SonicShares Global Shipping ETF
ALTAR
Score™		 31.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.3x P/Sales
ratio		 0.8x
P/BV
ratio		 0.6x Div.
yield		 9.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BOAT tracks a modified market-cap-weighted index of globally-listed companies engaged in maritime shipping.

FUND BASICS
Category Global Equities
Fund Sponsor Toroso Investments
Website www.sonicshares.com/boat/
Inception date Aug 03, 2021
Assets (mns) $38
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) $5,262
Large cap (>$10bn) 24.2%
Mid cap ($2-10bn) 37.6%
Small cap (<$2bn) 37.4%
Developed mkts 82.3%
Emerging mkts 17.8%

TOP TEN HOLDINGS
ORIENT OVERSEAS INTL LTD 5.0 %
A.P. MOLLER - MAERSK A/S CLASS B 5.0 %
HYUNDAI MERCHANT MARINE 5.0 %
CHINA COSCO HOLDINGS-H 5.0 %
KAWASAKI KISEN KAISHA LTD 4.8 %
MITSUI OSK LINES LTD 4.8 %
SITC INTERNATIONAL HOLDINGS 4.7 %
HAFNIA LTD. 4.0 %
WILH. WILHELMSEN ASA 4.0 %
MATSON INC 3.9 %
Total 46.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 12.9 %
HONG KONG 11.3 %
BERMUDA 11.2 %
JAPAN 10.3 %
NORWAY 6.8 %
SOUTH KOREA 6.4 %
CHINA 6.2 %
GREECE 5.2 %
MONACO 5.1 %
DENMARK 5.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.2% -13.0% -- -- 15.3%

Market Correlations
versus... Beta R-squared
S&P500 0.85 26%
MSCI EAFE 0.82 25%
MSCI Emg. Mkts. 0.59 14%

Technical Indicators
Recent close $29.06
30d moving avg. $29.71
Annualized volatility 27.0%
Short interest (ETF) 0.9%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 14
Turnover 1.1%
Bid/Ask (% of price) 0.84%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 390 potential alternatives to the SonicShares Global Shipping ETF ETF based on the alternatives' overlap in portfolio holdings with BOAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BOAT Expense: 69 bp ALTAR Score™: 31.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BOAT
Ticker Fund
Name		 Overlap1
vs BOAT
(%)		 Expense
ratio
(bp)		 Savings
vs BOAT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BOAT
(%)
PXJ Invesco Oil & Gas Services ETF 8.8 63 6 6.3 -25.3
DEEP Roundhill Acquirers Deep Value ETF 8.2 80 -11 17.5 -14.1
SHPP Pacer Industrials and Logistics ETF 6.7 60 9 8.4 -23.2
SUPL ProShares Supply Chain Logistics ETF 6.6 58 11 11.3 -20.3
SDIV Global X Superdividend ETF 6.6 58 11 40.4 +8.9
ZIG Acquirers Fund 5.7 84 -15 19.3 -12.3
SFLO VictoryShares Small Cap Free Cash Flow ETF 4.9 49 20 11.9 -19.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.8 47 22 9.3 -22.3
FYLD Cambria Foreign Shareholder Yield ETF 4.7 59 10 11.9 -19.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.2 65 4 11.5 -20.0
DIV Global X SuperDividend US ETF 4.0 45 24 11.8 -19.8
EFAS Global X MSCI SuperDividend EAFE ETF 3.8 57 12 8.4 -23.2
ISHP First Trust Nasdaq Retail ETF 3.7 60 9 5.2 -26.4
VIDI Vident International Equity Strategy ETF 3.7 61 8 11.4 -20.2
FCA First Trust China AlphaDEX Fund 3.3 80 -11 9.0 -22.6
PSCE Invesco S&P SmallCap Energy ETF 3.3 29 40 11.9 -19.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.3 80 -11 9.7 -21.9
XTN SPDR S&P Transportation ETF 3.2 35 34 5.3 -26.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.1 80 -11 11.2 -20.3
EDEN iShares MSCI Denmark ETF 3.0 53 16 6.6 -24.9
FJP First Trust Japan AlphaDEX Fund 2.9 80 -11 9.2 -22.4
ECML Euclidean Fundamental Value ETF 2.8 95 -26 12.2 -19.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -11 10.0 -21.6
DVYE iShares Emerging Markets Dividend ETF 2.8 49 20 18.7 -12.9
AFSM First Trust Active Factor Small Cap ETF 2.7 75 -6 7.7 -23.9
AVUV Avantis U.S. Small Cap Value ETF 2.6 25 44 10.2 -21.4
GCOW Pacer Global Cash Cows Dividend ETF 2.5 60 9 10.9 -20.7
ENOR iShares MSCI Norway ETF 2.5 53 16 10.0 -21.6
NORW Global X MSCI Norway ETF 2.5 50 19 10.0 -21.6
DSMC Distillate Small/Mid Cash Flow ETF 2.4 55 14 12.7 -18.9
SMCF Themes US Small Cap Cash Flow Champions ETF 2.4 29 40 12.6 -19.0
SURE AdvisorShares Insiders Advantage ETF 2.2 90 -21 10.2 -21.4
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 2.2 59 10 6.4 -25.2
RODE Hartford Multifactor Diversified International ETF 2.1 29 40 12.7 -18.9
IVAL Alpha Architect International Quantitative Value ETF 2.0 49 20 10.6 -21.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.0 70 -1 14.4 -17.2
IDOG ALPS International Sector Dividend Dogs ETF 1.9 50 19 12.2 -19.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.8 67 2 13.7 -17.9
