SonicShares Global Shipping ETF
ALTAR
Score™		 20.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.3x P/Sales
ratio		 1.3x
P/BV
ratio		 1.0x Div.
yield		 3.9%


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

FUND BASICS
Category Global Equities
Fund Sponsor Toroso Investments
Website www.sonicshares.com/boat/
Inception date Aug 03, 2021
Assets (mns) $74
Currency USD
Expense ratio 69 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 45
Wgt avg mkt cap (mns) $5,292
Large cap (>$10bn) 24.2%
Mid cap ($2-10bn) 37.6%
Small cap (<$2bn) 37.4%
Developed mkts 82.3%
Emerging mkts 17.8%

TOP TEN HOLDINGS
FRONTLINE LTD. 5.7 %
A.P. MOLLER - MAERSK A/S CLASS B 5.0 %
MITSUI OSK LINES LTD 5.0 %
MATSON INC 4.8 %
KAWASAKI KISEN KAISHA LTD 4.8 %
HYUNDAI MERCHANT MARINE 4.6 %
SITC INTERNATIONAL HOLDINGS 4.6 %
EURONAV SA 4.3 %
SCORPIO TANKERS INC 4.3 %
ORIENT OVERSEAS INTL LTD 4.3 %
Total 47.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 17.6 %
HONG KONG 10.4 %
JAPAN 10.3 %
BERMUDA 9.6 %
NORWAY 8.0 %
MONACO 5.7 %
SOUTH KOREA 5.6 %
CHINA 5.6 %
GREECE 4.9 %
DENMARK 4.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
32.8% 69.1% -- -- 25.4%

Market Correlations
versus... Beta R-squared
S&P500 0.76 39%
MSCI EAFE 0.86 37%
MSCI Emg. Mkts. 0.77 35%

Technical Indicators
Recent close $41.91
30d moving avg. $36.88
Annualized volatility 23.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 81

Liquidity measures
Avg. volume (thou.) 54
Turnover 3.0%
Bid/Ask (% of price) 0.61%
ADV underlying (mns) $884

