SonicShares Global Shipping ETF
ALTAR
Score™		 29.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.6x P/Sales
ratio		 0.8x
P/BV
ratio		 0.6x Div.
yield		 8.3%


  • 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) $43
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 44
Wgt avg mkt cap (mns) $5,621
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
SITC INTERNATIONAL HOLDINGS 5.4 %
A.P. MOLLER - MAERSK A/S CLASS B 5.0 %
KAWASAKI KISEN KAISHA LTD 4.8 %
HYUNDAI MERCHANT MARINE 4.8 %
CHINA COSCO HOLDINGS-H 4.6 %
ORIENT OVERSEAS INTL LTD 4.5 %
FRONTLINE LTD. 4.5 %
MITSUI OSK LINES LTD 4.2 %
WILH. WILHELMSEN ASA 4.0 %
HAFNIA LTD. 3.6 %
Total 45.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 13.4 %
HONG KONG 12.5 %
BERMUDA 9.8 %
JAPAN 9.6 %
NORWAY 8.0 %
MONACO 6.8 %
CHINA 6.3 %
SOUTH KOREA 5.9 %
GREECE 5.3 %
DENMARK 5.0 %

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.
15.7% -1.0% -- -- 18.1%

Market Correlations
versus... Beta R-squared
S&P500 0.50 8%
MSCI EAFE 0.50 10%
MSCI Emg. Mkts. 0.40 8%

Technical Indicators
Recent close $29.65
30d moving avg. $31.65
Annualized volatility 23.4%
Short interest (ETF) 2.1%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.8%
Bid/Ask (% of price) 0.86%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 386 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™: 29.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BOAT
Ticker Fund
Name		 Overlap1
vs BOAT
(%)		 Expense
ratio
(bp)		 Savings
vs BOAT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BOAT
(%)
PXJ Invesco Oil & Gas Services ETF 10.0 63 6 5.1 -24.5
SUPL ProShares Supply Chain Logistics ETF 9.0 58 11 12.4 -17.2
DEEP Roundhill Acquirers Deep Value ETF 8.6 80 -11 18.1 -11.5
SHPP Pacer Industrials and Logistics ETF 7.6 60 9 8.8 -20.8
SDIV Global X Superdividend ETF 6.8 58 11 42.7 +13.1
SFLO VictoryShares Small Cap Free Cash Flow ETF 6.1 49 20 11.7 -17.9
ZIG Acquirers Fund 5.9 84 -15 19.6 -10.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.7 47 22 9.3 -20.2
DIV Global X SuperDividend US ETF 4.5 45 24 12.5 -17.1
FCA First Trust China AlphaDEX Fund 4.4 80 -11 8.1 -21.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.3 65 4 12.1 -17.5
ISHP First Trust Nasdaq Retail ETF 4.3 60 9 5.6 -23.9
IVAL Alpha Architect International Quantitative Value ETF 4.1 49 20 10.0 -19.5
FYLD Cambria Foreign Shareholder Yield ETF 4.1 59 10 11.9 -17.7
ABLD Abacus FCF Real Assets Leaders ETF 3.9 69 0 7.0 -22.5
EFAS Global X MSCI SuperDividend EAFE ETF 3.8 57 12 8.5 -21.0
PSCE Invesco S&P SmallCap Energy ETF 3.7 29 40 11.3 -18.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.6 67 2 14.0 -15.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.4 80 -11 10.6 -18.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.2 80 -11 9.0 -20.5
EDEN iShares MSCI Denmark ETF 3.2 53 16 7.0 -22.5
FJP First Trust Japan AlphaDEX Fund 3.1 80 -11 9.2 -20.4
XTN SPDR S&P Transportation ETF 3.0 35 34 5.1 -24.4
AFSM First Trust Active Factor Small Cap ETF 3.0 75 -6 7.9 -21.7
AVUV Avantis U.S. Small Cap Value ETF 2.9 25 44 10.0 -19.5
ECML Euclidean Fundamental Value ETF 2.8 95 -26 11.7 -17.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -11 9.5 -20.0
GCOW Pacer Global Cash Cows Dividend ETF 2.7 60 9 11.2 -18.4
RODE Hartford Multifactor Diversified International ETF 2.7 29 40 11.5 -18.1
VIDI Vident International Equity Strategy ETF 2.6 61 8 10.9 -18.6
DSMC Distillate Small/Mid Cash Flow ETF 2.6 55 14 12.5 -17.0
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 2.5 59 10 6.4 -23.1
RFEU First Trust Riverfront Dynamic Europe ETF 2.2 83 -14 10.6 -18.9
SMCF Themes US Small Cap Cash Flow Champions ETF 2.1 29 40 12.5 -17.0
AZTD Aztlan Global Stock Selection DM SMID ETF 2.0 75 -6 7.9 -21.7
SVAL iShares US Small Cap Value Factor ETF 1.9 20 49 10.7 -18.8
ENOR iShares MSCI Norway ETF 1.9 53 16 10.9 -18.6
NORW Global X MSCI Norway ETF 1.9 50 19 10.7 -18.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.9 70 -1 13.1 -16.4
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.9 35 34 7.7 -21.9
CALF Pacer US Small Cap Cash Cows 100 ETF 1.8 59 10 11.1 -18.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 40 8.3 -21.2
IDOG ALPS International Sector Dividend Dogs ETF 1.8 50 19 12.4 -17.1
AVDV Avantis International Small Cap Value ETF 1.8 36 33 9.3 -20.3
