WSGE vs. BOAT

Last updated Aug 2, 2026

WSGE (Warren Street Global Equity ETF) and BOAT (SonicShares Global Shipping ETF) are both exchange-traded funds - WSGE is a Global Equities fund actively managed by Alpha Architect, while BOAT is a Industrials Equities fund tracking the Solactive Global Shipping Index. WSGE is actively managed, while BOAT is passively managed. Their 0.35 correlation means their historical movements had little consistent relationship. WSGE charges 0.80%/yr vs 0.69%/yr for BOAT.

Performance

WSGE vs. BOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Warren Street Global Equity ETF (WSGE) 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, WSGE achieves a 11.90% return, which is significantly lower than BOAT's 44.78% return.

WSGE

• 1D: 0.16%
• 1M: 0.07%
• 6M: 8.66%
• YTD: 11.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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
WSGE Warren Street Global Equity ETF	$11.25K	$8.63K	$43.18K

WSGE vs. BOAT - Yearly Performance Comparison

	2026 (YTD)	2025
WSGE Warren Street Global Equity ETF	11.90%	0.11%
BOAT SonicShares Global Shipping ETF	44.78%	-1.34%

Correlation

The correlation between WSGE and BOAT is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.35

Return for Risk

WSGE vs. BOAT — Risk / Return Rank

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

WSGE

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

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.

WSGE vs. BOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Warren Street Global Equity ETF (WSGE) 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.

	WSGE	BOAT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.85	—
Sortino ratio: Return per unit of downside risk	—	3.70	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	5.08	—
Martin ratio: Return relative to average drawdown	—	14.33	—

Drawdowns

WSGE vs. BOAT - Drawdown Comparison

The maximum WSGE drawdown since its inception was -9.25%, smaller than the maximum BOAT drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for WSGE and BOAT.

Drawdown Indicators

	WSGE	BOAT	Difference
Max Drawdown Largest peak-to-trough decline	-9.25%	-33.94%	+24.69%
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	-1.00%	-0.74%	-0.26%
Average Drawdown Average peak-to-trough decline	-1.59%	-9.51%	+7.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.10%	—

Volatility

Volatility by Period

	WSGE	BOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	20.73%	-5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	25.07%	-9.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.30%	25.07%	-9.77%

WSGE vs. BOAT - Expense Ratio Comparison

WSGE has a 0.80% expense ratio, which is higher than BOAT's 0.69% expense ratio.

Dividends

WSGE vs. BOAT - Dividend Comparison

WSGE's dividend yield for the trailing twelve months is around 0.24%, less than BOAT's 6.35% yield.

Position	TTM	2025	2024	2023	2022	2021
BOAT SonicShares Global Shipping ETF	6.35%	8.08%	13.89%	13.65%	13.57%	1.36%
WSGE Warren Street Global Equity ETF	0.24%	0.27%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WSGE and BOAT in my portfolio?

WSGE and BOAT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WSGE or BOAT?

On fees, BOAT is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WSGE or BOAT?

BOAT is cheaper with a 0.69% expense ratio, compared with 0.80% for WSGE.

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

BOAT has the higher dividend yield at 6.35%, compared with 0.24% for WSGE.

What is the main difference between WSGE and BOAT?

WSGE is categorized as Global Equities, while BOAT is Industrials Equities. They also come from different issuers: Alpha Architect and Tidal. Their fees differ too: 0.80% for WSGE and 0.69% for BOAT.