SonicShares Global Shipping ETF
ALTAR
Score™		 29.1% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 8.0x P/Sales
ratio		 1.3x
P/BV
ratio		 0.9x Div.
yield		 6.6%


  • 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) $46
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) $5,807
Large cap (>$10bn) 21.0%
Mid cap ($2-10bn) 49.0%
Small cap (<$2bn) 28.9%
Developed mkts 80.9%
Emerging mkts 19.1%

TOP TEN HOLDINGS
SITC INTERNATIONAL HOLDINGS 6.1 %
FRONTLINE LTD. 5.4 %
KAWASAKI KISEN KAISHA LTD 5.2 %
ORIENT OVERSEAS INTL LTD 5.0 %
MITSUI OSK LINES LTD 5.0 %
SCORPIO TANKERS INC 4.7 %
CHINA COSCO HOLDINGS-H 4.6 %
HYUNDAI MERCHANT MARINE 4.3 %
INTERNATIONAL SEAWAYS, INC. 4.3 %
MATSON INC 4.1 %
Total 48.9 %

TOP COUNTRY EXPOSURE
BERMUDA 17.1 %
UNITED STATES 15.4 %
HONG KONG 13.0 %
JAPAN 11.0 %
SOUTH KOREA 6.4 %
CHINA 6.1 %
MONACO 6.1 %
GREECE 5.3 %
NORWAY 4.3 %
DENMARK 4.0 %

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.
1.3% 16.1% -- -- 18.3%

Market Correlations
versus... Beta R-squared
S&P500 0.92 32%
MSCI EAFE 1.04 41%
MSCI Emg. Mkts. 0.71 19%

Technical Indicators
Recent close $31.58
30d moving avg. $28.02
Annualized volatility 30.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 17
Turnover 1.2%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $930

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 372 potential alternatives to the SonicShares Global Shipping ETF ETF based on the alternatives' overlap in portfolio holdings with BOAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BOAT Expense: 69 bp ALTAR Score™: 29.1%


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 38.0 60 9 24.1 -5.0
PXJ Invesco Oil & Gas Services ETF 12.6 63 6 2.8 -26.3
SUPL ProShares Supply Chain Logistics ETF 9.2 58 11 13.1 -16.0
FCA First Trust China AlphaDEX Fund 7.0 80 -11 17.6 -11.5
SHPP Pacer Industrials and Logistics ETF 6.8 60 9 8.9 -20.2
SDIV Global X Superdividend ETF 6.4 58 11 17.6 -11.5
DEEP Roundhill Acquirers Deep Value ETF 6.0 80 -11 15.3 -13.8
EEMD AAM S&P Emerging Markets High Dividend Value ETF 5.7 49 20 19.0 -10.1
AZTD Aztlan Global Stock Selection DM SMID ETF 5.6 75 -6 6.6 -22.5
FYLD Cambria Foreign Shareholder Yield ETF 4.9 59 10 12.0 -17.1
ENOR iShares MSCI Norway ETF 4.7 53 16 7.6 -21.6
NORW Global X MSCI Norway ETF 4.6 50 19 7.5 -21.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.4 47 22 9.8 -19.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.2 65 4 12.8 -16.3
GCOW Pacer Global Cash Cows Dividend ETF 4.1 60 9 13.6 -15.5
AFSM First Trust Active Factor Small Cap ETF 4.0 75 -6 7.6 -21.5
LNGG Roundhill Alerian LNG ETF 3.8 65 4 8.5 -20.6
XTN SPDR S&P Transportation ETF 3.5 35 34 1.0 -28.1
DSMC Distillate Small/Mid Cash Flow ETF 3.3 55 14 11.8 -17.4
AVUV Avantis U.S. Small Cap Value ETF 3.2 25 44 10.0 -19.1
DMDV AAM S&P Developed Markets High Dividend Value ETF 3.1 39 30 12.7 -16.5
FDVV Fidelity High Dividend ETF 3.1 15 54 8.9 -20.2
FJP First Trust Japan AlphaDEX Fund 3.0 80 -11 10.1 -19.0
ISHP First Trust Nasdaq Retail ETF 3.0 60 9 3.1 -26.0
SVAL iShares US Small Cap Value Factor ETF 2.9 20 49 11.4 -17.7
DBLV AdvisorShares DoubleLine Value Equity ETF 2.8 90 -21 7.4 -21.7
VIDI Vident International Equity Strategy ETF 2.8 61 8 11.9 -17.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.7 56 13 13.9 -15.2
SIXS ETC 6 Meridian Small Cap Equity ETF 2.6 89 -20 9.0 -20.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.6 80 -11 11.0 -18.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.5 80 -11 10.0 -19.1
ECML Euclidean Fundamental Value ETF 2.4 95 -26 8.7 -20.4
DVYE iShares Emerging Markets Dividend ETF 2.4 49 20 16.6 -12.5
DFSV Dimensional US Small Cap Value ETF 2.4 31 38 8.9 -20.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.4 70 -1 11.4 -17.7
EFAS Global X MSCI SuperDividend EAFE ETF 2.2 57 12 9.7 -19.4
XSMO Invesco S&P SmallCap Momentum ETF 2.2 39 30 7.8 -21.3
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 -11 16.3 -12.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 2.1 39 30 8.9 -20.2
SMCP AlphaMark Actively Managed Small Cap ETF 2.1 90 -21 6.8 -22.3
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.1 35 34 7.2 -21.9
