SonicShares Global Shipping ETF
ALTAR
Score™		 21.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.2x P/Sales
ratio		 1.3x
P/BV
ratio		 1.0x Div.
yield		 3.9%


  • 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) $83
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 45
Wgt avg mkt cap (mns) $5,292
Large cap (>$10bn) 24.2%
Mid cap ($2-10bn) 37.6%
Small cap (<$2bn) 37.4%
Developed mkts 82.3%
Emerging mkts 17.8%

TOP TEN HOLDINGS
FRONTLINE LTD. 5.8 %
MITSUI OSK LINES LTD 5.5 %
SITC INTERNATIONAL HOLDINGS 5.1 %
KAWASAKI KISEN KAISHA LTD 4.8 %
MATSON INC 4.7 %
A.P. MOLLER - MAERSK A/S CLASS B 4.7 %
HYUNDAI MERCHANT MARINE 4.2 %
ORIENT OVERSEAS INTL LTD 4.2 %
SCORPIO TANKERS INC 4.2 %
WILH. WILHELMSEN ASA 4.1 %
Total 47.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 17.2 %
JAPAN 11.2 %
HONG KONG 10.7 %
BERMUDA 9.4 %
NORWAY 8.3 %
CHINA 5.8 %
MONACO 5.7 %
SOUTH KOREA 5.2 %
GREECE 5.0 %
DENMARK 4.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
28.5% 65.1% -- -- 24.1%

Market Correlations
versus... Beta R-squared
S&P500 0.82 40%
MSCI EAFE 0.83 35%
MSCI Emg. Mkts. 0.70 33%

Technical Indicators
Recent close $41.31
30d moving avg. $40.67
Annualized volatility 23.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 35
Turnover 1.8%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 378 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™: 21.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BOAT
Ticker Fund
Name		 Overlap1
vs BOAT
(%)		 Expense
ratio
(bp)		 Savings
vs BOAT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BOAT
(%)
SUPL ProShares Supply Chain Logistics ETF 7.9 58 11 7.8 -13.2
SDIV Global X Superdividend ETF 7.4 58 11 12.9 -8.2
SHPP Pacer Industrials and Logistics ETF 7.0 60 9 7.0 -14.0
DEEP Roundhill Acquirers Deep Value ETF 5.9 80 -11 16.1 -4.9
IMOM Alpha Architect International Quantitative Momentum ETF 5.8 49 20 4.1 -16.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.0 47 22 7.9 -13.1
DVYE iShares Emerging Markets Dividend ETF 4.6 49 20 16.7 -4.3
ISHP First Trust Nasdaq Retail ETF 4.5 60 9 5.3 -15.8
FYLD Cambria Foreign Shareholder Yield ETF 4.4 59 10 10.0 -11.0
EFAS Global X MSCI SuperDividend EAFE ETF 4.2 57 12 7.2 -13.8
AFSM First Trust Active Factor Small Cap ETF 4.1 75 -6 6.1 -14.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.8 80 -11 7.5 -13.6
FJP First Trust Japan AlphaDEX Fund 3.8 80 -11 7.3 -13.7
RNIN Bushido Capital US SMID Cap Equity ETF 3.7 70 -1 11.1 -9.9
SIXS ETC 6 Meridian Small Cap Equity ETF 3.7 89 -20 8.0 -13.0
EDEN iShares MSCI Denmark ETF 3.7 53 16 6.3 -14.7
EMIF iShares Emerging Markets Infrastructure ETF 3.7 60 9 2.5 -18.5
FCA First Trust China AlphaDEX Fund 3.4 80 -11 6.8 -14.2
PSCE Invesco S&P SmallCap Energy ETF 3.4 29 40 6.7 -14.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.3 80 -11 8.8 -12.2
XTN State Street SPDR S&P Transportation ETF 3.3 35 34 3.5 -17.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.2 67 2 11.8 -9.2
DSMC Distillate Small/Mid Cash Flow ETF 3.1 55 14 11.2 -9.8
DIV Global X SuperDividend US ETF 3.1 45 24 9.6 -11.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.9 80 -11 6.7 -14.3
DFE WisdomTree Europe SmallCap Dividend Fund 2.9 58 11 7.3 -13.7
SVAL iShares US Small Cap Value Factor ETF 2.8 20 49 7.6 -13.5
GCOW Pacer Global Cash Cows Dividend ETF 2.8 60 9 9.0 -12.1
VIDI Vident International Equity Strategy ETF 2.7 61 8 8.3 -12.7
AVUV Avantis U.S. Small Cap Value ETF 2.6 25 44 8.1 -12.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.5 65 4 7.7 -13.3
ZIG Acquirers Fund 2.4 84 -15 19.9 -1.2
ECML Euclidean Fundamental Value ETF 2.2 95 -26 9.0 -12.1
UIVM VictoryShares International Value Momentum ETF 2.2 35 34 8.1 -12.9
SURE AdvisorShares Insiders Advantage ETF 2.0 90 -21 8.2 -12.8
SMCF Themes US Small Cap Cash Flow Champions ETF 2.0 29 40 10.1 -10.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.9 70 -1 9.0 -12.1
NORW Global X MSCI Norway ETF 1.9 50 19 7.2 -13.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.9 60 9 9.7 -11.4
ENOR iShares MSCI Norway ETF 1.9 53 16 7.2 -13.9
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.9 35 34 6.3 -14.8
IDOG ALPS International Sector Dividend Dogs ETF 1.8 50 19 9.0 -12.0
