SFGV vs. BOAT

Last updated Aug 2, 2026

SFGV (Sequoia Global Value ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - SFGV is a Global Equities fund actively managed by Sequoia Financial, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. SFGV is actively managed, while BOAT is passively managed. Over the past year, SFGV returned 26.03% vs 59.34% for BOAT. Their 0.42 correlation means their historical movements had little consistent relationship. SFGV charges 0.33%/yr vs 0.69%/yr for BOAT.

Performance

SFGV vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sequoia Global Value ETF (SFGV) 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, SFGV achieves a 13.93% return, which is significantly lower than BOAT's 44.78% return.

SFGV

• 1D: -0.50%
• 1M: 1.16%
• 6M: 7.57%
• YTD: 13.93%
• 1Y: 26.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.47%

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
SFGV Sequoia Global Value ETF	$327.92K	$400.72K	$470.11K

SFGV vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SFGV Sequoia Global Value ETF	13.93%	18.84%	11.04%
BOAT SonicShares Global Shipping ETF	44.78%	22.77%	0.61%

Correlation

The correlation between SFGV and BOAT is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024	0.42

SFGV vs. BOAT - Sectors Allocation Comparison

Sectors	SFGV	BOAT
Financial Services	45.3%	6.6%
Industrials	11.1%	29.2%
Consumer Cyclical	9.8%	-
Healthcare	9.2%	-
Technology	6.7%	-
Consumer Defensive	6.5%	-
Energy	5.6%	10.3%
Basic Materials	3.8%	-
Communication Services	1.5%	-
Real Estate	0.2%	-
Utilities	0.0%	-

Return for Risk

SFGV vs. BOAT — Risk / Return Rank

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

SFGV

SFGV Risk / Return Rank: 87
SFGV Sharpe Ratio Rank: 89
SFGV Sortino Ratio Rank: 90
SFGV Omega Ratio Rank: 89
SFGV Calmar Ratio Rank: 82
SFGV Martin Ratio Rank: 84

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.

SFGV vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sequoia Global Value ETF (SFGV) 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.

	SFGV	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.85	-0.63
Sortino ratio: Return per unit of downside risk	3.20	3.70	-0.50
Omega ratio: Gain probability vs. loss probability	1.40	1.46	-0.05
Calmar ratio: Return relative to maximum drawdown	3.04	5.08	-2.03
Martin ratio: Return relative to average drawdown	11.70	14.33	-2.64

SFGV vs. BOAT - Sharpe Ratio Comparison

The current SFGV Sharpe Ratio is 2.22, which is comparable to the BOAT Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of SFGV 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

SFGV vs. BOAT - Drawdown Comparison

The maximum SFGV drawdown since its inception was -14.51%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SFGV and BOAT.

Drawdown Indicators

	SFGV	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-14.51%	-33.94%	+19.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-11.60%	+3.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.94%	—
Current Drawdown Current decline from peak	-0.89%	-0.74%	-0.15%
Average Drawdown Average peak-to-trough decline	-1.81%	-9.51%	+7.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	4.10%	-1.93%

Volatility

SFGV vs. BOAT - Volatility Comparison

The current volatility for Sequoia Global Value ETF (SFGV) is 2.75%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 7.09%. This indicates that SFGV 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

	SFGV	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	7.09%	-4.34%
Volatility (6M) Calculated over the trailing 6-month period	8.72%	16.87%	-8.15%
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	20.73%	-9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.08%	25.07%	-11.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.08%	25.07%	-11.99%

SFGV vs. BOAT - Expense Ratio Comparison

SFGV has a 0.33% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

SFGV vs. BOAT - Dividend Comparison

SFGV's dividend yield for the trailing twelve months is around 2.34%, less than BOAT's 6.35% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.35%	8.08%	13.89%	13.65%	13.57%	1.36%
SFGV Sequoia Global Value ETF	2.34%	2.52%	2.23%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFGV and BOAT in my portfolio?

SFGV and BOAT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFGV or BOAT?

BOAT has higher volatility (7.09%) compared to SFGV (2.75%). In terms of maximum drawdown, SFGV dropped -14.51% vs BOAT's -33.94%.

Which ETF is better, SFGV or BOAT?

On 1-year performance, BOAT leads with 59.34% vs 26.03% for SFGV. On fees, SFGV is cheaper at 0.33% per year. On volatility, SFGV has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFGV or BOAT?

Over the 1-year period, BOAT has performed better with a 59.34% return vs 26.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFGV or BOAT?

SFGV is cheaper with a 0.33% expense ratio, compared with 0.69% for BOAT.

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

BOAT has the higher dividend yield at 6.35%, compared with 2.34% for SFGV.

What is the main difference between SFGV and BOAT?

SFGV is categorized as Global Equities, while BOAT is Industrials Equities. They also come from different issuers: Sequoia Financial and Tidal. Their fees differ too: 0.33% for SFGV and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.85 vs 2.22), 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.