SDG vs. BOAT
SDG (iShares MSCI Global Sustainable Development Goals ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - SDG is a Global Equities fund tracking the MSCI ACWI Sustainable Development Index, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. Both are passively managed. Over the past 3 years, SDG returned 5.00%/yr vs 27.06%/yr for BOAT. Their 0.45 correlation means their historical movements had little consistent relationship. SDG charges 0.50%/yr vs 0.69%/yr for BOAT.
Performance
SDG vs. BOAT - Performance Comparison
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Returns By Period
In the year-to-date period, SDG achieves a 6.68% return, which is significantly lower than BOAT's 44.78% return.
SDG
- 1D
- -0.79%
- 1M
- -0.13%
- 6M
- 5.77%
- YTD
- 6.68%
- 1Y
- 15.56%
- 3Y*
- 5.00%
- 5Y*
- 0.06%
- 10Y*
- 8.00%
- ALL TIME*
- 8.08%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $891.42K | $991.19K | |
| $355.88K | $282.94K | $402.28K |
SDG vs. BOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDG iShares MSCI Global Sustainable Development Goals ETF | 6.68% | 20.19% | -10.09% | 4.59% | -11.51% | -7.23% |
BOAT SonicShares Global Shipping ETF | 44.78% | 22.77% | 5.97% | 24.53% | 6.26% | 21.24% |
Correlation
The correlation between SDG and BOAT is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.45 |
The correlation between SDG and BOAT shifts across timeframes, from 0.33 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDG vs. BOAT — Risk / Return Rank
SDG
BOAT
SDG vs. BOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Sustainable Development Goals ETF (SDG) 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.
| SDG | BOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 5.08 | -3.19 |
| Martin ratioReturn relative to average drawdown | 5.81 | 14.33 | -8.53 |
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Drawdowns
SDG vs. BOAT - Drawdown Comparison
The maximum SDG drawdown since its inception was -30.35%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SDG and BOAT.
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Drawdown Indicators
| SDG | BOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.35% | -33.94% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -11.60% | +2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -22.92% | -33.94% | +11.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | — | — |
Current DrawdownCurrent decline from peak | -3.53% | -0.74% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -9.51% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 4.10% | -1.29% |
Volatility
SDG vs. BOAT - Volatility Comparison
The current volatility for iShares MSCI Global Sustainable Development Goals ETF (SDG) is 3.70%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 7.09%. This indicates that SDG 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.
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Volatility by Period
| SDG | BOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 7.09% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 16.87% | -4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | 20.73% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 25.07% | -9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 25.07% | -8.46% |
SDG vs. BOAT - Expense Ratio Comparison
SDG has a 0.50% expense ratio, which is lower than BOAT's 0.69% expense ratio.
Dividends
SDG vs. BOAT - Dividend Comparison
SDG's dividend yield for the trailing twelve months is around 1.70%, less than BOAT's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SDG iShares MSCI Global Sustainable Development Goals ETF | 1.70% | 2.00% | 1.95% | 1.77% | 1.82% | 1.66% | 0.97% | 1.39% | 2.47% | 2.54% | 1.34% |
Frequently Asked Questions
SDG 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.
BOAT has higher volatility (7.09%) compared to SDG (3.70%). In terms of maximum drawdown, SDG dropped -30.35% vs BOAT's -33.94%.
On 3-year performance, BOAT leads with 27.06% vs 5.00% for SDG. On fees, SDG is cheaper at 0.50% per year. On volatility, SDG has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BOAT has performed better with a 27.06% return vs 5.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDG is cheaper with a 0.50% expense ratio, compared with 0.69% for BOAT.
BOAT has the higher dividend yield at 6.35%, compared with 1.70% for SDG.
SDG is categorized as Global Equities, while BOAT is Industrials Equities. SDG tracks MSCI ACWI Sustainable Development Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: iShares and Tidal. Their fees differ too: 0.50% for SDG and 0.69% for BOAT.
BOAT currently has the higher Sharpe Ratio (2.85 vs 1.09), 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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