OCEN IQ Clean Oceans ETF 1.8 45 24 4.5 -16.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.8 58 11 7.2 -13.8
DFSV Dimensional US Small Cap Value ETF 1.8 31 38 9.0 -12.0
EWH iShares MSCI Hong Kong ETF 1.8 50 19 4.9 -16.1
DLS WisdomTree International SmallCap Dividend Fund 1.7 58 11 7.3 -13.8
WBIY WBI Power Factor High Dividend ETF 1.7 100 -31 12.5 -8.5
EIPX FT Energy Income Partners Strategy ETF 1.7 95 -26 5.8 -15.3
AVDV Avantis International Small Cap Value ETF 1.7 36 33 7.6 -13.4
ABLG Abacus FCF International Leaders ETF 1.7 59 10 6.2 -14.9
MLPI NEOS MLP & Engy Infras Hi Inc ETF 1.6 68 1 4.1 -17.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.6 47 22 7.4 -13.6
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 22 7.6 -13.4
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 6.9 -14.1
AKAF The Frontier Economic Fund 1.5 20 49 5.1 -15.9
OAIM OneAscent International Equity ETF 1.5 95 -26 4.6 -16.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.4 29 40 6.6 -14.5
EWK iShares MSCI Belgium ETF 1.4 50 19 3.9 -17.1
VTWV Vanguard Russell 2000 Value ETF 1.4 10 59 5.1 -15.9
IWN iShares Russell 2000 Value ETF 1.4 24 45 5.0 -16.1
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.4 49 20 8.5 -12.5
AVSC Avantis U.S Small Cap Equity ETF 1.3 25 44 4.8 -16.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.3 70 -1 3.9 -17.2
DFAT Dimensional U.S. Targeted Value ETF 1.2 28 41 8.8 -12.2
FTXR First Trust Nasdaq Transportation ETF 1.2 60 9 7.2 -13.8
PSCI Invesco S&P SmallCap Industrials ETF 1.2 29 40 4.6 -16.4
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -11 8.6 -12.5
EES WisdomTree U.S. SmallCap Fund 1.1 38 31 8.1 -12.9
COPY Tweedy, Browne Insider + Value ETF 1.1 80 -11 15.2 -5.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.1 29 40 6.9 -14.2
FYT First Trust Small Cap Value AlphaDEX Fund 1.1 73 -4 10.1 -11.0
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -14 7.6 -13.5
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.1 35 34 6.1 -14.9
PSC Principal U.S. Small-Cap ETF 1.1 38 31 3.9 -17.2
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.1 59 10 4.7 -16.3
FDM First Trust Dow Jones Select MicroCap Index Fund 1.1 60 9 6.9 -14.1
ICPY Tweedy, Browne International Insider Value ETF 1.0 80 -11 21.9 +0.8
SMDV ProShares Russell 2000 Dividend Growers ETF 1.0 40 29 6.9 -14.2
SYLD Cambria Shareholder Yield ETF 1.0 59 10 10.4 -10.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.0 56 13 9.7 -11.3
CGV Conductor Global Equity Value ETF 1.0 130 -61 7.4 -13.6
GWX SPDR S&P International Small Cap ETF 1.0 40 29 5.8 -15.2
JPIN J.P. Morgan Diversified Return International Equity ETF 1.0 37 32 7.0 -14.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 44 8.0 -13.0
IYT iShares US Transportation ETF 0.9 40 29 4.7 -16.3
FEP First Trust Europe AlphaDEX Fund 0.9 80 -11 6.7 -14.4
CLNR IQ Cleaner Transport ETF 0.9 45 24 3.9 -17.2
VAMO Cambria Value & Momentum ETF 0.9 61 8 5.2 -15.8
ISRA VanEck Israel ETF 0.9 59 10 5.8 -15.2
GREK Global X MSCI Greece ETF 0.9 57 12 9.3 -11.7
VWID Virtus WMC International Dividend ETF 0.9 49 20 7.2 -13.8
WCEO Hypatia Women CEO ETF 0.9 85 -16 4.9 -16.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.9 10 59 9.3 -11.8
ROSC Hartford Multifactor Small Cap ETF 0.8 34 35 7.4 -13.7
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 3 9.2 -11.8
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.8 15 54 9.3 -11.7
FIVA Fidelity International Value Factor ETF 0.8 18 51 7.4 -13.6
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 25 7.9 -13.1
IJS iShares S&P Small-Cap 600 Value ETF 0.8 18 51 9.2 -11.8
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -10 6.9 -14.2
CALF Pacer US Small Cap Cash Cows 100 ETF 0.8 59 10 9.6 -11.5
IVLU iShares MSCI Intl Value Factor ETF 0.8 30 39 8.0 -13.0
RSSL Global X Russell 2000 ETF 0.8 8 61 2.8 -18.2
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.8 59 10 8.7 -12.3
ABLS Abacus FCF Small Cap Leaders ETF 0.8 59 10 4.9 -16.2
SIXL ETC 6 Meridian Low Beta Equity ETF 0.8 80 -11 5.8 -15.2
EIS iShares MSCI Israel ETF 0.8 58 11 6.3 -14.8
FNK First Trust Mid Cap Value AlphaDEX Fund 0.8 70 -1 9.7 -11.3
