SEA vs. SHPP

Last updated Aug 2, 2026

SEA (U.S. Global Sea to Sky Cargo ETF) and SHPP (Pacer Industrials and Logistics ETF) are both Industrials Equities funds - SEA tracks the U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross while SHPP tracks the Pacer Global Supply Chain Infrastructure Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, SEA returned 18.39%/yr vs 10.45%/yr for SHPP. Their 0.68 correlation means they have sometimes moved together and sometimes differently. SEA charges 0.60%/yr vs 0.61%/yr for SHPP.

Performance

SEA vs. SHPP - 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 Pacer Industrials and Logistics ETF (SHPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEA achieves a 30.54% return, which is significantly higher than SHPP's 18.08% return.

SEA

• 1D: -0.03%
• 1M: 10.88%
• 6M: 20.96%
• YTD: 30.54%
• 1Y: 39.67%
• 3Y*: 18.39%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.73%

SHPP

• 1D: 0.20%
• 1M: 1.57%
• 6M: 14.15%
• YTD: 18.08%
• 1Y: 27.78%
• 3Y*: 10.45%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.27%

*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)
SEA U.S. Global Sea to Sky Cargo ETF	$126.54K	$400.87K	$241.46K
SHPP Pacer Industrials and Logistics ETF	$5.70K	$6.05K	$3.27K

SEA vs. SHPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SEA U.S. Global Sea to Sky Cargo ETF	30.54%	16.78%	2.52%	19.33%	-21.34%
SHPP Pacer Industrials and Logistics ETF	18.08%	12.88%	0.76%	20.86%	-4.12%

Correlation

The correlation between SEA and SHPP is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022	0.68

The correlation between SEA and SHPP has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

SEA vs. SHPP - Sectors Allocation Comparison

Sectors	SEA	SHPP
Industrials	95.5%	85.9%
Energy	3.5%	-
Technology	0.1%	10.0%
Basic Materials	-	-
Consumer Cyclical	-	2.2%
Consumer Defensive	-	0.1%
Financial Services	-	0.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-
Communication Services	-0.1%	0.0%

Return for Risk

SEA vs. SHPP — Risk / Return Rank

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

SEA

SEA Risk / Return Rank: 90
SEA Sharpe Ratio Rank: 92
SEA Sortino Ratio Rank: 91
SEA Omega Ratio Rank: 89
SEA Calmar Ratio Rank: 90
SEA Martin Ratio Rank: 89

SHPP

SHPP Risk / Return Rank: 73
SHPP Sharpe Ratio Rank: 76
SHPP Sortino Ratio Rank: 74
SHPP Omega Ratio Rank: 74
SHPP Calmar Ratio Rank: 68
SHPP Martin Ratio Rank: 75

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.

SEA vs. SHPP - 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 Pacer Industrials and Logistics ETF (SHPP). 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.

	SEA	SHPP	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.74	+0.63
Sortino ratio: Return per unit of downside risk	3.29	2.41	+0.88
Omega ratio: Gain probability vs. loss probability	1.40	1.31	+0.09
Calmar ratio: Return relative to maximum drawdown	3.75	2.40	+1.35
Martin ratio: Return relative to average drawdown	13.91	9.36	+4.55

SEA vs. SHPP - Sharpe Ratio Comparison

The current SEA Sharpe Ratio is 2.36, which is higher than the SHPP Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of SEA and SHPP, 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

SEA vs. SHPP - Drawdown Comparison

The maximum SEA drawdown since its inception was -39.53%, which is greater than SHPP's maximum drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for SEA and SHPP.

Drawdown Indicators

	SEA	SHPP	Difference
Max Drawdown Largest peak-to-trough decline	-39.53%	-21.57%	-17.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	-11.06%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-32.42%	-18.84%	-13.58%
Current Drawdown Current decline from peak	-0.03%	-0.96%	+0.93%
Average Drawdown Average peak-to-trough decline	-13.90%	-4.16%	-9.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.82%	+0.05%

Volatility

SEA vs. SHPP - Volatility Comparison

U.S. Global Sea to Sky Cargo ETF (SEA) has a higher volatility of 4.58% compared to Pacer Industrials and Logistics ETF (SHPP) at 2.87%. This indicates that SEA's price experiences larger fluctuations and is considered to be riskier than SHPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEA	SHPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	2.87%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	13.15%	12.54%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	16.95%	15.30%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.55%	17.33%	+4.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.55%	17.33%	+4.22%

SEA vs. SHPP - Expense Ratio Comparison

SEA has a 0.60% expense ratio, which is lower than SHPP's 0.61% expense ratio.

Dividends

SEA vs. SHPP - Dividend Comparison

SEA's dividend yield for the trailing twelve months is around 5.18%, more than SHPP's 1.69% yield.

Position	TTM	2025	2024	2023	2022
SEA U.S. Global Sea to Sky Cargo ETF	5.18%	6.76%	18.47%	9.85%	18.73%
SHPP Pacer Industrials and Logistics ETF	1.69%	1.80%	2.41%	2.89%	1.15%

Frequently Asked Questions

Can I hold both SEA and SHPP in my portfolio?

SEA and SHPP have a correlation of 0.61, 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 SHPP?

SEA has higher volatility (4.58%) compared to SHPP (2.87%). In terms of maximum drawdown, SEA dropped -39.53% vs SHPP's -21.57%.

Which ETF is better, SEA or SHPP?

On 3-year performance, SEA leads with 18.39% vs 10.45% for SHPP. On fees, SEA is cheaper at 0.60% per year. On volatility, SHPP has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEA or SHPP?

Over the 3-year period, SEA has performed better with a 18.39% return vs 10.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEA or SHPP?

SEA is cheaper with a 0.60% expense ratio, compared with 0.61% for SHPP.

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

SEA has the higher dividend yield at 5.18%, compared with 1.69% for SHPP.

What is the main difference between SEA and SHPP?

SEA tracks U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross, while SHPP tracks Pacer Global Supply Chain Infrastructure Index - Benchmark TR Net. They also come from different issuers: US Global and Pacer. Their fees differ too: 0.60% for SEA and 0.61% for SHPP.

Which has better risk-adjusted returns?

SEA currently has the higher Sharpe Ratio (2.36 vs 1.74), 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.