SonicShares Global Shipping ETF
ALTAR
Score™		 31.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 6.6x P/Sales
ratio		 0.7x
P/BV
ratio		 0.6x Div.
yield		 10.0%


  • 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 03, 2021
Assets (mns) $33
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 46
Wgt avg mkt cap (mns) $7,411
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
ORIENT OVERSEAS INTL LTD 5.9 %
HYUNDAI MERCHANT MARINE 5.8 %
MITSUI OSK LINES LTD 5.7 %
KAWASAKI KISEN KAISHA LTD 5.6 %
A.P. MOLLER - MAERSK A/S CLASS B 5.2 %
SITC INTERNATIONAL HOLDINGS 4.9 %
MATSON INC 4.5 %
CHINA COSCO HOLDINGS-H 4.4 %
FRONTLINE LTD. 4.1 %
WILH. WILHELMSEN ASA 3.8 %
Total 50.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 13.2 %
HONG KONG 12.8 %
JAPAN 11.8 %
BERMUDA 11.3 %
SOUTH KOREA 7.1 %
NORWAY 6.9 %
CHINA 5.9 %
DENMARK 5.2 %
GREECE 5.0 %
MONACO 4.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.6% -9.5% -- -- 12.7%

Market Correlations
versus... Beta R-squared
S&P500 0.94 30%
MSCI EAFE 1.08 40%
MSCI Emg. Mkts. 0.80 22%

Technical Indicators
Recent close $26.61
30d moving avg. $27.44
Annualized volatility 29.6%
Short interest (ETF) 2.6%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 13
Turnover 1.1%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 383 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™: 31.6%


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
(%)
SDIV Global X Superdividend ETF 9.8 58 11 13.9 -17.7
PXJ Invesco Oil & Gas Services ETF 8.7 63 6 6.1 -25.5
IVAL Alpha Architect International Quantitative Value ETF 7.2 49 20 10.6 -20.9
SHPP Pacer Industrials and Logistics ETF 7.1 60 9 5.1 -26.5
SUPL ProShares Supply Chain Logistics ETF 6.6 58 11 5.4 -26.2
DEEP Roundhill Acquirers Deep Value ETF 6.6 80 -11 19.9 -11.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.0 47 22 9.8 -21.8
SFLO VictoryShares Small Cap Free Cash Flow ETF 4.9 49 20 12.7 -18.9
DIV Global X SuperDividend US ETF 4.2 45 24 10.1 -21.4
ISHP First Trust Nasdaq Retail ETF 3.7 60 9 5.5 -26.0
XTN SPDR S&P Transportation ETF 3.6 35 34 6.3 -25.2
VIDI Vident International Equity Strategy ETF 3.6 61 8 12.0 -19.6
FYLD Cambria Foreign Shareholder Yield ETF 3.5 59 10 12.5 -19.1
FJP First Trust Japan AlphaDEX Fund 3.2 80 -11 10.3 -21.3
EDEN iShares MSCI Denmark ETF 3.1 53 16 6.9 -24.6
FCA First Trust China AlphaDEX Fund 3.1 80 -11 11.3 -20.2
CALF Pacer US Small Cap Cash Cows 100 ETF 3.0 59 10 12.0 -19.6
NORW Global X MSCI Norway ETF 3.0 50 19 10.2 -21.4
PSCE Invesco S&P SmallCap Energy ETF 2.9 29 40 10.9 -20.7
DSMC Distillate Small/Mid Cash Flow ETF 2.8 55 14 13.5 -18.0
ENOR iShares MSCI Norway ETF 2.7 53 16 10.2 -21.4
DVYE iShares Emerging Markets Dividend ETF 2.6 49 20 18.9 -12.7
AVUV Avantis U.S. Small Cap Value ETF 2.6 25 44 10.8 -20.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.5 56 13 12.6 -18.9
SMCF Themes US Small Cap Cash Flow Champions ETF 2.5 29 40 11.8 -19.8
SURE AdvisorShares Insiders Advantage ETF 2.2 90 -21 10.0 -21.6
AZTD Aztlan Global Stock Selection DM SMID ETF 2.2 75 -6 8.4 -23.1
ECML Euclidean Fundamental Value ETF 2.2 95 -26 13.1 -18.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.1 80 -11 9.7 -21.8
RODE Hartford Multifactor Diversified International ETF 2.1 29 40 9.9 -21.7
GRPZ Invesco S&P SmallCap 600 GARP ETF 2.0 35 34 3.1 -28.4
AFSM First Trust Active Factor Small Cap ETF 2.0 75 -6 7.0 -24.6
PSCI Invesco S&P SmallCap Industrials ETF 2.0 29 40 5.9 -25.7
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 19 12.2 -19.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.0 65 4 12.2 -19.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.9 80 -11 10.0 -21.5
SVAL iShares US Small Cap Value Factor ETF 1.8 20 49 11.0 -20.6
XSHQ Invesco S&P SmallCap Quality ETF 1.7 29 40 8.4 -23.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.7 80 -11 13.8 -17.7
IMOM Alpha Architect International Quantitative Momentum ETF 1.7 49 20 4.8 -26.8
RFEU First Trust Riverfront Dynamic Europe ETF 1.7 83 -14 10.0 -21.5
GCOW Pacer Global Cash Cows Dividend ETF 1.6 60 9 10.9 -20.6
AVDV Avantis International Small Cap Value ETF 1.6 36 33 10.9 -20.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.5 29 40 7.4 -24.2
