SonicShares Global Shipping ETF
ALTAR
Score™		 25.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.9x P/Sales
ratio		 0.8x
P/BV
ratio		 0.7x Div.
yield		 7.7%


  • 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 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) $5,396
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
FRONTLINE LTD. 5.2 %
SITC INTERNATIONAL HOLDINGS 4.8 %
A.P. MOLLER - MAERSK A/S CLASS B 4.8 %
CHINA COSCO HOLDINGS-H 4.7 %
ORIENT OVERSEAS INTL LTD 4.5 %
HAFNIA LTD. 4.4 %
KAWASAKI KISEN KAISHA LTD 4.2 %
WILH. WILHELMSEN ASA 3.9 %
MITSUI OSK LINES LTD 3.8 %
HYUNDAI MERCHANT MARINE 3.7 %
Total 43.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 16.6 %
HONG KONG 11.1 %
BERMUDA 10.1 %
JAPAN 8.9 %
NORWAY 7.7 %
MONACO 7.5 %
CHINA 6.5 %
GREECE 5.5 %
SOUTH KOREA 5.2 %
BRITAIN 4.9 %

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.
21.6% 14.5% -- -- 19.1%

Market Correlations
versus... Beta R-squared
S&P500 0.48 7%
MSCI EAFE 0.47 9%
MSCI Emg. Mkts. 0.43 9%

Technical Indicators
Recent close $32.17
30d moving avg. $31.50
Annualized volatility 23.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.7%
Bid/Ask (% of price) 0.99%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 385 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™: 25.8%


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
(%)
PXJ Invesco Oil & Gas Services ETF 10.6 63 6 3.7 -22.1
DEEP Roundhill Acquirers Deep Value ETF 9.4 80 -11 18.4 -7.4
SUPL ProShares Supply Chain Logistics ETF 9.0 58 11 10.2 -15.7
SHPP Pacer Industrials and Logistics ETF 6.8 60 9 8.1 -17.8
ZIG Acquirers Fund 6.7 84 -15 20.3 -5.6
SDIV Global X Superdividend ETF 6.5 58 11 41.6 +15.8
SFLO VictoryShares Small Cap Free Cash Flow ETF 5.9 49 20 10.8 -15.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.0 47 22 9.1 -16.7
FCA First Trust China AlphaDEX Fund 4.7 80 -11 8.9 -16.9
FYLD Cambria Foreign Shareholder Yield ETF 4.6 59 10 11.1 -14.7
ISHP First Trust Nasdaq Retail ETF 4.3 60 9 5.6 -20.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.1 80 -11 9.5 -16.3
ABLD Abacus FCF Real Assets Leaders ETF 4.0 69 0 6.7 -19.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.8 65 4 10.2 -15.7
EFAS Global X MSCI SuperDividend EAFE ETF 3.7 57 12 8.5 -17.3
XTN State Street SPDR S&P Transportation ETF 3.5 35 34 4.3 -21.5
PSCE Invesco S&P SmallCap Energy ETF 3.5 29 40 9.6 -16.2
DIV Global X SuperDividend US ETF 3.3 45 24 10.5 -15.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.3 67 2 14.7 -11.2
AFSM First Trust Active Factor Small Cap ETF 3.2 75 -6 7.4 -18.5
ECML Euclidean Fundamental Value ETF 3.2 95 -26 10.5 -15.3
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 3.2 59 10 6.5 -19.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.0 80 -11 10.6 -15.2
EDEN iShares MSCI Denmark ETF 3.0 53 16 6.3 -19.6
AVUV Avantis U.S. Small Cap Value ETF 2.9 25 44 9.8 -16.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -11 8.4 -17.4
DSMC Distillate Small/Mid Cash Flow ETF 2.8 55 14 12.7 -13.1
RODE Hartford Multifactor Diversified International ETF 2.7 29 40 10.4 -15.5
FJP First Trust Japan AlphaDEX Fund 2.6 80 -11 8.2 -17.6
VIDI Vident International Equity Strategy ETF 2.6 61 8 10.3 -15.5
SMCF Themes US Small Cap Cash Flow Champions ETF 2.4 29 40 11.7 -14.2
GCOW Pacer Global Cash Cows Dividend ETF 2.4 60 9 10.2 -15.6
SVAL iShares US Small Cap Value Factor ETF 2.4 20 49 8.9 -16.9
RFEU First Trust Riverfront Dynamic Europe ETF 2.0 83 -14 9.9 -15.9
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.9 35 34 7.4 -18.4
IVAL Alpha Architect International Quantitative Value ETF 1.8 49 20 10.2 -15.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.8 70 -1 11.7 -14.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.8 60 9 10.7 -15.1
EMIF iShares Emerging Markets Infrastructure ETF 1.8 60 9 4.5 -21.3
NORW Global X MSCI Norway ETF 1.8 50 19 10.8 -15.0
ENOR iShares MSCI Norway ETF 1.8 53 16 10.7 -15.1
FYT First Trust Small Cap Value AlphaDEX Fund 1.8 73 -4 11.7 -14.1
AVDV Avantis International Small Cap Value ETF 1.8 36 33 8.7 -17.2
SURE AdvisorShares Insiders Advantage ETF 1.8 90 -21 9.7 -16.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.7 29 40 8.2 -17.6
