SonicShares Global Shipping ETF
ALTAR
Score™		 16.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 12.9x P/Sales
ratio		 1.6x
P/BV
ratio		 1.2x Div.
yield		 3.1%


  • 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) $140
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 47
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
A.P. MOLLER - MAERSK A/S CLASS B 5.2 %
FRONTLINE LTD. 5.1 %
MITSUI OSK LINES LTD 5.0 %
SITC INTERNATIONAL HOLDINGS 5.0 %
KAWASAKI KISEN KAISHA LTD 4.9 %
HYUNDAI MERCHANT MARINE 4.5 %
WILH. WILHELMSEN ASA 4.3 %
INTERNATIONAL SEAWAYS, INC. 4.3 %
ORIENT OVERSEAS INTL LTD 4.2 %
HAFNIA LTD. 4.1 %
Total 46.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 16.5 %
JAPAN 10.6 %
HONG KONG 10.2 %
BERMUDA 9.0 %
NORWAY 8.5 %
DENMARK 5.4 %
SOUTH KOREA 5.3 %
CHINA 5.2 %
GREECE 4.7 %
MONACO 4.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
67.9% 75.3% 25.3% -- 27.9%

Market Correlations
versus... Beta R-squared
S&P500 0.56 11%
MSCI EAFE 0.54 16%
MSCI Emg. Mkts. 0.29 12%

Technical Indicators
Recent close $52.43
30d moving avg. $42.76
Annualized volatility 23.2%
Short interest (ETF) 0.7%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 86
Turnover 3.2%
Bid/Ask (% of price) 0.66%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 389 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™: 16.8%


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
(%)
SHPP Pacer Industrials and Logistics ETF 8.8 60 9 6.8 -10.0
SUPL ProShares Supply Chain Logistics ETF 7.9 58 11 8.0 -8.8
ISHP First Trust Nasdaq Retail ETF 6.1 60 9 5.8 -11.0
DEEP Roundhill Acquirers Deep Value ETF 6.1 80 -11 15.6 -1.2
FYLD Cambria Foreign Shareholder Yield ETF 5.5 59 10 9.9 -6.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.2 47 22 7.6 -9.2
PSCE Invesco S&P SmallCap Energy ETF 5.1 29 40 6.9 -9.9
DVYE iShares Emerging Markets Dividend ETF 5.0 49 20 17.8 +1.0
RNIN Bushido Capital US SMID Cap Equity ETF 4.8 70 -1 9.8 -7.0
EDEN iShares MSCI Denmark ETF 4.6 53 16 6.5 -10.3
FJP First Trust Japan AlphaDEX Fund 4.5 80 -11 7.1 -9.7
AFSM First Trust Active Factor Small Cap ETF 4.0 75 -6 5.6 -11.2
SDIV Global X Superdividend ETF 3.9 58 11 14.6 -2.2
IMOM Alpha Architect International Quantitative Momentum ETF 3.9 49 20 4.6 -12.2
SVAL iShares US Small Cap Value Factor ETF 3.8 20 49 7.1 -9.8
FCA First Trust China AlphaDEX Fund 3.8 80 -11 9.1 -7.7
VIDI Vident International Equity Strategy ETF 3.8 61 8 8.2 -8.6
XTN State Street SPDR S&P Transportation ETF 3.8 35 34 3.7 -13.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.5 80 -11 7.1 -9.7
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.4 65 4 5.3 -11.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.0 80 -11 6.8 -10.0
SURE AdvisorShares Insiders Advantage ETF 2.9 90 -21 7.9 -9.0
EMIF iShares Emerging Markets Infrastructure ETF 2.9 60 9 2.9 -13.9
DFE WisdomTree Europe SmallCap Dividend Fund 2.9 58 11 7.9 -9.0
GRPZ Invesco S&P SmallCap 600 GARP ETF 2.7 35 34 6.2 -10.6
SFLO VictoryShares Small Cap Free Cash Flow ETF 2.7 49 20 7.3 -9.5
EFAS Global X MSCI SuperDividend EAFE ETF 2.6 57 12 7.6 -9.3
AVUV Avantis U.S. Small Cap Value ETF 2.6 25 44 8.1 -8.7
IDOG ALPS International Sector Dividend Dogs ETF 2.5 50 19 9.6 -7.2
DIV Global X SuperDividend US ETF 2.5 45 24 9.9 -6.9
UIVM VictoryShares International Value Momentum ETF 2.5 35 34 8.1 -8.7
NORW Global X MSCI Norway ETF 2.5 50 19 8.1 -8.7
ENOR iShares MSCI Norway ETF 2.4 53 16 7.9 -8.9
EWH iShares MSCI Hong Kong ETF 2.3 50 19 5.6 -11.3
HYP Golden Eagle Dynamic Hypergrowth ETF 2.3 85 -16 -0.8 -17.6
DSMC Distillate Small/Mid Cash Flow ETF 2.3 55 14 10.5 -6.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.3 80 -11 8.7 -8.2
ABLG Abacus FCF International Leaders ETF 2.2 59 10 6.8 -10.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 9 11.1 -5.7
SMCF Themes US Small Cap Cash Flow Champions ETF 2.2 29 40 9.9 -6.9
FEP First Trust Europe AlphaDEX Fund 2.1 80 -11 7.2 -9.6
IVAL Alpha Architect International Quantitative Value ETF 2.1 49 20 7.6 -9.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 2.1 36 33 8.5 -8.3
AKAF The Frontier Economic Fund 2.1 20 49 5.6 -11.3
AVDV Avantis International Small Cap Value ETF 2.0 36 33 7.6 -9.2
DLS WisdomTree International SmallCap Dividend Fund 2.0 58 11 7.4 -9.4