RFEU First Trust Riverfront Dynamic Europe ETF 1.8 83 -14 10.4 -21.2
SVAL iShares US Small Cap Value Factor ETF 1.7 20 49 10.7 -20.9
CALF Pacer US Small Cap Cash Cows 100 ETF 1.7 59 10 11.1 -20.5
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 8.2 -23.4
AVDV Avantis International Small Cap Value ETF 1.6 36 33 10.1 -21.5
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.6 35 34 10.6 -21.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.5 29 40 8.7 -22.9
NDIV Amplify Natural Resources Dividend Income ETF 1.5 59 10 13.5 -18.0
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 1.5 59 10 4.5 -27.1
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.5 65 4 3.6 -28.0
PSCI Invesco S&P SmallCap Industrials ETF 1.4 29 40 5.5 -26.1
OAIM OneAscent International Equity ETF 1.4 95 -26 5.6 -26.0
DLS WisdomTree International SmallCap Dividend Fund 1.4 58 11 8.4 -23.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.4 29 40 7.9 -23.6
DFSV Dimensional US Small Cap Value ETF 1.3 31 38 10.4 -21.2
VFVA Vanguard U.S. Value Factor ETF 1.3 13 56 11.2 -20.4
EWH iShares MSCI Hong Kong ETF 1.3 50 19 5.5 -26.1
RNIN Bushido Capital US SMID Cap Equity ETF 1.3 70 -1 5.0 -26.6
OCEN IQ Clean Oceans ETF 1.3 45 24 6.2 -25.3
PSC Principal U.S. Small-Cap ETF 1.3 38 31 6.9 -24.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.2 60 9 10.9 -20.7
EMIF iShares Emerging Markets Infrastructure ETF 1.2 60 9 6.6 -24.9
UIVM VictoryShares International Value Momentum ETF 1.2 35 34 9.0 -22.6
OBOR KraneShares MSCI One Belt One Road Index ETF 1.2 79 -10 8.7 -22.9
WBIY WBI Power Factor High Dividend ETF 1.2 100 -31 15.2 -16.4
ROAM Hartford Multifactor Emerging Markets ETF 1.2 44 25 11.9 -19.7
FLHK Franklin FTSE Hong Kong ETF 1.2 9 60 7.1 -24.5
FDLS Inspire Fidelis Multi Factor ETF 1.1 76 -7 5.3 -26.3
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -14 9.7 -21.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.1 35 34 9.8 -21.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 24 10.6 -21.0
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -11 12.2 -19.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.1 25 44 8.1 -23.5
DFE WisdomTree Europe SmallCap Dividend Fund 1.0 58 11 8.1 -23.5
AVSC Avantis U.S Small Cap Equity ETF 1.0 25 44 6.0 -25.6
SYLD Cambria Shareholder Yield ETF 1.0 59 10 11.7 -19.9
ROSC Hartford Multifactor Small Cap ETF 1.0 34 35 9.8 -21.8
IWN iShares Russell 2000 Value ETF 1.0 24 45 7.8 -23.8
VTWV Vanguard Russell 2000 Value ETF 1.0 10 59 7.9 -23.7
FIVA Fidelity International Value Factor ETF 1.0 18 51 10.2 -21.4
SMDV ProShares Russell 2000 Dividend Growers ETF 1.0 40 29 7.4 -24.2
DFAT Dimensional U.S. Targeted Value ETF 0.9 28 41 9.5 -22.1
EYLD Cambria Emerging Shareholder Yield ETF 0.9 66 3 12.3 -19.3
EWJV iShares MSCI Japan Value ETF 0.8 15 54 9.4 -22.2
EES WisdomTree U.S. SmallCap Fund 0.8 38 31 9.1 -22.5
FEP First Trust Europe AlphaDEX Fund 0.8 80 -11 9.3 -22.3
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -11 11.7 -19.8
IVLU iShares MSCI Intl Value Factor ETF 0.8 30 39 10.7 -20.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.8 80 -11 4.9 -26.7
IPKW Invesco International BuyBack Achievers ETF 0.8 55 14 13.6 -18.0
FTXR First Trust Nasdaq Transportation ETF 0.8 60 9 9.2 -22.4
ISRA VanEck Israel ETF 0.7 59 10 6.9 -24.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 7.4 -24.2
IYT iShares US Transportation ETF 0.7 40 29 5.0 -26.5
EIPX FT Energy Income Partners Strategy ETF 0.7 95 -26 8.3 -23.3
DIM WisdomTree International MidCap Dividend Fund 0.7 58 11 7.6 -24.0
FENI Fidelity Enhanced International ETF 0.7 28 41 6.7 -24.9
FYT First Trust Small Cap Value AlphaDEX Fund 0.7 73 -4 11.2 -20.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.7 36 33 11.9 -19.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 49 6.0 -25.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.7 37 32 8.5 -23.0
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.7 35 34 9.3 -22.3
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 22 9.3 -22.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.7 39 30 6.6 -25.0
QLV FlexShares US Quality Low Volatility Index Fund 0.7 22 47 5.7 -25.9
SIXS ETC 6 Meridian Small Cap Equity ETF 0.7 89 -20 10.2 -21.4
DTH WisdomTree International High Dividend Fund 0.7 58 11 8.9 -22.7
VFMF Vanguard U.S. Multifactor ETF 0.7 18 51 8.2 -23.4
GREK Global X MSCI Greece ETF 0.7 57 12 10.3 -21.3
EIS iShares MSCI Israel ETF 0.7 58 11 7.6 -24.0