SURE AdvisorShares Insiders Advantage ETF 1.8 90 -21 9.9 -19.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.7 29 40 7.8 -21.7
FLHK Franklin FTSE Hong Kong ETF 1.7 9 60 6.7 -22.8
OAIM OneAscent International Equity ETF 1.6 95 -26 5.7 -23.9
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 7.6 -21.9
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.6 65 4 4.2 -25.4
DLS WisdomTree International SmallCap Dividend Fund 1.5 58 11 8.3 -21.3
EWH iShares MSCI Hong Kong ETF 1.5 50 19 5.3 -24.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.5 60 9 10.8 -18.7
EMIF iShares Emerging Markets Infrastructure ETF 1.5 60 9 5.0 -24.5
OCEN IQ Clean Oceans ETF 1.5 45 24 6.1 -23.5
NDIV Amplify Natural Resources Dividend Income ETF 1.5 59 10 14.7 -14.8
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 1.5 59 10 4.2 -25.4
DVYE iShares Emerging Markets Dividend ETF 1.5 49 20 19.1 -10.5
RNIN Bushido Capital US SMID Cap Equity ETF 1.4 70 -1 10.6 -19.0
DFSV Dimensional US Small Cap Value ETF 1.4 31 38 10.4 -19.1
VFVA Vanguard U.S. Value Factor ETF 1.4 13 56 11.2 -18.3
PSC Principal U.S. Small-Cap ETF 1.4 38 31 6.9 -22.7
ROAM Hartford Multifactor Emerging Markets ETF 1.4 44 25 12.0 -17.6
DFE WisdomTree Europe SmallCap Dividend Fund 1.3 58 11 8.2 -21.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.3 25 44 7.9 -21.6
AVSC Avantis U.S Small Cap Equity ETF 1.3 25 44 5.7 -23.9
PSCI Invesco S&P SmallCap Industrials ETF 1.3 29 40 5.2 -24.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.3 45 24 10.8 -18.7
UIVM VictoryShares International Value Momentum ETF 1.2 35 34 9.1 -20.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.2 35 34 9.8 -19.8
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -11 11.3 -18.3
EES WisdomTree U.S. SmallCap Fund 1.1 38 31 9.1 -20.5
IWN iShares Russell 2000 Value ETF 1.1 24 45 7.3 -22.3
FIVA Fidelity International Value Factor ETF 1.1 18 51 9.8 -19.7
VTWV Vanguard Russell 2000 Value ETF 1.1 10 59 7.3 -22.3
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -14 9.5 -20.1
EIPX FT Energy Income Partners Strategy ETF 1.1 95 -26 7.7 -21.8
FDM First Trust Dow Jones Select MicroCap Index Fund 1.1 60 9 7.7 -21.8
SIXS ETC 6 Meridian Small Cap Equity ETF 1.0 89 -20 10.2 -19.3
DFAT Dimensional U.S. Targeted Value ETF 1.0 28 41 9.6 -19.9
COPY Tweedy, Browne Insider + Value ETF 0.9 80 -11 12.0 -17.5
QLV FlexShares US Quality Low Volatility Index Fund 0.9 22 47 5.6 -23.9
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 34 9.5 -20.0
ROSC Hartford Multifactor Small Cap ETF 0.9 34 35 9.6 -20.0
SYLD Cambria Shareholder Yield ETF 0.9 59 10 12.2 -17.4
EYLD Cambria Emerging Shareholder Yield ETF 0.9 66 3 12.6 -16.9
DIM WisdomTree International MidCap Dividend Fund 0.9 58 11 7.7 -21.9
FENI Fidelity Enhanced International ETF 0.8 28 41 6.5 -23.0
SMDV ProShares Russell 2000 Dividend Growers ETF 0.8 40 29 7.8 -21.8
FEP First Trust Europe AlphaDEX Fund 0.8 80 -11 9.0 -20.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.8 37 32 8.5 -21.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 4 7.8 -21.7
EWJV iShares MSCI Japan Value ETF 0.8 15 54 9.0 -20.5
IVLU iShares MSCI Intl Value Factor ETF 0.8 30 39 10.4 -19.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -10 8.5 -21.1
DTH WisdomTree International High Dividend Fund 0.8 58 11 8.6 -20.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.8 52 17 6.3 -23.3
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 22 9.0 -20.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 30 5.3 -24.2
FDLS Inspire Fidelis Multi Factor ETF 0.7 76 -7 5.2 -24.4
FYT First Trust Small Cap Value AlphaDEX Fund 0.7 73 -4 11.1 -18.4
VFMF Vanguard U.S. Multifactor ETF 0.7 18 51 8.1 -21.5
CLNR IQ Cleaner Transport ETF 0.7 45 24 6.7 -22.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 19 11.0 -18.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 49 5.6 -23.9
ISMD Inspire Small/Mid Cap ETF 0.7 54 15 5.7 -23.8
IYT iShares US Transportation ETF 0.7 40 29 5.2 -24.3
VWID Virtus WMC International Dividend ETF 0.7 49 20 8.6 -21.0
WCEO Hypatia Women CEO ETF 0.7 85 -16 3.9 -25.7
FSMD Fidelity Small-Mid Multifactor ETF 0.7 15 54 7.3 -22.3
FLKR Franklin FTSE South Korea ETF 0.7 9 60 8.4 -21.1
GREK Global X MSCI Greece ETF 0.7 57 12 10.7 -18.8
