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BOAT vs XTN

SonicShares Global Shipping ETF

BOATDNYSE Arca

State Street SPDR S&P Transportation ETF

XTNBNYSE Arca

Overlap

Expense ratio

XTN −0.34pt a year

BOAT0.69%XTN0.35%

Avg volume · 30D

BOAT 1.2×the volume

BOAT83.8KXTN71.3K

5Y return · a year

BOAT +24.7pt

BOAT+27.3%XTN+2.6%

BOAT vs XTN Performance

Oct 29, 2021 – Oct 30, 2026

+233.8%BOAT+13.7%XTN

Oct 29, 2021 to Oct 30, 2026. BOAT +233.8%. XTN +13.7%. Use the arrow keys to read each point.50%100%150%200%Oct 2021Apr 2024Oct 2026
Expense ratio
BOAT 0.69%
XTN 0.35%, better
Fund size
BOAT $160M
XTN $216M
1Y total return
BOAT +79.0%, better
XTN +17.0%
Yield (12M)
BOAT 5.73%, better
XTN 0.76%
Holdings
BOAT 56
XTN 45
Avg volume (30D)
BOAT 83.8K sh, better
XTN 71.3K sh
NAV per share
BOAT $52.79
XTN $99.31
52W range

ETF.net Grade

BOAT: Cost 8, Risk 60, Mission not scored, Tradability 30, Holdings 67, Durability 48. XTN: Cost 79, Risk 27, Mission 56, Tradability 60, Holdings 86, Durability 70.
Pillar letters and Scores for BOAT, XTN, with each pillar’s weight
PillarBOATXTN
Cost30% weightF8A79Higher
Mission25% weightNot scoredB56
Risk15% weightB60HigherD27
Tradability15% weightD30B60Higher
Holdings10% weightB67A86Higher
Durability5% weightC48A70Higher

Rank among Transportation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BOAT and XTN are both graded against the same 8 Transportation funds, so their Grades compare head to head.

Transportation⁠

Category · 8 funds
See all 8 ›

XTN ranks 1st and BOAT 8th of 8 funds in the Transportation Category.

  1. Rank 1BXTNState Street SPDR S&P Transportation ETFScore 65
  2. Rank 2BIYTiShares U.S. Transportation ETFScore 56
  3. Rank 5CJETSU.S. Global Jets ETFScore 40
  4. Rank 8DBOATSonicShares Global Shipping ETFScore 33

Our read on each fund

ETF.net Research

BOATDSonicShares Global Shipping ETF

XTNBState Street SPDR S&P Transportation ETF

In short

BOAT The transportation aisle is mostly trucks, rails and planes. BOAT owns the boats: roughly 50 global container, dry bulk and tanker names that haul world trade, held through one passive shipping index.

XTN Transportation, sliced evenly. XTN spreads roughly 40 airlines, truckers, railroads and freight names across a modified equal-weight index, so small caps get a real vote instead of a rounding error.

Stated mandate

BOAT The Fund seeks to track the Solactive Global Shipping Index before fees and expenses using a passive indexing approach.

XTN The fund seeks to track, before fees and expenses, the total return performance of the S&P Transportation Select Industry Index.

Why people hold it

  • BOAT Pure-play maritime: container ships, dry bulk carriers and tankers in one ticker, the slice of global trade that truck-and-rail transport funds barely hold.globenewswire.com
  • Rules-based and passive. It tracks the Solactive Global Shipping Index, so the book follows published index rules rather than a manager's hunch.
  • Global by mandate, which matters in an industry where most shipowners list far from New York.globenewswire.com
  • Distributions run on a quarterly cadence, and the portfolio stays compact at roughly 50 names.
  • XTN Cheapest fare in the transportation aisle: 0.35% a year, against a 0.60% median for the peer group and 0.38% for the larger rival IYT.
  • Modified equal weighting spreads the pot across air freight, airlines, airport services, highways and rail, marine, ports, railroads and trucking, not just two megacaps.ssga.com
  • State Street has run it since 2011, and it sits in the upper half of its transportation peer group. Pays out quarterly.

Worth knowing

  • BOAT Costs 0.69% a year, above the transportation-fund median and well above broad options like IYT (0.38%) and XTN (0.35%).
  • Thinly traded and modest in assets, so spreads can widen. Limit orders earn their keep here.
  • Shipping is a freight-rate business: cyclical, concentrated in about 50 names, and bumpier than a diversified transport basket.
  • XTN Equal weighting tilts toward smaller, more cyclical carriers, so the ride is bumpier than a cap-weighted transport fund's.ssga.com
  • About 40 stocks in one slice of industrials. Fuel costs, freight rates and the economic cycle drive it, with no cushion from other sectors.
  • Moderately traded rather than heavily, so spreads can widen in fast markets.

