SonicShares Global Shipping ETF
ALTAR
Score™		 26.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.1x P/Sales
ratio		 0.8x
P/BV
ratio		 0.7x Div.
yield		 6.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BOAT tracks a modified market-cap-weighted index of globally-listed companies engaged in maritime shipping.

FUND BASICS
Category Global Equities
Fund Sponsor Toroso Investments
Website www.sonicshares.com/boat/
Inception date Aug 03, 2021
Assets (mns) $44
Currency USD
Expense ratio 69 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 43
Wgt avg mkt cap (mns) $5,045
Large cap (>$10bn) 24.2%
Mid cap ($2-10bn) 37.6%
Small cap (<$2bn) 37.4%
Developed mkts 82.3%
Emerging mkts 17.8%

TOP TEN HOLDINGS
A.P. MOLLER - MAERSK A/S CLASS B 5.0 %
SITC INTERNATIONAL HOLDINGS 4.8 %
CHINA COSCO HOLDINGS-H 4.7 %
ORIENT OVERSEAS INTL LTD 4.7 %
FRONTLINE LTD. 4.6 %
WILH. WILHELMSEN ASA 4.2 %
KAWASAKI KISEN KAISHA LTD 4.1 %
HAFNIA LTD. 4.0 %
HYUNDAI MERCHANT MARINE 3.9 %
MITSUI OSK LINES LTD 3.7 %
Total 43.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 16.4 %
HONG KONG 11.3 %
BERMUDA 9.4 %
JAPAN 8.8 %
NORWAY 8.1 %
MONACO 7.4 %
CHINA 6.3 %
GREECE 5.7 %
SOUTH KOREA 5.3 %
DENMARK 5.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
21.9% 20.6% -- -- 18.8%

Market Correlations
versus... Beta R-squared
S&P500 0.70 34%
MSCI EAFE 0.82 33%
MSCI Emg. Mkts. 0.75 32%

Technical Indicators
Recent close $32.72
30d moving avg. $32.11
Annualized volatility 23.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.7%
Bid/Ask (% of price) 0.99%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 385 potential alternatives to the SonicShares Global Shipping ETF ETF based on the alternatives' overlap in portfolio holdings with BOAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BOAT Expense: 69 bp ALTAR Score™: 26.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BOAT
Ticker Fund
Name		 Overlap1
vs BOAT
(%)		 Expense
ratio
(bp)		 Savings
vs BOAT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BOAT
(%)
PXJ Invesco Oil & Gas Services ETF 10.1 63 6 3.9 -22.3
DEEP Roundhill Acquirers Deep Value ETF 9.2 80 -11 19.6 -6.6
SUPL ProShares Supply Chain Logistics ETF 9.0 58 11 10.2 -16.1
SHPP Pacer Industrials and Logistics ETF 6.8 60 9 8.3 -17.9
ZIG Acquirers Fund 6.6 84 -15 19.9 -6.3
SFLO VictoryShares Small Cap Free Cash Flow ETF 5.8 49 20 11.2 -15.1
FYLD Cambria Foreign Shareholder Yield ETF 4.6 59 10 11.1 -15.1
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.6 47 22 9.0 -17.2
FCA First Trust China AlphaDEX Fund 4.4 80 -11 9.4 -16.8
ISHP First Trust Nasdaq Retail ETF 4.3 60 9 5.6 -20.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.2 80 -11 9.3 -17.0
IVAL Alpha Architect International Quantitative Value ETF 3.9 49 20 10.0 -16.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.8 65 4 10.6 -15.6
EFAS Global X MSCI SuperDividend EAFE ETF 3.6 57 12 8.4 -17.9
XTN State Street SPDR S&P Transportation ETF 3.6 35 34 4.1 -22.1
SDIV Global X Superdividend ETF 3.5 58 11 16.7 -9.5
PSCE Invesco S&P SmallCap Energy ETF 3.4 29 40 9.1 -17.1
DIV Global X SuperDividend US ETF 3.4 45 24 11.2 -15.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.4 67 2 14.6 -11.6
DSMC Distillate Small/Mid Cash Flow ETF 3.1 55 14 12.9 -13.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.0 80 -11 10.6 -15.6
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 3.0 59 10 6.3 -19.9
EDEN iShares MSCI Denmark ETF 3.0 53 16 6.2 -20.0
AVUV Avantis U.S. Small Cap Value ETF 2.9 25 44 9.6 -16.6
AFSM First Trust Active Factor Small Cap ETF 2.8 75 -6 7.5 -18.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -11 8.4 -17.9
RODE Hartford Multifactor Diversified International ETF 2.7 29 40 10.3 -15.9
VIDI Vident International Equity Strategy ETF 2.6 61 8 10.3 -15.9
ABLD Abacus FCF Real Assets Leaders ETF 2.6 69 0 7.0 -19.2
FJP First Trust Japan AlphaDEX Fund 2.6 80 -11 7.9 -18.3
GCOW Pacer Global Cash Cows Dividend ETF 2.5 60 9 10.4 -15.8
SMCF Themes US Small Cap Cash Flow Champions ETF 2.3 29 40 11.6 -14.6
SVAL iShares US Small Cap Value Factor ETF 2.3 20 49 8.8 -17.4
RFEU First Trust Riverfront Dynamic Europe ETF 2.0 83 -14 10.0 -16.2
ENOR iShares MSCI Norway ETF 1.9 53 16 10.5 -15.8
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.9 35 34 7.4 -18.9
NORW Global X MSCI Norway ETF 1.9 50 19 10.6 -15.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.8 70 -1 12.3 -14.0
