##  [# SonicShares' BOAT Topped Last Week's ETF Returns](/sections/weekly-etf-flows/sonicshares-boat-topped-last-weeks-etf-returns) 

 

# SonicShares' BOAT Topped Last Week's ETF Returns

 

 

Shipping fund gained 6.1%, followed by 5.9% gain in SLVP silver fund.



 

 

 

 

 [![RonDay](/sites/default/files/styles/author_image_icon/public/2024-01/etf.com_Author_RonDay.png?itok=XBj72rrJ "RonDay")](/contributors/ron-day) 

[By Ron Day](/contributors/ron-day)

 May 14, 2024

 Edited by: Ron Day

 

 

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A small ETF that tracks shipping companies gained the most last week as prices of those firms' shares gain thanks to surging costs to transport items over seas.

The $51.1 million [**SonicShares Global Shipping ETF (BOAT)**](/boat) rose 6.1% last week, according to etf.com data. It's gained 19% so far this year, beating the 9.9% gain in the [**SPDR S&amp;P 500 ETF Trust (SPY)**](/SPY). The fund has pulled in $6.3 million year-to-date, including $2.4 million of outflows in the past few months.

According to the table below, silver exchange-traded funds were among the best performers, grabbing four of the top 10 spots. The $233.5 million IShares MSCI Global Silver And Metals Miners ETF (SLVP) added 5.9% for a total gain this year of 45%. It's pulled in $19.2 million so far this year.

Shipping company shares are jumping as fighting around the Red Sea forces cargo vessels onto longer routes to safely bring goods around trouble zones. The Shanghai Container Freight Index calculates rates from China ports and has gained 31% this year, according to a MarketWatch [story](https://www.msn.com/en-us/money/markets/container-shipping-companies-have-been-on-a-tear-that-won-t-halt-soon-say-analysts/ar-BB1mitif?ocid=BingNewsSearch). Shares of shipping giant A.P. Møller-Mærsk have gained 25% this month.

Meanwhile, $30 billion flowed into U.S.-listed exchange-traded funds last week, bringing year-to-date inflows up to $230.3 billion. The bulk of the money went into U.S. equity ETFs and U.S. fixed income ETFs, though international equity and fixed income ETFs attracted solid inflows as well.

Top flows gainers last week included the [**Invesco QQQ Trust (QQQ)**](/qqq), the [**iShares Core S&amp;P 500 ETF (IVV)**](/ivv) and the [**Vanguard 500 Inde Fund (VOO)**](/voo), which had inflows ranging from $2.3 billion to $3.4 billion.

A chart and full story can be seen [here](/sections/advisor-center/30b-flowed-etfs-last-week-led-qqq).

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## **Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and &lt;1,000 Shares Traded**

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)[BOAT](https://www.etf.com/boat)[SonicShares Global Shipping ETF](https://www.etf.com/boat)6.07%86,63251.06[SLVP](https://www.etf.com/slvp)[iShares MSCI Global Silver and Metals Miners ETF](https://www.etf.com/slvp)5.91%611,382233.47[UNG](https://www.etf.com/ung)[United States Natural Gas Fund LP](https://www.etf.com/ung)5.35%26,871,587848.91[AGMI](https://www.etf.com/agmi)[Themes Silver Miners ETF](https://www.etf.com/agmi)5.31%1,6550.54[SILJ](https://www.etf.com/silj)[Amplify Junior Silver Miners ETF](https://www.etf.com/silj)5.26%8,249,778901.03[SIL](https://www.etf.com/sil)[Global X Silver Miners ETF](https://www.etf.com/sil)5.06%3,399,3721,121.99[CZAR](https://www.etf.com/czar)[Themes Natural Monopoly ETF](https://www.etf.com/czar)4.98%7,8210.54[GDXJ](https://www.etf.com/gdxj)[VanEck Junior Gold Miners ETF](https://www.etf.com/gdxj)4.25%21,832,3135,061.13[UTES](https://www.etf.com/utes)[Virtus Reaves Utilities ETF](https://www.etf.com/utes)4.13%129,15183.15[RNWZ](https://www.etf.com/rnwz)[TrueShares Eagle Global Renewable Energy Income ETF](https://www.etf.com/rnwz)4.07%1,0212.52Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.





 

 

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  Ron Day is Contributing Editor at etf.com. He joined the company in October 2022 and has served as Managing Editor, deputy managing editor and…   [View Bio](/contributors/ron-day)

 



 

 


 Related Topics  [Silver](http://www.etf.com/topics/silver) 

 [Silver Miners](http://www.etf.com/topics/silver-miners) 

 [Transportation](http://www.etf.com/topics/transportation) 

 [Shipping](http://www.etf.com/topics/shipping)