SonicShares Global Shipping ETF
ALTAR
Score™		 27.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.2x 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) $45
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) $5,621
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
A.P. MOLLER - MAERSK A/S CLASS B 5.4 %
CHINA COSCO HOLDINGS-H 5.1 %
ORIENT OVERSEAS INTL LTD 5.1 %
SITC INTERNATIONAL HOLDINGS 4.8 %
KAWASAKI KISEN KAISHA LTD 4.8 %
HYUNDAI MERCHANT MARINE 4.7 %
MITSUI OSK LINES LTD 4.5 %
WILH. WILHELMSEN ASA 4.4 %
FRONTLINE LTD. 3.9 %
HAFNIA LTD. 3.8 %
Total 46.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 14.4 %
HONG KONG 11.9 %
BERMUDA 10.1 %
JAPAN 9.9 %
NORWAY 8.7 %
CHINA 6.1 %
SOUTH KOREA 5.8 %
MONACO 5.4 %
DENMARK 5.3 %
GREECE 5.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.1% 1.0% -- -- 18.0%

Market Correlations
versus... Beta R-squared
S&P500 0.74 19%
MSCI EAFE 0.75 22%
MSCI Emg. Mkts. 0.61 16%

Technical Indicators
Recent close $31.98
30d moving avg. $30.63
Annualized volatility 25.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.9%
Bid/Ask (% of price) 0.72%
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™: 27.3%


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 9.2 63 6 4.9 -22.4
DEEP Roundhill Acquirers Deep Value ETF 8.7 80 -11 17.0 -10.2
SHPP Pacer Industrials and Logistics ETF 7.0 60 9 8.6 -18.6
SDIV Global X Superdividend ETF 6.8 58 11 41.3 +14.1
SUPL ProShares Supply Chain Logistics ETF 6.6 58 11 11.8 -15.5
ZIG Acquirers Fund 5.6 84 -15 18.0 -9.3
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.3 47 22 8.9 -18.4
FYLD Cambria Foreign Shareholder Yield ETF 5.1 59 10 11.6 -15.6
SFLO VictoryShares Small Cap Free Cash Flow ETF 4.9 49 20 11.2 -16.1
FCA First Trust China AlphaDEX Fund 4.6 80 -11 8.3 -18.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.5 65 4 12.1 -15.2
ABLD Abacus FCF Real Assets Leaders ETF 4.4 69 0 6.7 -20.6
DIV Global X SuperDividend US ETF 4.0 45 24 11.7 -15.5
EFAS Global X MSCI SuperDividend EAFE ETF 3.8 57 12 8.3 -19.0
ISHP First Trust Nasdaq Retail ETF 3.7 60 9 5.4 -21.8
PSCE Invesco S&P SmallCap Energy ETF 3.6 29 40 11.3 -15.9
EDEN iShares MSCI Denmark ETF 3.6 53 16 7.0 -20.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.3 80 -11 10.6 -16.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.3 80 -11 9.1 -18.1
XTN SPDR S&P Transportation ETF 3.2 35 34 4.9 -22.4
FJP First Trust Japan AlphaDEX Fund 3.2 80 -11 8.9 -18.4
NORW Global X MSCI Norway ETF 3.0 50 19 10.6 -16.7
ENOR iShares MSCI Norway ETF 3.0 53 16 10.9 -16.3
DVYE iShares Emerging Markets Dividend ETF 3.0 49 20 18.5 -8.8
ECML Euclidean Fundamental Value ETF 2.9 95 -26 11.1 -16.2
AFSM First Trust Active Factor Small Cap ETF 2.9 75 -6 7.6 -19.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -11 9.6 -17.7
VIDI Vident International Equity Strategy ETF 2.8 61 8 10.9 -16.3
GCOW Pacer Global Cash Cows Dividend ETF 2.8 60 9 10.9 -16.4
DSMC Distillate Small/Mid Cash Flow ETF 2.6 55 14 11.7 -15.5
AVUV Avantis U.S. Small Cap Value ETF 2.6 25 44 9.7 -17.6
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 2.5 59 10 6.1 -21.2
SURE AdvisorShares Insiders Advantage ETF 2.2 90 -21 9.5 -17.8
SMCF Themes US Small Cap Cash Flow Champions ETF 2.1 29 40 11.9 -15.4
AZTD Aztlan Global Stock Selection DM SMID ETF 2.1 75 -6 7.4 -19.9
RFEU First Trust Riverfront Dynamic Europe ETF 2.1 83 -14 10.6 -16.6
RODE Hartford Multifactor Diversified International ETF 2.1 29 40 11.4 -15.9
IVAL Alpha Architect International Quantitative Value ETF 2.1 49 20 9.8 -17.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.1 70 -1 13.1 -14.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.9 67 2 13.6 -13.7
IDOG ALPS International Sector Dividend Dogs ETF 1.8 50 19 12.1 -15.2
SVAL iShares US Small Cap Value Factor ETF 1.8 20 49 10.2 -17.1
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.8 35 34 7.1 -20.1
CALF Pacer US Small Cap Cash Cows 100 ETF 1.8 59 10 10.7 -16.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.7 65 4 4.3 -23.0
XSHQ Invesco S&P SmallCap Quality ETF 1.7 29 40 7.1 -20.2
AVDV Avantis International Small Cap Value ETF 1.6 36 33 9.5 -17.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.5 29 40 8.2 -19.1
NDIV Amplify Natural Resources Dividend Income ETF 1.5 59 10 13.6 -13.6