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -1 11.4 -18.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -11 5.0 -24.6
FTXR First Trust Nasdaq Transportation ETF 0.6 60 9 9.1 -20.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.6 37 32 6.0 -23.5
WBIY WBI Power Factor High Dividend ETF 0.6 100 -31 15.6 -14.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 33 11.0 -18.5
TPSC Timothy Plan US Small Cap Core ETF 0.6 52 17 7.0 -22.5
RSSL Global X Russell 2000 ETF 0.6 8 61 4.3 -25.3
ISRA VanEck Israel ETF 0.6 59 10 7.0 -22.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -26 11.6 -17.9
SQLV Royce Quant Small-Cap Quality Value ETF 0.6 60 9 9.8 -19.7
DISV Dimensional International Small Cap Value ETF 0.6 42 27 9.0 -20.6
GWX SPDR S&P International Small Cap ETF 0.5 40 29 6.0 -23.6
IWC iShares Micro-Cap ETF 0.5 60 9 -0.8 -30.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.5 9 60 9.3 -20.2
IPKW Invesco International BuyBack Achievers ETF 0.5 55 14 12.8 -16.7
VTWO Vanguard Russell 2000 ETF 0.5 7 62 4.2 -25.3
IWM iShares Russell 2000 ETF 0.5 19 50 4.2 -25.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.5 32 37 15.6 -14.0
EWY iShares MSCI South Korea ETF 0.5 58 11 7.7 -21.8
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 34 7.8 -21.7
JSML Janus Henderson Small Cap Growth Alpha ETF 0.5 30 39 7.9 -21.7
VUSE Vident U.S. Equity Strategy ETF 0.5 50 19 4.6 -25.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 24 8.8 -20.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 20 6.9 -22.6
EIS iShares MSCI Israel ETF 0.5 58 11 7.6 -22.0
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 57 7.6 -22.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 8.0 -21.5
FESM Fidelity Enhanced Small Cap ETF 0.5 28 41 7.2 -22.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 34 10.3 -19.2
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 51 9.9 -19.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.5 39 30 7.9 -21.6
IJR iShares Core S&P Small Cap ETF 0.5 6 63 7.8 -21.8
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 51 5.6 -23.9
JPXN iShares JPX-Nikkei 400 ETF 0.5 48 21 6.7 -22.8
MCH Matthews China Active ETF 0.5 79 -10 13.9 -15.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 10 59 10.0 -19.6
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 7 62 7.8 -21.8
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 54 10.0 -19.6
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 50 6.8 -22.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 59 5.8 -23.8
GXC SPDR S&P China ETF 0.4 59 10 15.0 -14.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 20 15.6 -13.9
ESIX SPDR S&P SmallCap 600 ESG ETF 0.4 12 57 8.3 -21.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 66 7.8 -21.7
SLYG SPDR S&P 600 Small Cap Growth ETF 0.4 15 54 5.7 -23.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 22 8.4 -21.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 4.1 -25.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.4 90 -21 6.9 -22.7
DFAS Dimensional U.S. Small Cap ETF 0.4 26 43 6.5 -23.0
BFOR ALPS Barron's 400 ETF 0.4 65 4 6.1 -23.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 8.0 -21.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 44 7.3 -22.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.4 47 22 6.0 -23.6
FXI iShares China Large-Cap ETF 0.4 74 -5 18.5 -11.1
EIRL iShares MSCI Ireland ETF 0.4 50 19 8.7 -20.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.4 20 49 6.4 -23.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 9.5 -20.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 16.1 -13.5
EWJ iShares MSCI Japan ETF 0.4 50 19 6.2 -23.3
AFMC First Trust Active Factor Mid Cap ETF 0.4 65 4 8.6 -21.0
INEQ Columbia International Equity Income ETF 0.4 45 24 8.2 -21.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.4 32 37 6.2 -23.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.4 61 8 6.0 -23.6
FLJP Franklin FTSE Japan ETF 0.4 9 60 6.4 -23.2
JHMD John Hancock Multifactor Developed International ETF 0.4 39 30 7.6 -21.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.4 35 34 17.6 -11.9
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -11 6.3 -23.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 30 6.8 -22.8
FLJH Franklin FTSE Japan Hedged ETF 0.4 9 60 5.9 -23.6
AVDS Avantis International Small Cap Equity ETF 0.4 30 39 7.3 -22.3