DFSV Dimensional US Small Cap Value ETF 1.5 31 38 10.9 -20.6
OAIM OneAscent International Equity ETF 1.4 95 -26 6.2 -25.4
DLS WisdomTree International SmallCap Dividend Fund 1.4 58 11 8.9 -22.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.4 29 40 8.2 -23.4
XSMO Invesco S&P SmallCap Momentum ETF 1.4 39 30 5.3 -26.3
VFVA Vanguard U.S. Value Factor ETF 1.3 13 56 11.7 -19.9
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.3 59 10 6.1 -25.5
NDIV Amplify Natural Resources Dividend Income ETF 1.3 59 10 10.2 -21.3
OCEN IQ Clean Oceans ETF 1.3 45 24 5.7 -25.9
PSC Principal U.S. Small-Cap ETF 1.3 38 31 6.9 -24.6
FEP First Trust Europe AlphaDEX Fund 1.2 80 -11 9.3 -22.3
FTXR First Trust Nasdaq Transportation ETF 1.2 60 9 10.4 -21.2
UIVM VictoryShares International Value Momentum ETF 1.2 35 34 9.5 -22.1
OBOR KraneShares MSCI One Belt One Road Index ETF 1.2 79 -10 7.7 -23.9
RFDI First Trust Riverfront Dynamic Developed International ETF 1.2 83 -14 10.0 -21.5
ROAM Hartford Multifactor Emerging Markets ETF 1.2 44 25 11.3 -20.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.2 60 9 11.0 -20.5
EMIF iShares Emerging Markets Infrastructure ETF 1.2 60 9 7.9 -23.7
SYLD Cambria Shareholder Yield ETF 1.2 59 10 11.9 -19.7
EWH iShares MSCI Hong Kong ETF 1.2 50 19 6.1 -25.5
FLHK Franklin FTSE Hong Kong ETF 1.2 9 60 6.8 -24.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.2 80 -11 11.8 -19.8
FDLS Inspire Fidelis Multi Factor ETF 1.1 76 -7 5.8 -25.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.1 35 34 6.9 -24.7
DFE WisdomTree Europe SmallCap Dividend Fund 1.1 58 11 8.4 -23.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.1 60 9 8.5 -23.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 24 11.1 -20.5
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.1 25 44 7.8 -23.8
IWN iShares Russell 2000 Value ETF 1.0 24 45 5.8 -25.8
VTWV Vanguard Russell 2000 Value ETF 1.0 15 54 5.9 -25.6
AVSC Avantis U.S Small Cap Equity ETF 1.0 25 44 6.6 -25.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.0 39 30 4.0 -27.5
ROSC Hartford Multifactor Small Cap ETF 1.0 34 35 9.0 -22.6
FIVA Fidelity International Value Factor ETF 1.0 18 51 10.5 -21.0
SMDV ProShares Russell 2000 Dividend Growers ETF 1.0 40 29 7.0 -24.5
EWJV iShares MSCI Japan Value ETF 0.9 15 54 9.8 -21.8
DFAT Dimensional U.S. Targeted Value ETF 0.9 28 41 10.0 -21.5
EYLD Cambria Emerging Shareholder Yield ETF 0.9 66 3 13.1 -18.5
EIS iShares MSCI Israel ETF 0.9 58 11 8.6 -23.0
IYT iShares US Transportation ETF 0.8 40 29 5.6 -25.9
EES WisdomTree U.S. SmallCap Fund 0.8 38 31 9.1 -22.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.8 80 -11 4.9 -26.6
VAMO Cambria Value & Momentum ETF 0.8 61 8 6.8 -24.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 4 8.6 -23.0
ISRA VanEck Israel ETF 0.8 59 10 7.8 -23.8
IVLU iShares MSCI Intl Value Factor ETF 0.8 30 39 11.1 -20.4
FNK First Trust Mid Cap Value AlphaDEX Fund 0.8 70 -1 12.3 -19.3
DIM WisdomTree International MidCap Dividend Fund 0.7 58 11 7.7 -23.9
FENI Fidelity Enhanced International ETF 0.7 28 41 7.0 -24.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 49 5.5 -26.0
JPIN J.P. Morgan Diversified Return International Equity ETF 0.7 37 32 8.9 -22.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.7 35 34 9.2 -22.3
DTH WisdomTree International High Dividend Fund 0.7 58 11 9.1 -22.5
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 22 9.5 -22.0
QLV FlexShares US Quality Low Volatility Index Fund 0.7 22 47 5.8 -25.8
SIXS ETC 6 Meridian Small Cap Equity ETF 0.7 89 -20 9.4 -22.1
VFMF Vanguard U.S. Multifactor ETF 0.7 18 51 8.5 -23.1
IPKW Invesco International BuyBack Achievers ETF 0.7 55 14 15.3 -16.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.7 36 33 10.3 -21.3
CVY Invesco Zacks Multi-Asset Income ETF 0.7 106 -37 10.9 -20.6
ESIX SPDR S&P SmallCap 600 ESG ETF 0.7 12 57 5.9 -25.7
EIPX FT Energy Income Partners Strategy ETF 0.7 95 -26 7.4 -24.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.7 52 17 6.5 -25.0
GVAL Cambria Global Value ETF 0.6 68 1 11.3 -20.3
RSSL Global X Russell 2000 ETF 0.6 8 61 3.6 -27.9
CLNR IQ Cleaner Transport ETF 0.6 45 24 7.3 -24.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 50 19 11.6 -20.0
ISMD Inspire Small/Mid Cap ETF 0.6 54 15 4.7 -26.9