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 1.5 59 10 4.3 -23.0
DFSV Dimensional US Small Cap Value ETF 1.4 31 38 9.9 -17.4
OAIM OneAscent International Equity ETF 1.4 95 -26 5.7 -21.6
RNIN Bushido Capital US SMID Cap Equity ETF 1.4 70 -1 10.3 -17.0
DLS WisdomTree International SmallCap Dividend Fund 1.4 58 11 8.1 -19.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.4 29 40 7.7 -19.5
PSCI Invesco S&P SmallCap Industrials ETF 1.4 29 40 5.0 -22.2
EWH iShares MSCI Hong Kong ETF 1.3 50 19 5.2 -22.1
VFVA Vanguard U.S. Value Factor ETF 1.3 13 56 10.8 -16.5
OCEN IQ Clean Oceans ETF 1.3 45 24 6.0 -21.2
PSC Principal U.S. Small-Cap ETF 1.3 38 31 6.8 -20.5
UIVM VictoryShares International Value Momentum ETF 1.2 35 34 8.9 -18.3
OBOR KraneShares MSCI One Belt One Road Index ETF 1.2 79 -10 9.0 -18.2
ROAM Hartford Multifactor Emerging Markets ETF 1.2 44 25 12.2 -15.0
RFDI First Trust Riverfront Dynamic Developed International ETF 1.2 83 -14 9.4 -17.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.2 60 9 10.8 -16.5
EMIF iShares Emerging Markets Infrastructure ETF 1.2 60 9 5.0 -22.2
FLHK Franklin FTSE Hong Kong ETF 1.2 9 60 6.7 -20.6
FDLS Inspire Fidelis Multi Factor ETF 1.1 76 -7 5.1 -22.2
IWN iShares Russell 2000 Value ETF 1.1 24 45 7.3 -20.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.1 35 34 9.3 -17.9
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -11 11.2 -16.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 24 10.7 -16.5
VTWV Vanguard Russell 2000 Value ETF 1.1 10 59 7.3 -20.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.1 25 44 7.8 -19.4
DFE WisdomTree Europe SmallCap Dividend Fund 1.0 58 11 8.0 -19.2
AVSC Avantis U.S Small Cap Equity ETF 1.0 25 44 5.5 -21.7
ROSC Hartford Multifactor Small Cap ETF 1.0 34 35 9.2 -18.1
DFAT Dimensional U.S. Targeted Value ETF 1.0 28 41 9.2 -18.1
SYLD Cambria Shareholder Yield ETF 1.0 59 10 11.6 -15.7
FIVA Fidelity International Value Factor ETF 1.0 18 51 9.9 -17.4
SMDV ProShares Russell 2000 Dividend Growers ETF 1.0 40 29 7.3 -20.0
EYLD Cambria Emerging Shareholder Yield ETF 0.9 66 3 12.3 -15.0
COPY Tweedy, Browne Insider + Value ETF 0.9 80 -11 11.8 -15.5
FEP First Trust Europe AlphaDEX Fund 0.9 80 -11 9.1 -18.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 4 8.1 -19.2
EES WisdomTree U.S. SmallCap Fund 0.8 38 31 8.6 -18.6
EIPX FT Energy Income Partners Strategy ETF 0.8 95 -26 7.5 -19.8
IVLU iShares MSCI Intl Value Factor ETF 0.8 30 39 10.4 -16.9
EWJV iShares MSCI Japan Value ETF 0.8 15 54 8.8 -18.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 30 5.3 -22.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.7 52 17 6.3 -20.9
IYT iShares US Transportation ETF 0.7 40 29 5.0 -22.3
CVY Invesco Zacks Multi-Asset Income ETF 0.7 106 -37 12.2 -15.1
FYT First Trust Small Cap Value AlphaDEX Fund 0.7 73 -4 10.5 -16.8
ISRA VanEck Israel ETF 0.7 59 10 7.2 -20.0
DIM WisdomTree International MidCap Dividend Fund 0.7 58 11 7.5 -19.8
FENI Fidelity Enhanced International ETF 0.7 28 41 6.6 -20.7
FNK First Trust Mid Cap Value AlphaDEX Fund 0.7 70 -1 10.8 -16.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 49 5.5 -21.7
FTXR First Trust Nasdaq Transportation ETF 0.7 60 9 8.8 -18.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.7 37 32 8.3 -18.9
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 0.7 35 34 9.0 -18.2
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 22 8.9 -18.3
QLV FlexShares US Quality Low Volatility Index Fund 0.7 22 47 5.6 -21.7
SIXS ETC 6 Meridian Small Cap Equity ETF 0.7 89 -20 9.6 -17.7
DTH WisdomTree International High Dividend Fund 0.7 58 11 8.4 -18.8
VFMF Vanguard U.S. Multifactor ETF 0.7 18 51 7.9 -19.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.7 36 33 10.4 -16.8
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.7 20 49 6.2 -21.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.6 80 -11 5.0 -22.3
RSSL Global X Russell 2000 ETF 0.6 8 61 4.4 -22.9
GREK Global X MSCI Greece ETF 0.6 57 12 10.9 -16.4
EIS iShares MSCI Israel ETF 0.6 58 11 8.0 -19.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -26 11.8 -15.4
WBIY WBI Power Factor High Dividend ETF 0.6 100 -31 14.7 -12.5
CLNR IQ Cleaner Transport ETF 0.6 45 24 6.6 -20.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 50 19 11.1 -16.2