CVY Invesco Zacks Multi-Asset Income ETF 0.6 106 -37 11.9 -19.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.6 52 17 6.6 -24.9
FNK First Trust Mid Cap Value AlphaDEX Fund 0.6 70 -1 11.2 -20.4
CLNR IQ Cleaner Transport ETF 0.6 45 24 6.6 -25.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 50 19 11.4 -20.2
RSSL Global X Russell 2000 ETF 0.6 8 61 4.5 -27.1
ISMD Inspire Small/Mid Cap ETF 0.6 54 15 6.1 -25.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -26 12.7 -18.8
FLKR Franklin FTSE South Korea ETF 0.6 9 60 9.5 -22.1
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.6 20 49 6.0 -25.6
FSMD Fidelity Small-Mid Multifactor ETF 0.6 15 54 7.2 -24.4
EWY iShares MSCI South Korea ETF 0.6 58 11 8.9 -22.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.5 90 -21 7.7 -23.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 20 6.9 -24.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.5 9 60 9.2 -22.4
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 17 7.0 -24.6
GWX SPDR S&P International Small Cap ETF 0.5 40 29 6.3 -25.3
WCEO Hypatia Women CEO ETF 0.5 85 -16 4.4 -27.2
DISV Dimensional International Small Cap Value ETF 0.5 42 27 9.5 -22.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 24 8.9 -22.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 8.0 -23.6
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 57 7.5 -24.1
VTWO Vanguard Russell 2000 ETF 0.5 7 62 4.6 -27.0
IWM iShares Russell 2000 ETF 0.5 19 50 4.6 -27.0
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 34 7.8 -23.8
FESM Fidelity Enhanced Small Cap ETF 0.5 28 41 7.8 -23.8
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 51 5.6 -26.0
JPXN iShares JPX-Nikkei 400 ETF 0.5 48 21 7.1 -24.5
IJR iShares Core S&P Small Cap ETF 0.5 6 63 7.9 -23.7
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 50 7.1 -24.5
ESIX SPDR S&P SmallCap 600 ESG ETF 0.5 12 57 8.2 -23.4
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 51 10.2 -21.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 59 5.7 -25.9
IWC iShares Micro-Cap ETF 0.5 60 9 -0.6 -32.2
SLYG SPDR S&P 600 Small Cap Growth ETF 0.5 15 54 5.7 -25.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 7 62 7.8 -23.7
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 32 6.2 -25.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 49 20 15.9 -15.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.5 47 22 7.0 -24.6
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 66 7.9 -23.7
GXC SPDR S&P China ETF 0.5 59 10 16.4 -15.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 10 59 10.2 -21.4
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 54 10.2 -21.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 4.5 -27.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 8.1 -23.5
VWID Virtus WMC International Dividend ETF 0.4 49 20 8.8 -22.8
BFOR ALPS Barron's 400 ETF 0.4 65 4 6.0 -25.5
FXI iShares China Large-Cap ETF 0.4 74 -5 17.1 -14.5
AFMC First Trust Active Factor Mid Cap ETF 0.4 65 4 8.9 -22.7
FCPI Fidelity Stocks for Inflation ETF 0.4 15 54 7.6 -24.0
SQLV Royce Quant Small-Cap Quality Value ETF 0.4 60 9 9.8 -21.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 34 10.6 -20.9
VUSE Vident U.S. Equity Strategy ETF 0.4 50 19 4.6 -27.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 16.2 -15.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 30 8.2 -23.4
EWJ iShares MSCI Japan ETF 0.4 50 19 6.7 -24.9
DFAS Dimensional U.S. Small Cap ETF 0.4 26 43 6.6 -25.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 9.6 -22.0
FLJP Franklin FTSE Japan ETF 0.4 9 60 6.7 -24.9
MCH Matthews China Active ETF 0.4 79 -10 15.3 -16.3
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 27 7.2 -24.4
FLJH Franklin FTSE Japan Hedged ETF 0.4 9 60 6.8 -24.8
VFMV Vanguard U.S. Minimum Volatility ETF 0.4 13 56 5.7 -25.9
JSML Janus Henderson Small Cap Growth Alpha ETF 0.4 30 39 8.3 -23.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.4 35 34 19.3 -12.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 22 8.5 -23.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 44 7.3 -24.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 30 6.7 -24.8
JHMD John Hancock Multifactor Developed International ETF 0.4 39 30 7.6 -24.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.4 32 37 5.9 -25.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 30 6.1 -25.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 37 17.5 -14.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 9.6 -22.0