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™: 20.6%


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 9.8 63 6 2.8 -17.8
SUPL ProShares Supply Chain Logistics ETF 7.9 58 11 7.5 -13.1
SHPP Pacer Industrials and Logistics ETF 6.8 60 9 6.7 -13.9
FYLD Cambria Foreign Shareholder Yield ETF 5.1 59 10 10.0 -10.6
BSVO EA Bridgeway Omni Small-Cap Value ETF 5.1 47 22 8.1 -12.5
ISHP First Trust Nasdaq Retail ETF 4.5 60 9 5.0 -15.6
ZIG Acquirers Fund 4.0 84 -15 19.7 -0.9
XTN State Street SPDR S&P Transportation ETF 4.0 35 34 3.5 -17.1
EFAS Global X MSCI SuperDividend EAFE ETF 3.7 57 12 7.3 -13.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.7 80 -11 6.9 -13.7
SIXS ETC 6 Meridian Small Cap Equity ETF 3.7 89 -20 7.9 -12.8
DSMC Distillate Small/Mid Cash Flow ETF 3.7 55 14 11.2 -9.4
PSCE Invesco S&P SmallCap Energy ETF 3.5 29 40 7.3 -13.3
EDEN iShares MSCI Denmark ETF 3.4 53 16 6.4 -14.2
AFSM First Trust Active Factor Small Cap ETF 3.3 75 -6 6.1 -14.5
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.2 65 4 5.1 -15.5
FCA First Trust China AlphaDEX Fund 3.2 80 -11 6.5 -14.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.1 67 2 11.9 -8.7
FJP First Trust Japan AlphaDEX Fund 3.1 80 -11 6.7 -13.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.0 80 -11 8.4 -12.3
DIV Global X SuperDividend US ETF 3.0 45 24 9.4 -11.2
SDIV Global X Superdividend ETF 2.7 58 11 12.8 -7.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.6 80 -11 6.3 -14.3
GCOW Pacer Global Cash Cows Dividend ETF 2.6 60 9 8.7 -11.9
VIDI Vident International Equity Strategy ETF 2.6 61 8 8.1 -12.5
SVAL iShares US Small Cap Value Factor ETF 2.6 20 49 7.6 -13.0
AVUV Avantis U.S. Small Cap Value ETF 2.6 25 44 8.3 -12.3
DFE WisdomTree Europe SmallCap Dividend Fund 2.5 58 11 7.1 -13.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.5 65 4 7.5 -13.1
FYT First Trust Small Cap Value AlphaDEX Fund 2.3 73 -4 10.2 -10.4
EMIF iShares Emerging Markets Infrastructure ETF 2.2 60 9 2.4 -18.3
UIVM VictoryShares International Value Momentum ETF 2.2 35 34 7.8 -12.8
ECML Euclidean Fundamental Value ETF 2.1 95 -26 8.9 -11.7
SURE AdvisorShares Insiders Advantage ETF 2.0 90 -21 8.0 -12.6
IDOG ALPS International Sector Dividend Dogs ETF 1.9 50 19 9.1 -11.5
NORW Global X MSCI Norway ETF 1.9 50 19 7.8 -12.8
ENOR iShares MSCI Norway ETF 1.9 53 16 7.8 -12.8
SMCF Themes US Small Cap Cash Flow Champions ETF 1.9 29 40 10.3 -10.3
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.9 35 34 6.3 -14.3
IVAL Alpha Architect International Quantitative Value ETF 1.9 49 20 7.2 -13.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.9 60 9 9.3 -11.3
OCEN IQ Clean Oceans ETF 1.8 45 24 4.5 -16.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.8 70 -1 8.9 -11.7
MLPI NEOS MLP & Engy Infras Hi Inc ETF 1.7 68 1 4.1 -16.6
AVDV Avantis International Small Cap Value ETF 1.7 36 33 7.3 -13.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.7 58 11 7.3 -13.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.6 47 22 7.3 -13.3
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 22 7.5 -13.2
DFSV Dimensional US Small Cap Value ETF 1.6 31 38 9.0 -11.6
XSHQ Invesco S&P SmallCap Quality ETF 1.6 29 40 6.8 -13.8
DLS WisdomTree International SmallCap Dividend Fund 1.5 58 11 7.0 -13.6
AKAF The Frontier Economic Fund 1.5 20 49 4.9 -15.7
OAIM OneAscent International Equity ETF 1.5 95 -26 4.5 -16.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.4 29 40 6.6 -14.0
EWK iShares MSCI Belgium ETF 1.4 50 19 3.8 -16.8
EWH iShares MSCI Hong Kong ETF 1.4 50 19 4.8 -15.8
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.4 49 20 8.5 -12.1
VTWV Vanguard Russell 2000 Value ETF 1.3 10 59 5.2 -15.4
WBIY WBI Power Factor High Dividend ETF 1.3 100 -31 11.8 -8.8
AVSC Avantis U.S Small Cap Equity ETF 1.3 25 44 4.9 -15.7
IWN iShares Russell 2000 Value ETF 1.3 24 45 5.0 -15.6
DVYE iShares Emerging Markets Dividend ETF 1.3 49 20 16.8 -3.8
EIPX FT Energy Income Partners Strategy ETF 1.2 95 -26 5.8 -14.8
SYLD Cambria Shareholder Yield ETF 1.2 59 10 10.5 -10.1
PSCI Invesco S&P SmallCap Industrials ETF 1.2 29 40 4.5 -16.1
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.2 59 10 4.8 -15.9
FYX First Trust Small Cap Core AlphaDEX Fund 1.2 61 8 5.7 -14.9
FDM First Trust Dow Jones Select MicroCap Index Fund 1.2 60 9 7.0 -13.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.1 29 40 6.8 -13.8
DFAT Dimensional U.S. Targeted Value ETF 1.1 28 41 8.7 -11.9
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -11 8.8 -11.8
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.1 35 34 6.0 -14.6
PSC Principal U.S. Small-Cap ETF 1.1 38 31 3.8 -16.8
FTXR First Trust Nasdaq Transportation ETF 1.0 60 9 6.6 -14.0
