SonicShares Global Shipping ETF
ALTAR
Score™		 21.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.1x P/Sales
ratio		 1.3x
P/BV
ratio		 1.0x Div.
yield		 4.0%


  • 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 04, 2021
Assets (mns) $80
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 45
Wgt avg mkt cap (mns) $5,292
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
FRONTLINE LTD. 5.9 %
MATSON INC 5.0 %
SITC INTERNATIONAL HOLDINGS 5.0 %
MITSUI OSK LINES LTD 4.7 %
A.P. MOLLER - MAERSK A/S CLASS B 4.7 %
KAWASAKI KISEN KAISHA LTD 4.6 %
SCORPIO TANKERS INC 4.2 %
HAFNIA LTD. 4.1 %
ORIENT OVERSEAS INTL LTD 4.0 %
WILH. WILHELMSEN ASA 3.9 %
Total 46.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 17.6 %
HONG KONG 10.5 %
JAPAN 10.3 %
BERMUDA 9.3 %
NORWAY 8.2 %
MONACO 5.6 %
GREECE 5.4 %
SOUTH KOREA 5.3 %
CHINA 5.2 %
DENMARK 4.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
27.1% 46.2% -- -- 22.8%

Market Correlations
versus... Beta R-squared
S&P500 0.62 14%
MSCI EAFE 0.59 20%
MSCI Emg. Mkts. 0.40 16%

Technical Indicators
Recent close $41.01
30d moving avg. $41.58
Annualized volatility 23.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 27
Turnover 1.4%
Bid/Ask (% of price) 0.72%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 384 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™: 21.3%


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
(%)
JIVE JPMorgan International Value ETF 7.9 55 14 8.4 -13.0
SUPL ProShares Supply Chain Logistics ETF 7.7 58 11 7.4 -14.0
SDIV Global X Superdividend ETF 7.3 58 11 13.8 -7.6
SHPP Pacer Industrials and Logistics ETF 7.1 60 9 6.6 -14.8
DEEP Roundhill Acquirers Deep Value ETF 5.5 80 -11 15.7 -5.6
ISHP First Trust Nasdaq Retail ETF 4.8 60 9 5.5 -15.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.5 47 22 7.7 -13.6
DVYE iShares Emerging Markets Dividend ETF 4.5 49 20 17.9 -3.4
FYLD Cambria Foreign Shareholder Yield ETF 4.2 59 10 10.2 -11.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.8 67 2 12.8 -8.6
PSCE Invesco S&P SmallCap Energy ETF 3.6 29 40 6.9 -14.5
EDEN iShares MSCI Denmark ETF 3.5 53 16 6.4 -14.9
AFSM First Trust Active Factor Small Cap ETF 3.5 75 -6 5.8 -15.6
SVAL iShares US Small Cap Value Factor ETF 3.4 20 49 7.3 -14.1
RNIN Bushido Capital US SMID Cap Equity ETF 3.4 70 -1 10.6 -10.7
SURE AdvisorShares Insiders Advantage ETF 3.3 90 -21 7.8 -13.5
XTN State Street SPDR S&P Transportation ETF 3.3 35 34 3.3 -18.1
EMIF iShares Emerging Markets Infrastructure ETF 3.3 60 9 2.9 -18.5
FJP First Trust Japan AlphaDEX Fund 3.2 80 -11 7.5 -13.8
FCA First Trust China AlphaDEX Fund 3.2 80 -11 7.5 -13.9
DIV Global X SuperDividend US ETF 3.0 45 24 9.8 -11.6
DFE WisdomTree Europe SmallCap Dividend Fund 3.0 58 11 7.6 -13.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.9 80 -11 6.9 -14.5
SFLO VictoryShares Small Cap Free Cash Flow ETF 2.8 49 20 8.0 -13.3
GCOW Pacer Global Cash Cows Dividend ETF 2.7 60 9 9.4 -12.0
AVUV Avantis U.S. Small Cap Value ETF 2.7 25 44 8.0 -13.4
UIVM VictoryShares International Value Momentum ETF 2.7 35 34 8.2 -13.1
VIDI Vident International Equity Strategy ETF 2.6 61 8 8.1 -13.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.4 65 4 7.8 -13.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.3 80 -11 6.7 -14.7
ECML Euclidean Fundamental Value ETF 2.3 95 -26 8.9 -12.4
DSMC Distillate Small/Mid Cash Flow ETF 2.2 55 14 10.9 -10.5
ZIG Acquirers Fund 2.1 84 -15 20.7 -0.6
EFAS Global X MSCI SuperDividend EAFE ETF 2.0 57 12 7.3 -14.1
OCEN IQ Clean Oceans ETF 2.0 45 24 4.6 -16.8
ENOR iShares MSCI Norway ETF 1.9 53 16 7.6 -13.8
IMOM Alpha Architect International Quantitative Momentum ETF 1.9 49 20 4.2 -17.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.9 29 40 6.4 -14.9
AVDV Avantis International Small Cap Value ETF 1.9 36 33 7.7 -13.6
NORW Global X MSCI Norway ETF 1.9 50 19 7.6 -13.7
SMCF Themes US Small Cap Cash Flow Champions ETF 1.9 29 40 9.9 -11.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.9 60 9 10.7 -10.6
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.9 35 34 6.2 -15.1
IDOG ALPS International Sector Dividend Dogs ETF 1.8 50 19 9.2 -12.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.8 70 -1 9.5 -11.8