ISMD Inspire Small/Mid Cap ETF 0.6 54 15 5.5 -21.8
FLKR Franklin FTSE South Korea ETF 0.6 9 60 9.4 -17.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 20 6.8 -20.4
DISV Dimensional International Small Cap Value ETF 0.6 42 27 9.1 -18.2
FSMD Fidelity Small-Mid Multifactor ETF 0.6 15 54 7.0 -20.3
GWX SPDR S&P International Small Cap ETF 0.6 40 29 6.0 -21.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 24 8.8 -18.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.5 9 60 9.1 -18.2
IWM iShares Russell 2000 ETF 0.5 19 50 4.3 -23.0
EWY iShares MSCI South Korea ETF 0.5 58 11 8.7 -18.5
IWC iShares Micro-Cap ETF 0.5 60 9 -0.8 -28.1
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 7.7 -19.5
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 17 6.7 -20.5
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 57 7.3 -20.0
IPKW Invesco International BuyBack Achievers ETF 0.5 55 14 12.5 -14.8
VTWO Vanguard Russell 2000 ETF 0.5 7 62 4.3 -22.9
WCEO Hypatia Women CEO ETF 0.5 85 -16 3.7 -23.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.5 35 34 10.0 -17.3
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 51 9.7 -17.6
IJR iShares Core S&P Small Cap ETF 0.5 6 63 7.6 -19.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.5 90 -21 7.0 -20.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 49 20 15.9 -11.3
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 51 5.4 -21.8
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 34 7.7 -19.6
FESM Fidelity Enhanced Small Cap ETF 0.5 28 41 7.2 -20.1
ESIX SPDR S&P SmallCap 600 ESG ETF 0.5 12 57 7.9 -19.4
JPXN iShares JPX-Nikkei 400 ETF 0.5 48 21 6.7 -20.6
BBJP JPMorgan BetaBuilders Japan ETF 0.5 19 50 6.8 -20.5
SLYV SPDR S&P 600 Small Cap Value ETF 0.5 15 54 9.7 -17.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 10 59 9.7 -17.5
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 66 7.6 -19.7
FXI iShares China Large-Cap ETF 0.5 74 -5 18.7 -8.5
SLYG SPDR S&P 600 Small Cap Growth ETF 0.5 15 54 5.5 -21.8
VUSE Vident U.S. Equity Strategy ETF 0.5 50 19 4.5 -22.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 7 62 7.6 -19.7
GXC SPDR S&P China ETF 0.5 59 10 15.4 -11.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 59 5.6 -21.7
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 32 6.0 -21.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.5 47 22 6.2 -21.0
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 27 7.2 -20.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 4.2 -23.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 7.9 -19.3
VWID Virtus WMC International Dividend ETF 0.4 49 20 8.5 -18.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 16.5 -10.8
BFOR ALPS Barron's 400 ETF 0.4 65 4 5.9 -21.4
FCPI Fidelity Stocks for Inflation ETF 0.4 15 54 7.5 -19.7
SQLV Royce Quant Small-Cap Quality Value ETF 0.4 60 9 9.2 -18.1
DFAS Dimensional U.S. Small Cap ETF 0.4 26 43 6.3 -20.9
AFMC First Trust Active Factor Mid Cap ETF 0.4 65 4 8.4 -18.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 30 7.9 -19.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 9.6 -17.7
EWJ iShares MSCI Japan ETF 0.4 50 19 6.2 -21.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.4 35 34 18.6 -8.7
FLJP Franklin FTSE Japan ETF 0.4 9 60 6.3 -20.9
MCH Matthews China Active ETF 0.4 79 -10 14.3 -12.9
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.4 55 14 9.9 -17.3
FLJH Franklin FTSE Japan Hedged ETF 0.4 9 60 6.1 -21.1
VFMV Vanguard U.S. Minimum Volatility ETF 0.4 13 56 5.7 -21.6
JSML Janus Henderson Small Cap Growth Alpha ETF 0.4 30 39 7.8 -19.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 22 8.4 -18.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.4 25 44 7.3 -20.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.4 39 30 6.7 -20.6
SCHC Schwab International Small-Cap Equity ETF 0.4 11 58 6.6 -20.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.4 61 8 5.9 -21.4
JHMD John Hancock Multifactor Developed International ETF 0.4 39 30 7.6 -19.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.4 67 2 9.8 -17.5
