SonicShares Global Shipping ETF
ALTAR
Score™		 25.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.3x P/Sales
ratio		 0.8x
P/BV
ratio		 0.7x Div.
yield		 6.7%


  • 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 45
Wgt avg mkt cap (mns) $5,045
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 5.5 %
MITSUI OSK LINES LTD 5.2 %
FRONTLINE LTD. 5.2 %
KAWASAKI KISEN KAISHA LTD 5.1 %
HYUNDAI MERCHANT MARINE 4.8 %
EURONAV SA 4.8 %
SITC INTERNATIONAL HOLDINGS 4.7 %
ORIENT OVERSEAS INTL LTD 4.6 %
MATSON INC 4.5 %
HAFNIA LTD. 3.8 %
Total 48.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 16.7 %
JAPAN 11.3 %
HONG KONG 10.8 %
BERMUDA 9.1 %
NORWAY 7.6 %
SOUTH KOREA 6.0 %
MONACO 5.6 %
DENMARK 5.5 %
CHINA 5.4 %
GREECE 4.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.8% 22.8% -- -- 18.6%

Market Correlations
versus... Beta R-squared
S&P500 0.71 35%
MSCI EAFE 0.82 33%
MSCI Emg. Mkts. 0.73 31%

Technical Indicators
Recent close $33.70
30d moving avg. $31.72
Annualized volatility 23.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.7%
Bid/Ask (% of price) 0.89%
ADV underlying (mns) $884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 367 potential alternatives to the SonicShares Global Shipping ETF ETF based on the alternatives' overlap in portfolio holdings with BOAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BOAT Expense: 69 bp ALTAR Score™: 25.0%


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
(%)
PXJ Invesco Oil & Gas Services ETF 9.6 63 6 3.5 -21.5
DEEP Roundhill Acquirers Deep Value ETF 9.2 80 -11 17.4 -7.6
SUPL ProShares Supply Chain Logistics ETF 7.9 58 11 9.3 -15.7
SHPP Pacer Industrials and Logistics ETF 6.8 60 9 7.5 -17.5
FYLD Cambria Foreign Shareholder Yield ETF 5.1 59 10 10.4 -14.6
BSVO EA Bridgeway Omni Small-Cap Value ETF 4.6 47 22 8.2 -16.8
ISHP First Trust Nasdaq Retail ETF 4.5 60 9 5.0 -20.0
FCA First Trust China AlphaDEX Fund 4.3 80 -11 8.5 -16.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.9 80 -11 8.4 -16.6
SIXS ETC 6 Meridian Small Cap Equity ETF 3.7 89 -20 8.6 -16.4
EFAS Global X MSCI SuperDividend EAFE ETF 3.7 57 12 7.7 -17.3
XTN State Street SPDR S&P Transportation ETF 3.5 35 34 3.7 -21.3
PSCE Invesco S&P SmallCap Energy ETF 3.4 29 40 9.0 -16.0
ZIG Acquirers Fund 3.4 84 -15 17.7 -7.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.2 67 2 13.4 -11.6
DSMC Distillate Small/Mid Cash Flow ETF 3.2 55 14 11.4 -13.6
EDEN iShares MSCI Denmark ETF 3.0 53 16 5.4 -19.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.0 80 -11 9.5 -15.5
DIV Global X SuperDividend US ETF 3.0 45 24 10.7 -14.3
AFSM First Trust Active Factor Small Cap ETF 2.8 75 -6 6.5 -18.5
FJP First Trust Japan AlphaDEX Fund 2.8 80 -11 7.3 -17.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -11 7.4 -17.6
ABLD Abacus FCF Real Assets Leaders ETF 2.8 69 0 6.3 -18.7
GCOW Pacer Global Cash Cows Dividend ETF 2.8 60 9 9.7 -15.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.6 65 4 9.8 -15.2
VIDI Vident International Equity Strategy ETF 2.6 61 8 9.3 -15.7
AVUV Avantis U.S. Small Cap Value ETF 2.6 25 44 8.6 -16.4
DFE WisdomTree Europe SmallCap Dividend Fund 2.5 58 11 7.3 -17.7
SDIV Global X Superdividend ETF 2.4 58 11 15.5 -9.5
SMCF Themes US Small Cap Cash Flow Champions ETF 2.4 29 40 10.6 -14.4
SVAL iShares US Small Cap Value Factor ETF 2.3 20 49 7.9 -17.1
UIVM VictoryShares International Value Momentum ETF 2.2 35 34 7.6 -17.4
SURE AdvisorShares Insiders Advantage ETF 2.0 90 -21 8.3 -16.7
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 19 10.7 -14.3
FYT First Trust Small Cap Value AlphaDEX Fund 2.0 73 -4 10.4 -14.6
IVAL Alpha Architect International Quantitative Value ETF 2.0 49 20 9.0 -16.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 9 9.8 -15.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.9 70 -1 11.7 -13.3
NORW Global X MSCI Norway ETF 1.9 50 19 9.5 -15.5
ENOR iShares MSCI Norway ETF 1.9 53 16 9.3 -15.7
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.9 35 34 6.5 -18.5
OCEN IQ Clean Oceans ETF 1.8 45 24 5.0 -20.0