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.3 55 14 10.4 -19.1
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 2 10.2 -19.3
QINT American Century Quality Diversified International ETF 0.3 39 30 7.3 -22.2
FCPI Fidelity Stocks for Inflation ETF 0.3 15 54 7.5 -22.1
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 27 7.3 -22.2
SCHC Schwab International Small-Cap Equity ETF 0.3 11 58 6.6 -23.0
DWM WisdomTree International Equity Fund 0.3 48 21 7.5 -22.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 30 5.9 -23.7
VPL Vanguard FTSE Pacific ETF 0.3 7 62 6.9 -22.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 9 7.4 -22.2
EFV iShares MSCI EAFE Value ETF 0.3 34 35 9.1 -20.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 9.8 -19.7
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 6.4 -23.2
VFMV Vanguard U.S. Minimum Volatility ETF 0.3 13 56 5.9 -23.7
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 8.4 -21.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.3 40 29 7.5 -22.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 10.6 -18.9
STXK Strive Small-Cap ETF 0.3 18 51 5.9 -23.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 20 9.9 -19.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 29 6.9 -22.6
DXIV Dimensional International Vector Equity ETF 0.3 34 35 7.9 -21.7
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 6.6 -22.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 44 7.2 -22.4
IDV iShares International Select Dividend ETF 0.3 51 18 10.9 -18.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 54 5.9 -23.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 6.6 -22.9
DFIV Dimensional International Value ETF 0.3 27 42 9.7 -19.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 49 7.0 -22.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 30 5.8 -23.7
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 22 5.2 -24.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 39 7.0 -22.5
AVDE Avantis International Equity ETF 0.3 23 46 7.3 -22.2
CIL VictoryShares International Volatility Wtd ETF 0.3 45 24 6.7 -22.8
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.3 27 42 7.1 -22.5
EXI iShares Global Industrials ETF 0.2 42 27 4.5 -25.0
DXUV Dimensional US Vector Equity ETF 0.2 28 41 6.3 -23.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 61 6.1 -23.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 7.0 -22.5
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 62 10.3 -19.2
MCHI iShares MSCI China ETF 0.2 59 10 17.1 -12.4
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 9.7 -19.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 8.9 -20.6
DFIS Dimensional International Small Cap ETF 0.2 39 30 7.3 -22.3
FLCH Franklin FTSE China ETF 0.2 19 50 15.5 -14.1
ETHO Etho Climate Leadership U.S. ETF 0.2 47 22 5.3 -24.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 4 7.8 -21.7
IQSI IQ Candriam International Equity ETF 0.2 15 54 6.7 -22.9
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 9.3 -20.2
DIHP Dimensional International High Profitability ETF 0.2 29 40 7.2 -22.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 7.0 -22.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 49 6.2 -23.3
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 44 7.3 -22.2
VDE Vanguard Energy ETF 0.2 9 60 9.2 -20.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 7.8 -21.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 11 7.0 -22.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 57 7.7 -21.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 9.0 -20.5
QDF FlexShares Quality Dividend Index Fund 0.2 37 32 6.2 -23.4
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 7.4 -22.1
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 63 9.5 -20.1
XCEM Columbia EM Core ex-China ETF 0.2 16 53 8.0 -21.6
TPIF Timothy Plan International ETF 0.2 62 7 6.3 -23.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 7.9 -21.7
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 7.0 -22.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 9.2 -20.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 65 5.9 -23.6
VEA Vanguard FTSE Developed Markets ETF 0.2 3 66 7.2 -22.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 7.8 -21.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 33 6.4 -23.1
