SonicShares Global Shipping ETF
ALTAR
Score™		 34.8% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 5.7x P/Sales
ratio		 1.1x
P/BV
ratio		 0.9x Div.
yield		 6.3%


  • 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 43
Wgt avg mkt cap (mns) $7,257
Large cap (>$10bn) 24.6%
Mid cap ($2-10bn) 45.4%
Small cap (<$2bn) 28.6%
Developed mkts 80.2%
Emerging mkts 19.8%

TOP TEN HOLDINGS
MITSUI OSK LINES LTD 6.1 %
MATSON INC 6.0 %
HYUNDAI MERCHANT MARINE 5.9 %
SITC INTERNATIONAL HOLDINGS 5.8 %
A.P. MOLLER - MAERSK A/S CLASS B 5.6 %
KAWASAKI KISEN KAISHA LTD 5.0 %
CHINA COSCO HOLDINGS-H 4.7 %
WILH. WILHELMSEN ASA 4.6 %
ORIENT OVERSEAS INTL LTD 4.5 %
STAR BULK CARRIERS CORP 3.8 %
Total 51.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 14.8 %
JAPAN 11.7 %
BERMUDA 11.7 %
HONG KONG 11.6 %
NORWAY 7.6 %
SOUTH KOREA 7.6 %
GREECE 6.1 %
CHINA 5.8 %
DENMARK 5.6 %
MONACO 4.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.5% 23.8% -- -- 18.5%

Market Correlations
versus... Beta R-squared
S&P500 0.90 27%
MSCI EAFE 1.05 37%
MSCI Emg. Mkts. 0.74 18%

Technical Indicators
Recent close $32.83
30d moving avg. $33.90
Annualized volatility 30.3%
Short interest (ETF) 0.5%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.9%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $1,124

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™: 34.8%


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
(%)
SEA U.S. Global Sea to Sky Cargo ETF 30.8 60 9 21.5 -13.3
SUPL ProShares Supply Chain Logistics ETF 8.8 58 11 14.2 -20.6
PXJ Invesco Oil & Gas Services ETF 8.4 63 6 0.9 -33.9
SHPP Pacer Industrials and Logistics ETF 7.5 60 9 9.9 -25.0
ERNZ TrueShares Active Yield ETF 6.7 75 -6 10.9 -23.9
SDIV Global X Superdividend ETF 5.9 58 11 14.9 -19.9
NORW Global X MSCI Norway ETF 4.7 50 19 7.6 -27.3
SFLO VictoryShares Small Cap Free Cash Flow ETF 4.2 49 20 10.2 -24.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.0 47 22 8.0 -26.9
ENOR iShares MSCI Norway ETF 4.0 53 16 7.5 -27.3
DEEP Roundhill Acquirers Deep Value ETF 4.0 80 -11 21.0 -13.9
VIDI Vident International Equity Strategy ETF 3.8 61 8 10.2 -24.6
AVUV Avantis U.S. Small Cap Value ETF 3.7 25 44 8.8 -26.0
FYLD Cambria Foreign Shareholder Yield ETF 3.6 59 10 13.6 -21.2
XTN SPDR S&P Transportation ETF 3.5 35 34 2.1 -32.8
OCTA Octane All-Cap Value Energy ETF 3.3 30 39 12.7 -22.1
ISHP First Trust Nasdaq Retail ETF 3.2 60 9 2.9 -32.0
LNGG Roundhill Alerian LNG ETF 3.0 65 4 9.1 -25.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.0 56 13 13.5 -21.4
FCA First Trust China AlphaDEX Fund 2.9 80 -11 16.2 -18.7
DSMC Distillate Small/Mid Cash Flow ETF 2.9 55 14 12.2 -22.6
DVYE iShares Emerging Markets Dividend ETF 2.9 49 20 18.8 -16.1
CALF Pacer US Small Cap Cash Cows 100 ETF 2.7 59 10 5.1 -29.8
FDVV Fidelity High Dividend ETF 2.6 15 54 8.7 -26.2
EDEN iShares MSCI Denmark ETF 2.5 53 16 6.9 -27.9
ZIG Acquirers Fund 2.4 84 -15 13.1 -21.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.4 60 9 13.4 -21.4
IDOG ALPS International Sector Dividend Dogs ETF 2.3 50 19 12.8 -22.0
AFSM First Trust Active Factor Small Cap ETF 2.3 75 -6 6.3 -28.5
IMOM Alpha Architect International Quantitative Momentum ETF 2.3 49 20 5.7 -29.1
ECML Euclidean Fundamental Value ETF 2.2 95 -26 12.2 -22.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 2.2 35 34 6.6 -28.3
FJP First Trust Japan AlphaDEX Fund 2.2 80 -11 10.3 -24.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.2 29 40 6.5 -28.3
SURE AdvisorShares Insiders Advantage ETF 2.2 90 -21 9.3 -25.6
MBOX Freedom Day Dividend ETF 2.1 39 30 7.4 -27.4
VFVA Vanguard U.S. Value Factor ETF 2.1 13 56 10.0 -24.8
DIV Global X SuperDividend US ETF 2.1 45 24 7.9 -27.0
PSCI Invesco S&P SmallCap Industrials ETF 2.1 29 40 5.2 -29.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.0 80 -11 9.1 -25.8
RFEU First Trust Riverfront Dynamic Europe ETF 2.0 83 -14 11.1 -23.7
RODE Hartford Multifactor Diversified International ETF 2.0 29 40 11.8 -23.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.0 80 -11 7.6 -27.2
AZTD Aztlan Global Stock Selection DM SMID ETF 1.9 75 -6 7.8 -27.1
SMCF Themes US Small Cap Cash Flow Champions ETF 1.9 29 40 10.2 -24.7
