WAR vs. SEA

Last updated Jul 14, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) and SEA (U.S. Global Sea to Sky Cargo ETF) are both exchange-traded funds - WAR is a Aerospace & Defense fund actively managed by US Global, while SEA is a Industrials Equities fund tracking the U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross. WAR is actively managed, while SEA is passively managed. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.60% expense ratio.

Performance

WAR vs. SEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Technology and Aerospace & Defense ETF (WAR) and U.S. Global Sea to Sky Cargo ETF (SEA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAR

• 1D: -4.30%
• 1M: -7.86%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEA

• 1D: -0.12%
• 1M: -1.59%
• 6M: 15.11%
• YTD: 21.56%
• 1Y: 28.55%
• 3Y*: 16.20%
• 5Y*: —
• 10Y*: —

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

WAR vs. SEA - Yearly Performance Comparison

	2026 (YTD)
WAR U.S. Global Technology and Aerospace & Defense ETF	-9.77%
SEA U.S. Global Sea to Sky Cargo ETF	-0.48%

Correlation

The correlation between WAR and SEA is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.07

WAR vs. SEA - Sectors Allocation Comparison

Sectors	WAR	SEA
Technology	61.4%	0.1%
Industrials	36.5%	89.6%
Financial Services	2.7%	-
Communication Services	2.2%	0.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	8.4%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WAR vs. SEA — Risk / Return Rank

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

WAR

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

SEA

SEA Risk / Return Rank: 66
SEA Sharpe Ratio Rank: 66
SEA Sortino Ratio Rank: 67
SEA Omega Ratio Rank: 60
SEA Calmar Ratio Rank: 67
SEA Martin Ratio Rank: 68

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.

WAR vs. SEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) and U.S. Global Sea to Sky Cargo ETF (SEA). 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.

	WAR	SEA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.69	—
Sortino ratio: Return per unit of downside risk	—	2.44	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.69	—
Martin ratio: Return relative to average drawdown	—	9.78	—

Drawdowns

WAR vs. SEA - Drawdown Comparison

The maximum WAR drawdown since its inception was -15.43%, smaller than the maximum SEA drawdown of -39.53%. Use the drawdown chart below to compare losses from any high point for WAR and SEA.

Drawdown Indicators

	WAR	SEA	Difference
Max Drawdown Largest peak-to-trough decline	-15.43%	-39.53%	+24.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.42%	—
Current Drawdown Current decline from peak	-15.43%	-2.45%	-12.98%
Average Drawdown Average peak-to-trough decline	-7.29%	-14.07%	+6.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.93%	—

Volatility

Volatility by Period

	WAR	SEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.13%	16.98%	+32.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.13%	21.61%	+27.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.13%	21.61%	+27.52%

WAR vs. SEA - Expense Ratio Comparison

Both WAR and SEA have an expense ratio of 0.60%.

Dividends

WAR vs. SEA - Dividend Comparison

WAR has not paid dividends to shareholders, while SEA's dividend yield for the trailing twelve months is around 5.56%.

Position	TTM	2025	2024	2023	2022
SEA U.S. Global Sea to Sky Cargo ETF	5.56%	6.76%	18.47%	9.85%	18.73%
WAR U.S. Global Technology and Aerospace & Defense ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAR and SEA in my portfolio?

WAR and SEA have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAR or SEA?

Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAR or SEA?

WAR and SEA have the same expense ratio: 0.60% per year.

Which ETF pays a higher dividend yield, WAR or SEA?

SEA has the higher dividend yield at 5.56%, compared with 0.00% for WAR.

What is the main difference between WAR and SEA?

WAR is categorized as Aerospace & Defense, while SEA is Industrials Equities.