EIRL iShares MSCI Ireland ETF 0.3 50 19 8.7 -22.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 29 7.0 -24.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 8 6.4 -25.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.3 67 2 10.1 -21.5
SCHC Schwab International Small-Cap Equity ETF 0.3 11 58 6.8 -24.8
VPL Vanguard FTSE Pacific ETF 0.3 7 62 7.1 -24.5
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.3 60 9 2.1 -29.5
IDV iShares International Select Dividend ETF 0.3 51 18 11.1 -20.5
INEQ Columbia International Equity Income ETF 0.3 45 24 8.3 -23.3
EFV iShares MSCI EAFE Value ETF 0.3 34 35 9.3 -22.3
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 6.7 -24.9
AVDS Avantis International Small Cap Equity ETF 0.3 30 39 7.6 -24.0
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 54 6.3 -25.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.3 60 9 7.7 -23.9
QINT American Century Quality Diversified International ETF 0.3 39 30 7.4 -24.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 44 6.4 -25.1
MCHI iShares MSCI China ETF 0.3 59 10 17.8 -13.8
DWM WisdomTree International Equity Fund 0.3 48 21 7.5 -24.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 6.7 -24.9
STXK Strive Small-Cap ETF 0.3 18 51 6.2 -25.4
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 6.6 -25.0
ETHO Etho Climate Leadership U.S. ETF 0.3 47 22 5.4 -26.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 20 10.4 -21.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 30 5.9 -25.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 49 7.2 -24.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 49 5.9 -25.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 39 9.9 -21.7
EXI iShares Global Industrials ETF 0.3 42 27 4.5 -27.0
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 9.2 -22.4
CIL VictoryShares International Volatility Wtd ETF 0.3 45 24 6.6 -25.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 10.9 -20.7
DFIV Dimensional International Value ETF 0.2 27 42 10.0 -21.6
DXIV Dimensional International Vector Equity ETF 0.2 34 35 8.0 -23.6
DXUV Dimensional US Vector Equity ETF 0.2 28 41 6.3 -25.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.2 30 39 7.0 -24.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 44 7.1 -24.4
SIXL ETC 6 Meridian Low Beta Equity ETF 0.2 80 -11 6.1 -25.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 29 7.6 -24.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 7.4 -24.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 61 6.8 -24.8
IQSI IQ Candriam International Equity ETF 0.2 15 54 6.6 -24.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 65 6.2 -25.4
AVDE Avantis International Equity ETF 0.2 23 46 7.6 -24.0
QDF FlexShares Quality Dividend Index Fund 0.2 37 32 6.4 -25.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 9.3 -22.3
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 9.8 -21.8
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 62 10.6 -21.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 57 7.5 -24.1
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 7.9 -23.7
TPIF Timothy Plan International ETF 0.2 62 7 6.2 -25.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 7.2 -24.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 4 8.1 -23.4
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 22 5.4 -26.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 9.5 -22.1
DIHP Dimensional International High Profitability ETF 0.2 29 40 7.2 -24.4
FLCH Franklin FTSE China ETF 0.2 19 50 16.7 -14.8
DFIS Dimensional International Small Cap ETF 0.2 39 30 7.4 -24.2
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 7.2 -24.4
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 63 9.4 -22.2
EZM WisdomTree U.S. MidCap Fund 0.2 38 31 9.3 -22.3
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.2 27 42 7.0 -24.6
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 7.6 -24.0
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 7.2 -24.4
VDE Vanguard Energy ETF 0.2 9 60 9.3 -22.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 36 8.6 -23.0
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 52 13.2 -18.4
XCEM Columbia EM Core ex-China ETF 0.2 16 53 8.1 -23.5
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 8.0 -23.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 11 8.0 -23.6