FYT First Trust Small Cap Value AlphaDEX Fund 1.8 73 -4 11.7 -14.6
AVDV Avantis International Small Cap Value ETF 1.8 36 33 8.6 -17.6
SURE AdvisorShares Insiders Advantage ETF 1.8 90 -21 9.7 -16.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.7 29 40 7.9 -18.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.7 29 40 7.4 -18.8
ECML Euclidean Fundamental Value ETF 1.7 95 -26 10.2 -16.0
FLHK Franklin FTSE Hong Kong ETF 1.7 9 60 4.3 -22.0
OAIM OneAscent International Equity ETF 1.6 95 -26 5.4 -20.9
IDOG ALPS International Sector Dividend Dogs ETF 1.6 50 19 11.4 -14.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.6 60 9 10.8 -15.4
EMIF iShares Emerging Markets Infrastructure ETF 1.6 60 9 3.3 -23.0
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 7.8 -18.4
DLS WisdomTree International SmallCap Dividend Fund 1.5 58 11 7.9 -18.3
OCEN IQ Clean Oceans ETF 1.5 45 24 5.3 -20.9
DFSV Dimensional US Small Cap Value ETF 1.4 31 38 10.3 -15.9
VFVA Vanguard U.S. Value Factor ETF 1.4 13 56 10.6 -15.7
PSC Principal U.S. Small-Cap ETF 1.4 38 31 6.9 -19.4
ROAM Hartford Multifactor Emerging Markets ETF 1.4 44 25 11.2 -15.0
DFE WisdomTree Europe SmallCap Dividend Fund 1.3 58 11 8.0 -18.2
EWH iShares MSCI Hong Kong ETF 1.3 50 19 5.1 -21.1
DVYE iShares Emerging Markets Dividend ETF 1.3 49 20 18.1 -8.1
AKAF The Frontier Economic Fund 1.3 20 49 6.3 -19.9
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.3 25 44 7.8 -18.5
AVSC Avantis U.S Small Cap Equity ETF 1.3 25 44 5.1 -21.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.3 45 24 10.0 -16.2
UIVM VictoryShares International Value Momentum ETF 1.2 35 34 8.4 -17.8
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -11 11.4 -14.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.2 35 34 7.3 -18.9
FDM First Trust Dow Jones Select MicroCap Index Fund 1.2 60 9 8.0 -18.3
PSCI Invesco S&P SmallCap Industrials ETF 1.2 29 40 5.6 -20.6
RNIN Bushido Capital US SMID Cap Equity ETF 1.2 70 -1 12.5 -13.8
EES WisdomTree U.S. SmallCap Fund 1.1 38 31 8.6 -17.7
CALF Pacer US Small Cap Cash Cows 100 ETF 1.1 59 10 10.4 -15.9
IWN iShares Russell 2000 Value ETF 1.1 24 45 6.3 -19.9
EIPX FT Energy Income Partners Strategy ETF 1.1 95 -26 7.9 -18.4
FIVA Fidelity International Value Factor ETF 1.1 18 51 9.1 -17.1
VTWV Vanguard Russell 2000 Value ETF 1.1 10 59 6.4 -19.8
SIXS ETC 6 Meridian Small Cap Equity ETF 1.0 89 -20 9.8 -16.4
DFAT Dimensional U.S. Targeted Value ETF 1.0 28 41 10.0 -16.3
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -14 8.9 -17.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.0 65 4 4.6 -21.7
SYLD Cambria Shareholder Yield ETF 1.0 59 10 12.5 -13.7
QLV FlexShares US Quality Low Volatility Index Fund 0.9 22 47 5.8 -20.5
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 34 9.2 -17.0
ROSC Hartford Multifactor Small Cap ETF 0.9 34 35 9.0 -17.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.9 61 8 5.7 -20.5
FEP First Trust Europe AlphaDEX Fund 0.9 80 -11 7.9 -18.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.9 52 17 6.2 -20.0
DIM WisdomTree International MidCap Dividend Fund 0.9 58 11 7.2 -19.1
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 3 11.6 -14.6
FTXR First Trust Nasdaq Transportation ETF 0.8 60 9 8.3 -18.0
FENI Fidelity Enhanced International ETF 0.8 28 41 6.2 -20.1
SMDV ProShares Russell 2000 Dividend Growers ETF 0.8 40 29 7.7 -18.5
ABLS Abacus FCF Small Cap Leaders ETF 0.8 59 10 5.2 -21.0
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -11 11.6 -14.6
GWX SPDR S&P International Small Cap ETF 0.8 40 29 6.5 -19.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.8 37 32 7.8 -18.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -10 7.7 -18.5
ISRA VanEck Israel ETF 0.8 59 10 7.0 -19.3
GREK Global X MSCI Greece ETF 0.8 57 12 10.8 -15.4
DTH WisdomTree International High Dividend Fund 0.8 58 11 8.0 -18.3
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 22 8.4 -17.9
FDLS Inspire Fidelis Multi Factor ETF 0.7 76 -7 4.9 -21.4
VFMF Vanguard U.S. Multifactor ETF 0.7 18 51 7.7 -18.5
CLNR IQ Cleaner Transport ETF 0.7 45 24 5.2 -21.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 7.9 -18.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 19 10.2 -16.0
ISMD Inspire Small/Mid Cap ETF 0.7 54 15 5.3 -20.9
ICPY Tweedy, Browne International Insider Value ETF 0.7 80 -11 11.4 -14.8