DISV Dimensional International Small Cap Value ETF 0.8 42 27 8.1 -13.0
EWJV iShares MSCI Japan Value ETF 0.7 15 54 7.0 -14.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 7.7 -13.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.7 52 17 5.4 -15.6
VFVA Vanguard U.S. Value Factor ETF 0.7 13 56 9.7 -11.3
DTH WisdomTree International High Dividend Fund 0.7 58 11 7.1 -13.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 19 8.5 -12.6
IDV iShares International Select Dividend ETF 0.7 51 18 8.8 -12.2
XJR iShares ESG Screened S&P Small-Cap ETF 0.7 12 57 6.4 -14.6
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.7 12 57 6.9 -14.2
QINT American Century Quality Diversified International ETF 0.7 39 30 6.5 -14.5
IWM iShares Russell 2000 ETF 0.7 19 50 2.8 -18.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 30 6.1 -15.0
AFMC First Trust Active Factor Mid Cap ETF 0.7 65 4 7.2 -13.8
VFMF Vanguard U.S. Multifactor ETF 0.6 18 51 6.8 -14.2
ISMD Inspire Small/Mid Cap ETF 0.6 54 15 5.4 -15.6
VIOO Vanguard S&P Small-Cap 600 ETF 0.6 7 62 6.4 -14.6
AVDS Avantis International Small Cap Equity ETF 0.6 30 39 5.9 -15.1
FYX First Trust Small Cap Core AlphaDEX Fund 0.6 61 8 5.6 -15.5
VTWO Vanguard Russell 2000 ETF 0.6 7 62 2.9 -18.1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.6 3 66 6.6 -14.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 33 8.6 -12.4
IJR iShares Core S&P Small Cap ETF 0.6 6 63 6.5 -14.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -26 10.4 -10.7
IWC iShares Micro-Cap ETF 0.6 60 9 -1.4 -22.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 30 2.4 -18.6
DIM WisdomTree International MidCap Dividend Fund 0.6 58 11 6.1 -14.9
STXK Strive Small-Cap ETF 0.6 18 51 5.3 -15.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 24 9.3 -11.7
DFAS Dimensional U.S. Small Cap ETF 0.5 26 43 5.7 -15.3
GXC SPDR S & P China ETF 0.5 59 10 17.5 -3.6
BFOR ALPS Barron's 400 ETF 0.5 65 4 5.0 -16.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 49 5.5 -15.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 49 4.2 -16.8
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 34 6.5 -14.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.5 20 49 5.6 -15.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 24 6.9 -14.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 20 6.0 -15.1
IEUS iShares MSCI Europe Small-Cap ETF 0.5 42 27 6.7 -14.4
IPKW Invesco International BuyBack Achievers ETF 0.5 55 14 8.0 -13.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 6.4 -14.6
VFMV Vanguard U.S. Minimum Volatility ETF 0.5 13 56 5.8 -15.3
JPXN iShares JPX-Nikkei 400 ETF 0.5 48 21 5.5 -15.5
FSMD Fidelity Small-Mid Multifactor ETF 0.5 15 54 6.6 -14.4
INEQ Columbia International Equity Income ETF 0.5 45 24 7.5 -13.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.5 67 2 8.7 -12.3
EIRL iShares MSCI Ireland ETF 0.5 50 19 7.4 -13.7
EBI Longview Advantage ETF 0.5 35 34 6.1 -14.9
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 17 6.6 -14.4
SCHC Schwab International Small-Cap Equity ETF 0.5 11 58 6.5 -14.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 44 6.2 -14.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 34 7.6 -13.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 44 6.1 -14.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 30 6.7 -14.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 6.6 -14.5
FXI iShares China Large-Cap ETF 0.4 74 -5 19.8 -1.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 7.5 -13.5
EWJ iShares MSCI Japan ETF 0.4 50 19 5.0 -16.0
GLOF iShares Global Equity Factor ETF 0.4 20 49 5.8 -15.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 60 7.5 -13.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 30 6.9 -14.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 29 6.1 -14.9
DXIV Dimensional International Vector Equity ETF 0.4 34 35 6.5 -14.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 13.6 -7.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 54 5.1 -15.9
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 54 3.8 -17.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 3.9 -17.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 59 3.8 -17.3