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 36 8.2 -21.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 33 9.5 -20.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 54 10.0 -19.6
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 6.9 -22.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 49 6.4 -23.2
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 52 13.7 -15.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 39 9.1 -20.5
EFA iShares MSCI EAFE ETF 0.2 35 34 6.7 -22.8
PKW Invesco Buyback Achievers ETF 0.2 62 7 7.3 -22.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 6.9 -22.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 3 9.2 -20.4
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 33 7.6 -21.9
EBI Longview Advantage ETF 0.2 35 34 6.6 -23.0
SCHF Schwab International Equity ETF 0.2 6 63 7.2 -22.3
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 62 7.8 -21.8
AVIV Avantis International Large Cap Value ETF 0.2 25 44 8.5 -21.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 28 7.3 -22.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 20 9.9 -19.7
DFAI Dimensional International Core Equity Market ETF 0.1 18 51 7.1 -22.4
VXUS Vanguard Total International Stock ETF 0.1 5 64 7.8 -21.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 40 6.6 -22.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 9.8 -19.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 7.6 -21.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 39 6.8 -22.7
EZM WisdomTree U.S. MidCap Fund 0.1 38 31 9.4 -20.2
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 56 6.5 -23.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.1 60 9 7.7 -21.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 8.0 -21.5
SCHA Schwab U.S. Small-Cap ETF 0.1 4 65 5.9 -23.7
BKIE BNY Mellon International Equity ETF 0.1 4 65 7.1 -22.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 10.0 -19.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 8.7 -20.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 39 10.0 -19.6
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 34 7.4 -22.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 7.6 -21.9
ISCB iShares Morningstar Small-Cap ETF 0.1 4 65 6.2 -23.3
BKF iShares MSCI BIC ETF 0.1 69 0 13.5 -16.0
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 11.4 -18.2
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 56 2.8 -26.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 7.7 -21.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 7.9 -21.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.9 -23.7
VBR Vanguard Small Cap Value ETF 0.1 7 62 9.4 -20.2
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 9.9 -19.6
SPEU SPDR Portfolio Europe ETF 0.1 7 62 7.4 -22.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 6.0 -23.6
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 10.2 -19.4
VGK Vanguard FTSE Europe ETF 0.1 6 63 7.5 -22.1
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 7.5 -22.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 6.2 -23.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 9.7 -19.8
AVUS Avantis U.S. Equity ETF 0.1 15 54 5.8 -23.8
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 7.6 -21.9
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 6.2 -23.3
VXF Vanguard Extended Market ETF 0.1 5 64 4.7 -24.9
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 44 8.6 -21.0
VSGX Vanguard ESG International Stock ETF 0.1 10 59 7.6 -21.9
IEUR iShares Core MSCI Europe ETF 0.1 11 58 7.4 -22.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 5.5 -24.0
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 31 9.2 -20.3
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 6 13.8 -15.8
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 6.0 -23.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 6.5 -23.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 7.6 -22.0
IEV iShares Europe ETF 0.1 67 2 6.9 -22.7
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 13.2 -16.4
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -56 5.3 -24.2
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 7.2 -22.4
FLEE Franklin FTSE Europe ETF 0.1 9 60 7.3 -22.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 6.2 -23.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 44 7.4 -22.2
