volatility, PSCI has been the lower-risk option at 5.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCI or BOAT?

Over the 3-year period, BOAT has performed better with a 27.06% return vs 19.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCI or BOAT?

PSCI is cheaper with a 0.29% expense ratio, compared with 0.69% for BOAT.

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

BOAT has the higher dividend yield at 6.35%, compared with 1.34% for PSCI.

What is the main difference between PSCI and BOAT?

PSCI tracks S&P SmallCap 600 Industrials Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: Invesco and Tidal. Their fees differ too: 0.29% for PSCI and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.85 vs 1.28), 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.