COPY Tweedy, Browne Insider + Value ETF 1.0 80 -11 14.9 -5.7
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -14 7.4 -13.2
SMDV ProShares Russell 2000 Dividend Growers ETF 1.0 40 29 6.9 -13.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.0 65 4 3.9 -16.7
CGV Conductor Global Equity Value ETF 1.0 130 -61 6.9 -13.7
JPIN J.P. Morgan Diversified Return International Equity ETF 1.0 37 32 6.7 -13.9
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.9 25 44 8.0 -12.6
CLNR IQ Cleaner Transport ETF 0.9 45 24 3.9 -16.8
FEP First Trust Europe AlphaDEX Fund 0.9 80 -11 6.5 -14.1
VWID Virtus WMC International Dividend ETF 0.9 49 20 7.0 -13.6
WCEO Hypatia Women CEO ETF 0.9 85 -16 4.9 -15.7
ICPY Tweedy, Browne International Insider Value ETF 0.9 80 -11 21.2 +0.6
IJS iShares S&P Small-Cap 600 Value ETF 0.9 18 51 9.3 -11.4
EES WisdomTree U.S. SmallCap Fund 0.9 38 31 8.2 -12.4
GWX SPDR S&P International Small Cap ETF 0.8 40 29 5.5 -15.1
IYT iShares US Transportation ETF 0.8 40 29 4.4 -16.2
ROSC Hartford Multifactor Small Cap ETF 0.8 34 35 7.4 -13.2
ABLD Abacus FCF Real Assets Leaders ETF 0.8 69 0 5.8 -14.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.8 10 59 9.3 -11.3
FIVA Fidelity International Value Factor ETF 0.8 18 51 7.1 -13.5
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 25 7.7 -12.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 4 7.5 -13.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -10 6.4 -14.2
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.8 15 54 9.3 -11.3
ABLS Abacus FCF Small Cap Leaders ETF 0.8 59 10 4.7 -15.9
ISRA VanEck Israel ETF 0.8 59 10 6.1 -14.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.8 52 17 5.4 -15.2
SIXL ETC 6 Meridian Low Beta Equity ETF 0.8 80 -11 5.6 -15.0
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 3 9.1 -11.5
VFVA Vanguard U.S. Value Factor ETF 0.7 13 56 9.5 -11.2
VUSE Vident U.S. Equity Strategy ETF 0.7 50 19 3.7 -16.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 19 8.0 -12.6
RSSL Global X Russell 2000 ETF 0.7 8 61 2.9 -17.8
GREK Global X MSCI Greece ETF 0.7 57 12 9.3 -11.3
QINT American Century Quality Diversified International ETF 0.7 39 30 6.4 -14.2
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 39 7.8 -12.8
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 0.7 59 10 8.5 -12.2
DISV Dimensional International Small Cap Value ETF 0.7 42 27 7.7 -12.9
XJR iShares ESG Screened S&P Small-Cap ETF 0.7 12 57 6.5 -14.1
EIS iShares MSCI Israel ETF 0.7 58 11 6.5 -14.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 30 5.9 -14.7
VFMF Vanguard U.S. Multifactor ETF 0.6 18 51 6.7 -13.9
IWM iShares Russell 2000 ETF 0.6 19 50 2.8 -17.8
DTH WisdomTree International High Dividend Fund 0.6 58 11 7.0 -13.6
ISMD Inspire Small/Mid Cap ETF 0.6 54 15 5.5 -15.1
AFMC First Trust Active Factor Mid Cap ETF 0.6 65 4 7.2 -13.5
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.6 12 57 6.9 -13.7
CALF Pacer US Small Cap Cash Cows 100 ETF 0.6 59 10 9.4 -11.2
AVDS Avantis International Small Cap Equity ETF 0.6 30 39 5.7 -14.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.6 36 33 8.8 -11.8
EWJV iShares MSCI Japan Value ETF 0.6 15 54 6.6 -14.0
IJR iShares Core S&P Small Cap ETF 0.6 6 63 6.6 -14.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.6 39 30 2.4 -18.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.6 7 62 6.5 -14.1
HWSM Hotchkis & Wiley SMID Cap Diversified Value ETF 0.6 55 14 9.0 -11.7
VTWO Vanguard Russell 2000 ETF 0.6 7 62 2.9 -17.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.6 45 24 9.2 -11.4
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.6 3 66 6.6 -14.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -26 10.1 -10.5
IWC iShares Micro-Cap ETF 0.6 60 9 -1.4 -22.0
DFAS Dimensional U.S. Small Cap ETF 0.5 26 43 5.6 -15.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 49 5.3 -15.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 49 4.2 -16.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.5 20 49 5.4 -15.2
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.5 35 34 6.4 -14.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 24 6.6 -14.0
DIM WisdomTree International MidCap Dividend Fund 0.5 58 11 5.9 -14.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 20 5.7 -14.9
IPKW Invesco International BuyBack Achievers ETF 0.5 55 14 7.7 -12.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 54 6.5 -14.1
VFMV Vanguard U.S. Minimum Volatility ETF 0.5 13 56 5.5 -15.1
FAB First Trust Multi Cap Value AlphaDEX Fund 0.5 67 2 8.6 -12.0
FSMD Fidelity Small-Mid Multifactor ETF 0.5 15 54 6.6 -14.0
INEQ Columbia International Equity Income ETF 0.5 45 24 7.3 -13.3