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 51 3.8 -17.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 9 6.3 -14.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 20 13.4 -7.7
ETHO Etho Climate Leadership U.S. ETF 0.4 47 22 4.5 -16.6
DFIS Dimensional International Small Cap ETF 0.4 39 30 6.1 -15.0
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 31 8.2 -12.8
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 5.5 -15.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 4 6.5 -14.5
SMOX Horizon Small/Mid Cap Core Equity ETF 0.3 75 -6 5.4 -15.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 22 4.8 -16.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 61 6.2 -14.8
EWY iShares MSCI South Korea ETF 0.3 58 11 4.1 -17.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 7.8 -13.3
BBJP JPMorgan BetaBuilders Japan ETF 0.3 19 50 5.4 -15.6
EFV iShares MSCI EAFE Value ETF 0.3 34 35 7.4 -13.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 37 13.2 -7.9
VPL Vanguard FTSE Pacific ETF 0.3 7 62 5.5 -15.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 34 11.4 -9.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 65 5.4 -15.6
FLKR Franklin FTSE South Korea ETF 0.3 9 60 5.2 -15.9
FESM Fidelity Enhanced Small Cap ETF 0.3 28 41 2.5 -18.6
AVES Avantis Emerging Markets Value ETF 0.3 36 33 8.9 -12.1
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 62 9.5 -11.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 30 3.7 -17.4
DXUV Dimensional US Vector Equity ETF 0.3 28 41 5.4 -15.6
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 63 8.0 -13.1
AVDE Avantis International Equity ETF 0.3 23 46 6.1 -14.9
FENI Fidelity Enhanced International ETF 0.3 28 41 5.8 -15.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.3 80 -11 5.3 -15.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 39 6.0 -15.1
MCHI iShares MSCI China ETF 0.3 59 10 18.9 -2.2
DFIV Dimensional International Value ETF 0.3 27 42 7.7 -13.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 44 6.3 -14.7
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 22 4.8 -16.3
INTF iShares International Equity Factor ETF 0.3 15 54 6.4 -14.7
FLJH Franklin FTSE Japan Hedged ETF 0.3 9 60 5.3 -15.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 5.6 -15.4
FLJP Franklin FTSE Japan ETF 0.3 9 60 5.5 -15.5
EXI iShares Global Industrials ETF 0.3 42 27 3.5 -17.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 9.1 -11.9
VDE Vanguard Energy ETF 0.3 9 60 6.7 -14.3
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 5.5 -15.5
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 7.3 -13.7
DWMF WisdomTree International Multifactor Fund 0.3 38 31 6.6 -14.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 9.0 -12.1
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 6.2 -14.9
PIEL Pacer International Export Leaders ETF 0.2 60 9 4.3 -16.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 5.9 -15.1
DIHP Dimensional International High Profitability ETF 0.2 29 40 5.7 -15.4
SFGV Sequoia Global Value ETF 0.2 23 46 7.2 -13.8
CIL VictoryShares International Volatility Wtd ETF 0.2 45 24 5.8 -15.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 20 7.9 -13.2
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 7.9 -13.1
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 6.8 -14.3
IQSI IQ Candriam International Equity ETF 0.2 15 54 5.5 -15.5
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 57 3.5 -17.5
TPIF Timothy Plan International ETF 0.2 62 7 5.4 -15.6
FLCH Franklin FTSE China ETF 0.2 19 50 16.7 -4.3
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 6.0 -15.0
SCHA Schwab U.S. Small-Cap ETF 0.2 4 65 4.6 -16.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 6.4 -14.7
AVIV Avantis International Large Cap Value ETF 0.2 25 44 6.8 -14.2
WSML iShares MSCI World Small-Cap ETF 0.2 15 54 5.5 -15.6
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.2 27 42 6.5 -14.6
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 6.1 -14.9
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 49 5.6 -15.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 49 5.7 -15.3