EWH iShares MSCI Hong Kong ETF 1.8 50 19 5.4 -15.9
DLS WisdomTree International SmallCap Dividend Fund 1.7 58 11 7.5 -13.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.7 35 34 6.1 -15.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.7 58 11 7.1 -14.3
EIPX FT Energy Income Partners Strategy ETF 1.7 95 -26 5.8 -15.5
FIDI Fidelity International High Dividend ETF 1.7 18 51 7.3 -14.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.7 80 -11 9.3 -12.0
DFSV Dimensional US Small Cap Value ETF 1.6 31 38 8.8 -12.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.6 47 22 7.2 -14.1
ABLG Abacus FCF International Leaders ETF 1.6 59 10 6.4 -14.9
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 6.9 -14.5
MLPI NEOS MLP & Engy Infras Hi Inc ETF 1.6 68 1 4.1 -17.3
FEP First Trust Europe AlphaDEX Fund 1.6 80 -11 6.8 -14.6
IQDF FlexShares International Quality Dividend Index Fund 1.5 47 22 7.6 -13.8
AKAF The Frontier Economic Fund 1.4 20 49 5.2 -16.2
WCEO Hypatia Women CEO ETF 1.4 85 -16 4.7 -16.7
CGV Conductor Global Equity Value ETF 1.4 130 -61 7.7 -13.7
OAIM OneAscent International Equity ETF 1.3 95 -26 4.7 -16.7
IWN iShares Russell 2000 Value ETF 1.3 24 45 4.8 -16.6
VTWV Vanguard Russell 2000 Value ETF 1.3 10 59 5.0 -16.4
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.3 59 10 4.3 -17.0
FEM First Trust Emerging Markets AlphaDEX Fund 1.3 80 -11 9.0 -12.4
EWK iShares MSCI Belgium ETF 1.2 50 19 3.8 -17.5
FYT First Trust Small Cap Value AlphaDEX Fund 1.2 73 -4 9.9 -11.4
PSCI Invesco S&P SmallCap Industrials ETF 1.2 29 40 4.6 -16.8
DFAT Dimensional U.S. Targeted Value ETF 1.2 28 41 8.6 -12.7
EES WisdomTree U.S. SmallCap Fund 1.2 38 31 7.9 -13.5
FTXR First Trust Nasdaq Transportation ETF 1.2 60 9 6.6 -14.8
FDM First Trust Dow Jones Select MicroCap Index Fund 1.1 60 9 7.0 -14.3
ROSC Hartford Multifactor Small Cap ETF 1.1 34 35 7.2 -14.2
FDRR Fidelity Dividend ETF for Rising Rates 1.1 15 54 5.7 -15.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.1 70 -1 3.8 -17.6
FDLS Inspire Fidelis Multi Factor ETF 1.1 76 -7 3.3 -18.1
COPY Tweedy, Browne Insider + Value ETF 1.1 80 -11 14.9 -6.4
SMDV ProShares Russell 2000 Dividend Growers ETF 1.1 40 29 6.9 -14.4
SYLD Cambria Shareholder Yield ETF 1.1 59 10 10.4 -11.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.0 25 44 7.7 -13.6
PSC Principal U.S. Small-Cap ETF 1.0 38 31 3.7 -17.7
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -14 7.8 -13.6
VAMO Cambria Value & Momentum ETF 1.0 61 8 5.3 -16.1
OBOR KraneShares MSCI One Belt One Road Index ETF 1.0 79 -10 7.5 -13.8
CLNR IQ Cleaner Transport ETF 1.0 45 24 3.9 -17.4
BOUT Innovator IBD Breakout Opportunities ETF 0.9 81 -12 2.9 -18.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 13 9.8 -11.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.9 29 40 7.0 -14.3
ICPY Tweedy, Browne International Insider Value ETF 0.9 80 -11 21.5 +0.2
GWX SPDR S&P International Small Cap ETF 0.9 40 29 5.9 -15.4
AFMC First Trust Active Factor Mid Cap ETF 0.9 65 4 7.0 -14.4
AVSC Avantis U.S Small Cap Equity ETF 0.9 25 44 4.7 -16.7
JPIN J.P. Morgan Diversified Return International Equity ETF 0.9 37 32 7.2 -14.2
IYT iShares US Transportation ETF 0.9 40 29 4.4 -17.0
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 34 9.0 -12.4
GREK Global X MSCI Greece ETF 0.9 57 12 9.4 -11.9
FIVA Fidelity International Value Factor ETF 0.8 18 51 7.3 -14.0
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.8 15 54 9.0 -12.4
IJS iShares S&P Small-Cap 600 Value ETF 0.8 18 51 8.9 -12.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.8 10 59 9.0 -12.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.8 20 49 4.0 -17.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.8 35 34 6.6 -14.8
FNK First Trust Mid Cap Value AlphaDEX Fund 0.8 70 -1 9.7 -11.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.8 52 17 5.1 -16.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.8 39 30 6.2 -15.1
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.8 59 10 8.5 -12.9
DISV Dimensional International Small Cap Value ETF 0.8 42 27 8.1 -13.2
CALF Pacer US Small Cap Cash Cows 100 ETF 0.8 59 10 9.0 -12.3
ABLS Abacus FCF Small Cap Leaders ETF 0.7 59 10 4.5 -16.8
ISRA VanEck Israel ETF 0.7 59 10 5.9 -15.5
