SEA vs. HVAC

Last updated Jun 4, 2026

SEA (U.S. Global Sea to Sky Cargo ETF) and HVAC (AdvisorShares HVAC and Industrials ETF) are both Industrials Equities funds. SEA is passively managed, while HVAC is actively managed. Over the past year, SEA returned 30.09% vs 59.65% for HVAC. A 0.50 correlation means they provide meaningful diversification when combined. SEA charges 0.60%/yr vs 1.00%/yr for HVAC.

Performance

SEA vs. HVAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Sea to Sky Cargo ETF (SEA) and AdvisorShares HVAC and Industrials ETF (HVAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEA achieves a 20.79% return, which is significantly lower than HVAC's 36.48% return.

SEA

• 1D: -0.80%
• 1M: 0.23%
• YTD: 20.79%
• 6M: 21.12%
• 1Y: 30.09%
• 3Y*: 18.52%
• 5Y*: —
• 10Y*: —

HVAC

• 1D: 1.91%
• 1M: 6.24%
• YTD: 36.48%
• 6M: 32.88%
• 1Y: 59.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEA vs. HVAC - Yearly Performance Comparison

	2026 (YTD)	2025
SEA U.S. Global Sea to Sky Cargo ETF	20.79%	21.46%
HVAC AdvisorShares HVAC and Industrials ETF	36.48%	24.04%

Correlation

The correlation between SEA and HVAC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025	0.50

The correlation between SEA and HVAC has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

SEA vs. HVAC - Sectors Allocation Comparison

Sectors	SEA	HVAC
Industrials	82.7%	67.0%
Energy	17.3%	-
Communication Services	0.0%	-
Basic Materials	-	-
Consumer Cyclical	-	4.5%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	2.8%
Utilities	-	7.4%
Technology	-1.6%	16.9%

Return for Risk

SEA vs. HVAC — Risk / Return Rank

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

SEA

SEA Risk / Return Rank: 56
SEA Sharpe Ratio Rank: 54
SEA Sortino Ratio Rank: 54
SEA Omega Ratio Rank: 51
SEA Calmar Ratio Rank: 57
SEA Martin Ratio Rank: 64

HVAC

HVAC Risk / Return Rank: 68
HVAC Sharpe Ratio Rank: 66
HVAC Sortino Ratio Rank: 59
HVAC Omega Ratio Rank: 60
HVAC Calmar Ratio Rank: 79
HVAC Martin Ratio Rank: 75

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.

SEA vs. HVAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Sea to Sky Cargo ETF (SEA) and AdvisorShares HVAC and Industrials ETF (HVAC). 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.

	SEA	HVAC	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.19	-0.33
Sortino ratio: Return per unit of downside risk	2.62	2.75	-0.13
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	2.83	4.04	-1.21
Martin ratio: Return relative to average drawdown	11.52	14.29	-2.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEA vs. HVAC - Sharpe Ratio Comparison

The current SEA Sharpe Ratio is 1.86, which is comparable to the HVAC Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of SEA and HVAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SEA	HVAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.19	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	1.67	-1.27

Drawdowns

SEA vs. HVAC - Drawdown Comparison

The maximum SEA drawdown since its inception was -39.53%, which is greater than HVAC's maximum drawdown of -21.22%. Use the drawdown chart below to compare losses from any high point for SEA and HVAC.

Drawdown Indicators

	SEA	HVAC	Difference
Max Drawdown Largest peak-to-trough decline	-39.53%	-21.22%	-18.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	-14.83%	+4.16%
Max Drawdown (3Y) Largest decline over 3 years	-32.42%	—	—
Current Drawdown Current decline from peak	-3.07%	-0.60%	-2.47%
Average Drawdown Average peak-to-trough decline	-14.31%	-3.95%	-10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	4.19%	-1.57%

Volatility

SEA vs. HVAC - Volatility Comparison

The current volatility for U.S. Global Sea to Sky Cargo ETF (SEA) is 5.17%, while AdvisorShares HVAC and Industrials ETF (HVAC) has a volatility of 11.09%. This indicates that SEA experiences smaller price fluctuations and is considered to be less risky than HVAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEA	HVAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	11.09%	-5.92%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	22.96%	-10.95%
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	27.43%	-11.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.67%	29.39%	-7.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	29.39%	-7.72%

SEA vs. HVAC - Expense Ratio Comparison

SEA has a 0.60% expense ratio, which is lower than HVAC's 1.00% expense ratio.

Dividends

SEA vs. HVAC - Dividend Comparison

SEA's dividend yield for the trailing twelve months is around 5.59%, more than HVAC's 0.14% yield.

Position	TTM	2025	2024	2023	2022
HVAC AdvisorShares HVAC and Industrials ETF	0.14%	0.19%	0.00%	0.00%	0.00%
SEA U.S. Global Sea to Sky Cargo ETF	5.59%	6.76%	18.47%	9.85%	18.73%

Frequently Asked Questions

Can I hold both SEA and HVAC in my portfolio?

SEA and HVAC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEA or HVAC?

HVAC has higher volatility (11.09%) compared to SEA (5.17%). In terms of maximum drawdown, SEA dropped -39.53% vs HVAC's -21.22%.

Which ETF is better, SEA or HVAC?

On 1-year performance, HVAC leads with 59.65% vs 30.09% for SEA. On fees, SEA is cheaper at 0.60% per year. On volatility, SEA has been the lower-risk option at 5.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEA or HVAC?

Over the 1-year period, HVAC has performed better with a 59.65% return vs 30.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEA or HVAC?

SEA is cheaper with a 0.60% expense ratio, compared with 1.00% for HVAC.

Which ETF pays a higher dividend yield, SEA or HVAC?

SEA has the higher dividend yield at 5.59%, compared with 0.14% for HVAC.

What is the main difference between SEA and HVAC?

They also come from different issuers: US Global and AdvisorShares. Their fees differ too: 0.60% for SEA and 1.00% for HVAC.

Which has better risk-adjusted returns?

HVAC currently has the higher Sharpe Ratio (2.19 vs 1.86), 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.