FLKR Franklin FTSE South Korea ETF 0.6 9 60 11.2 -20.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -26 13.1 -18.5
EWY iShares MSCI South Korea ETF 0.6 58 11 10.5 -21.1
JPXN iShares JPX-Nikkei 400 ETF 0.6 48 21 7.5 -24.0
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.6 20 49 5.3 -26.3
IJT iShares S&P Small-Cap 600 Growth ETF 0.6 18 51 5.1 -26.5
WBIY WBI Power Factor High Dividend ETF 0.6 100 -31 13.4 -18.2
FSMD Fidelity Small-Mid Multifactor ETF 0.6 15 54 7.0 -24.5
GWX SPDR S&P International Small Cap ETF 0.6 40 29 6.7 -24.8
SLYG SPDR S&P 600 Small Cap Growth ETF 0.6 15 54 5.1 -26.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.6 15 54 5.3 -26.2
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -21 8.4 -23.2
IJR iShares Core S&P Small Cap ETF 0.5 6 63 7.3 -24.3
GREK Global X MSCI Greece ETF 0.5 57 12 11.7 -19.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 20 7.3 -24.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.5 9 60 9.2 -22.4
IWM iShares Russell 2000 ETF 0.5 19 50 3.6 -27.9
VTWO Vanguard Russell 2000 ETF 0.5 10 59 3.8 -27.8
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 17 7.2 -24.3
IWC iShares Micro-Cap ETF 0.5 60 9 -1.1 -32.6
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 66 7.4 -24.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 10 59 7.2 -24.3
WCEO Hypatia Women CEO ETF 0.5 85 -16 -1.3 -32.9
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 51 9.4 -22.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 7.3 -24.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 34 4.7 -26.9
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.5 42 27 5.5 -26.1
FESM Fidelity Enhanced Small Cap ETF 0.5 28 41 3.8 -27.7
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 54 9.5 -22.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 15 54 9.3 -22.3
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 50 7.6 -24.0
EWJ iShares MSCI Japan ETF 0.5 50 19 7.1 -24.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 57 6.6 -25.0
DFAS Dimensional U.S. Small Cap ETF 0.5 26 43 6.9 -24.6
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 32 5.9 -25.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.5 47 22 7.1 -24.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 4.0 -27.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 8.2 -23.3
VWID Virtus WMC International Dividend ETF 0.4 49 20 8.8 -22.7
DISV Dimensional International Small Cap Value ETF 0.4 42 27 9.7 -21.9
FCPI Fidelity Stocks for Inflation ETF 0.4 15 54 7.8 -23.8
SQLV Royce Quant Small-Cap Quality Value ETF 0.4 60 9 9.6 -21.9
ETHO Etho Climate Leadership U.S. ETF 0.4 47 22 5.5 -26.1
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 27 7.2 -24.4
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 9 2.1 -29.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 24 9.3 -22.2
VUSE Vident U.S. Equity Strategy ETF 0.4 50 19 4.8 -26.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 30 8.3 -23.2
SCHC Schwab International Small-Cap Equity ETF 0.4 11 58 7.1 -24.5
GXC SPDR S&P China ETF 0.4 59 10 16.7 -14.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 30 5.4 -26.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 34 10.9 -20.7
FXI iShares China Large-Cap ETF 0.4 74 -5 18.1 -13.4
FLJP Franklin FTSE Japan ETF 0.4 9 60 7.0 -24.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 10.1 -21.4
MCH Matthews China Active ETF 0.4 79 -10 15.3 -16.2
EIRL iShares MSCI Ireland ETF 0.4 50 19 8.5 -23.0
IDV iShares International Select Dividend ETF 0.4 51 18 11.6 -20.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 9 8.2 -23.4
FLJH Franklin FTSE Japan Hedged ETF 0.4 9 60 6.7 -24.9
VFMV Vanguard U.S. Minimum Volatility ETF 0.4 13 56 5.5 -26.1
JSML Janus Henderson Small Cap Growth Alpha ETF 0.4 30 39 8.6 -22.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 22 9.0 -22.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 44 7.2 -24.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 30 7.0 -24.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 29 7.4 -24.2
VPL Vanguard FTSE Pacific ETF 0.4 8 61 7.7 -23.9
JHMD John Hancock Multifactor Developed International ETF 0.4 39 30 7.8 -23.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.4 32 37 6.1 -25.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 54 6.0 -25.6
