BOAT vs SPXN
Comparison between SONICSHARES GLOBAL SHIPPING ETF (BOAT, ETF) and PROSHARES S&P 500 EX-FINANCIALS ETF (SPXN, ETF).
5-Year PerformanceBOAT has outperformed SPXN, delivering a return of +23.5% compared to +14.2%
BOAT vs SPXN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BOAT
$79M
SPXN
$79M
Expense Ratio
BOAT
0.69%
Winner
SPXN
0.09%
Max Drawdown
BOAT
42.01%
Winner
SPXN
32.10%
Sharpe Ratio
Winner
BOAT
2.05
SPXN
1.81
5Y Beta
Winner
BOAT
0.68
SPXN
1.01
P/E Ratio
BOAT
N/A
SPXN
32.35
Forward P/E
BOAT
N/A
SPXN
22.93
5Y Dividends CAGR
BOAT
N/A
SPXN
10.46%
5Y EPS CAGR
BOAT
N/A
SPXN
28.68%
Debt to Equity
BOAT
N/A
SPXN
27.57%
P/S Ratio
BOAT
N/A
SPXN
3.82
P/B Ratio
BOAT
N/A
SPXN
7.20
BOAT vs SPXN - Holdings Comparison
BOAT and SPXN have 1 common holdings. Overlap is -5.43%
BOAT's top 25 holdings weight is 85.20%. SPXN's top 25 holdings weight is 58.29%.
| Rank | BOAT | SPXN |
|---|---|---|
| #1 | US DOLLARS (n/a) - 6.48% | NVIDIA CORP (NVDA) - 9.53% |
| #2 | FRONTLINE PLC (FRO) - 5.85% | APPLE INC (AAPL) - 8.15% |
| #3 | MATSON INC (MATX) - 5.14% | MICROSOFT CORP (MSFT) - 5.77% |
| #4 | SITC INTERNATIONAL HOLDINGS CO LTD (n/a) - 5.06% | AMAZON.COM INC (AMZN) - 4.41% |
| #5 | A P MOLLER MAERSK AS CLASS B (n/a) - 4.82% | BROADCOM INC (AVGO) - 4.02% |
| #6 | MITSUI O.S.K. LINES LTD (n/a) - 4.69% | ALPHABET INC CLASS A (GOOGL) - 3.71% |
| #7 | KAWASAKI KISEN KAISHA LTD (n/a) - 4.65% | ALPHABET INC CLASS C (GOOG) - 2.95% |
| #8 | SCORPIO TANKERS INC (STNG) - 4.21% | META PLATFORMS INC CLASS A (META) - 2.30% |
| #9 | ORIENT OVERSEAS (INTERNATIONAL) LTD (n/a) - 4.11% | MICRON TECHNOLOGY INC (MU) - 2.11% |
| #10 | HAFNIA LTD ORDINARY SHARES (n/a) - 4.08% | TESLA INC (TSLA) - 2.10% |
| #11 | WALLENIUS WILHELMSEN ASA SHS OPPSTARTSFASE 1 (n/a) - 3.95% | ADVANCED MICRO DEVICES INC (AMD) - 1.50% |
| #12 | HMM (n/a) - 3.76% | ELI LILLY AND CO (LLY) - 1.48% |
| #13 | COSCO SHIPPING HOLDINGS CO LTD CLASS H (n/a) - 3.31% | EXXON MOBIL CORP (XOM) - 1.10% |
| #14 | CMB.TECH NV (n/a) - 3.28% | JOHNSON & JOHNSON (JNJ) - 0.95% |
| #15 | INTERNATIONAL SEAWAYS INC (INSW) - 2.89% | CISCO SYSTEMS INC (CSCO) - 0.89% |
| #16 | STAR BULK CARRIERS CORP (SBLK) - 2.32% | INTEL CORP (INTC) - 0.89% |
| #17 | ZIM INTEGRATED SHIPPING SERVICES LTD ORDINARY SHARES (ZIM) - 2.25% | WALMART INC (WMT) - 0.87% |
| #18 | TORM PLC CLASS A (n/a) - 2.13% | COSTCO WHOLESALE CORP (COST) - 0.75% |
| #19 | HOEGH AUTOLINERS ASA (n/a) - 2.10% | LAM RESEARCH CORP (LRCX) - 0.74% |
| #20 | DHT HOLDINGS INC (DHT) - 1.95% | CATERPILLAR INC (CAT) - 0.74% |
| #21 | COSCO SHIPPING ENERGY TRANSPORTATION CO LTD CLASS H (n/a) - 1.85% | ORACLE CORP (ORCL) - 0.73% |
| #22 | DANAOS CORP (DAC) - 1.74% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #23 | PACIFIC BASIN SHIPPING LTD (n/a) - 1.60% | ABBVIE INC (ABBV) - 0.67% |
| #24 | TEEKAY TANKERS LTD CLASS A (TNK) - 1.56% | NETFLIX INC (NFLX) - 0.62% |
| #25 | HAPAG-LLOYD AG (n/a) - 1.42% | CHEVRON CORP (CVX) - 0.62% |
| Total Holdings | 54 | 398 |
BOAT vs SPXN - Historical Returns
Returns include dividend reinvestment.