ECML Euclidean Fundamental Value ETF 1.8 95 -26 8.8 -16.2
AVDV Avantis International Small Cap Value ETF 1.7 36 33 7.7 -17.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.7 58 11 7.3 -17.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.6 47 22 7.0 -18.0
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 22 7.6 -17.4
EMIF iShares Emerging Markets Infrastructure ETF 1.6 60 9 3.1 -21.9
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 6.7 -18.3
EWK iShares MSCI Belgium ETF 1.5 50 19 4.0 -21.0
DLS WisdomTree International SmallCap Dividend Fund 1.5 58 11 7.2 -17.8
OAIM OneAscent International Equity ETF 1.5 95 -26 4.6 -20.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.4 29 40 7.0 -18.0
DFSV Dimensional US Small Cap Value ETF 1.4 31 38 9.2 -15.8
AKAF The Frontier Economic Fund 1.4 20 49 5.5 -19.5
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.4 49 20 9.8 -15.2
AVSC Avantis U.S Small Cap Equity ETF 1.3 25 44 4.6 -20.4
EWH iShares MSCI Hong Kong ETF 1.3 50 19 4.9 -20.1
DVYE iShares Emerging Markets Dividend ETF 1.3 49 20 16.8 -8.2
PSCI Invesco S&P SmallCap Industrials ETF 1.2 29 40 4.8 -20.2
EIPX FT Energy Income Partners Strategy ETF 1.2 95 -26 7.3 -17.7
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -11 10.2 -14.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.1 29 40 6.9 -18.1
VTWV Vanguard Russell 2000 Value ETF 1.1 10 59 5.8 -19.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.1 35 34 6.5 -18.5
IWN iShares Russell 2000 Value ETF 1.1 24 45 5.8 -19.2
PSC Principal U.S. Small-Cap ETF 1.1 38 31 5.9 -19.1
FDM First Trust Dow Jones Select MicroCap Index Fund 1.1 60 9 7.1 -17.9
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.1 59 10 5.4 -19.6
SYLD Cambria Shareholder Yield ETF 1.0 59 10 11.0 -14.0
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -14 8.0 -17.0
SMDV ProShares Russell 2000 Dividend Growers ETF 1.0 40 29 7.0 -18.0
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.0 65 4 4.0 -21.0
CGV Conductor Global Equity Value ETF 1.0 130 -61 6.9 -18.1
FYX First Trust Small Cap Core AlphaDEX Fund 1.0 61 8 5.0 -20.0
DFAT Dimensional U.S. Targeted Value ETF 1.0 28 41 8.9 -16.1
JPIN J.P. Morgan Diversified Return International Equity ETF 1.0 37 32 7.3 -17.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 44 6.9 -18.1
FEP First Trust Europe AlphaDEX Fund 0.9 80 -11 6.9 -18.1
CLNR IQ Cleaner Transport ETF 0.9 45 24 4.9 -20.1
VWID Virtus WMC International Dividend ETF 0.9 49 20 7.4 -17.6
FTXR First Trust Nasdaq Transportation ETF 0.9 60 9 6.8 -18.2
WCEO Hypatia Women CEO ETF 0.9 85 -16 2.9 -22.1
EES WisdomTree U.S. SmallCap Fund 0.9 38 31 7.6 -17.4
ROSC Hartford Multifactor Small Cap ETF 0.8 34 35 8.0 -17.0
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 3 10.7 -14.3
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -11 10.3 -14.7
FIVA Fidelity International Value Factor ETF 0.8 18 51 8.1 -16.9
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 25 10.3 -14.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -10 7.1 -17.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 4 7.1 -17.9
GWX SPDR S&P International Small Cap ETF 0.8 40 29 6.0 -19.0
SIXL ETC 6 Meridian Low Beta Equity ETF 0.8 80 -11 5.8 -19.2
ISRA VanEck Israel ETF 0.7 59 10 5.8 -19.2
ABLS Abacus FCF Small Cap Leaders ETF 0.7 59 10 5.2 -19.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.7 52 17 5.6 -19.4
VFVA Vanguard U.S. Value Factor ETF 0.7 13 56 9.4 -15.6
IJS iShares S&P Small-Cap 600 Value ETF 0.7 18 51 8.7 -16.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 19 9.2 -15.8
GREK Global X MSCI Greece ETF 0.7 57 12 9.4 -15.6
IYT iShares US Transportation ETF 0.7 40 29 4.4 -20.6
ICPY Tweedy, Browne International Insider Value ETF 0.7 80 -11 10.0 -15.0
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 39 8.7 -16.3
QINT American Century Quality Diversified International ETF 0.7 39 30 6.2 -18.8
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.7 15 54 8.7 -16.3
EIS iShares MSCI Israel ETF 0.7 58 11 6.1 -18.9
EWJV iShares MSCI Japan Value ETF 0.7 15 54 7.4 -17.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 30 5.8 -19.2
