ETF Evaluator:
SonicShares™ Global Shipping ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Industrials Over the Last Year
| 115.3% | Leverage Shares 2X Long UNH Daily ETF (UNHG) |
| 63.0% | Stt Strt® SPDR® S&PKenshoFnlFrntrsETF (ROKT) |
| 58.9% | SonicShares™ Global Shipping ETF (BOAT) |
| 45.9% | Aztlan NA Nearshoring Stk Sel ETF (NRSH) |
| 39.7% | US Global Sea to Sky Cargo ETF (SEA) |
Risk
Index
Risk
Index
ETF Details
SonicShares™ Global Shipping ETF Overview
SonicShares™ Global Shipping ETF (BOAT) is a passively managed Sector Equity Industrials exchange-traded fund (ETF). SonicShares launched the ETF in 2021.
The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index.
The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund’s investment adviser believes will help it track the index. The fund is non-diversified.
About SonicShares™ Global Shipping ETF (BOAT)
There are 2 members of the management team with an average tenure of 4.99 years: Michael Venuto (2021) and Charles Ragauss (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) index with a weighting of 100% and Solactive Gbl Shipping index with a weighting of 100%. SonicShares™ Global Shipping ETF has 57 securities in its portfolio. The top 10 holdings constitute 47.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
SonicShares™ Global Shipping ETF is part of the Equity global asset class and is within the Sector Equity ETF group. SonicShares™ Global Shipping ETF has 80.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 19.2% There is 80.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SonicShares™ Global Shipping ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $78 million in total assets, which is below the $1 billion average for the Industrials category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BOAT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SonicShares™ Global Shipping ETF expense ratio is above average compared to funds in the Industrials category. SonicShares™ Global Shipping ETF has an expense ratio of 0.69%, which is 35% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. SonicShares™ Global Shipping ETF has a portfolio turnover rate of 25%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Industrials category.
Recently, in the month of July 2026, SonicShares™ Global Shipping ETF returned 16.8%, which earned it a grade of A, as the Industrials category had an average return of -4.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
SonicShares™ Global Shipping ETF has a trailing yield of 6.35%, which is above the 1.11% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
SonicShares™ Global Shipping ETF Grades
Year to date, the ETF has returned 45.4%, 32.8 percentage points better than the category, which translates into a grade of A. The fund has returned 58.9% over the past year (grade of A) and 27.0% over the past three years (grade of B).
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BOAT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BOAT Return (NAV) | 16.8% | 9.5% | 58.9% | 27.0% | na | na |
| BOAT Return (Price) | 16.2% | 9.1% | 58.7% | 26.8% | na | na |
| NAV +/- Price Return | 0.542% | 0.408% | 0.200% | 0.252% | na | na |
| Industrials Avg | -4.0% | -1.4% | 24.7% | 17.8% | 11.5% | 13.6% |
| BOAT Grade (NAV) | A | A | A | B | na | na |
| +/- Category (NAV) | 20.7% | 10.9% | 34.2% | 9.3% | na | na |
| BOAT Tax-Cost Ratio | na | na | 3.2% | 3.8% | na | na |
BOAT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BOAT Return (NAV) | 45.4% | 22.6% | 5.4% | 25.2% | 6.1% | na | na | na | na | na | na |
| BOAT Return (Price) | 44.8% | 22.8% | 6.0% | 24.4% | 6.3% | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.012% | 0.011% | 0.100% | -0.031% | 0.040% | na | na | na | na | na | na |
| Industrials Avg | 12.6% | 27.1% | 14.2% | 21.4% | -12.8% | 20.7% | 15.4% | 30.3% | -13.4% | 22.8% | 22.1% |
| BOAT Grade (NAV) | A | C | D | B | A | na | na | na | na | na | na |
| +/- Category | 32.8% | -4.5% | -8.8% | 3.8% | 18.9% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.38 |
| R-Squared: | 4% |
| Standard Deviation: | 23.0% |
| Category Risk Index: | 1.12 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.87 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 6.4% |
| Total Assets: | $ 78 Mil |
| Share Class Assets: | $ 78 Mil |
| Turnover: | 25.0% |
| Expense Ratio: | 0.69% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.0 years | |||
| Average Tenure: 5.0 years | |||
| Managers (Year): Venuto Michael (2021), Ragauss Charles (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 57 |
| % in Top 10 Holdings: | 47.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 80.2% |
Portfolio Allocation |
|
| Domestic Stock: | 19.2% |
| Foreign Stock: | 80.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | SonicShares |
| Phone Number: | 833-378-0717 |
| Website: | |
| Inception Date: | August 3, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.69% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.51% |
