VOLT vs. BOAT

Last updated Aug 6, 2026

VOLT (Tema Electrification ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - VOLT is a Global Equities fund actively managed by Tema, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. VOLT is actively managed, while BOAT is passively managed. Over the past year, VOLT returned 41.33% vs 50.36% for BOAT. Their 0.26 correlation means their historical movements had little consistent relationship. VOLT charges 0.75%/yr vs 0.69%/yr for BOAT.

Performance

VOLT vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) 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, VOLT achieves a 32.65% return, which is significantly lower than BOAT's 42.13% return.

VOLT

• 1D: -0.65%
• 1M: -3.18%
• 6M: 17.09%
• YTD: 32.65%
• 1Y: 41.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.57%

BOAT

• 1D: -1.60%
• 1M: 8.65%
• 6M: 25.47%
• YTD: 42.13%
• 1Y: 50.36%
• 3Y*: 26.08%
• 5Y*: 24.02%
• 10Y*: —
• ALL TIME*: 24.28%

*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	$1.73M	$1.10M	$1.06M
VOLT Tema Electrification ETF	$13.39M	$12.05M	$15.46M

VOLT vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VOLT Tema Electrification ETF	32.65%	25.92%	-8.98%
BOAT SonicShares Global Shipping ETF	42.13%	22.77%	-2.25%

Correlation

The correlation between VOLT and BOAT is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.24
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.26

VOLT vs. BOAT - Sectors Allocation Comparison

Sectors	VOLT	BOAT
Industrials	50.4%	29.2%
Utilities	28.2%	-
Technology	14.1%	-
Energy	4.7%	10.3%
Consumer Cyclical	2.6%	-
Basic Materials	1.4%	-
Financial Services	0.5%	6.6%
Communication Services	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

VOLT vs. BOAT — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 60
VOLT Sharpe Ratio Rank: 63
VOLT Sortino Ratio Rank: 57
VOLT Omega Ratio Rank: 56
VOLT Calmar Ratio Rank: 60
VOLT Martin Ratio Rank: 66

BOAT

BOAT Risk / Return Rank: 87
BOAT Sharpe Ratio Rank: 90
BOAT Sortino Ratio Rank: 88
BOAT Omega Ratio Rank: 84
BOAT Calmar Ratio Rank: 91
BOAT Martin Ratio Rank: 82

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.

VOLT vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) 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.

	VOLT	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.46	-0.76
Sortino ratio: Return per unit of downside risk	2.25	3.26	-1.01
Omega ratio: Gain probability vs. loss probability	1.29	1.40	-0.11
Calmar ratio: Return relative to maximum drawdown	2.41	4.36	-1.95
Martin ratio: Return relative to average drawdown	8.99	12.30	-3.31

VOLT vs. BOAT - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 1.69, which is lower than the BOAT Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of VOLT 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

VOLT vs. BOAT - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for VOLT and BOAT.

Drawdown Indicators

	VOLT	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-33.94%	+10.54%
Max Drawdown (1Y) Largest decline over 1 year	-17.22%	-11.60%	-5.62%
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	-8.75%	-2.56%	-6.19%
Average Drawdown Average peak-to-trough decline	-5.36%	-9.49%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	4.11%	+0.50%

Volatility

VOLT vs. BOAT - Volatility Comparison

Tema Electrification ETF (VOLT) has a higher volatility of 9.55% compared to SonicShares Global Shipping ETF (BOAT) at 6.75%. This indicates that VOLT's price experiences larger fluctuations and is considered to be riskier than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOLT	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.55%	6.75%	+2.80%
Volatility (6M) Calculated over the trailing 6-month period	21.18%	16.96%	+4.22%
Volatility (1Y) Calculated over the trailing 1-year period	24.55%	20.71%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.47%	25.03%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.47%	25.06%	+0.41%

VOLT vs. BOAT - Expense Ratio Comparison

VOLT has a 0.75% expense ratio, which is higher than BOAT's 0.69% expense ratio.

Dividends

VOLT vs. BOAT - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.34%, less than BOAT's 6.47% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.47%	8.08%	13.89%	13.65%	13.57%	1.36%
VOLT Tema Electrification ETF	0.34%	0.46%	0.01%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VOLT and BOAT in my portfolio?

VOLT and BOAT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOLT or BOAT?

VOLT has higher volatility (9.55%) compared to BOAT (6.75%). In terms of maximum drawdown, VOLT dropped -23.40% vs BOAT's -33.94%.

Which ETF is better, VOLT or BOAT?

On 1-year performance, BOAT leads with 50.36% vs 41.33% for VOLT. On fees, BOAT is cheaper at 0.69% per year. On volatility, BOAT has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOLT or BOAT?

Over the 1-year period, BOAT has performed better with a 50.36% return vs 41.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOLT or BOAT?

BOAT is cheaper with a 0.69% expense ratio, compared with 0.75% for VOLT.

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

BOAT has the higher dividend yield at 6.47%, compared with 0.34% for VOLT.

What is the main difference between VOLT and BOAT?

VOLT is categorized as Global Equities, while BOAT is Industrials Equities. They also come from different issuers: Tema and Tidal. Their fees differ too: 0.75% for VOLT and 0.69% for BOAT.

Which has better risk-adjusted returns?

BOAT currently has the higher Sharpe Ratio (2.46 vs 1.69), 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.