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 7.1 -24.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 37 17.8 -13.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 34 21.6 -10.0
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 6.7 -24.9
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 20 16.7 -14.9
INEQ Columbia International Equity Income ETF 0.3 45 24 8.7 -22.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 30 16.9 -14.6
STXK Strive Small-Cap ETF 0.3 18 51 5.5 -26.1
COPY Tweedy, Browne Insider + Value ETF 0.3 80 -11 12.6 -18.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 9.8 -21.7
BFOR ALPS Barron's 400 ETF 0.3 65 4 6.2 -25.3
QINT American Century Quality Diversified International ETF 0.3 39 30 7.6 -23.9
MCHI iShares MSCI China ETF 0.3 59 10 17.8 -13.7
EFV iShares MSCI EAFE Value ETF 0.3 34 35 9.4 -22.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 5.9 -25.7
DWM WisdomTree International Equity Fund 0.3 48 21 7.7 -23.9
EXI iShares Global Industrials ETF 0.3 42 27 4.9 -26.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 39 9.3 -22.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 39 7.3 -24.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 20 10.5 -21.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 30 6.3 -25.3
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 49 7.4 -24.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 7 62 7.0 -24.5
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 9.7 -21.9
CIL VictoryShares International Volatility Wtd ETF 0.3 45 24 7.0 -24.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 11.0 -20.5
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 4 8.2 -23.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 44 7.5 -24.1
SIXL ETC 6 Meridian Low Beta Equity ETF 0.2 80 -11 5.7 -25.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 29 7.5 -24.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 7.4 -24.1
VYMI Vanguard International High Dividend Yield ETF 0.2 22 47 10.0 -21.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 4 8.1 -23.5
IQSI IQ Candriam International Equity ETF 0.2 15 54 6.7 -24.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 65 5.9 -25.7
AVDE Avantis International Equity ETF 0.2 23 46 8.0 -23.6
QDF FlexShares Quality Dividend Index Fund 0.2 37 32 6.2 -25.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 44 6.5 -25.1
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 2 10.1 -21.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 9.8 -21.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 7.6 -23.9
TPIF Timothy Plan International ETF 0.2 62 7 6.5 -25.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 7.5 -24.1
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 62 10.9 -20.6
VSGX Vanguard ESG International Stock ETF 0.2 12 57 8.2 -23.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 10.8 -20.7
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 7.4 -24.2
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 22 5.7 -25.9
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 63 8.4 -23.2
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 44 12.4 -19.1
FLCH Franklin FTSE China ETF 0.2 19 50 17.2 -14.4
DFIS Dimensional International Small Cap ETF 0.2 39 30 7.9 -23.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 20 10.7 -20.8
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 7.4 -24.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 49 6.6 -24.9
EZM WisdomTree U.S. MidCap Fund 0.2 38 31 9.3 -22.2
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.2 27 42 6.1 -25.4
VEA Vanguard FTSE Developed Markets ETF 0.2 5 64 7.6 -24.0
DFIV Dimensional International Value ETF 0.2 27 42 10.4 -21.2
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 62 8.3 -23.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 49 5.9 -25.7
DIHP Dimensional International High Profitability ETF 0.2 29 40 7.4 -24.2
EFA iShares MSCI EAFE ETF 0.2 35 34 7.0 -24.5
XCEM Columbia EM Core ex-China ETF 0.2 16 53 8.5 -23.1
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 8.3 -23.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 11 7.7 -23.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 33 6.9 -24.6
