SEA vs. WAR

Last updated Jun 4, 2026

SEA (U.S. Global Sea to Sky Cargo ETF) and WAR (U.S. Global Technology and Aerospace & Defense ETF) are both exchange-traded funds - SEA is a Industrials Equities fund tracking the U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross, while WAR is a Aerospace & Defense fund actively managed by US Global. SEA is passively managed, while WAR is actively managed. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.60% expense ratio.

Performance

SEA vs. WAR - 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 U.S. Global Technology and Aerospace & Defense ETF (WAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SEA

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

WAR

• 1D: -1.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEA vs. WAR - Yearly Performance Comparison

	2026 (YTD)
SEA U.S. Global Sea to Sky Cargo ETF	-1.19%
WAR U.S. Global Technology and Aerospace & Defense ETF	2.67%

Correlation

The correlation between SEA and WAR is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.14

SEA vs. WAR - Sectors Allocation Comparison

Sectors	SEA	WAR
Industrials	82.7%	31.1%
Energy	17.3%	-
Communication Services	0.0%	2.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	0.5%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-
Technology	-1.6%	63.8%

Return for Risk

SEA vs. WAR — 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

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. WAR - 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 U.S. Global Technology and Aerospace & Defense ETF (WAR). 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	WAR	Difference
Sharpe ratio Return per unit of total volatility	1.86	—	—
Sortino ratio Return per unit of downside risk	2.62	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	2.83	—	—
Martin ratio Return relative to average drawdown	11.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SEA	WAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	5.18	-4.79

Drawdowns

SEA vs. WAR - Drawdown Comparison

The maximum SEA drawdown since its inception was -39.53%, which is greater than WAR's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for SEA and WAR.

Drawdown Indicators

	SEA	WAR	Difference
Max Drawdown Largest peak-to-trough decline	-39.53%	-1.92%	-37.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.42%	—	—
Current Drawdown Current decline from peak	-3.07%	-1.92%	-1.15%
Average Drawdown Average peak-to-trough decline	-14.31%	-0.88%	-13.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	—	—

Volatility

Volatility by Period

	SEA	WAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	42.90%	-26.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.67%	42.90%	-21.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	42.90%	-21.23%

SEA vs. WAR - Expense Ratio Comparison

Both SEA and WAR have an expense ratio of 0.60%.

Dividends

SEA vs. WAR - Dividend Comparison

SEA's dividend yield for the trailing twelve months is around 5.59%, while WAR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
SEA U.S. Global Sea to Sky Cargo ETF	5.59%	6.76%	18.47%	9.85%	18.73%
WAR U.S. Global Technology and Aerospace & Defense ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEA and WAR in my portfolio?

SEA and WAR have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SEA or WAR?

Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SEA or WAR?

SEA and WAR have the same expense ratio: 0.60% per year.

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

SEA has the higher dividend yield at 5.59%, compared with 0.00% for WAR.

What is the main difference between SEA and WAR?

SEA is categorized as Industrials Equities, while WAR is Aerospace & Defense.