SVAL iShares US Small Cap Value Factor ETF 1.9 20 49 9.8 -25.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.8 35 34 5.9 -28.9
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.8 35 34 9.8 -25.0
PSC Principal U.S. Small-Cap ETF 1.8 38 31 5.9 -28.9
SMCP AlphaMark Actively Managed Small Cap ETF 1.7 90 -21 3.9 -30.9
FEM First Trust Emerging Markets AlphaDEX Fund 1.7 80 -11 13.0 -21.8
AVDV Avantis International Small Cap Value ETF 1.7 36 33 8.1 -26.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.7 49 20 16.1 -18.7
DFSV Dimensional US Small Cap Value ETF 1.7 31 38 8.3 -26.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.6 70 -1 9.2 -25.6
AVSC Avantis U.S Small Cap Equity ETF 1.5 25 44 4.7 -30.1
VFMF Vanguard U.S. Multifactor ETF 1.5 18 51 8.5 -26.3
EWH iShares MSCI Hong Kong ETF 1.5 50 19 6.2 -28.6
OCEN IQ Clean Oceans ETF 1.5 45 24 6.1 -28.8
FEP First Trust Europe AlphaDEX Fund 1.4 80 -11 7.8 -27.0
FIDI Fidelity International High Dividend ETF 1.4 18 51 10.9 -23.9
FLHK Franklin FTSE Hong Kong ETF 1.3 9 60 6.8 -28.0
XSMO Invesco S&P SmallCap Momentum ETF 1.3 39 30 6.8 -28.0
SYLD Cambria Shareholder Yield ETF 1.3 59 10 10.9 -23.9
FTXR First Trust Nasdaq Transportation ETF 1.3 60 9 6.8 -28.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.3 39 30 5.8 -29.0
ROSC Hartford Multifactor Small Cap ETF 1.3 34 35 8.6 -26.2
ISRA VanEck Israel ETF 1.2 59 10 8.0 -26.8
RFDI First Trust Riverfront Dynamic Developed International ETF 1.2 83 -14 10.0 -24.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.2 80 -11 10.8 -24.0
DLS WisdomTree International SmallCap Dividend Fund 1.2 58 11 8.8 -26.0
VFMO Vanguard U.S. Momentum Factor ETF 1.2 13 56 2.1 -32.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.2 60 9 9.0 -25.8
EIS iShares MSCI Israel ETF 1.1 58 11 8.5 -26.3
SCAP InfraCap Small Cap Income ETF 1.1 135 -66 8.5 -26.3
IWN iShares Russell 2000 Value ETF 1.1 24 45 4.8 -30.0
VTWV Vanguard Russell 2000 Value ETF 1.1 15 54 4.9 -29.9
EMIF iShares Emerging Markets Infrastructure ETF 1.1 60 9 8.5 -26.3
DFAT Dimensional U.S. Targeted Value ETF 1.1 28 41 7.8 -27.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.1 65 4 12.8 -22.1
CVY Invesco Zacks Multi-Asset Income ETF 1.0 106 -37 9.8 -25.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.0 20 49 4.6 -30.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.0 39 30 4.1 -30.8
IPKW Invesco International BuyBack Achievers ETF 1.0 55 14 11.0 -23.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.0 70 -1 3.5 -31.3
IYT iShares US Transportation ETF 1.0 40 29 2.1 -32.7
ROAM Hartford Multifactor Emerging Markets ETF 1.0 44 25 15.8 -19.0
VAMO Cambria Value & Momentum ETF 1.0 61 8 8.2 -26.6
IJT iShares S&P Small-Cap 600 Growth ETF 1.0 18 51 5.8 -29.1
EWJV iShares MSCI Japan Value ETF 1.0 15 54 10.2 -24.7
UIVM VictoryShares International Value Momentum ETF 1.0 35 34 11.0 -23.8
DFE WisdomTree Europe SmallCap Dividend Fund 0.9 58 11 10.7 -24.1
VWID Virtus WMC International Dividend ETF 0.9 49 20 9.6 -25.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.9 15 54 5.8 -29.0
SLYG SPDR S&P 600 Small Cap Growth ETF 0.9 15 54 5.8 -29.1
SMDV ProShares Russell 2000 Dividend Growers ETF 0.9 40 29 6.4 -28.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 44 7.2 -27.6
IQDE FlexShares International Quality Dividend Defensive Index ET 0.9 47 22 14.8 -20.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.9 45 24 12.3 -22.5
EYLD Cambria Emerging Shareholder Yield ETF 0.9 66 3 13.2 -21.7
FESM Fidelity Enhanced Small Cap ETF 0.9 28 41 1.7 -33.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 22 9.4 -25.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.9 29 40 8.6 -26.2
MCH Matthews China Active ETF 0.8 79 -10 5.4 -29.4
CGV Conductor Global Equity Value ETF 0.8 130 -61 10.9 -23.9
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 22 12.9 -21.9
FDRR Fidelity Dividend ETF for Rising Rates 0.8 15 54 7.4 -27.4
FSMD Fidelity Small-Mid Multifactor ETF 0.8 15 54 6.8 -28.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 4 8.2 -26.7
EIPX FT Energy Income Partners Strategy ETF 0.8 95 -26 6.0 -28.8
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 0.8 38 31 4.9 -29.9
IVLU iShares MSCI Intl Value Factor ETF 0.8 30 39 11.4 -23.4