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 27 7.2 -24.4
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 7.9 -23.6
SCHA Schwab U.S. Small-Cap ETF 0.2 4 65 5.3 -26.3
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 8.8 -22.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 7.1 -24.4
SCHF Schwab International Equity ETF 0.2 6 63 7.7 -23.8
VBR Vanguard Small Cap Value ETF 0.2 7 62 8.5 -23.1
ISCB iShares Morningstar Small-Cap ETF 0.2 4 65 5.6 -25.9
OPTZ Optimize Strategy Index ETF 0.2 50 19 5.3 -26.3
BKF iShares MSCI BIC ETF 0.2 69 0 13.0 -18.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 10.0 -21.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 8.6 -22.9
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 52 12.9 -18.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 54 10.8 -20.8
STXE Strive Emerging Markets Ex-China ETF 0.2 32 37 8.2 -23.4
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 56 3.4 -28.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 27 6.8 -24.8
VXUS Vanguard Total International Stock ETF 0.2 7 62 8.3 -23.3
VDE Vanguard Energy ETF 0.1 10 59 8.8 -22.8
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -56 6.9 -24.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 39 10.6 -21.0
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 44 5.7 -25.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 10.2 -21.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 7.1 -24.4
BKIE BNY Mellon International Equity ETF 0.1 4 65 7.3 -24.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 33 8.1 -23.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 61 8.5 -23.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 8.1 -23.4
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 10.7 -20.8
GVLU Gotham 1000 Value ETF 0.1 50 19 9.1 -22.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 44 6.6 -25.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 11.8 -19.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 33 11.2 -20.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 8.1 -23.4
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.9 -25.6
PKW Invesco Buyback Achievers ETF 0.1 62 7 8.0 -23.6
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 10.9 -20.6
DFAI Dimensional International Core Equity Market ETF 0.1 18 51 7.6 -24.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 6.4 -25.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 11.0 -20.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.7 -28.8
SPEU SPDR Portfolio Europe ETF 0.1 7 62 7.5 -24.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 8.6 -23.0
AVIV Avantis International Large Cap Value ETF 0.1 25 44 9.3 -22.3
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 31 8.3 -23.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 13.7 -17.9
VGK Vanguard FTSE Europe ETF 0.1 11 58 7.5 -24.1
VXF Vanguard Extended Market ETF 0.1 6 63 4.5 -27.0
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 49 7.1 -24.4
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 8.1 -23.5
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 56 6.6 -25.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 11 6.5 -25.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 39 7.0 -24.6
AVUS Avantis U.S. Equity ETF 0.1 15 54 6.3 -25.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 6.0 -25.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 5.8 -25.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 30 7.0 -24.6
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 8.2 -23.4
IEUR iShares Core MSCI Europe ETF 0.1 11 58 7.4 -24.1
VIS Vanguard Industrials ETF 0.1 10 59 4.9 -26.6
VB Vanguard Small-Cap ETF 0.1 5 64 5.7 -25.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 6.0 -25.5
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 6.4 -25.2
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.8 -25.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 6 13.6 -18.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 0.0 -31.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.9 -25.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 10.6 -21.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 6.8 -24.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 44 8.0 -23.6