DTH WisdomTree International High Dividend Fund 0.7 58 11 7.4 -14.0
VFMF Vanguard U.S. Multifactor ETF 0.7 18 51 6.6 -14.8
AVDS Avantis International Small Cap Equity ETF 0.7 30 39 6.0 -15.3
EYLD Cambria Emerging Shareholder Yield ETF 0.7 66 3 9.2 -12.1
XJR iShares ESG Screened S&P Small-Cap ETF 0.7 12 57 6.2 -15.2
RSSL Global X Russell 2000 ETF 0.7 8 61 2.7 -18.7
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 39 8.1 -13.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.7 45 24 9.7 -11.7
FESM Fidelity Enhanced Small Cap ETF 0.7 28 41 2.3 -19.1
VFMO Vanguard U.S. Momentum Factor ETF 0.7 13 56 1.7 -19.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 7.3 -14.1
EWJV iShares MSCI Japan Value ETF 0.6 15 54 7.0 -14.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.6 61 8 5.4 -16.0
IWM iShares Russell 2000 ETF 0.6 19 50 2.6 -18.7
EIS iShares MSCI Israel ETF 0.6 58 11 6.4 -14.9
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.6 3 66 6.4 -15.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 33 8.3 -13.1
ISMD Inspire Small/Mid Cap ETF 0.6 54 15 5.0 -16.3
QINT American Century Quality Diversified International ETF 0.6 39 30 6.6 -14.8
VIOO Vanguard S&P Small-Cap 600 ETF 0.6 7 62 6.2 -15.1
IJR iShares Core S&P Small Cap ETF 0.6 6 63 6.3 -15.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 30 2.3 -19.1
DIM WisdomTree International MidCap Dividend Fund 0.6 58 11 6.4 -15.0
FSMD Fidelity Small-Mid Multifactor ETF 0.6 15 54 6.5 -14.9
STXK Strive Small-Cap ETF 0.6 18 51 5.2 -16.1
VTWO Vanguard Russell 2000 ETF 0.6 7 62 2.8 -18.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 50 19 8.1 -13.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 30 7.0 -14.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 30 6.8 -14.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 60 3.7 -17.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.5 20 49 5.8 -15.6
IWC iShares Micro-Cap ETF 0.5 60 9 -1.4 -22.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -26 10.0 -11.3
DFAS Dimensional U.S. Small Cap ETF 0.5 26 43 5.6 -15.8
FFTY Innovator IBD 50 ETF 0.5 80 -11 -0.0 -21.4
GXC SPDR S & P China ETF 0.5 59 10 18.6 -2.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 49 5.7 -15.7
BFOR ALPS Barron's 400 ETF 0.5 65 4 5.0 -16.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 60 6.6 -14.8
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 -11 6.0 -15.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 24 6.8 -14.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.5 67 2 8.7 -12.7
EIRL iShares MSCI Ireland ETF 0.5 50 19 7.1 -14.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 20 6.1 -15.2
IPKW Invesco International BuyBack Achievers ETF 0.5 55 14 8.2 -13.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 6.2 -15.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.5 9 60 7.8 -13.6
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 17 6.6 -14.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 44 6.2 -15.1
SCHC Schwab International Small-Cap Equity ETF 0.4 11 58 6.7 -14.7
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 27 6.7 -14.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 34 7.2 -14.2
EBI Longview Advantage ETF 0.4 35 34 5.9 -15.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 65 5.2 -16.1
WBIY WBI Power Factor High Dividend ETF 0.4 100 -31 12.2 -9.2
IDV iShares International Select Dividend ETF 0.4 51 18 9.1 -12.3
FXI iShares China Large-Cap ETF 0.4 74 -5 21.0 -0.3
JPXN iShares JPX-Nikkei 400 ETF 0.4 48 21 5.4 -15.9
FENI Fidelity Enhanced International ETF 0.4 28 41 5.8 -15.5
FDVV Fidelity High Dividend ETF 0.4 15 54 6.6 -14.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 29 6.1 -15.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 44 6.3 -15.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 9 6.2 -15.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 59 3.7 -17.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 20 13.4 -7.9
BBJP JPMorgan BetaBuilders Japan ETF 0.4 19 50 5.3 -16.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.4 47 22 4.6 -16.7
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 54 3.7 -17.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 7.4 -14.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 51 3.7 -17.7
