SIMS vs. BOAT

Last updated Aug 2, 2026

SIMS (SPDR S&P Kensho Intelligent Structures ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - SIMS is a Global Equities fund tracking the S&P Kensho Intelligent Infrastructure Index, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. Both are passively managed. Over the past 3 years, SIMS returned 6.15%/yr vs 27.06%/yr for BOAT. Their 0.41 correlation means their historical movements had little consistent relationship. SIMS charges 0.45%/yr vs 0.69%/yr for BOAT.

Performance

SIMS vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho Intelligent Structures ETF (SIMS) 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, SIMS achieves a 5.98% return, which is significantly lower than BOAT's 44.78% return.

SIMS

• 1D: 0.31%
• 1M: -2.75%
• 6M: 0.76%
• YTD: 5.98%
• 1Y: 20.81%
• 3Y*: 6.15%
• 5Y*: 0.17%
• 10Y*: —
• ALL TIME*: 5.68%

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
SIMS SPDR S&P Kensho Intelligent Structures ETF	$11.54K	$25.32K	$26.77K

SIMS vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SIMS SPDR S&P Kensho Intelligent Structures ETF	5.98%	23.75%	-0.27%	7.43%	-27.13%	-2.31%
BOAT SonicShares Global Shipping ETF	44.78%	22.77%	5.97%	24.53%	6.26%	21.24%

Correlation

The correlation between SIMS and BOAT is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021	0.41

The correlation between SIMS and BOAT shifts across timeframes, from 0.29 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

SIMS vs. BOAT - Sectors Allocation Comparison

Sectors	SIMS	BOAT
Industrials	49.6%	29.2%
Technology	23.3%	-
Consumer Cyclical	7.0%	-
Energy	6.5%	10.3%
Utilities	5.5%	-
Communication Services	4.4%	-
Basic Materials	3.7%	-
Consumer Defensive	-	-
Financial Services	-	6.6%
Healthcare	-	-
Real Estate	-	-

Return for Risk

SIMS vs. BOAT — Risk / Return Rank

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

SIMS

SIMS Risk / Return Rank: 31
SIMS Sharpe Ratio Rank: 31
SIMS Sortino Ratio Rank: 31
SIMS Omega Ratio Rank: 30
SIMS Calmar Ratio Rank: 34
SIMS Martin Ratio Rank: 32

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.

SIMS vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Intelligent Structures ETF (SIMS) 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.

	SIMS	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	0.76	2.85	-2.09
Sortino ratio: Return per unit of downside risk	1.16	3.70	-2.54
Omega ratio: Gain probability vs. loss probability	1.14	1.46	-0.31
Calmar ratio: Return relative to maximum drawdown	1.17	5.08	-3.91
Martin ratio: Return relative to average drawdown	2.91	14.33	-11.43

SIMS vs. BOAT - Sharpe Ratio Comparison

The current SIMS Sharpe Ratio is 0.76, which is lower than the BOAT Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of SIMS 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

SIMS vs. BOAT - Drawdown Comparison

The maximum SIMS drawdown since its inception was -43.97%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SIMS and BOAT.

Drawdown Indicators

	SIMS	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-43.97%	-33.94%	-10.03%
Max Drawdown (1Y) Largest decline over 1 year	-15.79%	-11.60%	-4.19%
Max Drawdown (3Y) Largest decline over 3 years	-28.70%	-33.94%	+5.24%
Max Drawdown (5Y) Largest decline over 5 years	-43.97%	-33.94%	-10.03%
Current Drawdown Current decline from peak	-6.95%	-0.74%	-6.21%
Average Drawdown Average peak-to-trough decline	-15.87%	-9.51%	-6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.36%	4.10%	+2.26%

Volatility

SIMS vs. BOAT - Volatility Comparison

The current volatility for SPDR S&P Kensho Intelligent Structures ETF (SIMS) is 5.59%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 7.09%. This indicates that SIMS 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

	SIMS	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	7.09%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	15.34%	16.87%	-1.53%
Volatility (1Y) Calculated over the trailing 1-year period	24.52%	20.73%	+3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.26%	25.07%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.98%	25.07%	+0.91%

SIMS vs. BOAT - Expense Ratio Comparison

SIMS has a 0.45% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

SIMS vs. BOAT - Dividend Comparison

SIMS's dividend yield for the trailing twelve months is around 0.56%, less than BOAT's 6.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BOAT SonicShares Global Shipping ETF	6.35%	8.08%	13.89%	13.65%	13.57%	1.36%	0.00%	0.00%	0.00%
SIMS SPDR S&P Kensho Intelligent Structures ETF	0.56%	0.66%	0.88%	1.49%	1.48%	0.97%	0.58%	1.24%	0.85%

Frequently Asked Questions

Can I hold both SIMS and BOAT in my portfolio?

SIMS and BOAT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIMS or BOAT?

BOAT has higher volatility (7.09%) compared to SIMS (5.59%). In terms of maximum drawdown, SIMS dropped -43.97% vs BOAT's -33.94%.

Which ETF is better, SIMS or BOAT?

On 3-year performance, BOAT leads with 27.06% vs 6.15% for SIMS. On fees, SIMS is cheaper at 0.45% per year. On volatility, SIMS has been the lower-risk option at 5.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIMS or BOAT?

Over the 3-year period, BOAT has performed better with a 27.06% return vs 6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIMS or BOAT?

SIMS is cheaper with a 0.45% expense ratio, compared with 0.69% for BOAT.

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

BOAT has the higher dividend yield at 6.35%, compared with 0.56% for SIMS.

What is the main difference between SIMS and BOAT?

SIMS is categorized as Global Equities, while BOAT is Industrials Equities. SIMS tracks S&P Kensho Intelligent Infrastructure Index, while BOAT tracks Solactive Global Shipping Index. They also come from different issuers: State Street and Tidal. Their fees differ too: 0.45% for SIMS and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.85 vs 0.76), 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.