BOAT vs. NRSH ETF Comparison

Comparison of SonicShares Global Shipping ETF (BOAT) to Aztlan North America Nearshoring Stock Selection ETF (NRSH)

BOAT

SonicShares Global Shipping ETF

BOAT Description

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.43

Average Daily Volume

11,713

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NRSH

Aztlan North America Nearshoring Stock Selection ETF

NRSH Description

The initial universe for the index includes companies that, according to GICS classifications, belong to one of the following industries or sub-industries: (a) Industrial REITs, (b) Office REITs, (c) Real Estate Management & Development, (d) Specialized REITs, (e) Ground Transportation, (f) Air Freight & Logistics, (g) Transportation Infrastructure, or (h) Marine Transportation. The fund will invest all, or substantially all, of its assets in the component securities that make up the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.14

Average Daily Volume

1,395

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOAT	NRSH
30 Days	-3.40%	3.28%
60 Days	-4.13%	2.97%
90 Days	-2.39%	4.08%
12 Months	22.28%

2 Overlapping Holdings

	Symbol	Grade	Weight in BOAT	Weight in NRSH	Overlap
	GNK	D	0.74%	0.96%	0.74%
	MATX	C	6.32%	7.64%	6.32%

BOAT Overweight 21 Positions Relative to NRSH

Symbol	Grade	Weight
SBLK	F	3.75%
FRO	D	3.39%
INSW	F	3.14%
STNG	F	3.12%
ZIM	C	2.93%
GOGL	F	2.4%
DHT	F	1.68%
CMRE	C	1.65%
DAC	C	1.64%
SFL	D	1.39%
FLNG	C	1.34%
NVGS	D	1.14%
ECO	F	1.14%
LPG	F	1.09%
GSL	F	0.84%
NAT	F	0.63%
ASC	F	0.49%
SB	F	0.48%
PANL	F	0.29%
ESEA	D	0.28%
DSX	F	0.26%

BOAT Underweight 15 Positions Relative to NRSH

Symbol	Grade	Weight
CHRW	B	-7.28%
LSTR	D	-6.06%
CSX	C	-5.6%
GXO	B	-5.51%
UNP	C	-5.46%
SNDR	B	-5.28%
ARCB	C	-5.24%
WERN	C	-5.14%
HUBG	A	-5.13%
NSC	B	-4.85%
FWRD	D	-4.59%
CNI	F	-4.41%
KEX	B	-4.19%
ATSG	B	-1.35%
ULH	C	-0.58%

BOAT: Top Represented Industries & Keywords

Industries: Shipping & Ports Marine Shipping Integrated Shipping & Logistics Oil & Gas Midstream