VFMF Vanguard U.S. Multifactor ETF 0.6 18 51 6.7 -18.3
DTH WisdomTree International High Dividend Fund 0.6 58 11 7.5 -17.5
ISMD Inspire Small/Mid Cap ETF 0.6 54 15 4.7 -20.3
AVDS Avantis International Small Cap Equity ETF 0.6 30 39 6.0 -19.0
DISV Dimensional International Small Cap Value ETF 0.6 42 27 8.0 -17.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 33 9.6 -15.4
RSSL Global X Russell 2000 ETF 0.6 8 61 3.2 -21.8
VUSE Vident U.S. Equity Strategy ETF 0.6 50 19 3.5 -21.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 30 2.7 -22.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 24 9.4 -15.6
XJR iShares ESG Screened S&P Small-Cap ETF 0.6 12 57 6.7 -18.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -26 10.2 -14.8
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.5 59 10 8.7 -16.3
IWM iShares Russell 2000 ETF 0.5 19 50 3.1 -21.9
AFMC First Trust Active Factor Mid Cap ETF 0.5 65 4 7.0 -18.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.5 10 59 4.8 -20.2
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.5 12 57 7.2 -17.8
IJR iShares Core S&P Small Cap ETF 0.5 6 63 6.7 -18.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 49 5.6 -19.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 49 4.8 -20.2
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 34 6.8 -18.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 24 7.5 -17.5
CALF Pacer US Small Cap Cash Cows 100 ETF 0.5 59 10 9.2 -15.8
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 7 62 6.7 -18.3
DIM WisdomTree International MidCap Dividend Fund 0.5 58 11 6.5 -18.5
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.5 55 14 9.2 -15.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 20 6.2 -18.8
IPKW Invesco International BuyBack Achievers ETF 0.5 55 14 8.0 -17.0
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 6.8 -18.2
VTWO Vanguard Russell 2000 ETF 0.5 7 62 3.3 -21.7
VFMV Vanguard U.S. Minimum Volatility ETF 0.5 13 56 5.3 -19.7
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 66 6.7 -18.3
IWC iShares Micro-Cap ETF 0.5 60 9 -1.3 -26.3
FSMD Fidelity Small-Mid Multifactor ETF 0.5 15 54 6.1 -18.9
INEQ Columbia International Equity Income ETF 0.5 45 24 7.5 -17.5
DFAS Dimensional U.S. Small Cap ETF 0.5 26 43 5.8 -19.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.5 10 59 8.6 -16.4
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 17 6.2 -18.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 44 6.4 -18.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 34 8.7 -16.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 44 6.2 -18.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 30 5.3 -19.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 6.9 -18.1
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.4 20 49 5.5 -19.5
SCHC Schwab International Small-Cap Equity ETF 0.4 11 58 6.8 -18.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.4 67 2 8.8 -16.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 60 8.4 -16.6
JPXN iShares JPX-Nikkei 400 ETF 0.4 48 21 5.7 -19.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 30 6.8 -18.2
GXC SPDR S & P China ETF 0.4 59 10 14.2 -10.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 8.2 -16.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 3.5 -21.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 20 13.6 -11.4
FXI iShares China Large-Cap ETF 0.4 74 -5 15.6 -9.4
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 27 6.6 -18.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 30 14.4 -10.6
EWJ iShares MSCI Japan ETF 0.3 50 19 5.2 -19.8
EIRL iShares MSCI Ireland ETF 0.3 50 19 7.1 -17.9
WBIY WBI Power Factor High Dividend ETF 0.3 100 -31 12.4 -12.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 22 4.9 -20.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 29 6.2 -18.8
SMLF iShares U.S. SmallCap Equity Factor ETF 0.3 15 54 5.2 -19.8
STXK Strive Small-Cap ETF 0.3 18 51 5.3 -19.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 8.4 -16.6
BBJP JPMorgan BetaBuilders Japan ETF 0.3 19 50 5.8 -19.2
