SonicShares Global Shipping ETF
ALTAR
Score™		 20.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.8x P/Sales
ratio		 1.4x
P/BV
ratio		 1.0x Div.
yield		 3.7%


  • 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) $78
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
HYUNDAI MERCHANT MARINE 5.4 %
FRONTLINE LTD. 5.3 %
SITC INTERNATIONAL HOLDINGS 5.2 %
ORIENT OVERSEAS INTL LTD 5.1 %
KAWASAKI KISEN KAISHA LTD 4.9 %
MITSUI OSK LINES LTD 4.8 %
INTERNATIONAL SEAWAYS, INC. 4.4 %
A.P. MOLLER - MAERSK A/S CLASS B 4.3 %
MATSON INC 4.2 %
WILH. WILHELMSEN ASA 4.1 %
Total 47.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 16.5 %
HONG KONG 11.6 %
JAPAN 10.7 %
BERMUDA 8.9 %
NORWAY 8.1 %
SOUTH KOREA 6.1 %
CHINA 5.4 %
DENMARK 5.3 %
MONACO 4.8 %
GREECE 4.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
44.8% 58.6% -- -- 25.2%

Market Correlations
versus... Beta R-squared
S&P500 0.55 12%
MSCI EAFE 0.57 19%
MSCI Emg. Mkts. 0.32 14%

Technical Indicators
Recent close $43.96
30d moving avg. $41.10
Annualized volatility 23.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 25
Turnover 1.4%
Bid/Ask (% of price) 0.58%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 392 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™: 20.0%


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 8.9 55 14 7.9 -12.1
SUPL ProShares Supply Chain Logistics ETF 7.9 58 11 7.5 -12.6
SHPP Pacer Industrials and Logistics ETF 7.8 60 9 6.4 -13.6
ISHP First Trust Nasdaq Retail ETF 6.1 60 9 5.1 -15.0
DEEP Roundhill Acquirers Deep Value ETF 6.0 80 -11 14.5 -5.5
FYLD Cambria Foreign Shareholder Yield ETF 5.2 59 10 9.9 -10.1
PSCE Invesco S&P SmallCap Energy ETF 5.0 29 40 7.0 -13.0
DVYE iShares Emerging Markets Dividend ETF 4.9 49 20 17.6 -2.5
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.7 47 22 7.1 -12.9
RNIN Bushido Capital US SMID Cap Equity ETF 4.7 70 -1 9.2 -10.8
SDIV Global X Superdividend ETF 4.5 58 11 13.6 -6.4
EDEN iShares MSCI Denmark ETF 4.4 53 16 6.3 -13.7
ECML Euclidean Fundamental Value ETF 4.3 95 -26 8.4 -11.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.1 67 2 12.2 -7.8
FJP First Trust Japan AlphaDEX Fund 3.8 80 -11 7.4 -12.6
FCA First Trust China AlphaDEX Fund 3.8 80 -11 8.4 -11.7
AFSM First Trust Active Factor Small Cap ETF 3.6 75 -6 5.3 -14.8
SVAL iShares US Small Cap Value Factor ETF 3.6 20 49 6.7 -13.3
VIDI Vident International Equity Strategy ETF 3.5 61 8 8.2 -11.8
XTN State Street SPDR S&P Transportation ETF 3.4 35 34 3.2 -16.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.4 80 -11 7.5 -12.5
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.2 65 4 5.0 -15.0
DFE WisdomTree Europe SmallCap Dividend Fund 3.0 58 11 7.5 -12.6
SURE AdvisorShares Insiders Advantage ETF 2.9 90 -21 7.3 -12.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.7 80 -11 6.9 -13.1
GRPZ Invesco S&P SmallCap 600 GARP ETF 2.7 35 34 5.5 -14.5
SFLO VictoryShares Small Cap Free Cash Flow ETF 2.7 49 20 6.9 -13.1
EMIF iShares Emerging Markets Infrastructure ETF 2.6 60 9 2.9 -17.1
DIV Global X SuperDividend US ETF 2.6 45 24 9.4 -10.6
AVUV Avantis U.S. Small Cap Value ETF 2.6 25 44 7.5 -12.6
UIVM VictoryShares International Value Momentum ETF 2.5 35 34 7.7 -12.3
DSMC Distillate Small/Mid Cash Flow ETF 2.3 55 14 9.9 -10.1
HYP Golden Eagle Dynamic Hypergrowth ETF 2.3 85 -16 -0.8 -20.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 9 10.5 -9.5
NORW Global X MSCI Norway ETF 2.2 50 19 8.2 -11.9
EFAS Global X MSCI SuperDividend EAFE ETF 2.2 57 12 6.9 -13.1
ENOR iShares MSCI Norway ETF 2.2 53 16 8.0 -12.0
IMOM Alpha Architect International Quantitative Momentum ETF 2.2 49 20 4.5 -15.5
EWH iShares MSCI Hong Kong ETF 2.1 50 19 5.2 -14.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 2.1 36 33 7.6 -12.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.1 80 -11 9.2 -10.8
SMCF Themes US Small Cap Cash Flow Champions ETF 2.0 29 40 9.1 -10.9
AVDV Avantis International Small Cap Value ETF 2.0 36 33 7.7 -12.3
DLS WisdomTree International SmallCap Dividend Fund 2.0 58 11 7.3 -12.7
PSCI Invesco S&P SmallCap Industrials ETF 1.9 29 40 4.2 -15.8
ABLG Abacus FCF International Leaders ETF 1.9 59 10 6.5 -13.5
IDOG ALPS International Sector Dividend Dogs ETF 1.9 50 19 9.0 -11.0
FEP First Trust Europe AlphaDEX Fund 1.8 80 -11 6.7 -13.3