GLOF iShares Global Equity Factor ETF 0.4 20 49 5.6 -15.8
DXIV Dimensional International Vector Equity ETF 0.4 34 35 6.6 -14.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 54 4.9 -16.4
INEQ Columbia International Equity Income ETF 0.4 45 24 7.9 -13.4
AVDE Avantis International Equity ETF 0.4 23 46 6.2 -15.1
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 27 6.0 -15.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 30 13.7 -7.6
ETHO Etho Climate Leadership U.S. ETF 0.3 47 22 4.2 -17.1
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 31 8.1 -13.2
EWJ iShares MSCI Japan ETF 0.3 50 19 4.9 -16.4
SMOX Horizon Small/Mid Cap Core Equity ETF 0.3 75 -6 5.3 -16.0
DFIS Dimensional International Small Cap ETF 0.3 39 30 6.1 -15.2
HEWJ iShares Currency Hedged MSCI Japan ETF 0.3 50 19 5.4 -15.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 7.4 -13.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 61 6.3 -15.0
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 44 6.0 -15.3
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 5.5 -15.8
FLJP Franklin FTSE Japan ETF 0.3 9 60 5.4 -16.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 30 3.5 -17.8
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 63 7.8 -13.6
FLJH Franklin FTSE Japan Hedged ETF 0.3 9 60 5.1 -16.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 37 13.7 -7.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 4 6.5 -14.9
EFV iShares MSCI EAFE Value ETF 0.3 34 35 7.6 -13.7
DFIV Dimensional International Value ETF 0.3 27 42 7.8 -13.5
FENY Fidelity MSCI Energy Index ETF 0.3 8 61 6.8 -14.5
MCHI iShares MSCI China ETF 0.3 59 10 20.2 -1.1
INTF iShares International Equity Factor ETF 0.3 15 54 6.5 -14.8
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.3 27 42 6.5 -14.8
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 22 5.1 -16.2
DXUV Dimensional US Vector Equity ETF 0.3 28 41 5.2 -16.1
SMMD iShares Russell 2500 ETF 0.3 15 54 5.5 -15.8
AVES Avantis Emerging Markets Value ETF 0.3 36 33 8.9 -12.4
FLCH Franklin FTSE China ETF 0.3 19 50 18.0 -3.4
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 62 9.5 -11.9
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 44 6.1 -15.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 39 6.2 -15.1
VPL Vanguard FTSE Pacific ETF 0.3 7 62 5.3 -16.1
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 5.4 -15.9
JHMD John Hancock Multifactor Developed International ETF 0.3 39 30 6.2 -15.1
VFVA Vanguard U.S. Value Factor ETF 0.3 13 56 9.4 -12.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 5.7 -15.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.2 80 -11 5.6 -15.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 34 10.0 -11.3
AVEM Avantis Emerging Markets Equity ETF 0.2 33 36 7.0 -14.3
EXI iShares Global Industrials ETF 0.2 42 27 3.6 -17.8
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 6.3 -15.1
VDE Vanguard Energy ETF 0.2 9 60 6.8 -14.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 5.9 -15.4
SFGV Sequoia Global Value ETF 0.2 23 46 7.1 -14.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 25 9.5 -11.8
PIEL Pacer International Export Leaders ETF 0.2 60 9 4.1 -17.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 49 5.6 -15.7
AVIV Avantis International Large Cap Value ETF 0.2 25 44 7.0 -14.4
IQSI IQ Candriam International Equity ETF 0.2 15 54 5.6 -15.8
FLKR Franklin FTSE South Korea ETF 0.2 9 60 4.3 -17.1
EWY iShares MSCI South Korea ETF 0.2 58 11 3.2 -18.1
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 57 3.4 -17.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 8.6 -12.7
DIHP Dimensional International High Profitability ETF 0.2 29 40 5.8 -15.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 55 5.3 -16.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 5.8 -15.5
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 8.1 -13.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 5.9 -15.5
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 6.1 -15.3
SCHA Schwab U.S. Small-Cap ETF 0.2 4 65 4.4 -17.0
WSML iShares MSCI World Small-Cap ETF 0.2 15 54 5.3 -16.0