GVAL Cambria Global Value ETF 0.7 68 1 13.1 -21.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.7 52 17 5.3 -29.5
ESIX SPDR S&P SmallCap 600 ESG ETF 0.7 12 57 7.4 -27.4
GWX SPDR S&P International Small Cap ETF 0.7 40 29 6.5 -28.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -10 10.3 -24.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.7 9 60 9.9 -24.9
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.7 35 34 4.6 -30.3
FNK First Trust Mid Cap Value AlphaDEX Fund 0.7 70 -1 10.0 -24.8
RSSL Global X Russell 2000 ETF 0.6 8 61 2.6 -32.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 20 7.0 -27.9
FIVA Fidelity International Value Factor ETF 0.6 18 51 10.2 -24.6
SQLV Royce Quant Small-Cap Quality Value ETF 0.6 60 9 7.1 -27.7
TPSC Timothy Plan US Small Cap Core ETF 0.6 52 17 6.5 -28.3
DFAS Dimensional U.S. Small Cap ETF 0.6 26 43 5.5 -29.3
IWM iShares Russell 2000 ETF 0.6 19 50 2.8 -32.0
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.6 59 10 3.9 -31.0
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.6 35 34 6.2 -28.6
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.6 42 27 6.1 -28.7
VTWO Vanguard Russell 2000 ETF 0.6 10 59 2.9 -31.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -26 10.5 -24.3
JPXN iShares JPX-Nikkei 400 ETF 0.6 48 21 8.7 -26.1
WBIY WBI Power Factor High Dividend ETF 0.6 100 -31 11.2 -23.7
IWC iShares Micro-Cap ETF 0.6 60 9 -4.9 -39.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 7.5 -27.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 57 7.0 -27.9
VFMV Vanguard U.S. Minimum Volatility ETF 0.5 13 56 5.0 -29.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 60 3.3 -31.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 34 12.4 -22.4
WCEO Hypatia Women CEO ETF 0.5 85 -16 4.2 -30.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.5 37 32 8.9 -26.0
GXC SPDR S&P China ETF 0.5 59 10 8.3 -26.5
IEUS iShares MSCI Europe Small-Cap ETF 0.5 42 27 6.4 -28.4
STXK Strive Small-Cap ETF 0.5 18 51 5.0 -29.8
EWY iShares MSCI South Korea ETF 0.5 58 11 9.8 -25.0
FLKR Franklin FTSE South Korea ETF 0.5 9 60 10.6 -24.2
CID VictoryShares International High Div Volatility Wtd ETF 0.5 45 24 11.9 -22.9
FXI iShares China Large-Cap ETF 0.5 74 -5 8.2 -26.6
ETHO Etho Climate Leadership U.S. ETF 0.5 47 22 3.4 -31.4
IDV iShares International Select Dividend ETF 0.5 51 18 12.2 -22.6
IJR iShares Core S&P Small Cap ETF 0.5 6 63 6.6 -28.2
EWJ iShares MSCI Japan ETF 0.5 50 19 8.0 -26.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 10 59 6.6 -28.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 66 6.7 -28.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.5 25 44 8.6 -26.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 54 4.6 -30.2
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 9 1.4 -33.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 24 8.9 -25.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.4 20 49 4.0 -30.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.4 47 22 7.4 -27.5
BBJP JPMorgan BetaBuilders Japan ETF 0.4 19 50 7.8 -27.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 9 6.8 -28.0
AVDE Avantis International Equity ETF 0.4 23 46 8.1 -26.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 29 6.6 -28.2
DISV Dimensional International Small Cap Value ETF 0.4 42 27 9.1 -25.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 19 13.0 -21.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -19 7.4 -27.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 9.9 -25.0
SCHC Schwab International Small-Cap Equity ETF 0.4 11 58 6.6 -28.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 30 7.4 -27.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 30 7.5 -27.3
DTH WisdomTree International High Dividend Fund 0.4 58 11 10.1 -24.7
MCHI iShares MSCI China ETF 0.4 59 10 8.4 -26.5
FLJH Franklin FTSE Japan Hedged ETF 0.4 9 60 7.7 -27.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.4 4 65 4.8 -30.1
ISMD Inspire Small/Mid Cap ETF 0.4 54 15 5.3 -29.5
SSLY Syntax Stratified SmallCap ETF 0.4 40 29 7.4 -27.4
VPL Vanguard FTSE Pacific ETF 0.4 8 61 7.7 -27.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 8.1 -26.7
FLJP Franklin FTSE Japan ETF 0.4 9 60 7.8 -27.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 20 12.2 -22.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.3 36 33 11.1 -23.7