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 44 6.1 -14.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 5.6 -15.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 7.4 -13.6
VEA Vanguard FTSE Developed Markets ETF 0.2 3 66 6.0 -15.0
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 6.0 -15.1
ISCB iShares Morningstar Small-Cap ETF 0.2 4 65 5.5 -15.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 7.6 -13.5
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 36 7.0 -14.0
VBR Vanguard Small Cap Value ETF 0.2 7 62 8.0 -13.0
EFA iShares MSCI EAFE ETF 0.2 35 34 5.7 -15.4
DFAI Dimensional International Core Equity Market ETF 0.2 18 51 6.0 -15.1
DEW WisdomTree Global High Dividend Fund 0.2 58 11 7.3 -13.8
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 62 6.6 -14.4
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 6.6 -14.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 40 7.4 -13.7
PKW Invesco Buyback Achievers ETF 0.2 62 7 7.3 -13.8
VXUS Vanguard Total International Stock ETF 0.2 5 64 6.7 -14.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 5.8 -15.2
JHMD John Hancock Multifactor Developed International ETF 0.2 39 30 6.1 -15.0
BKF iShares MSCI BIC ETF 0.1 69 0 13.6 -7.5
SCHF Schwab International Equity ETF 0.1 6 63 6.0 -15.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 39 7.9 -13.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 33 5.4 -15.7
BKIE BNY Mellon International Equity ETF 0.1 4 65 6.0 -15.1
FTHF First Trust Emerging Markets Human Flourishing ETF 0.1 75 -6 6.3 -14.8
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 52 12.2 -8.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.5 -15.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 20 8.1 -13.0
VXF Vanguard Extended Market ETF 0.1 5 64 3.9 -17.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 6.8 -14.3
XCEM Columbia EM Core ex-China ETF 0.1 16 53 5.3 -15.7
SPEU SPDR Portfolio Europe ETF 0.1 7 62 6.4 -14.7
FRGN Horizon International Equity ETF 0.1 75 -6 8.1 -12.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 4.9 -16.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 6.4 -14.6
VGK Vanguard FTSE Europe ETF 0.1 6 63 6.5 -14.6
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 34 6.4 -14.6
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 9.3 -11.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 29 5.6 -15.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 8.4 -12.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 33 7.9 -13.2
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 6.4 -14.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 6.1 -14.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 6.4 -14.6
DWM WisdomTree International Equity Fund 0.1 48 21 5.5 -15.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 7.6 -13.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 54 8.3 -12.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 7.2 -13.8
IGF iShares Global Infrastructure ETF 0.1 41 28 4.1 -16.9
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 5.4 -15.7
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 5.8 -15.2
GII SPDR S&P Global Infrastructure ETF 0.1 40 29 4.1 -16.9
IEUR iShares Core MSCI Europe ETF 0.1 11 58 6.3 -14.8
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 29 7.4 -13.6
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 29 4.0 -17.0
AVUS Avantis U.S. Equity ETF 0.1 15 54 4.9 -16.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 8.2 -12.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 8.7 -12.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 6.7 -14.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 39 8.4 -12.7
VSGX Vanguard ESG International Stock ETF 0.1 10 59 6.7 -14.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.2 -15.8
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 8.2 -12.9
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 6.5 -14.6
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 4.8 -16.3
VB Vanguard Small-Cap ETF 0.1 5 64 5.4 -15.7
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 8.5 -12.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 5.3 -15.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 11 6.3 -14.8
VIS Vanguard Industrials ETF 0.1 9 60 3.6 -17.5
