THMZ vs. BOAT

Last updated Aug 4, 2026

THMZ (Lazard Equity Megatrends ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - THMZ is a Global Equities fund actively managed by Lazard, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. THMZ is actively managed, while BOAT is passively managed. Over the past year, THMZ returned 13.86% vs 59.66% for BOAT. Their 0.32 correlation means their historical movements had little consistent relationship. THMZ charges 0.50%/yr vs 0.69%/yr for BOAT.

Performance

THMZ vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Equity Megatrends ETF (THMZ) 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, THMZ achieves a 5.16% return, which is significantly lower than BOAT's 45.07% return.

THMZ

• 1D: 0.89%
• 1M: 1.62%
• 6M: 5.67%
• YTD: 5.16%
• 1Y: 13.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.54%

BOAT

• 1D: 0.20%
• 1M: 13.47%
• 6M: 27.28%
• YTD: 45.07%
• 1Y: 59.66%
• 3Y*: 26.95%
• 5Y*: 25.20%
• 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	$1.71M	$1.08M	$1.06M
THMZ Lazard Equity Megatrends ETF	$75.28K	$59.75K	$63.41K

THMZ vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025
THMZ Lazard Equity Megatrends ETF	5.16%	31.18%
BOAT SonicShares Global Shipping ETF	45.07%	46.88%

Correlation

The correlation between THMZ and BOAT is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.32

Return for Risk

THMZ vs. BOAT — Risk / Return Rank

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

THMZ

THMZ Risk / Return Rank: 30
THMZ Sharpe Ratio Rank: 31
THMZ Sortino Ratio Rank: 31
THMZ Omega Ratio Rank: 29
THMZ Calmar Ratio Rank: 26
THMZ Martin Ratio Rank: 31

BOAT

BOAT Risk / Return Rank: 93
BOAT Sharpe Ratio Rank: 95
BOAT Sortino Ratio Rank: 94
BOAT Omega Ratio Rank: 92
BOAT Calmar Ratio Rank: 94
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.

THMZ vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Megatrends ETF (THMZ) 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.

	THMZ	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.90	-2.08
Sortino ratio: Return per unit of downside risk	1.24	3.75	-2.51
Omega ratio: Gain probability vs. loss probability	1.15	1.46	-0.31
Calmar ratio: Return relative to maximum drawdown	0.87	5.17	-4.30
Martin ratio: Return relative to average drawdown	3.08	14.58	-11.50

THMZ vs. BOAT - Sharpe Ratio Comparison

The current THMZ Sharpe Ratio is 0.82, which is lower than the BOAT Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of THMZ 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

THMZ vs. BOAT - Drawdown Comparison

The maximum THMZ drawdown since its inception was -15.99%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for THMZ and BOAT.

Drawdown Indicators

	THMZ	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-15.99%	-33.94%	+17.95%
Max Drawdown (1Y) Largest decline over 1 year	-15.99%	-11.60%	-4.39%
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	0.00%	-0.54%	+0.54%
Average Drawdown Average peak-to-trough decline	-2.53%	-9.51%	+6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	4.10%	+0.40%

Volatility

THMZ vs. BOAT - Volatility Comparison

The current volatility for Lazard Equity Megatrends ETF (THMZ) is 5.08%, while SonicShares Global Shipping ETF (BOAT) has a volatility of 6.64%. This indicates that THMZ 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

	THMZ	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	6.64%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	16.86%	-2.71%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	20.72%	-3.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.94%	25.06%	-6.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	25.06%	-6.12%

THMZ vs. BOAT - Expense Ratio Comparison

THMZ has a 0.50% expense ratio, which is lower than BOAT's 0.69% expense ratio.

Dividends

THMZ vs. BOAT - Dividend Comparison

THMZ's dividend yield for the trailing twelve months is around 0.23%, less than BOAT's 6.34% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.34%	8.08%	13.89%	13.65%	13.57%	1.36%
THMZ Lazard Equity Megatrends ETF	0.23%	0.30%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THMZ and BOAT in my portfolio?

THMZ and BOAT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THMZ or BOAT?

BOAT has higher volatility (6.64%) compared to THMZ (5.08%). In terms of maximum drawdown, THMZ dropped -15.99% vs BOAT's -33.94%.

Which ETF is better, THMZ or BOAT?

On 1-year performance, BOAT leads with 59.66% vs 13.86% for THMZ. On fees, THMZ is cheaper at 0.50% per year. On volatility, THMZ has been the lower-risk option at 5.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THMZ or BOAT?

Over the 1-year period, BOAT has performed better with a 59.66% return vs 13.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THMZ or BOAT?

THMZ is cheaper with a 0.50% expense ratio, compared with 0.69% for BOAT.

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

BOAT has the higher dividend yield at 6.34%, compared with 0.23% for THMZ.

What is the main difference between THMZ and BOAT?

THMZ is categorized as Global Equities, while BOAT is Industrials Equities. They also come from different issuers: Lazard and Tidal. Their fees differ too: 0.50% for THMZ and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.90 vs 0.82), 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.