BFOR ALPS Barron's 400 ETF 0.3 65 4 5.6 -29.2
JHMD John Hancock Multifactor Developed International ETF 0.3 39 30 7.8 -27.1
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 7.2 -27.6
FENI Fidelity Enhanced International ETF 0.3 28 41 8.1 -26.8
CIL VictoryShares International Volatility Wtd ETF 0.3 45 24 7.0 -27.8
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.3 51 18 7.1 -27.7
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 9 12.5 -22.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 7.5 -27.3
EFV iShares MSCI EAFE Value ETF 0.3 34 35 9.4 -25.4
XSHQ Invesco S&P SmallCap Quality ETF 0.3 29 40 8.3 -26.5
IQIN IQ 500 International ETF 0.3 25 44 9.2 -25.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 30 12.5 -22.4
DIM WisdomTree International MidCap Dividend Fund 0.3 58 11 7.7 -27.1
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 63 7.2 -27.6
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 8.9 -26.0
FDEV Fidelity International Multifactor ETF 0.3 18 51 7.8 -27.0
EXI iShares Global Industrials ETF 0.3 42 27 4.5 -30.3
FLCH Franklin FTSE China ETF 0.3 19 50 8.8 -26.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 20 8.2 -26.7
RNSC Furst Trust Small Cap US Equity Select ETF 0.3 60 9 6.8 -28.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 10.6 -24.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 39 8.1 -26.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 39 7.3 -27.6
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 44 8.5 -26.3
JSML Janus Henderson Small Cap Growth Alpha ETF 0.3 30 39 6.5 -28.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 37 6.1 -28.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 7.2 -27.6
VYMI Vanguard International High Dividend Yield ETF 0.2 22 47 9.8 -25.0
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 31 6.8 -28.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 62 6.7 -28.1
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 6.4 -28.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 4 8.2 -26.7
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 44 6.0 -28.8
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 7.0 -27.8
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 62 7.3 -27.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 6.2 -28.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 44 7.2 -27.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 30 7.2 -27.6
AVIV Avantis International Large Cap Value ETF 0.2 25 44 9.0 -25.9
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 7.1 -27.7
VSGX Vanguard ESG International Stock ETF 0.2 12 57 6.8 -28.1
OPTZ Optimize Strategy Index ETF 0.2 50 19 2.9 -31.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 6.9 -28.0
IQSI IQ Candriam International Equity ETF 0.2 15 54 6.6 -28.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.2 30 39 5.4 -29.4
DFIS Dimensional International Small Cap ETF 0.2 39 30 6.9 -27.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 2 8.6 -26.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 34 6.6 -28.2
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 22 4.9 -29.9
EZM WisdomTree U.S. MidCap Fund 0.2 38 31 7.4 -27.5
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 7.7 -27.1
SCHA Schwab U.S. Small-Cap ETF 0.2 4 65 4.4 -30.4
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 40 6.5 -28.4
VBR Vanguard Small Cap Value ETF 0.2 7 62 7.8 -27.0
AVES Avantis Emerging Markets Value ETF 0.2 36 33 11.6 -23.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 49 7.1 -27.8
AVUS Avantis U.S. Equity ETF 0.2 15 54 5.6 -29.2
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 7.9 -26.9
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 11 7.8 -27.0
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 7.1 -27.7
ISCB iShares Morningstar Small-Cap ETF 0.2 4 65 4.8 -30.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 49 6.5 -28.3
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 62 7.2 -27.6
PKW Invesco Buyback Achievers ETF 0.2 62 7 6.4 -28.4