FFF Founders 100 ETF 0.1 75 -6 2.7 -18.3
IEV iShares Europe ETF 0.1 67 2 5.8 -15.3
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 9.5 -11.6
IGE iShares North American Natural Resources ETF 0.1 41 28 5.5 -15.6
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 10.0 -11.1
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 9.2 -11.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.1 -15.9
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 5.2 -15.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 5.0 -16.0
VT Vanguard Total World Stock ETF 0.1 6 63 5.2 -15.9
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 6.1 -14.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 5.5 -15.5
FLEE Franklin FTSE Europe ETF 0.1 9 60 6.2 -14.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 9.2 -11.8
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 57 6.4 -14.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.8 -18.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 44 6.5 -14.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 44 6.4 -14.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 7.0 -14.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 37 7.8 -13.3
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 21 5.4 -15.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 4.5 -16.5
ACWI iShares MSCI ACWI ETF 0.0 32 37 4.8 -16.2
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 5.6 -15.4
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 6.2 -14.9
URTH iShares MSCI World ETF 0.0 24 45 4.5 -16.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -1 6.4 -14.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 44 5.5 -15.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 5.8 -15.2
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 7.2 -13.8
JHSC John Hancock Multifactor Small Cap ETF 0.0 42 27 6.1 -14.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 5.0 -16.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 6.5 -14.5
IUS Invesco RAFI Strategic US ETF 0.0 19 50 5.9 -15.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 39 4.6 -16.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 6.5 -14.6
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.3 -16.8
IWV iShares Russell 3000 ETF 0.0 20 49 4.2 -16.8
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.3 -16.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 24 5.7 -15.4
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 3.6 -17.5
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 35 5.9 -15.1
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 46 7.1 -13.9
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 51 0.0 -21.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 7.0 -14.0
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 5.0 -16.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 35 5.2 -15.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 4.6 -16.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 3.1 -17.9
TOK iShares MSCI Kokusai ETF 0.0 26 43 4.5 -16.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 5.5 -15.6
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 66 4.6 -16.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.3 -16.7
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.3 -16.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 4.4 -16.6
PFM Invesco Dividend Achievers ETF 0.0 53 16 4.8 -16.3
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 5.8 -15.2
AVSD Avantis Responsible International Equity ETF 0.0 23 46 5.9 -15.1
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 3.7 -17.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.4 -16.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 4.8 -16.2
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 5.6 -15.5
GVLU Gotham 1000 Value ETF 0.0 50 19 8.3 -12.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.3 -16.7

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 20.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 21.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.77 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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