VWID Virtus WMC International Dividend ETF 0.7 49 20 8.0 -18.3
WCEO Hypatia Women CEO ETF 0.7 85 -16 3.2 -23.0
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 39 9.6 -16.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 49 5.4 -20.8
FSMD Fidelity Small-Mid Multifactor ETF 0.7 15 54 6.9 -19.3
FLKR Franklin FTSE South Korea ETF 0.7 9 60 7.0 -19.2
IYT iShares US Transportation ETF 0.7 40 29 5.2 -21.1
EIS iShares MSCI Israel ETF 0.7 58 11 7.6 -18.6
EWJV iShares MSCI Japan Value ETF 0.6 15 54 7.8 -18.4
QDEF FlexShares Quality Dividend Defensive Index Fund 0.6 37 32 6.2 -20.0
RSSL Global X Russell 2000 ETF 0.6 8 61 3.5 -22.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -26 11.7 -14.5
TPSC Timothy Plan US Small Cap Core ETF 0.6 52 17 7.1 -19.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 33 10.6 -15.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 30 3.0 -23.2
SQLV Royce Quant Small-Cap Quality Value ETF 0.6 60 9 9.5 -16.8
VUSE Vident U.S. Equity Strategy ETF 0.6 50 19 4.3 -22.0
DISV Dimensional International Small Cap Value ETF 0.6 42 27 8.9 -17.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.5 9 60 8.9 -17.3
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 57 7.5 -18.7
IWM iShares Russell 2000 ETF 0.5 19 50 3.5 -22.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.5 32 37 13.3 -12.9
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 34 7.5 -18.8
VTWO Vanguard Russell 2000 ETF 0.5 7 62 3.6 -22.6
IWC iShares Micro-Cap ETF 0.5 60 9 -1.3 -27.5
JSML Janus Henderson Small Cap Growth Alpha ETF 0.5 30 39 8.1 -18.1
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.5 59 10 10.1 -16.2
FESM Fidelity Enhanced Small Cap ETF 0.5 28 41 3.2 -23.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 51 5.4 -20.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 24 8.3 -17.9
IJR iShares Core S&P Small Cap ETF 0.5 6 63 7.6 -18.7
AFMC First Trust Active Factor Mid Cap ETF 0.5 65 4 8.3 -18.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 20 6.8 -19.5
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.5 15 54 5.4 -20.8
IPKW Invesco International BuyBack Achievers ETF 0.5 55 14 8.8 -17.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 7.6 -18.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 59 5.5 -20.7
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 51 9.8 -16.4
MCH Matthews China Active ETF 0.5 79 -10 14.0 -12.2
DFAS Dimensional U.S. Small Cap ETF 0.5 26 43 6.6 -19.6
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.5 12 57 8.0 -18.2
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 66 7.6 -18.6
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 50 6.0 -20.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 34 9.8 -16.4
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.4 55 14 10.5 -15.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 62 7.5 -18.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 22 7.7 -18.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 3.9 -22.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 30 7.5 -18.7
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.4 15 54 9.8 -16.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 7.5 -18.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 44 7.1 -19.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.4 47 22 5.6 -20.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.4 10 59 9.7 -16.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.4 20 49 6.1 -20.2
JPXN iShares JPX-Nikkei 400 ETF 0.4 48 21 6.1 -20.1
GXC SPDR S & P China ETF 0.4 59 10 15.9 -10.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 15.5 -10.7
FXI iShares China Large-Cap ETF 0.4 74 -5 16.9 -9.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 20 14.9 -11.4
INEQ Columbia International Equity Income ETF 0.4 45 24 7.6 -18.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.4 32 37 5.9 -20.3
FLJP Franklin FTSE Japan ETF 0.4 9 60 5.7 -20.5
JHMD John Hancock Multifactor Developed International ETF 0.4 39 30 7.1 -19.1
SCHC Schwab International Small-Cap Equity ETF 0.4 11 58 7.3 -18.9
WBIY WBI Power Factor High Dividend ETF 0.4 100 -31 13.4 -12.8
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -11 6.5 -19.7
EIRL iShares MSCI Ireland ETF 0.4 50 19 7.9 -18.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 30 6.4 -19.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 8.9 -17.4