DXIV Dimensional International Vector Equity ETF 0.3 34 35 6.7 -18.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 34 11.8 -13.2
GLOF iShares Global Equity Factor ETF 0.3 20 49 5.9 -19.1
FLKR Franklin FTSE South Korea ETF 0.3 9 60 5.8 -19.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 65 5.1 -19.9
FESM Fidelity Enhanced Small Cap ETF 0.3 28 41 2.8 -22.2
AVES Avantis Emerging Markets Value ETF 0.3 36 33 9.5 -15.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 30 4.3 -20.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.3 18 51 4.6 -20.4
AVDE Avantis International Equity ETF 0.3 23 46 6.4 -18.6
FENI Fidelity Enhanced International ETF 0.3 28 41 5.6 -19.4
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 5.7 -19.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 4 7.1 -17.9
EFV iShares MSCI EAFE Value ETF 0.3 34 35 7.8 -17.2
VPL Vanguard FTSE Pacific ETF 0.3 7 62 5.8 -19.2
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.3 15 54 4.7 -20.3
INTF iShares International Equity Factor ETF 0.3 15 54 6.6 -18.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 61 6.5 -18.5
EWY iShares MSCI South Korea ETF 0.3 58 11 5.0 -20.0
DFIV Dimensional International Value ETF 0.3 27 42 8.1 -16.9
ETHO Etho Climate Leadership U.S. ETF 0.3 47 22 4.7 -20.3
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 31 8.2 -16.8
FLJH Franklin FTSE Japan Hedged ETF 0.3 9 60 5.4 -19.6
DFIS Dimensional International Small Cap ETF 0.3 39 30 6.2 -18.8
IDV iShares International Select Dividend ETF 0.3 51 18 9.6 -15.4
FLJP Franklin FTSE Japan ETF 0.3 9 60 5.5 -19.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 9.4 -15.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 5.7 -19.3
OPTZ Optimize Strategy Index ETF 0.3 50 19 4.2 -20.8
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 5.3 -19.7
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 7.3 -17.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.2 30 39 6.0 -19.0
DXUV Dimensional US Vector Equity ETF 0.2 28 41 5.2 -19.8
EBI Longview Advantage ETF 0.2 35 34 5.8 -19.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 37 11.2 -13.8
EXI iShares Global Industrials ETF 0.2 42 27 3.7 -21.3
MCHI iShares MSCI China ETF 0.2 59 10 15.1 -9.9
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 62 9.2 -15.8
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 22 5.0 -20.0
CIL VictoryShares International Volatility Wtd ETF 0.2 45 24 5.8 -19.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 20 8.3 -16.7
DWMF WisdomTree International Multifactor Fund 0.2 38 31 6.4 -18.6
ISCV iShares Morningstar Small Cap Value ETF 0.2 6 63 7.5 -17.5
VDE Vanguard Energy ETF 0.2 9 60 8.3 -16.7
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 8.3 -16.7
IQSI IQ Candriam International Equity ETF 0.2 15 54 5.6 -19.4
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 57 6.8 -18.2
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 6.4 -18.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 6.0 -19.0
TPIF Timothy Plan International ETF 0.2 62 7 5.4 -19.6
FLCH Franklin FTSE China ETF 0.2 19 50 14.0 -11.0
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 8.2 -16.8
AVIV Avantis International Large Cap Value ETF 0.2 25 44 7.5 -17.5
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.2 27 42 6.7 -18.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 6.5 -18.5
DIHP Dimensional International High Profitability ETF 0.2 29 40 5.8 -19.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 49 6.0 -19.0
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -56 6.1 -18.9
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 44 6.3 -18.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 5.6 -19.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 8.4 -16.6
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 6.1 -18.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 7.4 -17.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 36 7.0 -18.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 6.6 -18.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 7.2 -17.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 40 6.8 -18.2