DFSV Dimensional US Small Cap Value ETF 1.8 31 38 8.3 -11.8
ZIG Acquirers Fund 1.8 84 -15 20.3 +0.3
AKAF The Frontier Economic Fund 1.7 20 49 5.2 -14.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.7 29 40 6.1 -13.9
FIDI Fidelity International High Dividend ETF 1.7 18 51 6.9 -13.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.7 58 11 9.1 -10.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.6 35 34 5.6 -14.4
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 6.3 -13.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.6 39 30 3.3 -16.7
WCEO Hypatia Women CEO ETF 1.6 85 -16 4.3 -15.7
GCOW Pacer Global Cash Cows Dividend ETF 1.6 60 9 9.1 -10.9
FYT First Trust Small Cap Value AlphaDEX Fund 1.5 73 -4 8.9 -11.1
CGV Conductor Global Equity Value ETF 1.5 130 -61 7.7 -12.3
ABLD Abacus FCF Real Assets Leaders ETF 1.4 69 0 6.6 -13.5
FEM First Trust Emerging Markets AlphaDEX Fund 1.4 80 -11 8.8 -11.2
FTXR First Trust Nasdaq Transportation ETF 1.4 60 9 6.5 -13.5
IWN iShares Russell 2000 Value ETF 1.3 24 45 4.4 -15.6
EWK iShares MSCI Belgium ETF 1.3 50 19 3.8 -16.2
VTWV Vanguard Russell 2000 Value ETF 1.3 10 59 4.6 -15.4
OAIM OneAscent International Equity ETF 1.3 95 -26 4.5 -15.6
MLPI NEOS MLP & Engy Infras Hi Inc ETF 1.3 68 1 4.3 -15.7
DFAT Dimensional U.S. Targeted Value ETF 1.3 28 41 8.1 -12.0
EES WisdomTree U.S. SmallCap Fund 1.2 38 31 7.3 -12.8
SMDV ProShares Russell 2000 Dividend Growers ETF 1.2 40 29 6.4 -13.6
GWX SPDR S&P International Small Cap ETF 1.2 40 29 5.9 -14.1
FFTY Innovator IBD 50 ETF 1.1 80 -11 0.0 -20.0
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.1 59 10 3.9 -16.1
EIPX FT Energy Income Partners Strategy ETF 1.1 95 -26 5.8 -14.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.1 70 -1 4.0 -16.1
ROSC Hartford Multifactor Small Cap ETF 1.1 34 35 6.7 -13.4
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -14 7.3 -12.8
FDLS Inspire Fidelis Multi Factor ETF 1.1 76 -7 3.0 -17.0
FDRR Fidelity Dividend ETF for Rising Rates 1.1 15 54 5.5 -14.6
AFMC First Trust Active Factor Mid Cap ETF 1.0 65 4 6.7 -13.4
SYLD Cambria Shareholder Yield ETF 1.0 59 10 9.6 -10.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 22 7.0 -13.0
OCEN IQ Clean Oceans ETF 1.0 45 24 4.6 -15.4
FDM First Trust Dow Jones Select MicroCap Index Fund 1.0 60 9 6.5 -13.6
AVSC Avantis U.S Small Cap Equity ETF 1.0 25 44 4.3 -15.8
OBOR KraneShares MSCI One Belt One Road Index ETF 1.0 79 -10 7.3 -12.7
DISV Dimensional International Small Cap Value ETF 0.9 42 27 7.9 -12.1
VAMO Cambria Value & Momentum ETF 0.9 61 8 5.1 -14.9
FSCS First Trust SMID Capital Strength ETF 0.9 60 9 6.7 -13.3
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.9 35 34 2.8 -17.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.9 29 40 6.9 -13.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 34 8.5 -11.6
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 44 7.2 -12.8
PSC Principal U.S. Small-Cap ETF 0.9 38 31 3.4 -16.6
IYT iShares US Transportation ETF 0.9 40 29 4.3 -15.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 13 9.3 -10.7
XSMO Invesco S&P SmallCap Momentum ETF 0.9 39 30 3.5 -16.5
RSSL Global X Russell 2000 ETF 0.9 8 61 2.5 -17.5
IJS iShares S&P Small-Cap 600 Value ETF 0.9 18 51 8.3 -11.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.9 10 59 8.4 -11.6
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.9 15 54 8.4 -11.6
IQDF FlexShares International Quality Dividend Index Fund 0.9 47 22 7.3 -12.7
JPIN J.P. Morgan Diversified Return International Equity ETF 0.9 37 32 6.9 -13.1
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.8 59 10 7.5 -12.5
ISRA VanEck Israel ETF 0.8 59 10 5.8 -14.2
IWC iShares Micro-Cap ETF 0.8 60 9 -1.3 -21.3
IWM iShares Russell 2000 ETF 0.8 19 50 2.5 -17.6
DTH WisdomTree International High Dividend Fund 0.8 58 11 7.0 -13.0
FYX First Trust Small Cap Core AlphaDEX Fund 0.8 61 8 4.9 -15.2
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 3 9.0 -11.1
FIVA Fidelity International Value Factor ETF 0.8 18 51 7.0 -13.1
AVDS Avantis International Small Cap Equity ETF 0.8 30 39 5.9 -14.1
XJR iShares ESG Screened S&P Small-Cap ETF 0.8 12 57 5.7 -14.3