PSCI Invesco S&P SmallCap Industrials ETF 1.9 29 40 4.9 -11.9
DFSV Dimensional US Small Cap Value ETF 1.9 31 38 8.9 -7.9
FYT First Trust Small Cap Value AlphaDEX Fund 1.8 73 -4 9.9 -6.9
ZIG Acquirers Fund 1.7 84 -15 22.3 +5.5
ECML Euclidean Fundamental Value ETF 1.7 95 -26 8.8 -8.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.7 29 40 6.6 -10.2
FIDI Fidelity International High Dividend ETF 1.7 18 51 7.4 -9.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.7 58 11 9.2 -7.6
GCOW Pacer Global Cash Cows Dividend ETF 1.6 60 9 9.6 -7.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.6 35 34 6.1 -10.7
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 7.1 -9.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.6 39 30 3.7 -13.1
WCEO Hypatia Women CEO ETF 1.6 85 -16 4.7 -12.2
FTXR First Trust Nasdaq Transportation ETF 1.5 60 9 7.4 -9.5
EWK iShares MSCI Belgium ETF 1.5 50 19 4.1 -12.7
IWN iShares Russell 2000 Value ETF 1.5 24 45 4.8 -12.0
CGV Conductor Global Equity Value ETF 1.5 130 -61 7.9 -8.9
MLPI NEOS MLP & Engy Infras Hi Inc ETF 1.4 68 1 4.6 -12.3
VTWV Vanguard Russell 2000 Value ETF 1.4 10 59 5.0 -11.9
ABLD Abacus FCF Real Assets Leaders ETF 1.4 69 0 6.8 -10.0
FEM First Trust Emerging Markets AlphaDEX Fund 1.4 80 -11 8.7 -8.1
DFAT Dimensional U.S. Targeted Value ETF 1.4 28 41 8.8 -8.0
AFMC First Trust Active Factor Mid Cap ETF 1.3 65 4 7.1 -9.8
OAIM OneAscent International Equity ETF 1.3 95 -26 4.4 -12.4
GWX SPDR S&P International Small Cap ETF 1.3 40 29 5.8 -11.0
EIPX FT Energy Income Partners Strategy ETF 1.2 95 -26 6.0 -10.8
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.2 59 10 4.4 -12.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.2 70 -1 4.3 -12.5
EES WisdomTree U.S. SmallCap Fund 1.2 38 31 7.9 -8.9
SMDV ProShares Russell 2000 Dividend Growers ETF 1.2 40 29 7.1 -9.8
ROSC Hartford Multifactor Small Cap ETF 1.1 34 35 7.2 -9.6
FDLS Inspire Fidelis Multi Factor ETF 1.1 76 -7 3.2 -13.6
FDRR Fidelity Dividend ETF for Rising Rates 1.1 15 54 5.6 -11.2
SYLD Cambria Shareholder Yield ETF 1.0 59 10 10.3 -6.5
IYT iShares US Transportation ETF 1.0 40 29 4.9 -11.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 22 7.2 -9.6
DISV Dimensional International Small Cap Value ETF 1.0 42 27 8.0 -8.9
FSCS First Trust SMID Capital Strength ETF 1.0 60 9 7.4 -9.4
VAMO Cambria Value & Momentum ETF 1.0 61 8 5.5 -11.4
OCEN IQ Clean Oceans ETF 1.0 45 24 4.7 -12.2
RSSL Global X Russell 2000 ETF 1.0 8 61 2.8 -14.1
AVSC Avantis U.S Small Cap Equity ETF 1.0 25 44 4.6 -12.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.0 10 59 9.1 -7.7
IJS iShares S&P Small-Cap 600 Value ETF 1.0 18 51 9.1 -7.8
OBOR KraneShares MSCI One Belt One Road Index ETF 1.0 79 -10 7.3 -9.5
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.9 15 54 9.2 -7.7
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.9 59 10 8.2 -8.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.9 61 8 5.3 -11.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.9 35 34 3.3 -13.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.9 29 40 7.1 -9.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.9 65 4 7.4 -9.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 34 9.4 -7.5
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 44 7.9 -9.0
PSC Principal U.S. Small-Cap ETF 0.9 38 31 3.7 -13.2
ISRA VanEck Israel ETF 0.9 59 10 5.9 -10.9
XSMO Invesco S&P SmallCap Momentum ETF 0.9 39 30 3.9 -12.9
IWC iShares Micro-Cap ETF 0.9 60 9 -1.4 -18.2
IWM iShares Russell 2000 ETF 0.9 19 50 2.7 -14.1
VTWO Vanguard Russell 2000 ETF 0.9 7 62 2.8 -14.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 13 10.0 -6.8
IQDF FlexShares International Quality Dividend Index Fund 0.9 47 22 7.5 -9.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.9 37 32 7.2 -9.6
XJR iShares ESG Screened S&P Small-Cap ETF 0.8 12 57 6.3 -10.5
IVLU iShares MSCI Intl Value Factor ETF 0.8 30 39 8.1 -8.7
DTH WisdomTree International High Dividend Fund 0.8 58 11 7.4 -9.4
FIVA Fidelity International Value Factor ETF 0.8 18 51 7.4 -9.4
EWJV iShares MSCI Japan Value ETF 0.8 15 54 6.5 -10.4
EIS iShares MSCI Israel ETF 0.8 58 11 6.8 -10.0
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 3 8.8 -8.0