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 10.0 -19.5
VIS Vanguard Industrials ETF 0.1 9 60 4.6 -25.0
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 10.7 -18.9
VB Vanguard Small-Cap ETF 0.1 5 64 6.2 -23.3
IGE iShares North American Natural Resources ETF 0.1 41 28 7.4 -22.1
VT Vanguard Total World Stock ETF 0.1 6 63 5.8 -23.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.6 -23.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.9 -26.7
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 5.4 -24.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 44 6.5 -23.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 39 5.5 -24.1
GLOF iShares Global Equity Factor ETF 0.1 20 49 6.4 -23.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 9.1 -20.5
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 53 8.4 -21.2
ACWI iShares MSCI ACWI ETF 0.1 32 37 5.5 -24.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 37 8.9 -20.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 11 7.0 -22.6
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 46 8.2 -21.3
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 57 7.5 -22.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.4 -24.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 8.4 -21.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 5.0 -24.6
IQDG WisdomTree International Quality Dividend Growth Fund 0.0 42 27 7.3 -22.2
DXJ WisdomTree Japan Hedged Equity Fund 0.0 48 21 7.3 -22.2
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 6.8 -22.7
IUS Invesco RAFI Strategic US ETF 0.0 19 50 6.9 -22.6
URTH iShares MSCI World ETF 0.0 24 45 5.0 -24.5
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 30 6.8 -22.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -1 7.7 -21.8
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 7.1 -22.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 5.6 -23.9
AVSD Avantis Responsible International Equity ETF 0.0 23 46 5.6 -23.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 5.2 -24.4
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 4.5 -25.0
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 9.1 -20.5
INTF iShares International Equity Factor ETF 0.0 15 54 7.6 -21.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 7.3 -22.3
IWV iShares Russell 3000 ETF 0.0 20 49 4.7 -24.8
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.8 -24.7
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.8 -24.8
TOK iShares MSCI Kokusai ETF 0.0 26 43 5.0 -24.6
DEW WisdomTree Global High Dividend Fund 0.0 58 11 8.5 -21.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 6.5 -23.1
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 7.2 -22.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 3.6 -25.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 7.7 -21.9
DIVB iShares Core Dividend ETF 0.0 5 64 8.2 -21.3
GVLU Gotham 1000 Value ETF 0.0 50 19 9.1 -20.5
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 5.6 -24.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 8.6 -21.0
PFM Invesco Dividend Achievers ETF 0.0 53 16 5.3 -24.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.8 -24.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 66 5.1 -24.4
AVES Avantis Emerging Markets Value ETF 0.0 36 33 11.0 -18.5
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 6.3 -23.2
DGRO iShares Core Dividend Growth ETF 0.0 8 61 6.5 -23.0
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.8 -24.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 5.0 -24.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 5.4 -24.2
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.7 -24.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 4.5 -25.1
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.4 -23.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.9 -24.7

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 18.2 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 29.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

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

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

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

 

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