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.7 15 54 5.8 -14.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 30 6.1 -13.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 7.1 -13.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 49 3.7 -16.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 20 5.9 -14.1
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 39 7.8 -12.3
VTWO Vanguard Russell 2000 ETF 0.7 7 62 2.6 -17.4
EIS iShares MSCI Israel ETF 0.7 58 11 6.7 -13.4
EWJV iShares MSCI Japan Value ETF 0.7 15 54 6.7 -13.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.7 52 17 4.9 -15.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 30 6.6 -13.4
GREK Global X MSCI Greece ETF 0.7 57 12 8.2 -11.8
IJR iShares Core S&P Small Cap ETF 0.7 6 63 5.9 -14.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 7 62 5.7 -14.3
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.7 3 66 5.9 -14.1
VFMF Vanguard U.S. Multifactor ETF 0.6 18 51 6.2 -13.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 24 9.4 -10.6
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -1 9.0 -11.0
IPKW Invesco International BuyBack Achievers ETF 0.6 55 14 7.7 -12.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.6 35 34 6.7 -13.3
STXK Strive Small-Cap ETF 0.6 18 51 4.9 -15.2
CALF Pacer US Small Cap Cash Cows 100 ETF 0.6 59 10 8.1 -11.9
DIM WisdomTree International MidCap Dividend Fund 0.6 58 11 6.2 -13.9
DWMF WisdomTree International Multifactor Fund 0.6 38 31 6.7 -13.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.6 45 24 6.6 -13.5
QINT American Century Quality Diversified International ETF 0.6 39 30 6.4 -13.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -26 9.7 -10.4
IEUS iShares MSCI Europe Small-Cap ETF 0.6 42 27 6.6 -13.4
ISMD Inspire Small/Mid Cap ETF 0.6 54 15 4.6 -15.4
BFOR ALPS Barron's 400 ETF 0.6 65 4 20.5 +0.5
DFAS Dimensional U.S. Small Cap ETF 0.6 26 43 5.2 -14.8
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.6 20 49 5.4 -14.6
GXC SPDR S & P China ETF 0.6 59 10 18.7 -1.4
EBI Longview Advantage ETF 0.5 35 34 5.7 -14.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 30 2.1 -17.9
VFMO Vanguard U.S. Momentum Factor ETF 0.5 13 56 1.7 -18.4
SCHC Schwab International Small-Cap Equity ETF 0.5 11 58 6.6 -13.5
FSMD Fidelity Small-Mid Multifactor ETF 0.5 15 54 6.2 -13.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 19 8.2 -11.8
COPY Tweedy, Browne Insider + Value ETF 0.5 80 -11 14.0 -6.1
FESM Fidelity Enhanced Small Cap ETF 0.5 28 41 2.1 -17.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.5 67 2 8.1 -12.0
IDV iShares International Select Dividend ETF 0.5 51 18 9.0 -11.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 30 6.8 -13.2
SIXL ETC 6 Meridian Low Beta Equity ETF 0.5 80 -11 5.7 -14.3
PKW Invesco Buyback Achievers ETF 0.5 62 7 6.9 -13.2
CLNR IQ Cleaner Transport ETF 0.5 45 24 4.0 -16.1
EWY iShares MSCI South Korea ETF 0.5 58 11 3.4 -16.6
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 17 6.2 -13.8
SMOX Horizon Small/Mid Cap Core Equity ETF 0.4 75 -6 5.1 -14.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 29 6.0 -14.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.4 65 4 7.8 -12.2
JPXN iShares JPX-Nikkei 400 ETF 0.4 48 21 5.2 -14.8
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 54 3.4 -16.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 44 5.9 -14.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 59 3.4 -16.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 51 3.4 -16.7
DFIS Dimensional International Small Cap ETF 0.4 39 30 6.0 -14.0
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 54 4.7 -15.3
JHID John Hancock International High Dividend ETF 0.4 46 23 7.6 -12.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 3.4 -16.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.4 20 49 5.5 -14.5
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 9 5.9 -14.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 13.3 -6.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 7.2 -12.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.4 90 -21 3.6 -16.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 65 14.7 -5.3
FXI iShares China Large-Cap ETF 0.4 74 -5 20.4 +0.3
INEQ Columbia International Equity Income ETF 0.4 45 24 7.5 -12.5
EIRL iShares MSCI Ireland ETF 0.4 50 19 6.9 -13.1
ETHO Etho Climate Leadership U.S. ETF 0.4 47 22 3.9 -16.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 4 6.7 -13.3