AVDS Avantis International Small Cap Equity ETF 0.8 30 39 6.0 -10.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.7 15 54 6.4 -10.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 30 6.3 -10.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 7 62 6.3 -10.5
IJR iShares Core S&P Small Cap ETF 0.7 6 63 6.5 -10.4
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.7 3 66 6.5 -10.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 49 4.0 -12.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 20 6.1 -10.7
IEUS iShares MSCI Europe Small-Cap ETF 0.7 42 27 7.0 -9.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 30 6.7 -10.1
GREK Global X MSCI Greece ETF 0.7 57 12 8.4 -8.4
STXK Strive Small-Cap ETF 0.7 18 51 5.3 -11.5
FNK First Trust Mid Cap Value AlphaDEX Fund 0.7 70 -1 10.0 -6.9
VFMF Vanguard U.S. Multifactor ETF 0.6 18 51 6.5 -10.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 24 9.9 -6.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.6 52 17 5.2 -11.7
IPKW Invesco International BuyBack Achievers ETF 0.6 55 14 8.1 -8.7
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.6 35 34 6.8 -10.0
SCHC Schwab International Small-Cap Equity ETF 0.6 11 58 6.6 -10.2
BFOR ALPS Barron's 400 ETF 0.6 65 4 22.1 +5.3
GXC SPDR S & P China ETF 0.6 59 10 20.5 +3.7
DIM WisdomTree International MidCap Dividend Fund 0.6 58 11 6.4 -10.4
CALF Pacer US Small Cap Cash Cows 100 ETF 0.6 59 10 8.6 -8.2
DFAS Dimensional U.S. Small Cap ETF 0.6 26 43 5.7 -11.1
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -11 14.7 -2.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.6 22 47 5.7 -11.1
EBI Longview Advantage ETF 0.6 35 34 5.9 -10.9
DWMF WisdomTree International Multifactor Fund 0.6 38 31 7.0 -9.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.6 45 24 6.8 -10.0
QINT American Century Quality Diversified International ETF 0.6 39 30 6.7 -10.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 44 6.0 -10.9
IDV iShares International Select Dividend ETF 0.6 51 18 9.7 -7.2
ISMD Inspire Small/Mid Cap ETF 0.6 54 15 5.1 -11.8
FAB First Trust Multi Cap Value AlphaDEX Fund 0.6 67 2 8.9 -7.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 30 2.2 -14.6
VFMO Vanguard U.S. Momentum Factor ETF 0.5 13 56 1.7 -15.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 29 6.2 -10.7
FSMD Fidelity Small-Mid Multifactor ETF 0.5 15 54 6.7 -10.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 19 7.9 -8.9
JPXN iShares JPX-Nikkei 400 ETF 0.5 48 21 5.0 -11.8
AUSF Global X Adaptive U.S. Factor ETF 0.5 27 42 8.4 -8.4
FESM Fidelity Enhanced Small Cap ETF 0.5 28 41 2.3 -14.5
SMOX Horizon Small/Mid Cap Core Equity ETF 0.5 75 -6 5.5 -11.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.5 65 4 8.3 -8.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.5 25 44 7.4 -9.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 59 3.8 -13.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 30 7.0 -9.8
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 -11 6.3 -10.5
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 51 3.8 -13.0
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.5 15 54 3.8 -13.0
PKW Invesco Buyback Achievers ETF 0.5 62 7 7.3 -9.6
CLNR IQ Cleaner Transport ETF 0.5 45 24 4.0 -12.8
EWY iShares MSCI South Korea ETF 0.5 58 11 3.1 -13.7
DFIS Dimensional International Small Cap ETF 0.5 39 30 6.2 -10.7
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 17 6.8 -10.0
GLOF iShares Global Equity Factor ETF 0.5 20 49 5.5 -11.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 54 5.0 -11.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 61 6.4 -10.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 9 6.5 -10.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 44 6.2 -10.6
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.4 35 34 6.6 -10.3
FNDA Schwab Fundamental US Small Co. Index ETF 0.4 25 44 6.3 -10.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.4 35 34 10.0 -6.8
HEWJ iShares Currency Hedged MSCI Japan ETF 0.4 50 19 5.0 -11.8
DXIV Dimensional International Vector Equity ETF 0.4 34 35 6.7 -10.2
FXI iShares China Large-Cap ETF 0.4 74 -5 22.6 +5.8
JHID John Hancock International High Dividend ETF 0.4 46 23 8.1 -8.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 3.7 -13.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 49 5.7 -11.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.4 30 39 6.1 -10.7