FLJH Franklin FTSE Japan Hedged ETF 0.4 9 60 5.7 -20.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.4 67 2 9.9 -16.3
QINT American Century Quality Diversified International ETF 0.3 39 30 6.8 -19.4
FCPI Fidelity Stocks for Inflation ETF 0.3 15 54 8.0 -18.3
AVDS Avantis International Small Cap Equity ETF 0.3 30 39 6.6 -19.6
DWM WisdomTree International Equity Fund 0.3 48 21 6.9 -19.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 54 5.9 -20.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 9.7 -16.5
EWY iShares MSCI South Korea ETF 0.3 58 11 6.4 -19.8
EWJ iShares MSCI Japan ETF 0.3 50 19 5.5 -20.8
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 27 7.3 -19.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 34 12.5 -13.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 29 6.8 -19.4
GLOF iShares Global Equity Factor ETF 0.3 20 49 6.6 -19.6
VFMV Vanguard U.S. Minimum Volatility ETF 0.3 13 56 5.9 -20.3
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 8.1 -18.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.3 40 29 7.0 -19.2
STXK Strive Small-Cap ETF 0.3 18 51 6.0 -20.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 30 4.9 -21.3
DXIV Dimensional International Vector Equity ETF 0.3 34 35 7.4 -18.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 10.3 -15.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 20 9.4 -16.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 44 6.9 -19.4
VPL Vanguard FTSE Pacific ETF 0.3 7 62 6.3 -20.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 4 7.8 -18.4
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 6.0 -20.3
EFV iShares MSCI EAFE Value ETF 0.3 34 35 8.5 -17.7
IDV iShares International Select Dividend ETF 0.3 51 18 10.3 -16.0
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 49 6.6 -19.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 30 5.7 -20.6
DFIS Dimensional International Small Cap ETF 0.3 39 30 7.0 -19.2
DFIV Dimensional International Value ETF 0.3 27 42 8.9 -17.3
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 6.3 -19.9
AVDE Avantis International Equity ETF 0.3 23 46 7.0 -19.2
CIL VictoryShares International Volatility Wtd ETF 0.3 45 24 6.4 -19.9
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.3 27 42 7.3 -19.0
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.3 40 29 4.7 -21.5
ETHO Etho Climate Leadership U.S. ETF 0.2 47 22 5.3 -21.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 61 7.1 -19.1
MCHI iShares MSCI China ETF 0.2 59 10 16.9 -9.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 6.1 -20.1
OPTZ Optimize Strategy Index ETF 0.2 50 19 4.8 -21.4
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 62 10.4 -15.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.2 30 39 6.7 -19.5
DXUV Dimensional US Vector Equity ETF 0.2 28 41 6.0 -20.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 8.4 -17.8
FLCH Franklin FTSE China ETF 0.2 19 50 15.4 -10.8
EXI iShares Global Industrials ETF 0.2 42 27 4.4 -21.9
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 22 5.2 -21.0
IQSI IQ Candriam International Equity ETF 0.2 15 54 6.2 -20.0
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 9.0 -17.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 34 6.2 -20.0
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 57 7.4 -18.8
EBI Longview Advantage ETF 0.2 35 34 6.7 -19.5
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 44 7.1 -19.1
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 7.1 -19.1
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 11 7.0 -19.2
QDF FlexShares Quality Dividend Index Fund 0.2 37 32 6.3 -20.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 6.6 -19.6
VDE Vanguard Energy ETF 0.2 9 60 8.9 -17.3
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 9.0 -17.2
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 63 8.4 -17.8
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 7.1 -19.2
XCEM Columbia EM Core ex-China ETF 0.2 16 53 7.6 -18.6
TPIF Timothy Plan International ETF 0.2 62 7 6.0 -20.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 7.4 -18.8
DIHP Dimensional International High Profitability ETF 0.2 29 40 6.6 -19.7
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -56 6.9 -19.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 65 5.8 -20.5