TPSC Timothy Plan US Small Cap Core ETF 0.5 52 17 6.6 -14.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.5 25 44 6.1 -14.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.4 35 34 7.5 -13.1
GXC SPDR S & P China ETF 0.4 59 10 16.7 -3.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 44 5.9 -14.7
SCHC Schwab International Small-Cap Equity ETF 0.4 11 58 6.2 -14.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 30 6.4 -14.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 60 6.4 -14.2
LQPE PEO AlphaQuest Thematic PE ETF 0.4 125 -56 5.1 -15.5
EIRL iShares MSCI Ireland ETF 0.4 50 19 7.1 -13.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.4 9 60 7.2 -13.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 30 6.6 -14.0
STXK Strive Small-Cap ETF 0.4 18 51 5.2 -15.4
IEUS iShares MSCI Europe Small-Cap ETF 0.4 42 27 6.4 -14.2
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 54 5.1 -15.5
JPXN iShares JPX-Nikkei 400 ETF 0.4 48 21 5.2 -15.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 60 4.0 -16.7
FXI iShares China Large-Cap ETF 0.4 74 -5 19.2 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 44 7.3 -13.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 20 13.1 -7.5
EBI Longview Advantage ETF 0.4 35 34 6.1 -14.6
DXIV Dimensional International Vector Equity ETF 0.4 34 35 6.3 -14.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 30 13.4 -7.2
IJT iShares S&P Small-Cap 600 Growth ETF 0.3 18 51 3.8 -16.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 29 5.9 -14.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.3 10 59 3.8 -16.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 0.3 47 22 4.7 -15.9
ETHO Etho Climate Leadership U.S. ETF 0.3 47 22 4.5 -16.1
EWJ iShares MSCI Japan ETF 0.3 50 19 4.8 -15.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.3 39 30 7.8 -12.8
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.3 15 54 3.8 -16.8
BBJP JPMorgan BetaBuilders Japan ETF 0.3 19 50 5.1 -15.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 61 6.0 -14.6
GLOF iShares Global Equity Factor ETF 0.3 20 49 5.7 -14.9
DFIS Dimensional International Small Cap ETF 0.3 39 30 5.8 -14.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 4 6.5 -14.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 65 5.4 -15.2
FLKR Franklin FTSE South Korea ETF 0.3 9 60 4.8 -15.9
FESM Fidelity Enhanced Small Cap ETF 0.3 28 41 2.5 -18.2
AVES Avantis Emerging Markets Value ETF 0.3 36 33 8.5 -12.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 30 3.7 -16.9
AVDE Avantis International Equity ETF 0.3 23 46 5.9 -14.7
FENI Fidelity Enhanced International ETF 0.3 28 41 5.5 -15.1
IPAC iShares Core MSCI Pacific ETF 0.3 9 60 5.3 -15.3
EFV iShares MSCI EAFE Value ETF 0.3 34 35 7.2 -13.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 34 10.8 -9.8
DXUV Dimensional US Vector Equity ETF 0.3 28 41 5.3 -15.3
DFIV Dimensional International Value ETF 0.3 27 42 7.5 -13.1
DES WisdomTree U.S. SmallCap Dividend Fund 0.3 38 31 8.3 -12.3
FLJH Franklin FTSE Japan Hedged ETF 0.3 9 60 5.1 -15.5
INTF iShares International Equity Factor ETF 0.3 15 54 6.3 -14.3
SMOX Horizon Small/Mid Cap Core Equity ETF 0.3 75 -6 5.4 -15.2
VPL Vanguard FTSE Pacific ETF 0.3 7 62 5.2 -15.4
FLJP Franklin FTSE Japan ETF 0.3 9 60 5.2 -15.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 25 8.8 -11.8
ISCV iShares Morningstar Small Cap Value ETF 0.3 6 63 7.8 -12.8
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 62 9.2 -11.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 39 5.8 -14.8
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 40 5.2 -15.4
AVEM Avantis Emerging Markets Equity ETF 0.3 33 36 7.1 -13.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.3 35 34 5.4 -15.2
OPTZ Optimize Strategy Index ETF 0.2 50 19 3.9 -16.7
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.2 12 57 3.6 -17.1
EWY iShares MSCI South Korea ETF 0.2 58 11 3.7 -16.9
MCHI iShares MSCI China ETF 0.2 59 10 18.1 -2.5
EPP iShares MSCI Pacific ex-Japan ETF 0.2 47 22 4.7 -15.9
IDV iShares International Select Dividend ETF 0.2 51 18 8.7 -11.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.2 32 37 12.9 -7.7
EXI iShares Global Industrials ETF 0.2 42 27 3.4 -17.3
VDE Vanguard Energy ETF 0.2 9 60 6.9 -13.7
CIL VictoryShares International Volatility Wtd ETF 0.2 45 24 5.7 -14.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 20 7.5 -13.1
DWMF WisdomTree International Multifactor Fund 0.2 38 31 6.3 -14.3
DFIC Dimensional International Core Equity 2 ETF 0.2 23 46 5.9 -14.7
FENY Fidelity MSCI Energy Index ETF 0.2 8 61 6.9 -13.7
IQSI IQ Candriam International Equity ETF 0.2 15 54 5.3 -15.3
WSML iShares MSCI World Small-Cap ETF 0.2 15 54 5.3 -15.3
SFGV Sequoia Global Value ETF 0.2 23 46 6.9 -13.7