IDOG ALPS International Sector Dividend Dogs ETF 1.7 50 19 11.4 -14.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.7 29 40 7.5 -18.3
FLHK Franklin FTSE Hong Kong ETF 1.7 9 60 4.3 -21.5
OAIM OneAscent International Equity ETF 1.6 95 -26 5.5 -20.4
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 7.8 -18.1
DLS WisdomTree International SmallCap Dividend Fund 1.5 58 11 7.9 -17.9
DFSV Dimensional US Small Cap Value ETF 1.5 31 38 10.3 -15.6
OCEN IQ Clean Oceans ETF 1.5 45 24 5.1 -20.7
VFVA Vanguard U.S. Value Factor ETF 1.4 13 56 10.6 -15.2
PSC Principal U.S. Small-Cap ETF 1.4 38 31 6.8 -19.0
ROAM Hartford Multifactor Emerging Markets ETF 1.4 44 25 11.0 -14.8
DFE WisdomTree Europe SmallCap Dividend Fund 1.3 58 11 8.0 -17.9
RNIN Bushido Capital US SMID Cap Equity ETF 1.3 70 -1 12.5 -13.3
EWH iShares MSCI Hong Kong ETF 1.3 50 19 5.0 -20.8
AKAF The Frontier Economic Fund 1.3 20 49 6.3 -19.5
DVYE iShares Emerging Markets Dividend ETF 1.3 49 20 17.8 -8.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.3 25 44 7.7 -18.1
CALF Pacer US Small Cap Cash Cows 100 ETF 1.3 59 10 10.5 -15.4
AVSC Avantis U.S Small Cap Equity ETF 1.3 25 44 5.2 -20.6
FEM First Trust Emerging Markets AlphaDEX Fund 1.3 80 -11 11.3 -14.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.3 45 24 10.1 -15.8
UIVM VictoryShares International Value Momentum ETF 1.2 35 34 8.2 -17.6
EIPX FT Energy Income Partners Strategy ETF 1.2 95 -26 8.1 -17.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.2 35 34 9.8 -16.1
PSCI Invesco S&P SmallCap Industrials ETF 1.2 29 40 5.6 -20.3
IWN iShares Russell 2000 Value ETF 1.2 24 45 7.6 -18.3
FDM First Trust Dow Jones Select MicroCap Index Fund 1.2 60 9 8.3 -17.6
VTWV Vanguard Russell 2000 Value ETF 1.2 10 59 7.7 -18.2
EES WisdomTree U.S. SmallCap Fund 1.1 38 31 8.7 -17.2
FIVA Fidelity International Value Factor ETF 1.1 18 51 9.1 -16.7
DFAT Dimensional U.S. Targeted Value ETF 1.1 28 41 9.9 -15.9
SIXS ETC 6 Meridian Small Cap Equity ETF 1.0 89 -20 9.6 -16.3
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -14 8.9 -17.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.0 65 4 4.6 -21.2
FYX First Trust Small Cap Core AlphaDEX Fund 1.0 61 8 5.7 -20.1
SYLD Cambria Shareholder Yield ETF 0.9 59 10 12.5 -13.3
QLV FlexShares US Quality Low Volatility Index Fund 0.9 22 47 5.7 -20.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.9 35 34 9.3 -16.5
ROSC Hartford Multifactor Small Cap ETF 0.9 34 35 9.0 -16.8
COPY Tweedy, Browne Insider + Value ETF 0.9 80 -11 11.6 -14.2
DIM WisdomTree International MidCap Dividend Fund 0.9 58 11 7.0 -18.8
FEP First Trust Europe AlphaDEX Fund 0.8 80 -11 8.0 -17.8
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 3 11.6 -14.2
FENI Fidelity Enhanced International ETF 0.8 28 41 6.1 -19.7
SMDV ProShares Russell 2000 Dividend Growers ETF 0.8 40 29 7.8 -18.0
FTXR First Trust Nasdaq Transportation ETF 0.8 60 9 8.5 -17.3
GWX SPDR S&P International Small Cap ETF 0.8 40 29 6.6 -19.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.8 52 17 6.3 -19.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.8 37 32 7.8 -18.1
GREK Global X MSCI Greece ETF 0.8 57 12 10.7 -15.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -10 7.8 -18.0
DTH WisdomTree International High Dividend Fund 0.8 58 11 7.8 -18.0
ICPY Tweedy, Browne International Insider Value ETF 0.8 80 -11 0.0 -25.8
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 22 8.4 -17.5
FDLS Inspire Fidelis Multi Factor ETF 0.7 76 -7 4.6 -21.3
VFMF Vanguard U.S. Multifactor ETF 0.7 18 51 7.7 -18.1
CLNR IQ Cleaner Transport ETF 0.7 45 24 5.0 -20.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 19 10.2 -15.6
ISRA VanEck Israel ETF 0.7 59 10 6.8 -19.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 8.1 -17.8
ISMD Inspire Small/Mid Cap ETF 0.7 54 15 5.5 -20.3
VWID Virtus WMC International Dividend ETF 0.7 49 20 7.8 -18.0
WCEO Hypatia Women CEO ETF 0.7 85 -16 3.1 -22.8
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 39 9.5 -16.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 49 5.5 -20.3
FSMD Fidelity Small-Mid Multifactor ETF 0.7 15 54 6.9 -19.0
FLKR Franklin FTSE South Korea ETF 0.7 9 60 7.3 -18.6
IYT iShares US Transportation ETF 0.7 40 29 5.3 -20.6
RSSL Global X Russell 2000 ETF 0.7 8 61 4.1 -21.8