EFA iShares MSCI EAFE ETF 0.2 35 34 6.9 -27.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 6.1 -28.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 20 6.5 -28.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 8.0 -26.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 33 7.8 -27.0
TPIF Timothy Plan International ETF 0.2 62 7 6.8 -28.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 24 11.0 -23.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.2 24 45 8.7 -26.2
VEA Vanguard FTSE Developed Markets ETF 0.2 5 64 7.3 -27.5
VDE Vanguard Energy ETF 0.2 10 59 6.4 -28.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 44 6.6 -28.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 58 8.4 -26.5
WLDR Affinity World Leaders Equity ETF 0.2 67 2 8.1 -26.7
BKF iShares MSCI BIC ETF 0.2 69 0 6.9 -27.9
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 52 7.6 -27.2
DFIV Dimensional International Value ETF 0.2 27 42 10.0 -24.9
SCHF Schwab International Equity ETF 0.2 6 63 7.5 -27.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 33 6.6 -28.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 28 7.4 -27.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 7.0 -27.9
VXUS Vanguard Total International Stock ETF 0.1 7 62 7.2 -27.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 49 7.0 -27.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 10.0 -24.8
DIHP Dimensional International High Profitability ETF 0.1 29 40 7.6 -27.2
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 7.2 -27.7
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 30 6.8 -28.1
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 6.9 -27.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 5.3 -29.5
BKIE BNY Mellon International Equity ETF 0.1 4 65 7.1 -27.7
XCEM Columbia EM Core ex-China ETF 0.1 16 53 7.7 -27.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 54 7.2 -27.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 61 7.3 -27.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 7.0 -27.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 29 7.9 -26.9
DWM WisdomTree International Equity Fund 0.1 48 21 8.0 -26.9
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 7.5 -27.4
GVLU Gotham 1000 Value ETF 0.1 50 19 7.4 -27.4
QINT American Century Quality Diversified International ETF 0.1 39 30 7.7 -27.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 10.2 -24.6
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 6.1 -28.8
DFAI Dimensional International Core Equity Market ETF 0.1 18 51 7.3 -27.5
IDMO Invesco S&P International Developed Momentum ETF 0.1 25 44 5.9 -28.9
VXF Vanguard Extended Market ETF 0.1 6 63 3.5 -31.3
SPEU SPDR Portfolio Europe ETF 0.1 7 62 7.1 -27.8
IEUR iShares Core MSCI Europe ETF 0.1 11 58 7.1 -27.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 39 7.3 -27.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 49 6.3 -28.5
VIS Vanguard Industrials ETF 0.1 10 59 4.2 -30.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 49 6.9 -27.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 5.6 -29.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 49 6.8 -28.0
VB Vanguard Small-Cap ETF 0.1 5 64 4.9 -29.9
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.1 18 51 6.8 -28.0
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 56 7.5 -27.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.2 -29.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 11.3 -23.5
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 6.9 -27.9
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 5.5 -29.3
VGK Vanguard FTSE Europe ETF 0.1 11 58 7.1 -27.8
FYC First Trust Small Cap Growth AlphaDEX Fund 0.1 71 -2 -0.5 -35.3
IUS Invesco RAFI Strategic US ETF 0.1 19 50 6.8 -28.0
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 5.3 -29.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.3 -32.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.9 -28.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 6.2 -28.6
STXE Strive Emerging Markets Ex-China ETF 0.1 32 37 7.0 -27.8
IEV iShares Europe ETF 0.1 67 2 6.6 -28.2
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 7.1 -27.7
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 61 6.9 -27.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 8.2 -26.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 60 5.4 -29.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -1 7.7 -27.1