EIRL iShares MSCI Ireland ETF 0.4 50 19 8.6 -18.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 30 5.8 -21.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.4 40 29 6.9 -20.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 9 7.3 -20.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.4 32 37 6.0 -21.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 37 16.1 -11.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 9.6 -17.7
EFV iShares MSCI EAFE Value ETF 0.3 34 35 9.1 -18.2
VPL Vanguard FTSE Pacific ETF 0.3 7 62 6.8 -20.4
INEQ Columbia International Equity Income ETF 0.3 45 24 8.1 -19.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 44 6.6 -20.7
IDV iShares International Select Dividend ETF 0.3 51 18 10.6 -16.6
AVDS Avantis International Small Cap Equity ETF 0.3 30 39 7.3 -20.0
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 6.3 -20.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 54 5.9 -21.4
MCHI iShares MSCI China ETF 0.3 59 10 17.7 -9.6
QINT American Century Quality Diversified International ETF 0.3 39 30 7.3 -19.9
DXIV Dimensional International Vector Equity ETF 0.3 34 35 7.8 -19.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 6.6 -20.6
DWM WisdomTree International Equity Fund 0.3 48 21 7.4 -19.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 49 6.2 -21.1
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 6.6 -20.6
STXK Strive Small-Cap ETF 0.3 18 51 5.8 -21.5
DFIV Dimensional International Value ETF 0.3 27 42 9.6 -17.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 39 9.2 -18.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 39 7.0 -20.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 61 6.1 -21.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 20 10.3 -16.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 30 5.8 -21.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 49 7.1 -20.2
EXI iShares Global Industrials ETF 0.3 42 27 4.5 -22.8
ETHO Etho Climate Leadership U.S. ETF 0.3 47 22 5.3 -21.9
CIL VictoryShares International Volatility Wtd ETF 0.3 45 24 6.6 -20.7
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 8.8 -18.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 10.7 -16.6
DXUV Dimensional US Vector Equity ETF 0.2 28 41 6.2 -21.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 57 7.2 -20.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 44 7.1 -20.2
SIXL ETC 6 Meridian Low Beta Equity ETF 0.2 80 -11 6.1 -21.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 29 7.4 -19.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 7.0 -20.3
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 62 10.7 -16.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 9.5 -17.8
IQSI IQ Candriam International Equity ETF 0.2 15 54 6.6 -20.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 65 5.9 -21.3
AVDE Avantis International Equity ETF 0.2 23 46 7.4 -19.9
QDF FlexShares Quality Dividend Index Fund 0.2 37 32 6.2 -21.1
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 9.5 -17.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 7.0 -20.2
DFIS Dimensional International Small Cap ETF 0.2 39 30 7.3 -20.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 4 7.8 -19.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 7.7 -19.6
TPIF Timothy Plan International ETF 0.2 62 7 6.2 -21.0
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 22 5.1 -22.2
DIHP Dimensional International High Profitability ETF 0.2 29 40 7.2 -20.1
VDE Vanguard Energy ETF 0.2 9 60 8.8 -18.4
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 9.4 -17.8
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 63 9.2 -18.0
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 7.4 -19.9
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 7.0 -20.3
FLCH Franklin FTSE China ETF 0.2 19 50 16.0 -11.2
EZM WisdomTree U.S. MidCap Fund 0.2 38 31 9.0 -18.3
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.2 27 42 7.0 -20.3
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 7.0 -20.3
VEA Vanguard FTSE Developed Markets ETF 0.2 3 66 7.2 -20.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 49 6.3 -20.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 7.9 -19.4
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 62 7.9 -19.3
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 52 14.1 -13.2
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 36 8.6 -18.7