EWJV iShares MSCI Japan Value ETF 0.6 15 54 8.0 -17.9
VUSE Vident U.S. Equity Strategy ETF 0.6 50 19 4.3 -21.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.6 37 32 6.1 -19.7
EIS iShares MSCI Israel ETF 0.6 58 11 7.6 -18.3
TPSC Timothy Plan US Small Cap Core ETF 0.6 52 17 7.0 -18.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 33 10.7 -15.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 30 4.2 -21.6
SQLV Royce Quant Small-Cap Quality Value ETF 0.6 60 9 9.4 -16.4
IWM iShares Russell 2000 ETF 0.6 19 50 4.1 -21.7
IWC iShares Micro-Cap ETF 0.6 60 9 -1.6 -27.4
VTWO Vanguard Russell 2000 ETF 0.6 7 62 4.2 -21.6
DISV Dimensional International Small Cap Value ETF 0.6 42 27 8.6 -17.2
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 57 7.5 -18.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.5 9 60 8.7 -17.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -26 10.8 -15.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.5 32 37 13.5 -12.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 34 7.6 -18.2
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.5 59 10 9.9 -15.9
JSML Janus Henderson Small Cap Growth Alpha ETF 0.5 30 39 8.2 -17.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 51 5.5 -20.4
FESM Fidelity Enhanced Small Cap ETF 0.5 28 41 6.7 -19.1
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.5 20 49 6.1 -19.8
IJR iShares Core S&P Small Cap ETF 0.5 6 63 7.6 -18.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 24 8.3 -17.5
DFAS Dimensional U.S. Small Cap ETF 0.5 26 43 6.6 -19.2
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.5 15 54 5.5 -20.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 20 6.8 -19.0
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 51 9.7 -16.1
IPKW Invesco International BuyBack Achievers ETF 0.5 55 14 8.7 -17.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 59 5.6 -20.3
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 7.7 -18.2
MCH Matthews China Active ETF 0.5 79 -10 14.0 -11.9
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 66 7.6 -18.2
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 50 6.1 -19.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 62 7.5 -18.3
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.4 12 57 8.1 -17.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 34 9.9 -15.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 22 7.8 -18.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 3.9 -21.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 30 7.5 -18.3
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.4 15 54 9.8 -16.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.4 10 59 9.7 -16.1
EIRL iShares MSCI Ireland ETF 0.4 50 19 7.7 -18.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 7.6 -18.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 44 7.0 -18.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.4 47 22 5.6 -20.2
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.4 55 14 10.1 -15.7
JPXN iShares JPX-Nikkei 400 ETF 0.4 48 21 6.2 -19.6
GXC SPDR S & P China ETF 0.4 59 10 15.7 -10.1
AFMC First Trust Active Factor Mid Cap ETF 0.4 65 4 8.2 -17.6
FXI iShares China Large-Cap ETF 0.4 74 -5 16.7 -9.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 20 14.7 -11.1
INEQ Columbia International Equity Income ETF 0.4 45 24 7.5 -18.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 15.3 -10.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.4 32 37 5.9 -19.9
SCHC Schwab International Small-Cap Equity ETF 0.4 11 58 7.3 -18.5
FLJP Franklin FTSE Japan ETF 0.4 9 60 5.8 -20.0
JHMD John Hancock Multifactor Developed International ETF 0.4 39 30 7.1 -18.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.4 67 2 9.9 -15.9
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 -11 6.2 -19.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 30 6.3 -19.6
FLJH Franklin FTSE Japan Hedged ETF 0.4 9 60 5.7 -20.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 44 8.9 -16.9
QINT American Century Quality Diversified International ETF 0.3 39 30 6.7 -19.1
FCPI Fidelity Stocks for Inflation ETF 0.3 15 54 7.8 -18.1
AVDS Avantis International Small Cap Equity ETF 0.3 30 39 6.8 -19.0
WBIY WBI Power Factor High Dividend ETF 0.3 100 -31 13.6 -12.2
