SFY vs. BOAT

Last updated Jun 4, 2026

SFY (SoFi Select 500 ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - SFY is a Large Cap Growth Equities fund tracking the Solactive SoFi US 500 Growth Index, while BOAT is a Transportation Equities fund tracking the Solactive Global Shipping Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, SFY returned 27.51%/yr vs 27.56%/yr for BOAT. At a 0.42 correlation, their price movements are largely independent. SFY charges 0.00%/yr vs 0.69%/yr for BOAT.

Performance

SFY vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Select 500 ETF (SFY) 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, SFY achieves a 14.51% return, which is significantly lower than BOAT's 29.73% return.

SFY

• 1D: -1.03%
• 1M: 7.58%
• YTD: 14.51%
• 6M: 14.56%
• 1Y: 35.49%
• 3Y*: 27.51%
• 5Y*: 15.86%
• 10Y*: —

BOAT

• 1D: -0.83%
• 1M: -2.43%
• YTD: 29.73%
• 6M: 28.77%
• 1Y: 49.09%
• 3Y*: 27.56%
• 5Y*: —
• 10Y*: —

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

SFY vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SFY SoFi Select 500 ETF	14.51%	22.67%	29.81%	29.36%	-22.84%	7.41%
BOAT SonicShares Global Shipping ETF	29.73%	22.77%	5.97%	24.53%	6.26%	23.18%

Correlation

The correlation between SFY and BOAT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021	0.42

The correlation between SFY and BOAT shifts across timeframes, from 0.27 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

SFY vs. BOAT - Sectors Allocation Comparison

Sectors	SFY	BOAT
Technology	45.5%	-
Communication Services	10.2%	-
Financial Services	9.6%	4.7%
Healthcare	9.4%	-
Consumer Cyclical	7.6%	-
Industrials	6.7%	25.4%
Consumer Defensive	3.4%	-
Energy	2.4%	16.1%
Utilities	1.9%	-
Real Estate	1.7%	-
Basic Materials	1.7%	-

Return for Risk

SFY vs. BOAT — Risk / Return Rank

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

SFY

SFY Risk / Return Rank: 71
SFY Sharpe Ratio Rank: 74
SFY Sortino Ratio Rank: 70
SFY Omega Ratio Rank: 70
SFY Calmar Ratio Rank: 66
SFY Martin Ratio Rank: 75

BOAT

BOAT Risk / Return Rank: 73
BOAT Sharpe Ratio Rank: 75
BOAT Sortino Ratio Rank: 71
BOAT Omega Ratio Rank: 67
BOAT Calmar Ratio Rank: 80
BOAT Martin Ratio Rank: 70

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.

SFY vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Select 500 ETF (SFY) 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.

	SFY	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.50	-0.03
Sortino ratio: Return per unit of downside risk	3.27	3.30	-0.03
Omega ratio: Gain probability vs. loss probability	1.43	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	3.31	4.25	-0.95
Martin ratio: Return relative to average drawdown	14.43	13.13	+1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SFY vs. BOAT - Sharpe Ratio Comparison

The current SFY Sharpe Ratio is 2.47, which is comparable to the BOAT Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of SFY 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.

Sharpe Ratios by Period

	SFY	BOAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.50	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.93	-0.03

Drawdowns

SFY vs. BOAT - Drawdown Comparison

The maximum SFY drawdown since its inception was -33.25%, roughly equal to the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SFY and BOAT.

Drawdown Indicators

	SFY	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-33.25%	-33.94%	+0.69%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-11.60%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-21.04%	-33.94%	+12.90%
Max Drawdown (5Y) Largest decline over 5 years	-27.72%	—	—
Current Drawdown Current decline from peak	-1.03%	-6.70%	+5.67%
Average Drawdown Average peak-to-trough decline	-6.19%	-9.70%	+3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	3.75%	-1.28%

Volatility

SFY vs. BOAT - Volatility Comparison

The current volatility for SoFi Select 500 ETF (SFY) is 4.04%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 7.60%. This indicates that SFY 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

	SFY	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	7.60%	-3.56%
Volatility (6M) Calculated over the trailing 6-month period	11.09%	15.34%	-4.25%
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	19.77%	-5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	25.12%	-6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.20%	25.12%	-4.92%

SFY vs. BOAT - Expense Ratio Comparison

SFY has a 0.00% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

SFY vs. BOAT - Dividend Comparison

SFY's dividend yield for the trailing twelve months is around 0.84%, less than BOAT's 6.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BOAT SonicShares Global Shipping ETF	6.32%	8.08%	13.89%	13.65%	13.57%	1.36%	0.00%	0.00%
SFY SoFi Select 500 ETF	0.84%	0.96%	0.99%	1.40%	1.61%	0.90%	1.18%	1.02%

Frequently Asked Questions

Can I hold both SFY and BOAT in my portfolio?

SFY and BOAT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFY or BOAT?

BOAT has higher volatility (7.60%) compared to SFY (4.04%). In terms of maximum drawdown, SFY dropped -33.25% vs BOAT's -33.94%.

Which ETF is better, SFY or BOAT?

On 3-year performance, BOAT leads with 27.56% vs 27.51% for SFY. On fees, SFY is cheaper at 0.00% per year. On volatility, SFY has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SFY or BOAT?

Over the 3-year period, BOAT has performed better with a 27.56% return vs 27.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SFY or BOAT?

SFY is cheaper with a 0.00% expense ratio, compared with 0.69% for BOAT.

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

BOAT has the higher dividend yield at 6.32%, compared with 0.84% for SFY.

What is the main difference between SFY and BOAT?

SFY is categorized as Large Cap Growth Equities, while BOAT is Transportation Equities. SFY tracks Solactive SoFi US 500 Growth Index, while BOAT tracks Solactive Global Shipping Index - Benchmark TR Net. Their fees differ too: 0.00% for SFY and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.50 vs 2.47), 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.