AVDE Avantis International Equity ETF 0.4 23 46 6.0 -14.0
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 9 -0.9 -20.9
FNDA Schwab Fundamental US Small Co. Index ETF 0.4 25 44 5.8 -14.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 61 6.3 -13.7
GLOF iShares Global Equity Factor ETF 0.4 20 49 5.4 -14.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 44 6.1 -13.9
MCHI iShares MSCI China ETF 0.4 59 10 20.0 -0.1
FDVV Fidelity High Dividend ETF 0.4 15 54 6.4 -13.7
DXIV Dimensional International Vector Equity ETF 0.4 34 35 6.5 -13.6
EWJ iShares MSCI Japan ETF 0.4 50 19 4.7 -15.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 20 13.1 -6.9
AVIV Avantis International Large Cap Value ETF 0.4 25 44 6.7 -13.3
HEWJ iShares Currency Hedged MSCI Japan ETF 0.3 50 19 5.3 -14.8
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 60 6.4 -13.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.3 35 34 6.5 -13.5
JHSC John Hancock Multifactor Small Cap ETF 0.3 42 27 5.7 -14.3
SMMD iShares Russell 2500 ETF 0.3 15 54 5.2 -14.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 6.7 -13.3
FENI Fidelity Enhanced International ETF 0.3 28 41 5.6 -14.4
VDE Vanguard Energy ETF 0.3 9 60 6.7 -13.3
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 31 7.6 -12.5
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 5.3 -14.7
EFV iShares MSCI EAFE Value ETF 0.3 34 35 7.2 -12.8
FENY Fidelity MSCI Energy Index ETF 0.3 8 61 6.7 -13.3
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 22 4.7 -15.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 22 4.6 -15.5
BBJP JPMorgan BetaBuilders Japan ETF 0.3 19 50 5.2 -14.9
AVIE Avantis  Inflation Focused Equity ETF 0.3 25 44 5.9 -14.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 34 9.9 -10.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 44 6.0 -14.0
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 63 7.2 -12.8
DFIV Dimensional International Value ETF 0.3 27 42 7.5 -12.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 37 14.1 -6.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.3 35 34 6.1 -14.0
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.3 22 47 5.6 -14.5
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 62 9.4 -10.7
INTF iShares International Equity Factor ETF 0.3 15 54 6.3 -13.7
VPL Vanguard FTSE Pacific ETF 0.3 7 62 5.1 -14.9
DFIC Dimensional International Core Equity 2 ETF 0.3 23 46 6.1 -13.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 39 5.9 -14.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 5.4 -14.6
FLCH Franklin FTSE China ETF 0.3 19 50 17.8 -2.2
IWO iShares Russell 2000 Growth ETF 0.3 24 45 0.5 -19.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.3 80 -11 5.2 -14.8
FLJP Franklin FTSE Japan ETF 0.3 9 60 5.2 -14.8
SFGV Sequoia Global Value ETF 0.2 23 46 6.9 -13.2
EXI iShares Global Industrials ETF 0.2 42 27 3.4 -16.6
DXUV Dimensional US Vector Equity ETF 0.2 28 41 5.0 -15.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 5.7 -14.3
FLJH Franklin FTSE Japan Hedged ETF 0.2 9 60 5.0 -15.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 5.7 -14.3
AVEM Avantis Emerging Markets Equity ETF 0.2 33 36 7.0 -13.0
DIHP Dimensional International High Profitability ETF 0.2 29 40 5.6 -14.4
VFVA Vanguard U.S. Value Factor ETF 0.2 13 56 8.6 -11.4
WSML iShares MSCI World Small-Cap ETF 0.2 15 54 5.2 -14.8
BKF iShares MSCI BIC ETF 0.2 69 0 14.4 -5.7
VTWG Vanguard Russell 2000 Growth ETF 0.2 10 59 0.6 -19.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 8.5 -11.5
SCHA Schwab U.S. Small-Cap ETF 0.2 4 65 4.2 -15.9
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 57 3.2 -16.9
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 7.7 -12.4
ISCB iShares Morningstar Small-Cap ETF 0.2 4 65 5.1 -14.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 33 5.9 -14.1
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 5.9 -14.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 6.3 -13.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 25 9.3 -10.8
FLKR Franklin FTSE South Korea ETF 0.2 9 60 4.3 -15.7
IQSI IQ Candriam International Equity ETF 0.2 15 54 5.4 -14.6