DWM WisdomTree International Equity Fund 0.3 48 21 7.0 -18.8
EWJ iShares MSCI Japan ETF 0.3 50 19 5.6 -20.2
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 27 7.2 -18.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 9.8 -16.0
EWY iShares MSCI South Korea ETF 0.3 58 11 6.5 -19.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 34 16.1 -9.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 54 5.9 -19.9
STXK Strive Small-Cap ETF 0.3 18 51 6.0 -19.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 29 6.8 -19.1
VFMV Vanguard U.S. Minimum Volatility ETF 0.3 13 56 5.8 -20.0
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 8.1 -17.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.3 40 29 7.0 -18.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 30 5.7 -20.1
DXIV Dimensional International Vector Equity ETF 0.3 34 35 7.4 -18.5
GLOF iShares Global Equity Factor ETF 0.3 20 49 6.6 -19.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 10.4 -15.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 20 9.3 -16.5
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 6.1 -19.8
VPL Vanguard FTSE Pacific ETF 0.3 7 62 6.3 -19.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 44 6.8 -19.0
EFV iShares MSCI EAFE Value ETF 0.3 34 35 8.5 -17.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 4 7.8 -18.0
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 49 6.5 -19.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 30 5.6 -20.2
DFIS Dimensional International Small Cap ETF 0.3 39 30 6.9 -18.9
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 6.4 -19.4
AVDE Avantis International Equity ETF 0.3 23 46 7.0 -18.9
CIL VictoryShares International Volatility Wtd ETF 0.3 45 24 6.3 -19.5
DXUV Dimensional US Vector Equity ETF 0.3 28 41 6.1 -19.7
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.3 27 42 7.2 -18.7
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.3 40 29 4.7 -21.1
IDV iShares International Select Dividend ETF 0.3 51 18 9.9 -16.0
DFIV Dimensional International Value ETF 0.2 27 42 8.8 -17.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 61 7.1 -18.7
MCHI iShares MSCI China ETF 0.2 59 10 16.7 -9.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 6.2 -19.6
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 62 10.3 -15.5
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 22 5.2 -20.6
ETHO Etho Climate Leadership U.S. ETF 0.2 47 22 5.5 -20.3
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 8.4 -17.5
FLCH Franklin FTSE China ETF 0.2 19 50 15.4 -10.5
EBI Longview Advantage ETF 0.2 35 34 6.6 -19.2
EXI iShares Global Industrials ETF 0.2 42 27 4.4 -21.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.2 30 39 6.9 -19.0
IQSI IQ Candriam International Equity ETF 0.2 15 54 6.2 -19.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 34 6.2 -19.6
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 9.0 -16.8
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 57 7.4 -18.4
OPTZ Optimize Strategy Index ETF 0.2 50 19 4.7 -21.2
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 44 7.0 -18.8
VDE Vanguard Energy ETF 0.2 9 60 9.0 -16.9
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 7.1 -18.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 11 7.0 -18.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 49 5.9 -19.9
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 63 9.2 -16.7
QDF FlexShares Quality Dividend Index Fund 0.2 37 32 6.2 -19.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 6.6 -19.2
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 9.0 -16.8
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 7.0 -18.8
TPIF Timothy Plan International ETF 0.2 62 7 6.0 -19.9
XCEM Columbia EM Core ex-China ETF 0.2 16 53 7.6 -18.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 7.5 -18.3
DIHP Dimensional International High Profitability ETF 0.2 29 40 6.6 -19.2
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -56 6.7 -19.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 65 5.8 -20.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 9.3 -16.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 8.4 -17.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 33 6.2 -19.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 36 7.8 -18.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 33 9.0 -16.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 54 9.5 -16.3