Full BOAT profile⁠

Full XTN profile⁠

BOAT vs XTN Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BOAT vs XTN Cost

Overpaying BOAT vs XTN

$6,303

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BOAT 0.69%

    $13,429

  • XTN 0.35%

    $7,126

$10,000
30 years

Cost over time

  • BOAT 0.69%
  • XTN 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530BOAT $13,429XTN $7,126

Year by year

YearBOATXTNOverpaying
10$1,232$634$598
20$4,697$2,454$2,243
30$13,429$7,126$6,303

Expense ratio

  • 0.69%BOAT
  • 0.35%XTN, cheaper
  • Middle half of Transportation funds
  • Median 0.48%

XTN cheapest of 8 funds

BOAT 8th cheapest of 8 funds

BOAT vs XTN Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BOAT 5.73%, better
XTN 0.76%
Payout (12M)
BOAT $3.04
XTN $0.75
Last payment
BOAT $0.76
XTN $0.19
Ex-dividend
BOAT Sep 28, 2026
XTN Sep 21, 2026
Paid on
BOAT Sep 29, 2026
XTN Sep 23, 2026
Frequency
BOAT Quarterly
XTN Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BOATQuarterly · 21 paymentsAll BOAT payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Sep 22, 2021 $0.05; Dec 28, 2021 $0.35; Mar 29, 2022 $0.78; Jun 28, 2022 $1.27; Sep 28, 2022 $1.07; Dec 27, 2022 $0.65; Mar 28, 2023 $0.34; Jun 27, 2023 $2.45; Sep 26, 2023 $0.55; Dec 26, 2023 $0.75; Mar 25, 2024 $0.31; Jun 26, 2024 $0.66; Sep 26, 2024 $0.49; Dec 27, 2024 $2.42; Mar 27, 2025 $0.42; Jun 27, 2025 $0.77; Sep 29, 2025 $0.51; Dec 30, 2025 $0.85; Mar 27, 2026 $0.43; Jun 29, 2026 $1.01; Sep 28, 2026 $0.76. Use the arrow keys to read each point.$0$2.502017202020232026YTD
XTNQuarterly · 39 paymentsAll XTN payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.09; Jun 16, 2017 $0.09; Sep 15, 2017 $0.10; Dec 15, 2017 $0.12; Mar 19, 2018 $0.13; Jun 18, 2018 $0.13; Sep 24, 2018 $0.13; Dec 24, 2018 $0.14; Mar 18, 2019 $0.13; Jun 24, 2019 $0.31; Sep 23, 2019 $0.16; Dec 23, 2019 $0.15; Mar 23, 2020 $0.18; Jun 22, 2020 $0.09; Sep 21, 2020 $0.07; Dec 21, 2020 $0.20; Mar 22, 2021 $0.68; Jun 21, 2021 $0.05; Sep 20, 2021 $0.11; Dec 20, 2021 $0.11; Mar 21, 2022 $0.22; Jun 21, 2022 $0.17; Sep 19, 2022 $0.22; Dec 19, 2022 $0.09; Mar 20, 2023 $0.17; Jun 20, 2023 $0.12; Sep 18, 2023 $0.19; Dec 18, 2023 $0.14; Mar 18, 2024 $0.20; Jun 24, 2024 $0.16; Sep 23, 2024 $0.19; Dec 23, 2024 $0.25; Mar 24, 2025 $0.18; Jun 23, 2025 $0.14; Sep 22, 2025 $0.18; Dec 22, 2025 $0.21; Mar 23, 2026 $0.20; Jun 22, 2026 $0.14; Sep 21, 2026 $0.19. Use the arrow keys to read each point.$0$2.502017202020232026YTD

BOAT vs XTN Risk

Fall from peak · 5 years

  • BOAT
  • XTN
Oct 29, 2021 to Oct 30, 2026. Worst fall: XTN −35.0% · Sep 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
BOAT 23.3%, betterXTN 23.5%
Return per unit of riskSharpe ratio, 3 years
BOAT 1.27, betterXTN 0.50
Worst fallMax drawdown, 5 years
BOAT −33.9%, betterXTN −35.0%
Market sensitivityBeta, 5 years
BOAT 0.46XTN 1.59

BOAT and XTN in the news

All news⁠

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