EWJ iShares MSCI Japan ETF 0.4 50 19 4.5 -12.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 13.4 -3.4
MCHI iShares MSCI China ETF 0.4 59 10 22.3 +5.5
ETHO Etho Climate Leadership U.S. ETF 0.4 47 22 4.0 -12.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.4 90 -21 3.3 -13.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 65 16.1 -0.7
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.4 95 -26 -0.5 -17.3
INEQ Columbia International Equity Income ETF 0.4 45 24 8.0 -8.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 4 6.7 -10.1
AVDE Avantis International Equity ETF 0.4 23 46 6.3 -10.6
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 9 -0.9 -17.7
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.4 20 49 5.9 -10.9
IPAC iShares Core MSCI Pacific ETF 0.4 9 60 5.3 -11.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 44 6.5 -10.3
EIRL iShares MSCI Ireland ETF 0.4 50 19 7.0 -9.8
EFV iShares MSCI EAFE Value ETF 0.4 34 35 7.6 -9.2
INTF iShares International Equity Factor ETF 0.4 15 54 6.5 -10.3
FDVV Fidelity High Dividend ETF 0.4 15 54 6.8 -10.0
SMMD iShares Russell 2500 ETF 0.4 15 54 5.7 -11.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 20 13.4 -3.5
AVIV Avantis International Large Cap Value ETF 0.4 25 44 7.0 -9.9
DFIV Dimensional International Value ETF 0.3 27 42 7.8 -9.0
JHSC John Hancock Multifactor Small Cap ETF 0.3 42 27 6.3 -10.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.3 35 34 7.2 -9.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 60 6.6 -10.2
VDE Vanguard Energy ETF 0.3 9 60 6.3 -10.5
JIVE JPMorgan International Value ETF 0.3 55 14 8.1 -8.7
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 22 5.0 -11.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 7.5 -9.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 5.6 -11.2
FENI Fidelity Enhanced International ETF 0.3 28 41 5.8 -11.0
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 63 7.9 -8.9
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 31 8.3 -8.5
VPL Vanguard FTSE Pacific ETF 0.3 7 62 5.0 -11.9
EXI iShares Global Industrials ETF 0.3 42 27 3.7 -13.1
FENY Fidelity MSCI Energy Index ETF 0.3 8 61 6.4 -10.4
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 62 9.5 -7.3
DFIC Dimensional International Core Equity 2 ETF 0.3 23 46 6.3 -10.5
BBJP JPMorgan BetaBuilders Japan ETF 0.3 19 50 5.0 -11.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 22 4.3 -12.5
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 44 6.0 -10.9
IWO iShares Russell 2000 Growth ETF 0.3 24 45 0.5 -16.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 37 16.3 -0.5
FDM First Trust Dow Jones Select MicroCap Index Fund 0.3 60 9 7.1 -9.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 66 5.8 -11.0
WSML iShares MSCI World Small-Cap ETF 0.3 15 54 5.5 -11.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 39 7.4 -9.4
FLCH Franklin FTSE China ETF 0.3 19 50 19.9 +3.1
DIHP Dimensional International High Profitability ETF 0.3 29 40 5.9 -10.9
FLJP Franklin FTSE Japan ETF 0.3 9 60 5.0 -11.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 6.1 -10.7
FLJH Franklin FTSE Japan Hedged ETF 0.2 9 60 4.8 -12.0
SFGV Sequoia Global Value ETF 0.2 23 46 7.2 -9.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 8.6 -8.3
VTWG Vanguard Russell 2000 Growth ETF 0.2 10 59 0.7 -16.1
DXUV Dimensional US Vector Equity ETF 0.2 28 41 5.2 -11.6
BKF iShares MSCI BIC ETF 0.2 69 0 15.7 -1.1
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 6.1 -10.7
AVEM Avantis Emerging Markets Equity ETF 0.2 33 36 6.9 -9.9
SCHA Schwab U.S. Small-Cap ETF 0.2 4 65 4.5 -12.3
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 57 3.4 -13.4
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 8.0 -8.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 6.4 -10.4
ISCB iShares Morningstar Small-Cap ETF 0.2 4 65 5.5 -11.3
VFVA Vanguard U.S. Value Factor ETF 0.2 13 56 9.2 -7.6
DFAI Dimensional International Core Equity Market ETF 0.2 18 51 6.1 -10.7
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 6.1 -10.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 33 5.8 -11.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 49 5.7 -11.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 6.8 -10.1