QVAL Alpha Architect US Quantitative Value ETF 2.1 39 30 11.1 -18.0
IMOM Alpha Architect International Quantitative Momentum ETF 2.0 49 20 7.3 -21.8
VFVA Vanguard U.S. Value Factor ETF 2.0 13 56 10.6 -18.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.0 29 40 7.4 -21.7
AVDV Avantis International Small Cap Value ETF 1.9 36 33 8.0 -21.1
EDEN iShares MSCI Denmark ETF 1.9 53 16 6.2 -22.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.9 60 9 14.7 -14.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.9 80 -11 10.8 -18.4
IDOG ALPS International Sector Dividend Dogs ETF 1.8 50 19 11.6 -17.5
MBOX Freedom Day Dividend ETF 1.8 39 30 7.7 -21.4
DIV Global X SuperDividend US ETF 1.8 45 24 7.8 -21.3
PSCI Invesco S&P SmallCap Industrials ETF 1.8 29 40 6.0 -23.1
DFAT Dimensional U.S. Targeted Value ETF 1.8 28 41 8.2 -20.9
IMFL Invesco International Developed Dynamic Multifactor ETF 1.7 34 35 10.6 -18.5
FFTY Innovator IBD 50 ETF 1.7 80 -11 0.1 -29.0
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.7 59 10 8.5 -20.6
JHID John Hancock International High Dividend ETF 1.7 46 23 11.5 -17.6
AVSC Avantis U.S Small Cap Equity ETF 1.7 25 44 5.4 -23.7
PSC Principal U.S. Small-Cap ETF 1.7 38 31 6.6 -22.6
JSML Janus Henderson Small Cap Growth Alpha ETF 1.6 30 39 9.3 -19.8
EMIF iShares Emerging Markets Infrastructure ETF 1.5 60 9 4.6 -24.5
VFMF Vanguard U.S. Multifactor ETF 1.5 18 51 8.7 -20.5
FIDI Fidelity International High Dividend ETF 1.5 18 51 10.1 -19.0
SQLV Royce Quant Small-Cap Quality Value ETF 1.5 60 9 9.0 -20.1
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.5 35 34 7.5 -21.6
UIVM VictoryShares International Value Momentum ETF 1.5 35 34 10.7 -18.5
VTWV Vanguard Russell 2000 Value ETF 1.4 15 54 5.8 -23.3
IWN iShares Russell 2000 Value ETF 1.4 24 45 5.6 -23.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.4 39 30 4.5 -24.6
CVY Invesco Zacks Multi-Asset Income ETF 1.3 106 -37 8.9 -20.2
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 22 10.7 -18.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 22 10.3 -18.8
FTXR First Trust Nasdaq Transportation ETF 1.3 60 9 5.1 -24.1
EWH iShares MSCI Hong Kong ETF 1.3 50 19 7.0 -22.2
ROSC Hartford Multifactor Small Cap ETF 1.2 34 35 10.1 -19.0
OCEN IQ Clean Oceans ETF 1.2 45 24 5.3 -23.8
VFMO Vanguard U.S. Momentum Factor ETF 1.2 13 56 2.8 -26.3
WCEO Hypatia Women CEO ETF 1.2 85 -16 5.2 -23.9
IPKW Invesco International BuyBack Achievers ETF 1.2 55 14 9.1 -20.0
FLHK Franklin FTSE Hong Kong ETF 1.2 9 60 7.4 -21.7
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -14 9.0 -20.1
FYC First Trust Small Cap Growth AlphaDEX Fund 1.1 71 -2 0.9 -28.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 24 12.7 -16.4
CALF Pacer US Small Cap Cash Cows 100 ETF 1.1 59 10 11.1 -18.0
IQDE FlexShares International Quality Dividend Defensive Index ET 1.1 47 22 10.7 -18.4
SMDV ProShares Russell 2000 Dividend Growers ETF 1.1 40 29 7.2 -21.9
RAYD Rayliant Quantitative Developed Market Equity ETF 1.1 80 -11 4.5 -24.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.0 80 -11 5.6 -23.5
DLS WisdomTree International SmallCap Dividend Fund 1.0 58 11 8.8 -20.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.0 60 9 9.5 -19.6
IWC iShares Micro-Cap ETF 1.0 60 9 -4.3 -33.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.0 20 49 6.7 -22.4
GWX SPDR S&P International Small Cap ETF 1.0 40 29 6.6 -22.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -26 11.4 -17.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.0 15 54 6.9 -22.2
SYLD Cambria Shareholder Yield ETF 1.0 59 10 11.5 -17.6
VWID Virtus WMC International Dividend ETF 1.0 49 20 9.4 -19.7
RODE Hartford Multifactor Diversified International ETF 0.9 29 40 11.5 -17.6
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 54 7.9 -21.2
FDM First Trust Dow Jones Select MicroCap Index Fund 0.9 60 9 7.9 -21.2
FEP First Trust Europe AlphaDEX Fund 0.9 80 -11 8.6 -20.5
SLYG SPDR S&P 600 Small Cap Growth ETF 0.9 15 54 7.0 -22.1
IJT iShares S&P Small-Cap 600 Growth ETF 0.9 18 51 7.0 -22.1
CGV Conductor Global Equity Value ETF 0.9 130 -61 11.3 -17.8
