BOAT vs IVV
SonicShares Global Shipping ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. BOAT delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | BOAT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $86M | $907.0B | |
| Dividend Yield | 6.35% | 1.10% | |
| Holdings | 57 | 508 | |
| YTD Return | +60.44% | +13.22% | |
| 1Y Return | +71.43% | +21.62% | |
| 3Y Return (annualized) | +32.04% | +22.17% | |
| 5Y Return (annualized) | +26.28% | +13.42% | |
| Volatility (annualized) | 27.3% | 15.1% | |
| Max Drawdown | -33.9% | -56.5% | |
| Fund Family | Lucania Investments LLC | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Aug 3, 2021 | May 15, 2000 |
BOAT vs IVV Performance
SonicShares Global Shipping ETF (BOAT) is a ETF from Lucania Investments LLC and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BOAT returned +71.43% while IVV returned +21.62%. Year to date, BOAT is up 60.44% versus a gain of 13.22% for IVV.
Over three years, BOAT compounded at +32.04% per year against +22.17% for IVV; over five years the annualized figures are +26.28% and +13.42% respectively. Across the full 5-year window we track, BOAT has the edge at +27.45% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BOAT has been the more volatile fund, with annualized monthly volatility of 27.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.9% for BOAT and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BOAT charges 0.69% per year while IVV charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, BOAT currently yields 6.35% against 1.10% for IVV.
Holdings Overlap
BOAT and IVV share 0 holdings out of 557 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BOAT or IVV?
BOAT has an expense ratio of 0.69% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, BOAT or IVV?
Over the past year BOAT returned +71.43% vs +21.62% for IVV, so BOAT leads on 1-year performance. Over the longest common window we track (5 years), BOAT annualized +27.45% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, BOAT or IVV?
BOAT has been the more volatile fund at 27.3% annualized versus 15.1% for IVV. Worst drawdown: BOAT -33.9% vs IVV -56.5%.
Should I hold both BOAT and IVV?
BOAT and IVV have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BOAT and IVV?
BOAT and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 557 unique securities.
Which pays a higher dividend, BOAT or IVV?
BOAT yields 6.35% while IVV yields 1.10%, so BOAT currently pays the higher dividend yield.
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