FTHF First Trust Emerging Markets Human Flourishing ETF 0.2 75 -6 9.1 -17.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 8.4 -17.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 33 6.3 -19.9
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 36 7.8 -18.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 33 9.1 -17.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 54 9.5 -16.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 9.4 -16.8
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 6.7 -19.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 6.5 -19.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 3 9.0 -17.3
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 33 7.2 -19.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 7.4 -18.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 40 7.5 -18.7
PKW Invesco Buyback Achievers ETF 0.2 62 7 8.1 -18.1
AVIV Avantis International Large Cap Value ETF 0.2 25 44 8.3 -18.0
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 6.7 -19.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 28 7.1 -19.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 49 6.1 -20.1
VEA Vanguard FTSE Developed Markets ETF 0.1 3 66 6.8 -19.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 39 8.4 -17.8
SCHA Schwab U.S. Small-Cap ETF 0.1 4 65 5.5 -20.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 9.2 -17.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 7.4 -18.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 39 6.8 -19.5
EZM WisdomTree U.S. MidCap Fund 0.1 38 31 8.6 -17.6
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 56 6.1 -20.1
EFA iShares MSCI EAFE ETF 0.1 35 34 6.4 -19.9
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 62 7.5 -18.8
SCHF Schwab International Equity ETF 0.1 6 63 6.8 -19.4
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 52 12.8 -13.4
DFAI Dimensional International Core Equity Market ETF 0.1 18 51 6.7 -19.5
BKIE BNY Mellon International Equity ETF 0.1 4 65 6.6 -19.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 9.6 -16.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 8.4 -17.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 20 9.2 -17.1
ISCB iShares Morningstar Small-Cap ETF 0.1 4 65 5.7 -20.5
VXUS Vanguard Total International Stock ETF 0.1 5 64 7.6 -18.7
BKF iShares MSCI BIC ETF 0.1 69 0 13.1 -13.1
INTF iShares International Equity Factor ETF 0.1 15 54 7.3 -18.9
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 10.8 -15.4
VBR Vanguard Small Cap Value ETF 0.1 7 62 9.0 -17.2
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 56 2.9 -23.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 7.1 -19.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 7.3 -19.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 39 9.6 -16.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 44 7.6 -18.6
SPEU SPDR Portfolio Europe ETF 0.1 7 62 7.1 -19.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 7.6 -18.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 7.3 -19.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 34 7.3 -18.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.9 -20.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 5.9 -20.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 9.4 -16.9
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 9.5 -16.8
AVUS Avantis U.S. Equity ETF 0.1 15 54 5.7 -20.5
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 7.3 -18.9
VGK Vanguard FTSE Europe ETF 0.1 6 63 7.2 -19.0
VXF Vanguard Extended Market ETF 0.1 5 64 4.4 -21.8
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 9.8 -16.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 5.4 -20.8
IEUR iShares Core MSCI Europe ETF 0.1 11 58 7.1 -19.1
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 31 9.1 -17.1
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 6 12.7 -13.6
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 6.1 -20.2
VSGX Vanguard ESG International Stock ETF 0.1 10 59 7.5 -18.8
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 7.3 -18.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -1 3.9 -22.4
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 7.2 -19.1
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 5.8 -20.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 6.5 -19.7
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.7 -20.5
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 11.7 -14.5