DFAS Dimensional U.S. Small Cap ETF 0.8 26 43 6.0 -23.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.8 70 -1 4.6 -24.6
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.8 25 44 8.8 -20.3
IYT iShares US Transportation ETF 0.8 40 29 2.1 -27.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 4 8.4 -20.8
AVES Avantis Emerging Markets Value ETF 0.8 36 33 12.1 -17.1
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.8 35 34 5.4 -23.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.8 9 60 9.8 -19.4
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 25 11.7 -17.4
FSMD Fidelity Small-Mid Multifactor ETF 0.8 15 54 7.6 -21.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 20 6.7 -22.4
VAMO Cambria Value & Momentum ETF 0.8 61 8 9.6 -19.5
BFOR ALPS Barron's 400 ETF 0.8 65 4 6.6 -22.5
FNK First Trust Mid Cap Value AlphaDEX Fund 0.7 70 -1 9.2 -19.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.7 20 49 4.5 -24.6
VTWO Vanguard Russell 2000 ETF 0.7 10 59 3.9 -25.2
QINT American Century Quality Diversified International ETF 0.7 39 30 7.4 -21.7
IWM iShares Russell 2000 ETF 0.7 19 50 3.6 -25.5
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 39 10.6 -18.5
RNSC Furst Trust Small Cap US Equity Select ETF 0.7 60 9 8.4 -20.7
EWJV iShares MSCI Japan Value ETF 0.7 15 54 9.0 -20.1
SCAP InfraCap Small Cap Income ETF 0.7 135 -66 7.2 -21.9
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 0.7 38 31 6.7 -22.4
FLKR Franklin FTSE South Korea ETF 0.6 9 60 9.4 -19.7
DISV Dimensional International Small Cap Value ETF 0.6 42 27 9.2 -19.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.6 20 49 10.7 -18.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.6 37 32 8.7 -20.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 33 11.1 -18.0
GVAL Cambria Global Value ETF 0.6 68 1 12.3 -16.8
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 44 7.0 -22.2
FIVA Fidelity International Value Factor ETF 0.6 18 51 9.3 -19.8
ISRA VanEck Israel ETF 0.6 59 10 8.9 -20.2
ESIX SPDR S&P SmallCap 600 ESG ETF 0.6 12 57 7.8 -21.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.6 29 40 8.8 -20.3
IEUS iShares MSCI Europe Small-Cap ETF 0.6 42 27 0.0 -29.1
JPXN iShares JPX-Nikkei 400 ETF 0.6 48 21 7.5 -21.6
DFE WisdomTree Europe SmallCap Dividend Fund 0.6 58 11 10.9 -18.2
RFEU First Trust Riverfront Dynamic Europe ETF 0.6 83 -14 8.7 -20.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.5 61 8 7.2 -21.9
SMLE Xtrackers S&P SmallCap 600 ESG ETF 0.5 15 54 7.6 -21.5
CLNR IQ Cleaner Transport ETF 0.5 45 24 8.3 -20.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 54 5.8 -23.3
EIS iShares MSCI Israel ETF 0.5 58 11 9.5 -19.6
STXK Strive Small-Cap ETF 0.5 18 51 5.5 -23.6
GXC SPDR S&P China ETF 0.5 59 10 9.0 -20.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 8.2 -20.9
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 57 7.7 -21.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.5 25 44 7.7 -21.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 60 4.0 -25.1
XSHQ Invesco S&P SmallCap Quality ETF 0.5 29 40 10.1 -19.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.5 25 44 6.8 -22.3
ISZE iShares MSCI Intl Size Factor ETF 0.5 30 39 6.6 -22.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 10 59 7.8 -21.3
FLJP Franklin FTSE Japan ETF 0.5 9 60 7.1 -22.0
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 50 7.1 -22.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.5 47 22 6.6 -22.5
IQIN IQ 500 International ETF 0.5 25 44 8.8 -20.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 60 8.0 -21.1
IJR iShares Core S&P Small Cap ETF 0.5 6 63 8.2 -20.9
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 66 8.2 -20.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 44 7.4 -21.7
FLJH Franklin FTSE Japan Hedged ETF 0.5 9 60 6.9 -22.2
IDV iShares International Select Dividend ETF 0.4 51 18 12.3 -16.8
VFMV Vanguard U.S. Minimum Volatility ETF 0.4 13 56 5.4 -23.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 30 7.6 -21.5
AVEM Avantis Emerging Markets Equity ETF 0.4 33 36 9.1 -20.0
CID VictoryShares International High Div Volatility Wtd ETF 0.4 45 24 9.5 -19.7
SCHC Schwab International Small-Cap Equity ETF 0.4 11 58 6.4 -22.7
