ETF Evaluator:
US Global Sea to Sky Cargo 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
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ETF Details
US Global Sea to Sky Cargo ETF Overview
US Global Sea to Sky Cargo ETF (SEA) is a passively managed Sector Equity Industrials exchange-traded fund (ETF). U.S. Global Investors launched the ETF in 2022.
The investment seeks to track the performance, before fees and expenses, of the U.S. Global Sea to Sky Cargo Index.
The index is composed of the exchange-listed common stock (or depositary receipts) of marine shipping, air freight and courier, and port and harbor operating companies of any size across the globe in developed or emerging markets. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in Cargo Companies.
About US Global Sea to Sky Cargo ETF (SEA)
There are 2 members of the management team with an average tenure of 4.53 years: Ralph Aldis (2022) and Frank Holmes (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and U.S. Global Sea to Sky Cargo TR USD index with a weighting of 100%. US Global Sea to Sky Cargo ETF has 34 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 diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
US Global Sea to Sky Cargo ETF is part of the Equity global asset class and is within the Sector Equity ETF group. US Global Sea to Sky Cargo ETF has 75.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 23.9% There is 75.1% 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). US Global Sea to Sky Cargo ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $15 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.
SEA 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 US Global Sea to Sky Cargo ETF expense ratio is above average compared to funds in the Industrials category. US Global Sea to Sky Cargo ETF has an expense ratio of 0.60%, which is 18% higher than its category average, making the fund expense ratio grade a D. 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. US Global Sea to Sky Cargo ETF has a portfolio turnover rate of 124%, 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, US Global Sea to Sky Cargo ETF returned 14.0%, 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.
US Global Sea to Sky Cargo ETF has a trailing yield of 5.17%, which is above the 1.11% category average.
The fund normally distributes its income annually and its capital gains annually.
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.
US Global Sea to Sky Cargo ETF Grades
Year to date, the ETF has returned 30.2%, 17.6 percentage points better than the category, which translates into a grade of A. The fund has returned 39.7% over the past year (grade of A) and 17.9% over the past three years (grade of C).
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SEA 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 |
|
| SEA Return (NAV) | 14.0% | 7.0% | 39.7% | 17.9% | na | na |
| SEA Return (Price) | 13.8% | 6.2% | 39.8% | 17.7% | na | na |
| NAV +/- Price Return | 0.186% | 0.810% | -0.101% | 0.202% | na | na |
| Industrials Avg | -4.0% | -1.4% | 24.7% | 17.8% | 11.5% | 13.6% |
| SEA Grade (NAV) | A | B | A | C | na | na |
| +/- Category (NAV) | 18.0% | 8.4% | 15.0% | 0.1% | na | na |
| SEA Tax-Cost Ratio | na | na | 2.6% | 4.2% | na | na |
SEA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SEA Return (NAV) | 30.2% | 17.4% | 2.1% | 19.1% | na | na | na | na | na | na | na |
| SEA Return (Price) | 30.5% | 16.8% | 2.2% | 19.1% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.011% | -0.034% | 0.048% | 0.003% | na | 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% |
| SEA Grade (NAV) | A | D | F | D | na | na | na | na | na | na | na |
| +/- Category | 17.6% | -9.7% | -12.1% | -2.4% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.46 |
| R-Squared: | 9% |
| Standard Deviation: | 19.4% |
| Category Risk Index: | 0.95 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.58 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 5.2% |
| Total Assets: | $ 16 Mil |
| Share Class Assets: | $ 16 Mil |
| Turnover: | 124.0% |
| Expense Ratio: | 0.60% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.5 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Aldis Ralph (2022), Holmes Frank (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 34 |
| % in Top 10 Holdings: | 47.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 75.1% |
Portfolio Allocation |
|
| Domestic Stock: | 23.9% |
| Foreign Stock: | 75.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | U.S. Global Investors |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | January 19, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.60% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.51% |
