SFYX vs. BOAT

Last updated Jun 24, 2026

SFYX (SoFi Next 500 ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - SFYX is a Mid Cap Growth Equities fund tracking the Solactive SoFi US Next 500 Growth Index, while BOAT is a Transportation Equities fund tracking the Solactive Global Shipping Index. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. SFYX charges 0.00%/yr vs 0.69%/yr for BOAT.

Performance

SFYX vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Next 500 ETF (SFYX) and SonicShares Global Shipping ETF (BOAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFYX

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

BOAT

• 1D: 0.10%
• 1M: -0.62%
• YTD: 33.67%
• 6M: 34.50%
• 1Y: 49.12%
• 3Y*: 28.90%
• 5Y*: —
• 10Y*: —

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

SFYX vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SFYX SoFi Next 500 ETF	5.66%	14.25%	14.45%	17.70%	-22.88%	1.66%
BOAT SonicShares Global Shipping ETF	33.67%	22.77%	5.97%	24.53%	6.26%	21.24%

Correlation

The correlation between SFYX and BOAT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021	0.44

The correlation between SFYX and BOAT shifts across timeframes, from 0.26 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

SFYX vs. BOAT - Sectors Allocation Comparison

Sectors	SFYX	BOAT
Industrials	22.3%	25.4%
Technology	16.0%	-
Financial Services	15.0%	4.7%
Healthcare	12.0%	-
Consumer Cyclical	9.9%	-
Real Estate	7.3%	-
Energy	4.8%	16.1%
Communication Services	4.0%	-
Basic Materials	3.4%	-
Consumer Defensive	3.0%	-
Utilities	2.3%	-

Return for Risk

SFYX vs. BOAT — Risk / Return Rank

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

SFYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BOAT

BOAT Risk / Return Rank: 78
BOAT Sharpe Ratio Rank: 82
BOAT Sortino Ratio Rank: 79
BOAT Omega Ratio Rank: 74
BOAT Calmar Ratio Rank: 83
BOAT Martin Ratio Rank: 73

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.

SFYX vs. BOAT - Risk-Adjusted Trends Comparison

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

	SFYX	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.50	—
Sortino ratio: Return per unit of downside risk	—	3.30	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	4.25	—
Martin ratio: Return relative to average drawdown	—	13.08	—

Drawdowns

Drawdown Indicators

	SFYX	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.94%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.94%	—
Current Drawdown Current decline from peak	—	-3.87%	—
Average Drawdown Average peak-to-trough decline	—	-9.64%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.80%	—

Volatility

Volatility by Period

	SFYX	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.72%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	25.05%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.05%	—

SFYX vs. BOAT - Expense Ratio Comparison

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

Dividends

SFYX vs. BOAT - Dividend Comparison

SFYX has not paid dividends to shareholders, while BOAT's dividend yield for the trailing twelve months is around 6.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BOAT SonicShares Global Shipping ETF	6.13%	8.08%	13.89%	13.65%	13.57%	1.36%	0.00%	0.00%
SFYX SoFi Next 500 ETF	1.36%	1.44%	1.25%	1.51%	1.56%	0.90%	1.16%	1.02%

Frequently Asked Questions

Can I hold both SFYX and BOAT in my portfolio?

SFYX and BOAT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFYX or BOAT?

On fees, SFYX is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFYX or BOAT?

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

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

BOAT has the higher dividend yield at 6.13%, compared with 1.36% for SFYX.

What is the main difference between SFYX and BOAT?

SFYX is categorized as Mid Cap Growth Equities, while BOAT is Transportation Equities. SFYX tracks Solactive SoFi US Next 500 Growth Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: Toroso Investments and Tidal Investments. Their fees differ too: 0.00% for SFYX and 0.69% for BOAT.