SEA.P’s Leverage and 0.6% Fee Stand Out in Crowded Cargo ETF Space

ETF Overview and Capital Flows

SEA.P, the U.S. Global Sea to Sky Cargo ETF, tracks an index of global water and air cargo companies. Its structure weights stocks in fixed tiers based on fundamental scores, focusing on Industrials sector exposure. Recent fund flows show consistent inflows, with a 0.6% expense ratio balancing its leveraged (1.0x) long-bias structure.

Peer ETF Snapshot

• AGGS.P charges 0.35% and holds $38M in assets.
• ANGL.O, with a 0.25% expense ratio, commands $3B in AUM.
• APMU.P’s 0.37% fee supports a $213M portfolio.
• ACVT.P carries a 0.65% expense ratio and $28M in assets.
• AGGH.P’s 0.3% fee aligns with $357M in AUM.

Opportunities and Structural Constraints

SEA.P’s niche focus on cargo logistics offers exposure to trade-volume trends, though its 0.6% expense ratio exceeds peers like ANGL.O (0.25%). The ETF’s leveraged structure amplifies returns in rising markets but heightens downside risk. Meanwhile, peer AUM ranges from $28M to $138B, highlighting SEA.P’s mid-tier positioning. Investors should weigh its thematic focus against broader industrials alternatives.