FTHF First Trust Emerging Markets Human Flourishing ETF 0.2 75 -6 9.1 -16.7
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 6.7 -19.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 7.4 -18.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 6.5 -19.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 3 8.8 -17.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.2 36 33 7.3 -18.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 40 7.5 -18.3
PKW Invesco Buyback Achievers ETF 0.2 62 7 8.1 -17.7
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 6.6 -19.2
AVIV Avantis International Large Cap Value ETF 0.2 25 44 8.1 -17.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 28 7.1 -18.8
VEA Vanguard FTSE Developed Markets ETF 0.1 3 66 6.8 -19.0
SCHA Schwab U.S. Small-Cap ETF 0.1 4 65 6.2 -19.6
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 49 6.2 -19.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 9.2 -16.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 7.4 -18.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 39 6.9 -18.9
EFA iShares MSCI EAFE ETF 0.1 35 34 6.4 -19.5
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 62 7.5 -18.4
DFAI Dimensional International Core Equity Market ETF 0.1 18 51 6.7 -19.1
EZM WisdomTree U.S. MidCap Fund 0.1 38 31 8.6 -17.2
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 56 6.1 -19.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 39 9.0 -16.8
SCHF Schwab International Equity ETF 0.1 6 63 6.8 -19.0
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 52 13.8 -12.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 44 8.8 -17.1
BKIE BNY Mellon International Equity ETF 0.1 4 65 6.6 -19.3
ISCB iShares Morningstar Small-Cap ETF 0.1 4 65 6.1 -19.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 9.5 -16.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 8.5 -17.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 20 9.0 -16.8
VXUS Vanguard Total International Stock ETF 0.1 5 64 7.6 -18.3
BKF iShares MSCI BIC ETF 0.1 69 0 12.9 -13.0
INTF iShares International Equity Factor ETF 0.1 15 54 7.2 -18.6
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 56 3.0 -22.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 7.1 -18.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 7.2 -18.6
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 10.7 -15.1
VBR Vanguard Small Cap Value ETF 0.1 7 62 9.1 -16.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 39 9.8 -16.1
SPEU SPDR Portfolio Europe ETF 0.1 7 62 7.1 -18.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 7.6 -18.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 7.3 -18.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.9 -20.0
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 7.4 -18.4
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 9.4 -16.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 5.9 -19.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 9.2 -16.7
AVUS Avantis U.S. Equity ETF 0.1 15 54 5.7 -20.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 5.5 -20.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 34 7.0 -18.9
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 9.7 -16.1
VXF Vanguard Extended Market ETF 0.1 5 64 4.7 -21.1
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.8 -20.0
VGK Vanguard FTSE Europe ETF 0.1 6 63 7.2 -18.7
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 7.5 -18.4
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 31 9.1 -16.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 6 12.7 -13.1
VSGX Vanguard ESG International Stock ETF 0.1 10 59 7.4 -18.4
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 6.1 -19.7
IEUR iShares Core MSCI Europe ETF 0.1 11 58 7.0 -18.8
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 11.8 -14.0
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 5.8 -20.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 6.4 -19.4
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 7.2 -18.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -1 3.9 -21.9