VIS Vanguard Industrials ETF 0.1 9 60 4.5 -21.7
IEV iShares Europe ETF 0.1 67 2 6.6 -19.7
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 7.0 -19.3
FLEE Franklin FTSE Europe ETF 0.1 9 60 7.0 -19.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 5.9 -20.3
VB Vanguard Small-Cap ETF 0.1 5 64 6.0 -20.2
IGE iShares North American Natural Resources ETF 0.1 41 28 7.4 -18.9
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 5.3 -20.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.9 -23.3
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 10.6 -15.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 8.6 -17.6
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 10.2 -16.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.3 -20.9
VT Vanguard Total World Stock ETF 0.1 6 63 5.7 -20.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 44 6.3 -20.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 37 8.5 -17.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 11 6.8 -19.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.0 12 57 5.4 -20.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 44 6.9 -19.3
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 6.4 -19.8
ACWI iShares MSCI ACWI ETF 0.0 32 37 5.3 -20.9
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 57 7.3 -18.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.2 -21.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 7.9 -18.3
IUS Invesco RAFI Strategic US ETF 0.0 19 50 6.8 -19.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.0 42 27 6.9 -19.4
DXJ WisdomTree Japan Hedged Equity Fund 0.0 48 21 6.6 -19.6
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 5.0 -21.2
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 46 8.1 -18.2
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 7.0 -19.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -1 7.5 -18.7
URTH iShares MSCI World ETF 0.0 24 45 4.9 -21.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 5.5 -20.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 39 5.2 -21.1
AVSD Avantis Responsible International Equity ETF 0.0 23 46 5.1 -21.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 5.1 -21.1
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 4.5 -21.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 7.2 -19.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 30 6.7 -19.5
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 8.6 -17.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 7.2 -19.0
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.8 -21.5
IWV iShares Russell 3000 ETF 0.0 20 49 4.7 -21.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 35 5.8 -20.4
DIVB iShares Core Dividend ETF 0.0 5 64 8.2 -18.1
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.8 -21.4
DEW WisdomTree Global High Dividend Fund 0.0 58 11 8.2 -18.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 6.4 -19.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 3.7 -22.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 7.2 -19.1
TOK iShares MSCI Kokusai ETF 0.0 26 43 4.9 -21.3
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 5.5 -20.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 8.1 -18.1
PFM Invesco Dividend Achievers ETF 0.0 53 16 5.3 -20.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.8 -21.5
DGRO iShares Core Dividend Growth ETF 0.0 8 61 6.5 -19.7
AVES Avantis Emerging Markets Value ETF 0.0 36 33 10.5 -15.7
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 6.3 -19.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 66 5.0 -21.2
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 4.9 -21.3
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.8 -21.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 5.2 -21.0
GVLU Gotham 1000 Value ETF 0.0 50 19 9.0 -17.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.7 -21.5
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 3.9 -22.3
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.1 -20.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.9 -21.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 SonicShares Global Shipping ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.4 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 26.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.71 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.