VEA Vanguard FTSE Developed Markets ETF 0.2 3 66 7.3 -24.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 33 6.9 -24.6
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 44 7.3 -24.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 27 7.0 -24.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 20 10.1 -21.5
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 62 8.0 -23.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 49 6.5 -25.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.2 60 9 8.3 -23.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 9.5 -22.1
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 9.3 -22.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 7.0 -24.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 8.1 -23.5
EBI Longview Advantage ETF 0.2 35 34 6.7 -24.9
EFA iShares MSCI EAFE ETF 0.2 35 34 6.9 -24.7
SCHF Schwab International Equity ETF 0.2 6 63 7.4 -24.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 54 10.4 -21.2
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 56 3.2 -28.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 27 6.6 -24.9
VXUS Vanguard Total International Stock ETF 0.1 5 64 8.0 -23.6
SCHA Schwab U.S. Small-Cap ETF 0.1 4 65 6.3 -25.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 10.0 -21.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 39 10.3 -21.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 7.8 -23.8
BKIE BNY Mellon International Equity ETF 0.1 4 65 7.1 -24.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 33 7.8 -23.8
DFAI Dimensional International Core Equity Market ETF 0.1 18 51 7.3 -24.3
VBR Vanguard Small Cap Value ETF 0.1 7 62 9.2 -22.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 8.2 -23.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 7.8 -23.8
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 10.3 -21.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 10.1 -21.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 33 9.9 -21.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 7.6 -24.0
BKF iShares MSCI BIC ETF 0.1 69 0 13.3 -18.3
ISCB iShares Morningstar Small-Cap ETF 0.1 4 65 6.2 -25.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.7 -25.9
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 11.9 -19.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 7.5 -24.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 10.5 -21.1
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 10.5 -21.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 40 6.5 -25.1
PKW Invesco Buyback Achievers ETF 0.1 62 7 7.4 -24.2
SPEU SPDR Portfolio Europe ETF 0.1 7 62 7.3 -24.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 8.2 -23.4
VGK Vanguard FTSE Europe ETF 0.1 6 63 7.4 -24.2
AVIV Avantis International Large Cap Value ETF 0.1 25 44 8.9 -22.7
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 31 8.9 -22.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 11.7 -19.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 6.1 -25.5
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 56 6.4 -25.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 11 6.7 -24.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 39 6.8 -24.8
AVUS Avantis U.S. Equity ETF 0.1 15 54 5.9 -25.7
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 7.7 -23.8
IEUR iShares Core MSCI Europe ETF 0.1 11 58 7.3 -24.3
VXF Vanguard Extended Market ETF 0.1 5 64 4.8 -26.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 5.5 -26.1
VSGX Vanguard ESG International Stock ETF 0.1 10 59 7.9 -23.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 6.3 -25.3
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 7.6 -23.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 5.6 -26.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 44 8.0 -23.6
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 6.1 -25.5
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 6 13.2 -18.4
VB Vanguard Small-Cap ETF 0.1 5 64 6.2 -25.4
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -56 5.3 -26.3
VIS Vanguard Industrials ETF 0.1 9 60 4.6 -27.0
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 6.2 -25.4
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 7.6 -24.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 34 7.2 -24.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.8 -25.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 10.1 -21.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 7.0 -24.6