DEW WisdomTree Global High Dividend Fund 0.2 58 11 6.9 -13.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 20 7.5 -12.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 39 7.5 -12.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 49 5.5 -14.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 6.9 -13.1
VBR Vanguard Small Cap Value ETF 0.2 7 62 7.4 -12.6
DFAI Dimensional International Core Equity Market ETF 0.2 18 51 5.9 -14.2
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 5.8 -14.2
JHMD John Hancock Multifactor Developed International ETF 0.2 39 30 6.0 -14.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 5.3 -14.7
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 52 12.5 -7.5
VEA Vanguard FTSE Developed Markets ETF 0.2 3 66 5.8 -14.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 49 5.4 -14.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 40 6.8 -13.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 20 7.5 -12.6
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -37 9.6 -10.5
VXF Vanguard Extended Market ETF 0.2 5 64 3.6 -16.4
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 62 6.4 -13.6
EFA iShares MSCI EAFE ETF 0.2 35 34 5.5 -14.5
HEFA iShares Currency Hedged MSCI EAFE ETF 0.2 35 34 5.5 -14.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 5.6 -14.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 55 5.1 -14.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 45 6.8 -13.3
SPEU SPDR Portfolio Europe ETF 0.1 7 62 6.3 -13.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 4.5 -15.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.1 19 50 7.1 -12.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 44 5.4 -14.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.1 9 60 7.5 -12.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 11 6.4 -13.6
VXUS Vanguard Total International Stock ETF 0.1 5 64 6.5 -13.6
SCHF Schwab International Equity ETF 0.1 6 63 5.8 -14.3
CIL VictoryShares International Volatility Wtd ETF 0.1 45 24 5.9 -14.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 6.2 -13.9
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 36 6.6 -13.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 29 5.5 -14.5
BKIE BNY Mellon International Equity ETF 0.1 4 65 17.4 -2.6
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 5.8 -14.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 6.2 -13.8
VGK Vanguard FTSE Europe ETF 0.1 6 63 6.3 -13.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 33 5.1 -15.0
AVES Avantis Emerging Markets Value ETF 0.1 36 33 9.0 -11.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 11 6.2 -13.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 39 7.9 -12.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 6.5 -13.5
IEUR iShares Core MSCI Europe ETF 0.1 11 58 6.2 -13.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.6 -17.4
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 8.9 -11.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 40 5.4 -14.6
AVUS Avantis U.S. Equity ETF 0.1 15 54 4.6 -15.4
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 5.3 -14.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 39 4.6 -15.4
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 46 7.1 -12.9
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 7.8 -12.2
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.1 69 0 7.6 -12.5
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 5.6 -14.4
VB Vanguard Small-Cap ETF 0.1 5 64 5.0 -15.0
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 29 3.4 -16.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 4.7 -15.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 33 7.5 -12.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 24.0 +4.0
DWM WisdomTree International Equity Fund 0.1 48 21 5.4 -14.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 54 8.0 -12.1
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 8.2 -11.9
VIS Vanguard Industrials ETF 0.1 9 60 3.5 -16.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 7.3 -12.7
IGE iShares North American Natural Resources ETF 0.1 41 28 5.8 -14.3
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 4.4 -15.6
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 6.3 -13.8
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 4.7 -15.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 8.5 -11.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 16.4 -3.6