DEW WisdomTree Global High Dividend Fund 0.2 58 11 7.2 -14.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 44 5.5 -15.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 6.4 -14.9
ISCB iShares Morningstar Small-Cap ETF 0.2 4 65 5.4 -15.9
DWMF WisdomTree International Multifactor Fund 0.2 38 31 7.0 -14.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 6.7 -14.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 20 7.5 -13.8
VBR Vanguard Small Cap Value ETF 0.2 7 62 7.9 -13.5
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 6.0 -15.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 49 5.7 -15.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 33 5.4 -16.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 45 6.9 -14.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 7.1 -14.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 5.5 -15.8
DFAI Dimensional International Core Equity Market ETF 0.2 18 51 6.1 -15.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 40 6.6 -14.8
PKW Invesco Buyback Achievers ETF 0.2 62 7 7.4 -14.0
VEA Vanguard FTSE Developed Markets ETF 0.2 3 66 6.0 -15.4
BKIE BNY Mellon International Equity ETF 0.2 4 65 6.0 -15.3
EFA iShares MSCI EAFE ETF 0.2 35 34 5.8 -15.6
HEFA iShares Currency Hedged MSCI EAFE ETF 0.2 35 34 5.8 -15.6
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 62 6.6 -14.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.1 70 -1 6.9 -14.4
BKF iShares MSCI BIC ETF 0.1 69 0 14.9 -6.5
CIL VictoryShares International Volatility Wtd ETF 0.1 45 24 5.8 -15.5
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 36 6.6 -14.7
VXF Vanguard Extended Market ETF 0.1 5 64 3.7 -17.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 6.4 -15.0
VXUS Vanguard Total International Stock ETF 0.1 5 64 6.7 -14.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 29 5.7 -15.6
SPEU SPDR Portfolio Europe ETF 0.1 7 62 6.5 -14.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 4.7 -16.7
SCHF Schwab International Equity ETF 0.1 6 63 6.0 -15.4
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 52 12.9 -8.5
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 34 6.3 -15.0
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 29 7.7 -13.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 6.0 -15.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 33 7.6 -13.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.8 -15.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 20 7.5 -13.8
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 6.1 -15.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 39 7.6 -13.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 6.7 -14.6
DWM WisdomTree International Equity Fund 0.1 48 21 5.7 -15.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 40 5.6 -15.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 7.9 -13.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 8.6 -12.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 54 8.0 -13.4
XCEM Columbia EM Core ex-China ETF 0.1 16 53 4.9 -16.4
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 29 3.7 -17.7
VGK Vanguard FTSE Europe ETF 0.1 6 63 6.6 -14.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 6.4 -15.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 39 4.7 -16.7
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 5.5 -15.8
IEUR iShares Core MSCI Europe ETF 0.1 11 58 6.4 -15.0
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 4.9 -16.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 8.1 -13.3
AVUS Avantis U.S. Equity ETF 0.1 15 54 4.7 -16.6
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 8.8 -12.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 5.7 -15.7
VB Vanguard Small-Cap ETF 0.1 5 64 5.2 -16.1
VIS Vanguard Industrials ETF 0.1 9 60 3.6 -17.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 4.9 -16.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 7.2 -14.2
IGF iShares Global Infrastructure ETF 0.1 41 28 4.2 -17.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 11 6.4 -14.9
GII SPDR S&P Global Infrastructure ETF 0.1 40 29 4.3 -17.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 7.0 -14.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.2 -16.1
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 4.6 -16.8
