SonicShares™ Global Shipping ETF (BOAT)

32.36 -0.02 (-0.07%) USD  |  NYSEARCA  |  Nov 15, 16:00
32.36 0.00 (0.00%) After-Hours: 20:00
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BOAT Alpha (vs YCharts Benchmark) (3Y)

Alpha (vs YCharts Benchmark) (3Y) Chart

View Alpha (vs YCharts Benchmark) (3Y) for BOAT.
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Sep '18
Jan '19
May '19
 
285.00
270.00
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240.00

Historical Alpha (vs YCharts Benchmark) (3Y) Data

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Date Value
October 31, 2024 --

Alpha Definition

Alpha measures the excess return that a security provides. Alpha can be measured by taking Risk Adjusted Security Return - Beta*(Risk Adjusted Market Return). This formula will return the outperformance that the security provides. Alpha is an important metric for active investing, where investors look for outperforming a particular benchmark.

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Alpha (vs YCharts Benchmark) (3Y) Range, Past 5 Years

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Minimum
Oct 2024
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Maximum
Oct 2024
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Average
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Median
Oct 2024

Alpha (vs YCharts Benchmark) (3Y) Benchmarks

US Global Sea to Sky Cargo ETF --
First Trust Nasdaq Transportation ETF Upgrade
iShares Transportation Average ETF Upgrade
VanEck Environmental Svcs ETF Upgrade
US Global Jets ETF Upgrade

Alpha (vs YCharts Benchmark) (3Y) Related Metrics

Alpha (3Y) Upgrade
Beta (3Y) Upgrade
Beta (vs YCharts Benchmark) (3Y) Upgrade
Annualized Standard Deviation of Monthly Returns (3Y Lookback) Upgrade
Historical Sharpe Ratio (3Y) Upgrade
Historical Sortino (3Y) Upgrade
Max Drawdown (3Y) Upgrade
Monthly Value at Risk (VaR) 5% (3Y Lookback) Upgrade