1M
BOAT
-4.24%
Winner
SPXN
-0.42%
3M
BOAT
+0.44%
Winner
SPXN
+9.57%
6M
Winner
BOAT
+30.04%
SPXN
+9.66%
1Y
Winner
BOAT
+49.62%
SPXN
+27.77%
5Y(CAGR)
Winner
BOAT
+23.51%
SPXN
+14.20%
10Y(CAGR)
BOAT
N/A
SPXN
+15.88%
Max(CAGR)
Winner
BOAT
+23.51%
SPXN
+15.73%
BOAT vs SPXN - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | BOAT | SPXN |
|---|---|---|
| 2026 | +31.43% | +9.96% |
| 2025 | +20.36% | +18.96% |
| 2024 | +4.07% | +25.34% |
| 2023 | +26.90% | +29.18% |
| 2022 | +3.59% | -19.22% |
| 2021 | +23.18% | +28.89% |
| 2020 | N/A | +21.06% |
| 2019 | N/A | +30.83% |
| 2018 | N/A | -3.87% |
| 2017 | N/A | +20.84% |
| 2016 | N/A | +9.38% |
| 2015 | N/A | +8.82% |
BOAT vs SPXN Drawdown Comparison
The maximum drawdown for BOAT was -33.94%, occurring on Apr 8, 2025. Recovery took 320 trading sessions.
The maximum drawdown for SPXN was -32.10%, occurring on Mar 23, 2020. Recovery took 105 trading sessions.
The current BOAT drawdown is -5.68%. The current SPXN drawdown is -3.75%.
| Rank | BOAT | SPXN |
|---|---|---|
| #1 | -33.94% Jun 3, 2024 - Sep 12, 2025 | -32.10% Feb 19, 2020 - Jul 20, 2020 |
| #2 | -31.05% May 27, 2022 - Dec 18, 2023 | -24.46% Dec 29, 2021 - Dec 8, 2023 |
| #3 | -16.68% Sep 16, 2021 - Jan 4, 2022 | -19.56% Feb 19, 2025 - Jun 26, 2025 |
| #4 | -15.28% Mar 18, 2022 - May 23, 2022 | -18.59% Sep 26, 2018 - Apr 1, 2019 |
| #5 | -11.59% Sep 17, 2025 - Jan 7, 2026 | -11.83% Dec 22, 2015 - May 11, 2016 |
| #6 | -10.78% Mar 2, 2026 - May 5, 2026 | -9.77% Sep 2, 2020 - Nov 16, 2020 |
| #7 | -10.19% Jan 14, 2022 - Feb 9, 2022 | -9.26% Jan 28, 2026 - Apr 14, 2026 |
| #8 | -7.60% May 20, 2026 - May 29, 2026 | -9.22% Jul 16, 2024 - Sep 19, 2024 |
| #9 | -7.47% Jan 5, 2024 - Apr 26, 2024 | -7.06% Apr 30, 2019 - Jun 20, 2019 |
| #10 | -5.46% Aug 17, 2021 - Aug 25, 2021 | -6.25% Mar 9, 2018 - Jun 4, 2018 |
| #11 | -4.31% Dec 22, 2023 - Jan 4, 2024 | -5.94% Jul 26, 2019 - Oct 25, 2019 |
| #12 | -3.75% May 5, 2026 - May 20, 2026 | -5.72% Sep 3, 2021 - Oct 26, 2021 |
| #13 | -2.84% Jan 4, 2022 - Jan 12, 2022 | -5.56% Oct 29, 2025 - Jan 9, 2026 |
| #14 | -2.68% Mar 4, 2022 - Mar 11, 2022 | -5.50% Mar 28, 2024 - May 14, 2024 |
| #15 | -2.44% Sep 7, 2021 - Sep 10, 2021 | -5.33% Feb 12, 2021 - Mar 29, 2021 |
Correlation
Correlation between BOAT and SPXN is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
Dividend Comparison (2015 - 2026)
BOAT vs SPXN dividend yield comparison.
| Year | BOAT | SPXN |
|---|---|---|
| 2026 | 1.05% | 0.21% |
| 2025 | 8.08% | 0.98% |
| 2024 | 13.89% | 1.12% |
| 2023 | 13.65% | 1.19% |
| 2022 | 13.57% | 1.35% |
| 2021 | 1.36% | 0.94% |
| 2020 | 0.00% | 1.09% |
| 2019 | 0.00% | 1.41% |
| 2018 | 0.00% | 1.76% |
| 2017 | 0.00% | 1.54% |
| 2016 | 0.00% | 2.60% |
| 2015 | 0.00% | 0.52% |
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