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 20 8.6 -12.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 66 5.7 -14.9
TPIF Timothy Plan International ETF 0.2 62 7 5.3 -15.4
FLCH Franklin FTSE China ETF 0.2 19 50 16.0 -4.6
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 7.7 -12.9
DIHP Dimensional International High Profitability ETF 0.2 29 40 5.4 -15.2
AVIV Avantis International Large Cap Value ETF 0.2 25 44 6.6 -14.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.2 27 42 6.2 -14.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 45 6.1 -14.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 49 5.5 -15.1
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 44 5.9 -14.7
SCHA Schwab U.S. Small-Cap ETF 0.2 4 65 4.6 -16.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 0.2 25 44 5.3 -15.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 39 6.2 -14.4
IEFA iShares Core MSCI EAFE ETF 0.2 7 62 5.8 -14.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.2 19 50 7.3 -13.3
AVSE Avantis Responsible Emerging Markets Equity ETF 0.2 33 36 6.7 -13.9
VEA Vanguard FTSE Developed Markets ETF 0.2 3 66 5.8 -14.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -1 7.1 -13.5
ISCB iShares Morningstar Small-Cap ETF 0.2 4 65 5.5 -15.2
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 29 40 7.5 -13.1
PKW Invesco Buyback Achievers ETF 0.2 62 7 7.1 -13.5
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 65 5.8 -14.8
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.2 20 49 5.3 -15.3
VBR Vanguard Small Cap Value ETF 0.2 7 62 7.8 -12.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 49 5.6 -15.0
JHMD John Hancock Multifactor Developed International ETF 0.2 39 30 5.9 -14.7
DFAI Dimensional International Core Equity Market ETF 0.1 18 51 5.8 -14.9
EFA iShares MSCI EAFE ETF 0.1 35 34 5.5 -15.1
FTHF First Trust Emerging Markets Human Flourishing ETF 0.1 75 -6 6.0 -14.6
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 44 6.2 -14.4
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 62 6.4 -14.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 33 5.3 -15.3
BKIE BNY Mellon International Equity ETF 0.1 4 65 5.7 -14.9
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 11 6.1 -14.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 39 7.8 -12.8
VXUS Vanguard Total International Stock ETF 0.1 5 64 6.5 -14.1
SCHF Schwab International Equity ETF 0.1 6 63 5.8 -14.8
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 52 11.6 -9.0
VXF Vanguard Extended Market ETF 0.1 5 64 3.9 -16.7
XCEM Columbia EM Core ex-China ETF 0.1 16 53 5.1 -15.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 20 7.7 -12.9
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 46 6.9 -13.7
BKF iShares MSCI BIC ETF 0.1 69 0 12.9 -7.7
SPEU SPDR Portfolio Europe ETF 0.1 7 62 6.1 -14.5
DEW WisdomTree Global High Dividend Fund 0.1 58 11 7.1 -13.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 24 8.1 -12.5
VGK Vanguard FTSE Europe ETF 0.1 6 63 6.2 -14.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 33 7.7 -13.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 65 6.6 -14.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.1 17 52 4.8 -15.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 47 5.4 -15.2
DFUV Dimensional US Marketwide Value ETF 0.1 22 47 6.3 -14.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 28 6.0 -14.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 51 6.2 -14.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 35 6.2 -14.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 3 7.5 -13.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 54 8.0 -12.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 39 8.1 -12.5
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 44 9.0 -11.6
DFEV Dimensional Emerging Markets Value ETF 0.1 43 26 9.7 -10.9
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 29 7.3 -13.3
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 29 4.1 -16.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 29 5.4 -15.2
AVUS Avantis U.S. Equity ETF 0.1 15 54 4.9 -15.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 58 7.9 -12.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 10 8.3 -12.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 6.4 -14.2
IEUR iShares Core MSCI Europe ETF 0.1 11 58 6.1 -14.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -1 3.8 -16.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 31 7.0 -13.6
EEM iShares MSCI Emerging Markets ETF 0.1 69 0 7.8 -12.8
DCOR Dimensional US Core Equity 1 ETF 0.1 14 55 4.7 -15.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 55 5.1 -15.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.1 58 11 5.9 -14.7
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 39 5.2 -15.4