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 11.6 -20.0
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 61 10.9 -20.7
IEV iShares Europe ETF 0.1 67 2 6.9 -24.6
VT Vanguard Total World Stock ETF 0.1 7 62 6.3 -25.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 60 6.1 -25.5
IUS Invesco RAFI Strategic US ETF 0.1 19 50 7.1 -24.5
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 5.8 -25.7
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 7.2 -24.3
FLEE Franklin FTSE Europe ETF 0.1 9 60 7.0 -24.5
ACWI iShares MSCI ACWI ETF 0.1 32 37 6.0 -25.6
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 14.5 -17.1
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 53 8.4 -23.1
IWO iShares Russell 2000 Growth ETF 0.1 24 45 1.5 -30.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 57 8.1 -23.5
VTWG Vanguard Russell 2000 Growth ETF 0.1 15 54 1.5 -30.0
IGE iShares North American Natural Resources ETF 0.1 41 28 7.7 -23.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 6.1 -25.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 11 7.1 -24.5
IQLT iShares MSCI Intl Quality Factor ETF 0.0 30 39 6.3 -25.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -1 7.8 -23.8
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 46 8.6 -23.0
URTH iShares MSCI World ETF 0.0 24 45 5.5 -26.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 39 5.6 -25.9
GLOF iShares Global Equity Factor ETF 0.0 20 49 6.8 -24.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.4 -26.1
EFG iShares MSCI EAFE Growth ETF 0.0 36 33 4.5 -27.1
AVSD Avantis Responsible International Equity ETF 0.0 23 46 6.8 -24.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 31 9.9 -21.6
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 5.5 -26.0
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 6.8 -24.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 37 9.6 -21.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 6.4 -25.1
DXJ WisdomTree Japan Hedged Equity Fund 0.0 48 21 8.4 -23.1
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 4.9 -26.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 4.3 -27.3
DFUS Dimensional U.S. Equity ETF 0.0 9 60 5.3 -26.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 49 6.0 -25.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 7.3 -24.3
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 7.3 -24.3
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 57 7.2 -24.4
VIG Vanguard Dividend Appreciation ETF 0.0 6 63 6.0 -25.6
VTHR Vanguard Russell 3000 ETF 0.0 10 59 5.2 -26.4
IWV iShares Russell 3000 ETF 0.0 20 49 5.0 -26.5
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 10.2 -21.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 5.5 -26.1
PFM Invesco Dividend Achievers ETF 0.0 53 16 5.3 -26.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 7.4 -24.2
DEW WisdomTree Global High Dividend Fund 0.0 58 11 7.7 -23.8
TOK iShares MSCI Kokusai ETF 0.0 26 43 5.2 -26.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 5.0 -26.5
INTF iShares International Equity Factor ETF 0.0 15 54 8.1 -23.4
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 66 5.5 -26.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 5.2 -26.4
DGRO iShares Core Dividend Growth ETF 0.0 8 61 6.6 -25.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 4.5 -27.1
VTI Vanguard Total Stock Market ETF 0.0 3 66 5.2 -26.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 28 6.5 -25.0
AVES Avantis Emerging Markets Value ETF 0.0 36 33 12.2 -19.4
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 6.2 -25.3
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 5.3 -26.3
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 5.8 -25.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 9.4 -22.2
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.6 -24.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 5.2 -26.3

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 18.3 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 31.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 CATEGORY
AVERAGE		 1.55
 
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.