PKW Invesco Buyback Achievers ETF 0.2 62 7 7.0 -18.0
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 49 5.4 -19.6
FTHF First Trust Emerging Markets Human Flourishing ETF 0.2 75 -6 7.5 -17.5
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 6.1 -18.9
VEA Vanguard FTSE Developed Markets ETF 0.2 3 66 6.1 -18.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 5.8 -19.2
JHMD John Hancock Multifactor Developed International ETF 0.2 39 30 6.5 -18.5
SCHA Schwab U.S. Small-Cap ETF 0.1 4 65 4.9 -20.1
EFA iShares MSCI EAFE ETF 0.1 35 34 5.8 -19.2
DFAI Dimensional International Core Equity Market ETF 0.1 18 51 6.0 -19.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 33 5.8 -19.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 39 7.6 -17.4
BKIE BNY Mellon International Equity ETF 0.1 4 65 6.0 -19.0
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 62 6.7 -18.3
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 11 6.5 -18.5
SCHF Schwab International Equity ETF 0.1 6 63 6.2 -18.8
XCEM Columbia EM Core ex-China ETF 0.1 16 53 6.6 -18.4
VXUS Vanguard Total International Stock ETF 0.1 5 64 6.8 -18.2
ISCB iShares Morningstar Small-Cap ETF 0.1 4 65 5.1 -19.9
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 52 11.3 -13.7
VBR Vanguard Small Cap Value ETF 0.1 7 62 7.9 -17.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 44 6.7 -18.3
BKF iShares MSCI BIC ETF 0.1 69 0 11.7 -13.3
DEW WisdomTree Global High Dividend Fund 0.1 58 11 7.6 -17.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 8.4 -16.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 33 8.0 -17.0
SPEU SPDR Portfolio Europe ETF 0.1 7 62 6.3 -18.7
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 46 7.4 -17.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 20 7.9 -17.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 6.8 -18.2
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 9.5 -15.5
VGK Vanguard FTSE Europe ETF 0.1 6 63 6.4 -18.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.6 -19.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 6.4 -18.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 6.5 -18.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 6.5 -18.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 7.6 -17.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 54 8.4 -16.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 39 8.1 -16.9
VXF Vanguard Extended Market ETF 0.1 5 64 3.9 -21.1
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 29 9.2 -15.8
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 29 4.2 -20.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 29 6.4 -18.6
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 4.7 -20.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 7.9 -17.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 7.5 -17.5
AVUS Avantis U.S. Equity ETF 0.1 15 54 4.9 -20.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 6.5 -18.5
IEUR iShares Core MSCI Europe ETF 0.1 11 58 6.3 -18.7
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 6.4 -18.6
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 8.1 -16.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 5.5 -19.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 11 5.8 -19.2
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 8.5 -16.5
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 6.4 -18.6
VSGX Vanguard ESG International Stock ETF 0.1 10 59 6.7 -18.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.1 -19.9
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 5.4 -19.6
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 10.5 -14.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -1 3.3 -21.7
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 6.3 -18.7
IEV iShares Europe ETF 0.1 67 2 5.8 -19.2
VB Vanguard Small-Cap ETF 0.1 5 64 5.3 -19.7
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 4.6 -20.4
VIS Vanguard Industrials ETF 0.1 9 60 3.7 -21.3