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 6.5 -14.8
IGE iShares North American Natural Resources ETF 0.1 41 28 5.7 -15.6
VSGX Vanguard ESG International Stock ETF 0.1 10 59 6.6 -14.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 39 8.0 -13.3
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 7.8 -13.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.1 69 0 7.4 -13.9
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 8.2 -13.2
IEV iShares Europe ETF 0.1 67 2 5.9 -15.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 6.7 -14.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 5.5 -15.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 4.9 -16.4
FFF Founders 100 ETF 0.1 75 -6 2.4 -18.9
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 9.5 -11.8
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 9.2 -12.2
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 6.2 -15.1
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 21 5.3 -16.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -1 6.5 -14.9
VT Vanguard Total World Stock ETF 0.1 6 63 5.0 -16.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.7 -18.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 44 6.1 -15.2
DFAU Dimensional US Core Equity Market ETF 0.1 12 57 4.3 -17.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 37 7.4 -13.9
FLEE Franklin FTSE Europe ETF 0.1 9 60 6.3 -15.0
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 25 7.5 -13.8
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 5.6 -15.7
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 57 6.2 -15.2
DFEV Dimensional Emerging Markets Value ETF 0.0 43 26 9.4 -11.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.0 25 44 6.2 -15.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 24 5.6 -15.8
IUS Invesco RAFI Strategic US ETF 0.0 19 50 5.6 -15.8
ACWI iShares MSCI ACWI ETF 0.0 32 37 4.6 -16.7
URTH iShares MSCI World ETF 0.0 24 45 4.3 -17.0
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 6.2 -15.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 4.9 -16.5
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 7.0 -14.4
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 44 5.1 -16.3
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.1 -17.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 6.1 -15.3
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 3.6 -17.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 54 8.8 -12.5
IWV iShares Russell 3000 ETF 0.0 20 49 4.0 -17.4
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.1 -17.2
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 35 5.6 -15.7
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 46 7.3 -14.1
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 4.9 -16.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 5.1 -16.3
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 6.0 -15.3
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 51 0.0 -21.3
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 35 5.2 -16.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 4.4 -17.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 4.0 -17.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 2.9 -18.5
TOK iShares MSCI Kokusai ETF 0.0 26 43 4.3 -17.1
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 66 4.3 -17.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.1 -17.2
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.1 -17.2
PFM Invesco Dividend Achievers ETF 0.0 53 16 4.6 -16.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 4.2 -17.1
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 5.7 -15.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.1 -17.2
AVSD Avantis Responsible International Equity ETF 0.0 23 46 6.0 -15.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.1 -17.2
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 3.6 -17.8
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 4.6 -16.7
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 5.7 -15.7

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 20.9 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 21.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.77 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.