FXI iShares China Large-Cap ETF 0.4 74 -5 9.6 -19.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 30 6.9 -22.2
AVDE Avantis International Equity ETF 0.4 23 46 7.9 -21.3
EWJ iShares MSCI Japan ETF 0.4 50 19 6.7 -22.4
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.4 60 9 1.2 -27.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 29 0.0 -29.1
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.4 42 27 7.5 -21.6
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 34 7.6 -21.5
MCHI iShares MSCI China ETF 0.4 59 10 8.9 -20.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 4 7.7 -21.4
TPSC Timothy Plan US Small Cap Core ETF 0.4 52 17 7.6 -21.5
DFIS Dimensional International Small Cap ETF 0.4 39 30 6.7 -22.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 39 7.6 -21.5
EWY iShares MSCI South Korea ETF 0.4 58 11 8.5 -20.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 9 6.0 -23.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 24 8.5 -20.6
DTH WisdomTree International High Dividend Fund 0.4 58 11 10.1 -19.0
ISMD Inspire Small/Mid Cap ETF 0.4 54 15 6.1 -23.0
JHMD John Hancock Multifactor Developed International ETF 0.4 39 30 7.4 -21.7
ETHO Etho Climate Leadership U.S. ETF 0.4 47 22 4.1 -25.1
SSLY Syntax Stratified SmallCap ETF 0.3 40 29 7.5 -21.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 30 7.3 -21.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.3 20 49 6.9 -22.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 44 9.1 -20.0
DIM WisdomTree International MidCap Dividend Fund 0.3 58 11 7.7 -21.4
VPL Vanguard FTSE Pacific ETF 0.3 8 61 6.9 -22.2
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 6.7 -22.4
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 44 8.7 -20.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 37 5.7 -23.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 9.4 -19.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 39 8.5 -20.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 39 6.8 -22.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 20 12.4 -16.7
EFV iShares MSCI EAFE Value ETF 0.3 34 35 9.1 -20.0
DFIV Dimensional International Value ETF 0.3 27 42 9.8 -19.3
FDEV Fidelity International Multifactor ETF 0.3 18 51 7.5 -21.6
EXI iShares Global Industrials ETF 0.3 42 27 4.7 -24.5
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 39 5.7 -23.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.2 30 39 6.8 -22.3
KRUZ Unusual Whales Subversive Republican Trading ETF 0.2 75 -6 4.9 -24.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 62 6.5 -22.6
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 20 8.3 -20.8
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 63 8.1 -21.0
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 49 6.8 -22.3
FLCH Franklin FTSE China ETF 0.2 19 50 9.6 -19.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 25 10.3 -18.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 24 8.6 -20.5
ESGN Columbia International ESG Equity Income ETF 0.2 45 24 9.0 -20.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 5 2.1 -27.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.2 25 44 7.4 -21.7
DES WisdomTree U.S. SmallCap Dividend Fund 0.2 38 31 8.1 -21.0
FAB First Trust Multi Cap Value AlphaDEX Fund 0.2 67 2 9.2 -19.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 6.9 -22.2
IQSI IQ Candriam International Equity ETF 0.2 15 54 6.4 -22.7
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 62 7.5 -21.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 7.2 -21.9
CN Xtrackers MSCI All China Equity ETF 0.2 50 19 8.7 -20.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 7.8 -21.3
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 65 5.7 -23.4
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 7.4 -21.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 6.3 -22.8
WLDR Affinity World Leaders Equity ETF 0.2 67 2 8.5 -20.6
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 7.5 -21.6
VYMI Vanguard International High Dividend Yield ETF 0.2 22 47 9.7 -19.4
ISCB iShares Morningstar Small-Cap ETF 0.2 4 65 5.3 -23.8
VSGX Vanguard ESG International Stock ETF 0.2 12 57 6.8 -22.3