DWM WisdomTree International Equity Fund 0.1 48 21 6.4 -18.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 7.5 -17.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 4.7 -20.3
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 5.0 -20.0
IGE iShares North American Natural Resources ETF 0.1 41 28 6.5 -18.5
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 9.4 -15.6
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 6.2 -18.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 5.9 -19.1
FLEE Franklin FTSE Europe ETF 0.1 9 60 6.3 -18.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 6.5 -18.5
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 9.0 -16.0
VT Vanguard Total World Stock ETF 0.1 6 63 5.1 -19.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 34 6.3 -18.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 44 5.9 -19.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 8.2 -16.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 5.0 -20.0
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 21 5.7 -19.3
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 6.0 -19.0
ACWI iShares MSCI ACWI ETF 0.0 32 37 4.7 -20.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 44 5.8 -19.2
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 57 6.5 -18.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 5.6 -19.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 6.9 -18.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 37 7.0 -18.0
JHSC John Hancock Multifactor Small Cap ETF 0.0 42 27 5.8 -19.2
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 63 2.5 -22.5
IUS Invesco RAFI Strategic US ETF 0.0 19 50 6.0 -19.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 4.3 -20.7
URTH iShares MSCI World ETF 0.0 24 45 4.4 -20.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -1 6.9 -18.1
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 6.3 -18.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 6.4 -18.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 4.9 -20.1
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 39 4.7 -20.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 24 6.0 -19.0
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 3.7 -21.3
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 6.4 -18.6
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 7.4 -17.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 30 5.9 -19.1
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.1 -20.9
IWV iShares Russell 3000 ETF 0.0 20 49 4.0 -21.0
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.2 -20.8
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 35 5.1 -19.9
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 4.5 -20.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 3.1 -21.9
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 4.9 -20.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 6.1 -18.9
TOK iShares MSCI Kokusai ETF 0.0 26 43 4.3 -20.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 7.1 -17.9
PFM Invesco Dividend Achievers ETF 0.0 53 16 4.6 -20.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.2 -20.8
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 66 4.4 -20.6
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 5.6 -19.4
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.2 -20.8
AVSD Avantis Responsible International Equity ETF 0.0 23 46 4.7 -20.3
GVLU Gotham 1000 Value ETF 0.0 50 19 8.2 -16.8
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 4.3 -20.7
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.1 -20.9
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 4.5 -20.5
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 3.4 -21.6
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 5.5 -19.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.2 -20.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 SonicShares Global Shipping ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.4 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 25.0 %
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.