IGE iShares North American Natural Resources ETF 0.1 41 28 6.1 -28.7
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 46 9.1 -25.7
VT Vanguard Total World Stock ETF 0.1 7 62 5.5 -29.3
FELV Fidelity Enhanced Large Cap Value ETF 0.1 18 51 6.4 -28.4
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 44 6.7 -28.1
FLEE Franklin FTSE Europe ETF 0.1 9 60 7.2 -27.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 57 7.2 -27.7
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 53 6.8 -28.0
ACWI iShares MSCI ACWI ETF 0.1 32 37 5.3 -29.5
VTWG Vanguard Russell 2000 Growth ETF 0.1 15 54 0.7 -34.2
IWO iShares Russell 2000 Growth ETF 0.1 24 45 0.6 -34.3
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 7.1 -27.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 6.5 -28.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 49 6.9 -27.9
AVSD Avantis Responsible International Equity ETF 0.1 23 46 7.1 -27.7
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 21 8.5 -26.3
IQLT iShares MSCI Intl Quality Factor ETF 0.0 30 39 6.2 -28.6
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 39 6.3 -28.5
FYX First Trust Small Cap Core AlphaDEX Fund 0.0 61 8 4.6 -30.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 5.0 -29.8
EFG iShares MSCI EAFE Growth ETF 0.0 36 33 4.5 -30.3
XCNY SPDR S&P Emerging Markets ex-China ETF 0.0 15 54 6.3 -28.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 31 7.8 -27.0
URTH iShares MSCI World ETF 0.0 24 45 5.2 -29.6
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 4.5 -30.3
DEW WisdomTree Global High Dividend Fund 0.0 58 11 8.5 -26.3
DFEV Dimensional Emerging Markets Value ETF 0.0 43 26 11.1 -23.8
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.9 -30.0
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 7.0 -27.9
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 6.8 -28.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 6.8 -28.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 6.4 -28.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 37 6.2 -28.6
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 7.3 -27.5
IWV iShares Russell 3000 ETF 0.0 20 49 4.7 -30.2
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 57 6.7 -28.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 49 5.2 -29.7
VIG Vanguard Dividend Appreciation ETF 0.0 6 63 5.6 -29.2
VTHR Vanguard Russell 3000 ETF 0.0 10 59 4.7 -30.1
PFM Invesco Dividend Achievers ETF 0.0 53 16 5.3 -29.5
GLOF iShares Global Equity Factor ETF 0.0 20 49 7.0 -27.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 4.5 -30.3
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 6.0 -28.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.8 -30.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 5.2 -29.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.1 -29.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 3.8 -31.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.0 64 5 1.8 -33.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 28 5.0 -29.8
TOK iShares MSCI Kokusai ETF 0.0 26 43 5.0 -29.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 6.8 -28.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.8 -30.0
INTF iShares International Equity Factor ETF 0.0 15 54 8.2 -26.7
DGRO iShares Core Dividend Growth ETF 0.0 8 61 6.3 -28.5
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.7 -30.1
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 4.9 -30.0
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 66 5.1 -29.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.0 25 44 7.2 -27.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.9 -29.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 7.4 -27.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 5.4 -29.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.5 -28.4
JIRE JPMorgan International Research Enhanced Equity ETF 0.0 24 45 7.1 -27.7
PSCE Invesco S&P SmallCap Energy ETF 0.0 29 40 0.0 -34.8

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 30.3 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 34.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.53
 
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.