VBR Vanguard Small Cap Value ETF 0.2 7 62 8.1 -8.7
VEA Vanguard FTSE Developed Markets ETF 0.2 3 66 5.9 -10.9
FLKR Franklin FTSE South Korea ETF 0.2 9 60 3.9 -12.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 25 9.7 -7.1
IQSI IQ Candriam International Equity ETF 0.2 15 54 5.6 -11.2
DEW WisdomTree Global High Dividend Fund 0.2 58 11 7.4 -9.4
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 62 6.6 -10.2
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 20 7.4 -9.4
HEFA iShares Currency Hedged MSCI EAFE ETF 0.2 35 34 5.7 -11.1
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 52 12.9 -3.9
EFA iShares MSCI EAFE ETF 0.2 35 34 5.8 -11.0
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 49 5.6 -11.2
SPEU SPDR Portfolio Europe ETF 0.2 7 62 6.8 -10.0
VXF Vanguard Extended Market ETF 0.2 5 64 3.8 -13.0
JHMD John Hancock Multifactor Developed International ETF 0.2 39 30 6.3 -10.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 5.1 -11.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 40 6.2 -10.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 20 7.5 -9.3
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -37 10.5 -6.4
VXUS Vanguard Total International Stock ETF 0.2 5 64 6.6 -10.2
SCHF Schwab International Equity ETF 0.2 6 63 5.9 -10.9
IEUR iShares Core MSCI Europe ETF 0.2 11 58 6.6 -10.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 5.9 -10.9
ACSG American Century Small Cap Growth Insights ETF 0.2 49 20 4.9 -11.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 55 5.3 -11.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 45 7.1 -9.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 4.7 -12.1
VGK Vanguard FTSE Europe ETF 0.1 6 63 6.8 -10.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 6.4 -10.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 50 7.0 -9.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 44 5.5 -11.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.1 9 60 7.9 -8.9
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 11 6.1 -10.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 39 4.7 -12.1
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 6.0 -10.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 6.7 -10.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 6.4 -10.4
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 36 6.5 -10.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 29 5.8 -11.0
BKIE BNY Mellon International Equity ETF 0.1 4 65 18.1 +1.3
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.8 -14.0
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 5.5 -11.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 33 5.2 -11.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 11 6.8 -10.0
AVES Avantis Emerging Markets Value ETF 0.1 36 33 9.0 -7.9
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 46 7.3 -9.5
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 6.4 -10.4
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 8.8 -8.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 5.6 -11.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 39 7.9 -9.0
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.1 69 0 7.6 -9.2
VB Vanguard Small-Cap ETF 0.1 5 64 5.4 -11.5
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 7.7 -9.1
VIS Vanguard Industrials ETF 0.1 9 60 3.9 -12.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 40 5.7 -11.1
AVUS Avantis U.S. Equity ETF 0.1 15 54 4.8 -12.1
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 8.1 -8.7
IEV iShares Europe ETF 0.1 67 2 6.2 -10.7
IGF iShares Global Infrastructure ETF 0.1 41 28 4.6 -12.2
IGE iShares North American Natural Resources ETF 0.1 41 28 5.6 -11.2
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 29 3.7 -13.1
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 4.9 -11.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 24.1 +7.3
DWM WisdomTree International Equity Fund 0.1 48 21 5.7 -11.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 33 7.5 -9.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 54 8.0 -8.8
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 4.6 -12.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 7.3 -9.5