XCEM Columbia EM Core ex-China ETF 0.1 16 53 5.0 -15.1
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 29 7.3 -12.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 5.8 -14.2
VSGX Vanguard ESG International Stock ETF 0.1 10 59 6.4 -13.6
IEV iShares Europe ETF 0.1 67 2 5.7 -14.4
ECON Columbia Emerging Markets Consumer ETF 0.1 49 20 6.6 -13.5
FFF Founders 100 ETF 0.1 75 -6 2.4 -17.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 7.0 -13.0
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 4.8 -15.3
IGF iShares Global Infrastructure ETF 0.1 41 28 4.3 -15.8
GII SPDR S&P Global Infrastructure ETF 0.1 40 29 4.3 -15.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 35 5.1 -15.0
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 9.3 -10.8
VT Vanguard Total World Stock ETF 0.1 6 63 4.9 -15.2
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 40 4.9 -15.2
IUS Invesco RAFI Strategic US ETF 0.1 19 50 5.3 -14.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 44 5.9 -14.1
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 9.0 -11.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 6.7 -13.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.0 -15.0
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 52 4.7 -15.3
DFAU Dimensional US Core Equity Market ETF 0.1 12 57 4.2 -15.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -1 6.6 -13.4
FLEE Franklin FTSE Europe ETF 0.1 9 60 6.1 -13.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 5.2 -14.8
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 25 7.5 -12.5
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 6.0 -14.0
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 21 5.2 -14.9
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 57 6.0 -14.1
ACWI iShares MSCI ACWI ETF 0.0 32 37 4.5 -15.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 4.7 -15.3
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 5.4 -14.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 37 7.5 -12.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 49 4.6 -15.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 5.9 -14.1
URTH iShares MSCI World ETF 0.0 24 45 4.2 -15.8
DFEV Dimensional Emerging Markets Value ETF 0.0 43 26 9.4 -10.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 44 5.1 -14.9
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.0 -16.1
IWV iShares Russell 3000 ETF 0.0 20 49 3.9 -16.1
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.0 -16.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 35 5.4 -14.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 24 8.0 -12.0
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 3.5 -16.5
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 3.8 -16.3
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 7.0 -13.1
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 4.8 -15.2
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 51 0.0 -20.0
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 5.9 -14.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 24 5.3 -14.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 5.1 -14.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 2.9 -17.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 4.3 -15.8
PFM Invesco Dividend Achievers ETF 0.0 53 16 4.5 -15.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 54 8.8 -11.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 6.1 -13.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 66 4.2 -15.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.0 -16.0
TOK iShares MSCI Kokusai ETF 0.0 26 43 4.2 -15.9
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.0 -16.0
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 4.1 -15.9
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 5.5 -14.5
AVSD Avantis Responsible International Equity ETF 0.0 23 46 5.7 -14.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 3.9 -16.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.0 -16.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.0 -16.0

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 1.0 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 20.0 %
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.