IGE iShares North American Natural Resources ETF 0.1 41 28 7.3 -18.5
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 7.0 -18.9
FLEE Franklin FTSE Europe ETF 0.1 9 60 6.9 -18.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 6.0 -19.9
IEV iShares Europe ETF 0.1 67 2 6.5 -19.4
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 5.4 -20.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 8.5 -17.3
VIS Vanguard Industrials ETF 0.1 9 60 4.6 -21.3
VB Vanguard Small-Cap ETF 0.1 5 64 6.1 -19.7
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 10.4 -15.4
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 10.1 -15.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.9 -22.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.5 -20.4
VT Vanguard Total World Stock ETF 0.1 6 63 5.7 -20.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 37 8.4 -17.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 11 6.4 -19.5
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 53 7.9 -17.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 44 6.9 -18.9
ACWI iShares MSCI ACWI ETF 0.0 32 37 5.3 -20.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.0 25 44 6.4 -19.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 5.0 -20.8
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 6.6 -19.2
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 57 7.3 -18.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.3 -20.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 8.0 -17.8
IUS Invesco RAFI Strategic US ETF 0.0 19 50 6.7 -19.1
IQDG WisdomTree International Quality Dividend Growth Fund 0.0 42 27 6.5 -19.3
DXJ WisdomTree Japan Hedged Equity Fund 0.0 48 21 6.6 -19.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -1 7.4 -18.4
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 46 7.9 -17.9
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 6.9 -18.9
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 39 5.4 -20.4
URTH iShares MSCI World ETF 0.0 24 45 4.9 -20.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 5.6 -20.3
AVSD Avantis Responsible International Equity ETF 0.0 23 46 5.0 -20.8
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 8.5 -17.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 5.1 -20.8
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 4.5 -21.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 7.3 -18.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 30 6.7 -19.2
IWV iShares Russell 3000 ETF 0.0 20 49 4.7 -21.2
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.8 -21.1
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.8 -21.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 35 5.6 -20.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 7.2 -18.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 7.1 -18.7
DEW WisdomTree Global High Dividend Fund 0.0 58 11 8.2 -17.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 6.4 -19.4
DIVB iShares Core Dividend ETF 0.0 5 64 8.2 -17.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 3.7 -22.1
TOK iShares MSCI Kokusai ETF 0.0 26 43 4.9 -20.9
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 5.5 -20.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 8.1 -17.7
PFM Invesco Dividend Achievers ETF 0.0 53 16 5.3 -20.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.8 -21.0
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 66 5.0 -20.8
AVES Avantis Emerging Markets Value ETF 0.0 36 33 10.7 -15.2
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 6.3 -19.6
DGRO iShares Core Dividend Growth ETF 0.0 8 61 6.5 -19.3
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.8 -21.0
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 5.3 -20.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 4.9 -20.9
GVLU Gotham 1000 Value ETF 0.0 50 19 8.8 -17.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.7 -21.1
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 4.0 -21.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.1 -19.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.8 -21.0

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 17.2 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 25.8 %
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.