GII SPDR S&P Global Infrastructure ETF 0.1 40 29 4.7 -12.2
VSGX Vanguard ESG International Stock ETF 0.1 10 59 6.6 -10.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 6.9 -9.9
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 4.9 -11.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 8.4 -8.4
XCEM Columbia EM Core ex-China ETF 0.1 16 53 4.8 -12.1
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 29 7.5 -9.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 17.7 +0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 5.9 -10.9
ECON Columbia Emerging Markets Consumer ETF 0.1 49 20 6.4 -10.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 4.8 -12.0
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 9.5 -7.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.2 -11.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 35 5.3 -11.5
VT Vanguard Total World Stock ETF 0.1 6 63 5.0 -11.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -1 6.4 -10.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 44 6.2 -10.6
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 9.3 -7.6
DFAU Dimensional US Core Equity Market ETF 0.1 12 57 4.3 -12.5
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 52 5.0 -11.8
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 40 5.1 -11.7
IUS Invesco RAFI Strategic US ETF 0.1 19 50 5.5 -11.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 6.7 -10.2
SCJ iShares MSCI Japan Small-Cap ETF 0.1 50 19 5.3 -11.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 49 4.7 -12.1
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 57 6.3 -10.6
ACWI iShares MSCI ACWI ETF 0.1 32 37 4.6 -12.2
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 25 7.5 -9.3
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 6.5 -10.3
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 21 5.0 -11.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 5.5 -11.4
FLEE Franklin FTSE Europe ETF 0.1 9 60 6.6 -10.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 60 4.8 -12.0
URTH iShares MSCI World ETF 0.0 24 45 4.3 -12.5
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 6.2 -10.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 37 7.6 -9.2
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.1 -12.7
DFEV Dimensional Emerging Markets Value ETF 0.0 43 26 9.1 -7.7
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.1 -12.7
IWV iShares Russell 3000 ETF 0.0 20 49 4.0 -12.8
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 6.9 -9.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 44 4.9 -11.9
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 3.9 -13.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 24 8.0 -8.9
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 35 5.6 -11.2
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 3.9 -12.9
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 5.1 -11.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 4.9 -11.9
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 51 0.0 -16.8
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 6.3 -10.5
TOK iShares MSCI Kokusai ETF 0.0 26 43 4.3 -12.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.1 -12.7
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 66 4.4 -12.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 54 8.9 -7.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 24 5.5 -11.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 2.9 -13.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 4.4 -12.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 5.9 -10.9
PFM Invesco Dividend Achievers ETF 0.0 53 16 4.8 -12.0
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.1 -12.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 4.2 -12.6
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 5.8 -11.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.2 -12.7
AVSD Avantis Responsible International Equity ETF 0.0 23 46 6.0 -10.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 4.0 -12.8
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.1 -12.7

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 1.2 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 16.8 %
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.