IEV iShares Europe ETF 0.1 67 2 6.9 -24.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 44 7.7 -23.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.9 -28.6
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 11.1 -20.5
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 10.6 -21.0
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 13.3 -18.3
GVLU Gotham 1000 Value ETF 0.1 50 19 8.9 -22.7
VT Vanguard Total World Stock ETF 0.1 6 63 6.0 -25.6
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 7.2 -24.4
FLEE Franklin FTSE Europe ETF 0.1 9 60 7.3 -24.2
GLOF iShares Global Equity Factor ETF 0.1 20 49 6.7 -24.9
IGE iShares North American Natural Resources ETF 0.1 41 28 7.9 -23.7
ACWI iShares MSCI ACWI ETF 0.1 32 37 5.7 -25.9
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 59 1.5 -30.1
IWO iShares Russell 2000 Growth ETF 0.1 24 45 1.4 -30.2
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 53 8.5 -23.1
IUS Invesco RAFI Strategic US ETF 0.1 19 50 6.8 -24.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 6.2 -25.3
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 5.5 -26.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 11 7.1 -24.5
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 30 6.9 -24.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 31 9.4 -22.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 5.9 -25.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -1 7.8 -23.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.4 -26.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 8.6 -23.0
AVSD Avantis Responsible International Equity ETF 0.0 23 46 5.7 -25.9
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 46 8.4 -23.2
URTH iShares MSCI World ETF 0.0 24 45 5.2 -26.3
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 57 7.6 -24.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 5.1 -26.4
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 6.7 -24.8
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 7.2 -24.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 37 9.3 -22.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 6.5 -25.1
DXJ WisdomTree Japan Hedged Equity Fund 0.0 48 21 8.2 -23.4
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 4.5 -27.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 3.8 -27.8
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 7.2 -24.3
INTF iShares International Equity Factor ETF 0.0 15 54 7.8 -23.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 7.2 -24.4
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 9.4 -22.1
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.9 -26.7
VTHR Vanguard Russell 3000 ETF 0.0 7 62 5.0 -26.6
IWV iShares Russell 3000 ETF 0.0 20 49 4.9 -26.7
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 5.3 -26.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 39 5.4 -26.2
DEW WisdomTree Global High Dividend Fund 0.0 58 11 8.7 -22.9
DIVB iShares Core Dividend ETF 0.0 5 64 7.6 -24.0
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 5.6 -26.0
TOK iShares MSCI Kokusai ETF 0.0 26 43 5.2 -26.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 7.7 -23.9
PFM Invesco Dividend Achievers ETF 0.0 53 16 5.3 -26.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 8.9 -22.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 66 5.2 -26.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 5.0 -26.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 28 6.8 -24.7
AVES Avantis Emerging Markets Value ETF 0.0 36 33 11.6 -20.0
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 6.4 -25.2
DGRO iShares Core Dividend Growth ETF 0.0 8 61 6.4 -25.1
VTI Vanguard Total Stock Market ETF 0.0 3 66 5.0 -26.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 5.1 -26.5
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 5.5 -26.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 4.6 -27.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.8 -26.8
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.4 -25.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 5.0 -26.6

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 19.1 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 31.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.72 CATEGORY
AVERAGE		 1.57
 
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.