BOAT vs SSK

Comparison between SONICSHARES GLOBAL SHIPPING ETF (BOAT, ETF) and REX-OSPREY(TM) SOL + STAKING ETF (SSK, ETF).

BOAT vs SSK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BOAT(ETF)	SSK(ETF)
Net Assets	$79M	$79M
Expense Ratio	0.69%	0.75%
Max Drawdown	42.01%	77.63%
Sharpe Ratio	2.05	-1.00
5Y Beta	0.68	2.62

Net Assets

BOAT

$79M

SSK

$79M

Expense Ratio

Winner

BOAT

0.69%

SSK

0.75%

Max Drawdown

Winner

BOAT

42.01%

SSK

77.63%

Sharpe Ratio

Winner

BOAT

2.05

SSK

-1.00

5Y Beta

Winner

BOAT

0.68

SSK

2.62

BOAT vs SSK - Holdings Comparison

BOAT and SSK have 1 common holdings. Overlap is 0.13%

BOAT's top 25 holdings weight is 85.20%. SSK's top 25 holdings weight is 0.13%.

Rank	BOAT	SSK
#1	US DOLLARS (n/a) - 6.48%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.13%
#2	FRONTLINE PLC (FRO) - 5.85%	N/A
#3	MATSON INC (MATX) - 5.14%	N/A
#4	SITC INTERNATIONAL HOLDINGS CO LTD (n/a) - 5.06%	N/A
#5	A P MOLLER MAERSK AS CLASS B (n/a) - 4.82%	N/A
#6	MITSUI O.S.K. LINES LTD (n/a) - 4.69%	N/A
#7	KAWASAKI KISEN KAISHA LTD (n/a) - 4.65%	N/A
#8	SCORPIO TANKERS INC (STNG) - 4.21%	N/A
#9	ORIENT OVERSEAS (INTERNATIONAL) LTD (n/a) - 4.11%	N/A
#10	HAFNIA LTD ORDINARY SHARES (n/a) - 4.08%	N/A
#11	WALLENIUS WILHELMSEN ASA SHS OPPSTARTSFASE 1 (n/a) - 3.95%	N/A
#12	HMM (n/a) - 3.76%	N/A
#13	COSCO SHIPPING HOLDINGS CO LTD CLASS H (n/a) - 3.31%	N/A
#14	CMB.TECH NV (n/a) - 3.28%	N/A
#15	INTERNATIONAL SEAWAYS INC (INSW) - 2.89%	N/A
#16	STAR BULK CARRIERS CORP (SBLK) - 2.32%	N/A
#17	ZIM INTEGRATED SHIPPING SERVICES LTD ORDINARY SHARES (ZIM) - 2.25%	N/A
#18	TORM PLC CLASS A (n/a) - 2.13%	N/A
#19	HOEGH AUTOLINERS ASA (n/a) - 2.10%	N/A
#20	DHT HOLDINGS INC (DHT) - 1.95%	N/A
#21	COSCO SHIPPING ENERGY TRANSPORTATION CO LTD CLASS H (n/a) - 1.85%	N/A
#22	DANAOS CORP (DAC) - 1.74%	N/A
#23	PACIFIC BASIN SHIPPING LTD (n/a) - 1.60%	N/A
#24	TEEKAY TANKERS LTD CLASS A (TNK) - 1.56%	N/A
#25	HAPAG-LLOYD AG (n/a) - 1.42%	N/A
Total Holdings	54	1

BOAT vs SSK - Historical Returns

Returns include dividend reinvestment.

Period	BOAT	SSK
1 month	-4.11%	-27.13%
3 months	+0.57%	-21.02%
6 months	+29.58%	-47.81%
1 year	+49.82%	-57.64%
5 years(CAGR)	+23.56%	N/A
Max(CAGR)	+23.56%	-60.15%

Winner

BOAT

-4.11%

SSK

-27.13%

Winner

BOAT

+0.57%

SSK

-21.02%

Winner

BOAT

+29.58%

SSK

-47.81%

Winner

BOAT

+49.82%

SSK

-57.64%

5Y(CAGR)

BOAT

+23.56%

SSK

N/A

Max(CAGR)

Winner

BOAT

+23.56%

SSK

-60.15%

BOAT vs SSK - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	BOAT	SSK
2026	+31.61%	-46.93%
2025	+20.36%	-24.49%
2024	+4.07%	N/A
2023	+26.90%	N/A
2022	+3.59%	N/A
2021	+23.18%	N/A

BOAT vs SSK Drawdown Comparison

The maximum drawdown for BOAT was -33.94%, occurring on Apr 8, 2025. Recovery took 320 trading sessions.

The maximum drawdown for SSK was -73.31%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current BOAT drawdown is -5.55%. The current SSK drawdown is -71.57%.

Rank	BOAT	SSK
#1	-33.94% Jun 3, 2024 - Sep 12, 2025	-73.31% Sep 18, 2025 - Jun 5, 2026
#2	-31.05% May 27, 2022 - Dec 18, 2023	-14.64% Jul 22, 2025 - Aug 13, 2025
#3	-16.68% Sep 16, 2021 - Jan 4, 2022	-9.88% Aug 13, 2025 - Aug 27, 2025
#4	-15.28% Mar 18, 2022 - May 23, 2022	-4.19% Sep 3, 2025 - Sep 8, 2025
#5	-11.59% Sep 17, 2025 - Jan 7, 2026	-3.74% Sep 12, 2025 - Sep 18, 2025
#6	-10.78% Mar 2, 2026 - May 5, 2026	-2.86% Jul 2, 2025 - Jul 9, 2025
#7	-10.19% Jan 14, 2022 - Feb 9, 2022	-2.85% Aug 28, 2025 - Sep 3, 2025
#8	-7.60% May 20, 2026 - May 29, 2026	-2.22% Jul 11, 2025 - Jul 16, 2025
#9	-7.47% Jan 5, 2024 - Apr 26, 2024	-0.68% Jul 16, 2025 - Jul 18, 2025
#10	-5.46% Aug 17, 2021 - Aug 25, 2021	N/A
#11	-4.31% Dec 22, 2023 - Jan 4, 2024	N/A
#12	-3.75% May 5, 2026 - May 20, 2026	N/A
#13	-2.84% Jan 4, 2022 - Jan 12, 2022	N/A
#14	-2.68% Mar 4, 2022 - Mar 11, 2022	N/A
#15	-2.44% Sep 7, 2021 - Sep 10, 2021	N/A

Correlation

Correlation between BOAT and SSK is -0.91 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.91

-101