VB Vanguard Small-Cap ETF 0.1 5 64 5.3 -15.3
VSGX Vanguard ESG International Stock ETF 0.1 10 59 6.4 -14.2
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 39 6.3 -14.4
VIS Vanguard Industrials ETF 0.1 9 60 3.5 -17.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 39 5.0 -15.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 54 5.7 -14.9
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 60 8.2 -12.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 34 6.4 -14.2
IEV iShares Europe ETF 0.1 67 2 5.6 -15.1
DWM WisdomTree International Equity Fund 0.1 48 21 5.3 -15.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 44 5.0 -15.6
AVSU Avantis Responsible U.S. Equity ETF 0.1 15 54 5.2 -15.5
IGE iShares North American Natural Resources ETF 0.1 41 28 5.3 -15.3
SCHE Schwab Emerging Markets Equity ETF 0.1 11 58 9.2 -11.4
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 62 8.9 -11.7
VT Vanguard Total World Stock ETF 0.1 6 63 5.1 -15.5
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 60 5.9 -14.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 23 5.4 -15.2
FLEE Franklin FTSE Europe ETF 0.1 9 60 6.0 -14.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 54 8.8 -11.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 44 6.3 -14.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 57 4.8 -15.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 63 2.8 -17.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 36 6.8 -13.8
DXJ WisdomTree Japan Hedged Equity Fund 0.1 48 21 5.2 -15.4
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 57 6.3 -14.3
SCJ iShares MSCI Japan Small-Cap ETF 0.0 50 19 5.3 -15.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 57 4.4 -16.2
VYM Vanguard High Dividend Yield Index ETF 0.0 6 63 6.0 -14.6
ACWI iShares MSCI ACWI ETF 0.0 32 37 4.7 -15.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 44 6.3 -14.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.0 25 44 5.3 -15.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 40 5.7 -14.9
JHSC John Hancock Multifactor Small Cap ETF 0.0 42 27 6.0 -14.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.0 33 36 6.3 -14.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 37 7.5 -13.2
IUS Invesco RAFI Strategic US ETF 0.0 19 50 5.8 -14.8
URTH iShares MSCI World ETF 0.0 24 45 4.4 -16.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 60 4.9 -15.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 -1 6.2 -14.4
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 34 7.0 -13.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 44 6.4 -14.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 39 4.5 -16.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 24 5.5 -15.1
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 61 3.4 -17.2
DFUS Dimensional U.S. Equity ETF 0.0 9 60 4.2 -16.4
IWV iShares Russell 3000 ETF 0.0 20 49 4.1 -16.5
VTHR Vanguard Russell 3000 ETF 0.0 7 62 4.3 -16.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 35 5.8 -14.8
VIG Vanguard Dividend Appreciation ETF 0.0 5 64 4.9 -15.8
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 51 0.0 -20.6
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 35 4.9 -15.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 28 6.8 -13.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 60 4.5 -16.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 48 3.1 -17.5
TOK iShares MSCI Kokusai ETF 0.0 26 43 4.4 -16.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 16 5.3 -15.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 66 4.3 -16.3
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 66 4.5 -16.1
VTI Vanguard Total Stock Market ETF 0.0 3 66 4.2 -16.4
PFM Invesco Dividend Achievers ETF 0.0 53 16 4.6 -16.0
SCHB Schwab U.S. Broad Market ETF 0.0 3 66 4.3 -16.3
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 41 5.7 -15.0
AVSD Avantis Responsible International Equity ETF 0.0 23 46 5.7 -14.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 60 4.3 -16.3
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 51 4.7 -15.9
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 57 3.7 -16.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 5.3 -15.3
GVLU Gotham 1000 Value ETF 0.0 50 19 7.9 -12.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 58 4.3 -16.4

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 20.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 20.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

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

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

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

 

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