BOAT
SonicShares Global Shipping ETF
BOAT tracks a modified market-cap-weighted index of globally-listed companies engaged in maritime shipping.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 75.6 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Inception date | Aug 04, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ORIENT OVERSEAS INTL LTD | 5.2 % |
| FRONTLINE LTD. | 5.2 % |
| HYUNDAI MERCHANT MARINE | 5.1 % |
| SITC INTERNATIONAL HOLDINGS | 5.0 % |
| KAWASAKI KISEN KAISHA LTD | 5.0 % |
| MITSUI OSK LINES LTD | 4.8 % |
| MATSON INC | 4.6 % |
| A.P. MOLLER - MAERSK A/S CLASS B | 4.5 % |
| INTERNATIONAL SEAWAYS, INC. | 4.3 % |
| HAPAG-LLOYD AG | 4.1 % |
Constituent Breakdown
| Number of holdings | 47 |
| Herfindahl-Hirschman Index | 349 |
| Wgt avg mkt cap (mns) | $6,468 |
| Large cap (>$10bn) | 28.8% |
| Mid cap ($2-10bn) | 50.3% |
| Small cap (<$2bn) | 18.2% |
| Developed mkts. | 86.0% |
| Emerging mkts. | 11.4% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 16.8 % |
 |
HONG KONG | 11.5 % |
 |
JAPAN | 10.5 % |
 |
BERMUDA | 8.9 % |
 |
NORWAY | 7.9 % |
 |
SOUTH KOREA | 6.1 % |
 |
DENMARK | 5.5 % |
 |
CHINA | 5.3 % |
 |
MONACO | 5.0 % |
 |
GREECE | 4.6 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.1% | 33.3% | 1.8% | 13.3% | -- | -- | -- | 9.3% |
| Dividend Yield | 4.5% | 11.0% | 11.7% | 11.5% | -- | -- | -- | 12.6% |
| Total Returns | 24.6% | 44.3% | 13.5% | 24.7% | -- | -- | -- | 21.9% | Ann. Volatility | 23.2% | 20.0% | 23.5% | 22.3% | -- | -- | -- | 25.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.57 | 13% |
| MSCI EAFE | 0.58 | 20% |
| MSCI Emg Mkts | 0.33 | 14% |
Liquidity Measures
| Avg. volume (000) | 18 |
| ADV traded (mns) | $1 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.67% |
Technical Indicators
| 30d moving avg. (EMA) | $40.35 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.36/0.09 |
| Bollinger Bands (Upper/Lower) | $42.41/$37.71 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BOAT |
Expenses vs. BOAT |
ALTAR Score™ vs. BOAT |
|---|---|---|---|---|
| HULL | Corgi Shipping & Global Logistics ETF | 29.8% | -34 bp | -11.6% |
Risk and Returns: BOAT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/22/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
19.3%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 735 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.6%. BOAT's ALTAR Score™ is approximately 5.6 standard
deviations above the category average. This places BOAT in the 99th percentile
among funds in the category.
Sell-Side Consensus
$38.66
PRICE TARGET
-9.3%
UPSIDE
Bid/Ask Spreads
67 bp
AVG SPREAD
18 —
144 bp
RANGE