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 46 8.8 -20.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 7.8 -21.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 20 6.7 -22.4
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 2.7 -26.4
DFUV Dimensional US Marketwide Value ETF 0.2 22 47 7.6 -21.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 28 7.3 -21.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 11 7.2 -21.9
AVUS Avantis U.S. Equity ETF 0.2 15 54 6.0 -23.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 33 7.5 -21.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.2 20 49 7.5 -21.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.2 35 34 6.4 -22.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 58 7.7 -21.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 6.4 -22.7
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 52 5.7 -23.4
SCHA Schwab U.S. Small-Cap ETF 0.2 4 65 4.9 -24.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 6.7 -22.5
AVIV Avantis International Large Cap Value ETF 0.2 25 44 8.9 -20.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 30 12.5 -16.6
VBR Vanguard Small Cap Value ETF 0.2 7 62 8.2 -20.9
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 6.7 -22.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 33 6.4 -22.7
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 22 5.4 -23.8
VEA Vanguard FTSE Developed Markets ETF 0.2 5 64 7.0 -22.1
XCEM Columbia EM Core ex-China ETF 0.2 16 53 7.3 -21.8
EZM WisdomTree U.S. MidCap Fund 0.2 38 31 8.1 -21.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 37 7.6 -21.5
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 6.8 -22.3
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 62 6.9 -22.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 49 6.3 -22.8
DIHP Dimensional International High Profitability ETF 0.2 29 40 6.9 -22.2
ISCG iShares Morningstar Small-Cap Growth ETF 0.2 6 63 2.5 -26.7
BKIE BNY Mellon International Equity ETF 0.2 4 65 6.9 -22.2
EFA iShares MSCI EAFE ETF 0.1 35 34 6.4 -22.7
BKF iShares MSCI BIC ETF 0.1 69 0 7.1 -22.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 39 7.5 -21.6
SCHF Schwab International Equity ETF 0.1 6 63 7.0 -22.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 29 7.8 -21.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 6.7 -22.4
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 52 7.7 -21.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 9.6 -19.5
PKW Invesco Buyback Achievers ETF 0.1 62 7 7.1 -22.0
DWM WisdomTree International Equity Fund 0.1 48 21 7.8 -21.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 7.2 -21.9
VXUS Vanguard Total International Stock ETF 0.1 7 62 7.1 -22.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 44 7.0 -22.1
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 7.0 -22.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 6.7 -22.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 61 7.2 -21.9
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 7.5 -21.6
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 5.4 -23.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 8.6 -20.5
VXF Vanguard Extended Market ETF 0.1 6 63 3.9 -25.2
STXE Strive Emerging Markets Ex-China ETF 0.1 32 37 6.9 -22.2
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 10.9 -18.2
TPIF Timothy Plan International ETF 0.1 62 7 6.7 -22.4
IUS Invesco RAFI Strategic US ETF 0.1 19 50 7.2 -21.9
DFAI Dimensional International Core Equity Market ETF 0.1 18 51 6.9 -22.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 11 10.1 -19.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 49 6.7 -22.4
DWMF WisdomTree International Multifactor Fund 0.1 38 31 7.3 -21.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 8.2 -20.9
IEUR iShares Core MSCI Europe ETF 0.1 11 58 -1.3 -30.4
VIS Vanguard Industrials ETF 0.1 10 59 4.5 -24.6
SPEU SPDR Portfolio Europe ETF 0.1 7 62 6.6 -22.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 6.1 -23.0
VGK Vanguard FTSE Europe ETF 0.1 11 58 6.8 -22.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.7 -23.5
