6 min readBy Ron Koren ETF Insider
WCLD VS BOTZ
Compare the WCLD and BOTZ ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies.
The SonicShares Global Shipping ETF is administered by Solactive AG, a prominent Index Provider, utilizing a passive management approach to track the performance of the Solactive Global Shipping Index. Established in 2021, this rules-based index offers exposure to global companies engaged in the water transportation industry, including container deep sea and offshore shipping, crude oil transportation, liquid natural gas transportation, and more. To qualify for inclusion in the index, companies must meet certain market capitalization and trading volume criteria, and they must derive at least 50% of their revenue from the relevant sub-industry. This ETF concentrates its investments in Global Shipping Companies, closely mirroring the composition of the Index, and may use a replication or representative sampling strategy to achieve its investment objectives. As of June 30, 2023, the Index consisted of 48 components, all within the transportation industry, making it a focused investment option in the shipping sector.
While the primary focus of the SonicShares Global Shipping ETF may be on tracking the performance of the Solactive Global Shipping Index, it also offers dividend distributions to its investors. The ETF's dividend distributions typically align with the dividend policies and performances of the constituent Global Shipping Companies within the index. These distributions are influenced by the profitability of the shipping industry and occur in accordance with the individual companies' dividend payment schedules, providing investors with potential income in addition to exposure to the global shipping industry.
The SmartETFs Smart Transportation & Technology ETF (BOAT) is strategically crafted to track the performance of the Smart Transportation & Technology Index. BOAT invests in a diversified portfolio of companies at the forefront of innovation in the transportation and technology sectors. By closely aligning with the index, the ETF aims to offer investors exposure to the dynamic landscape of smart transportation and technology companies, serving as a vehicle for those seeking to participate in the advancement of technology within the transportation industry. BOAT's commitment to effective tracking positions it as an appealing choice for investors interested in the intersection of technology and transportation.
The correlation aspect of the SonicShares Global Shipping ETF revolves around its tracking of the Solactive Global Shipping Index, which includes companies engaged in the water transportation industry. Due to this focus, the correlation of this ETF is influenced by factors affecting the global shipping industry, such as trade volumes, commodity prices, and economic trends. Investors interested in understanding how this ETF behaves in relation to the shipping sector and broader market conditions can utilize ETF Insider's web app for in-depth analysis and visualizations, helping them uncover correlations, overlaps, and potential diversification opportunities within the US ETF market.
The SonicShares Global Shipping ETF (BOAT) primarily focuses on the global shipping industry. It tracks the Solactive Global Shipping Index, which includes companies engaged in various segments of the water transportation industry. These segments encompass container shipping, dry bulk shipping, crude oil transportation, liquid natural gas transportation, and more. BOAT offers investors exposure to this industry, allowing them to participate in the transportation of goods by sea, reflecting global trade trends and economic activity. Keep in mind that investing in such a specialized sector can carry specific risks associated with the shipping industry's cyclicality and market dynamics.
The SonicShares Global Shipping ETF offers exposure to the global water transportation industry. This ETF, administered by Solactive AG, tracks the Solactive Global Shipping Index, which includes companies engaged in various sub-industries within the water transportation sector, such as container shipping, crude oil transportation, liquid natural gas transportation, and more. Investors in this ETF gain access to a diversified portfolio of companies involved in different aspects of the global shipping industry, providing a unique opportunity to capitalize on the growth potential of this sector.
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6 min readCompare the WCLD and BOTZ ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies.
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