Is BOAT a Friend, Question Mark or Foe?

BOAT is classified a Friend under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the BOAT distribution?

A Friend is an income asset whose long-term economic total return has historically covered its distributions and whose distribution has been stable over the available history. It describes a track record of durable, well-covered income.

Home › IQ Score › BOAT

Public snapshot

BOAT Income Quality Score

Name: BOAT Income Quality Score
Creator: Income Quality Score
Keywords: BOAT income quality, BOAT dividend quality, BOAT dividend safety, BOAT distribution history, BOAT dividend score, BOAT analysis, SonicShares Global Shipping ETF dividend

SonicShares Global Shipping ETF (BOAT) has an Income Quality Score of 78/100, classified as a Friend with medium confidence, based on a 5-year income and total-return history.

SonicShares Global Shipping ETF (BOAT) is a income ETF and is part of the IQ Score universe.

July 2026 snapshotAs of July 7, 2026Lookback: 5-year

Explore More IQ Scores Get Monthly IQ Score Updates

Long-term focused5-year income and total-return analysis

Data-drivenObjective scoring across 6 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

78/100

FriendMedium confidence

Asset Type

ETF

Exchange

—

Trailing Yield (TTM)

7.0%

Rank in ETF Universe

6 of 35

Lookback

5-year

Data as of

July 7, 2026

How the IQ Score works →

About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

Read about data freshness →

Follow BOAT and 700+ Other Income Tickers

Get a free monthly email as new public IQ Score snapshots are released — new Friends, downgrades and distribution changes across the income universe.

Get Monthly IQ Score Updates

IQ Signal Scores

6 quality, distribution and risk signals combined into the overall IQ Score.

Economic Payout Coverage

98/100

Distribution Trend

18/100

Total Return

100/100

Max Drawdown

78/100

Volatility

24/100

Yield Consistency

57/100

View full methodology →

IQ Score History

IQ Score trajectory since 2023

BOAT's IQ Score has 67 recorded points from 2023-08-31 to 2026-07-07, most recently 77, ranging between 63 and 95 over the period. Over that window BOAT recorded 3 classification changes. The chart above plots the score against the methodology's Friend and Foe thresholds and overlays a base-100 normalised price line for capital-preservation context.

View full history →

BOAT distribution history & safety

Across 6 years of distribution data (2021–2026), BOAT recorded 2 annual increases and no distribution cuts. Distribution stability is a core IQ Score signal — a long record free of cuts supports a stronger classification, while repeated cuts weaken it. Per-year figures are shown in the panel above.

Annual increases

2021–2026

Distribution cuts

2021–2026

Years of data

2021–2026

7.0%

Trailing yield (TTM)

As of snapshot

Stable

Distribution trend

Over available history

Explore More Income Quality Scores

Browse the full Income Quality Score research across CEFs, BDCs, REITs and income ETFs.

Browse All IQ Scores

IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.