XCEM Columbia EM Core ex-China ETF 0.2 16 53 8.4 -18.8
DFJ WisdomTree Japan SmallCap Dividend Fund 0.2 58 11 7.4 -19.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.2 58 11 7.5 -19.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 33 6.5 -20.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 20 10.4 -16.8
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 44 7.3 -19.9
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 27 7.3 -19.9
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 9.6 -17.6
EFA iShares MSCI EAFE ETF 0.2 35 34 6.7 -20.5
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 8.9 -18.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 6.9 -20.4
SCHF Schwab International Equity ETF 0.2 6 63 7.3 -20.0
VXUS Vanguard Total International Stock ETF 0.2 5 64 7.9 -19.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.2 60 9 7.4 -19.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 54 10.4 -16.9
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 56 3.0 -24.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 27 7.2 -20.0
DFAI Dimensional International Core Equity Market ETF 0.2 18 51 7.1 -20.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 39 10.6 -16.7
SCHA Schwab U.S. Small-Cap ETF 0.1 4 65 5.9 -21.4
PKW Invesco Buyback Achievers ETF 0.1 62 7 7.1 -20.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 9.7 -17.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 7.5 -19.8
BKIE BNY Mellon International Equity ETF 0.1 4 65 7.0 -20.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 33 8.0 -19.3
EBI Longview Advantage ETF 0.1 35 34 6.5 -20.8
BKF iShares MSCI BIC ETF 0.1 69 0 13.8 -13.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 8.1 -19.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 7.8 -19.5
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 10.5 -16.8
ISCB iShares Morningstar Small-Cap ETF 0.1 4 65 6.2 -21.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 10.2 -17.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 33 10.0 -17.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 7.9 -19.4
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 11.9 -15.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 40 6.6 -20.6
VBR Vanguard Small Cap Value ETF 0.1 7 62 9.1 -18.2
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 10.6 -16.6
SPEU SPDR Portfolio Europe ETF 0.1 7 62 7.4 -19.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.8 -21.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 7.4 -19.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 10.5 -16.8
VGK Vanguard FTSE Europe ETF 0.1 6 63 7.5 -19.8
IEUR iShares Core MSCI Europe ETF 0.1 11 58 7.4 -19.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.9 -21.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 8.1 -19.2
AVIV Avantis International Large Cap Value ETF 0.1 25 44 8.6 -18.7
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 5.5 -21.7
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 31 8.7 -18.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 9.0 -18.3
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 7.7 -19.6
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 56 6.3 -20.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 11 6.9 -20.3
VSGX Vanguard ESG International Stock ETF 0.1 10 59 7.7 -19.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 39 6.6 -20.7
AVUS Avantis U.S. Equity ETF 0.1 15 54 5.7 -21.5
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 7.5 -19.8
VXF Vanguard Extended Market ETF 0.1 5 64 4.7 -22.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 44 8.2 -19.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 6.2 -21.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 5.5 -21.8
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 6.3 -21.0
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 6.0 -21.3
IEV iShares Europe ETF 0.1 67 2 6.9 -20.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 6 13.3 -14.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 7.8 -19.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 34 7.1 -20.1
VB Vanguard Small-Cap ETF 0.1 5 64 6.1 -21.1
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 11.1 -16.2
