What this ETF is trying to do

The U.S. Global Sea to Sky Cargo ETF (SEA) focuses on the transportation and cargo industry. It invests in companies that move goods across the world. Based on its top holdings, this includes shipping companies like Okeanis Eco Tanker and DHT Holdings, as well as logistics firms like DHL AG and United Parcel Service (UPS).

What the numbers show

As of October 5, 2026, the share price is $20.72.

When looking at performance, it is important to distinguish between price return (the change in the share price) and total return (which includes both price changes and cash distributions).

• Year-to-Date (YTD): The price return is 45.64%. The total return is also 45.64%.

• One Year: The price return is 45.15%, while the total return is 54.86%.

• Three Year: The price return is 40.56%, while the total return is 94.69%.

To put the one-year price change in perspective, if you had invested $10,000 based on the estimated price from roughly one year ago ($14.27), the value of those shares alone would have grown to approximately $14,515.

Income and distribution explanation

This ETF pays out cash distributions to investors. The distribution yield is 4.64%. However, these payments are "irregular" or less frequent, with only one payout recorded in the last 12 months.

It is important for beginners to remember that a high distribution yield alone can be misleading. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. This is different from a simple dip in the market price.

For this ETF, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data shows "No price erosion detected," and the severe erosion-risk flag is false.

Pros

• Strong Total Returns: The three-year total return is 94.69%.

• Low Erosion Risk: The fund has a high erosion-risk score, meaning no price erosion was detected.

• Diversified Cargo Exposure: It holds a variety of shipping and logistics companies.

Cons

• Irregular Income: Distributions are not paid on a steady or frequent schedule.

• Partial Data: The provided holdings list is partial, meaning it only shows the largest companies in the fund.

Beginner takeaway

The SEA ETF provides a way to invest in global cargo and shipping. While it has shown strong price and total returns over the last three years, its income payments are irregular. Investors typically look for principal stability alongside income to ensure their original investment is not disappearing while they collect distributions.