VB Vanguard Small-Cap ETF 0.1 5 64 5.4 -23.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 19 10.5 -18.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.1 51 18 6.8 -22.3
CIL VictoryShares International Volatility Wtd ETF 0.1 45 24 6.9 -22.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 57 7.3 -21.8
ESGD iShares ESG Aware MSCI EAFE ETF 0.1 20 49 6.3 -22.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -1 7.2 -21.9
VDE Vanguard Energy ETF 0.1 10 59 6.8 -22.3
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 61 7.6 -21.5
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 56 7.2 -21.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 6.2 -22.9
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.1 18 51 7.9 -21.2
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 34 7.7 -21.4
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 6.8 -22.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 6.0 -23.1
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 7.6 -21.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 6.3 -22.8
IWO iShares Russell 2000 Growth ETF 0.1 24 45 1.4 -27.7
DFAU Dimensional US Core Equity Market ETF 0.1 12 57 5.4 -23.8
IEV iShares Europe ETF 0.1 67 2 6.1 -23.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 60 5.7 -23.4
VTWG Vanguard Russell 2000 Growth ETF 0.1 15 54 1.7 -27.4
VT Vanguard Total World Stock ETF 0.1 7 62 5.8 -23.3
FLEE Franklin FTSE Europe ETF 0.1 9 60 6.8 -22.3
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 30 7.3 -21.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 37 6.3 -22.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 28 7.8 -21.3
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 21 7.7 -21.4
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 44 6.7 -22.4
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 6.7 -22.4
DEW WisdomTree Global High Dividend Fund 0.1 58 11 9.1 -20.0
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 57 7.1 -22.0
ACWI iShares MSCI ACWI ETF 0.0 32 37 5.5 -23.6
INTF iShares International Equity Factor ETF 0.0 15 54 7.8 -21.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.1 -24.0
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 6.4 -22.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 49 5.6 -23.5
DIVB iShares Core Dividend ETF 0.0 5 64 8.0 -21.1
URTH iShares MSCI World ETF 0.0 24 45 5.4 -23.7
IWV iShares Russell 3000 ETF 0.0 20 49 5.0 -24.1
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 4.7 -24.4
VTHR Vanguard Russell 3000 ETF 0.0 10 59 5.1 -24.0
DFUS Dimensional U.S. Equity ETF 0.0 9 60 5.1 -24.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 7.1 -22.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 36 7.2 -21.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 54 7.1 -22.0
EFG iShares MSCI EAFE Growth ETF 0.0 36 33 4.1 -25.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -6 3.8 -25.4
GLOF iShares Global Equity Factor ETF 0.0 20 49 7.1 -22.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 5.1 -24.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 5.5 -23.6
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 6.5 -22.6
PFM Invesco Dividend Achievers ETF 0.0 53 16 5.7 -23.4
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 7.3 -21.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 4.5 -24.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 5.1 -24.0
TOK iShares MSCI Kokusai ETF 0.0 26 43 5.3 -23.8
VTI Vanguard Total Stock Market ETF 0.0 3 66 5.1 -24.0
DGRO iShares Core Dividend Growth ETF 0.0 8 61 6.5 -22.6
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 5.2 -23.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 6.3 -22.8
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 66 5.4 -23.7
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.2 -22.9
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 5.7 -23.4
PSCE Invesco S&P SmallCap Energy ETF 0.0 29 40 6.0 -23.1
ARB AltShares Merger Arbitrage ETF -0.8 77 -8 -0.2 -29.3

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 27.5 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 29.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.50
 
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.