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 10.3 -16.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.6 -21.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 10.2 -17.1
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 13.4 -13.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 6.7 -20.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 44 7.8 -19.5
VIS Vanguard Industrials ETF 0.1 9 60 4.5 -22.8
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -56 5.3 -22.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.9 -24.4
IGE iShares North American Natural Resources ETF 0.1 41 28 7.5 -19.8
VT Vanguard Total World Stock ETF 0.1 6 63 5.9 -21.4
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 7.2 -20.0
FLEE Franklin FTSE Europe ETF 0.1 9 60 7.3 -20.0
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 53 8.6 -18.7
GLOF iShares Global Equity Factor ETF 0.1 20 49 6.5 -20.8
ACWI iShares MSCI ACWI ETF 0.1 32 37 5.5 -21.7
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 5.3 -21.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 65 6.1 -21.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.1 58 11 7.1 -20.2
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 46 8.2 -19.1
IUS Invesco RAFI Strategic US ETF 0.0 19 50 6.9 -20.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 31 9.3 -18.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 5.7 -21.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 30 6.8 -20.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -1 7.8 -19.5
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 57 7.4 -19.9
URTH iShares MSCI World ETF 0.0 24 45 5.1 -22.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.4 -21.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 8.8 -18.5
AVSD Avantis Responsible International Equity ETF 0.0 23 46 5.7 -21.6
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 5.0 -22.3
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 7.0 -20.2
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 6.6 -20.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 37 9.3 -17.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 6.4 -20.8
DXJ WisdomTree Japan Hedged Equity Fund 0.0 48 21 7.5 -19.8
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 4.4 -22.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 3.7 -23.6
INTF iShares International Equity Factor ETF 0.0 15 54 7.6 -19.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 7.2 -20.0
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 9.4 -17.8
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.8 -22.5
IWV iShares Russell 3000 ETF 0.0 20 49 4.7 -22.5
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.8 -22.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 39 5.5 -21.8
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 7.2 -20.1
TOK iShares MSCI Kokusai ETF 0.0 26 43 5.0 -22.2
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 5.2 -22.1
DEW WisdomTree Global High Dividend Fund 0.0 58 11 8.4 -18.9
GVLU Gotham 1000 Value ETF 0.0 50 19 8.9 -18.4
DIVB iShares Core Dividend ETF 0.0 5 64 8.0 -19.2
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 5.6 -21.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 7.9 -19.3
PFM Invesco Dividend Achievers ETF 0.0 53 16 5.3 -22.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 8.7 -18.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.9 -22.4
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 66 5.1 -22.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 28 6.8 -20.5
AVES Avantis Emerging Markets Value ETF 0.0 36 33 11.1 -16.2
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 6.3 -21.0
DGRO iShares Core Dividend Growth ETF 0.0 8 61 6.5 -20.7
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 5.0 -22.3
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.9 -22.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 5.3 -21.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.7 -22.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 4.5 -22.7
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.3 -20.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.9 -22.4

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 18.2 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 27.3 %
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.