Goldman Sachs Motif New Age Consumer ETF
ALTAR
Score™
1.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
75.9x P/Sales
ratio
2.5x
P/BV
ratio
7.1x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Motif New Age Consumer Index.

FUND BASICS
Category Global Equities
Fund Sponsor Goldman Sachs
Website www.gsam.com
Inception date Mar 01, 2019
Assets (mns) $61
Currency USD
Expense ratio 50 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 119
Wgt avg mkt cap (mns) $142,393
Large cap (>$10bn) 68.5%
Mid cap ($2-10bn) 23.7%
Small cap (<$2bn) 4.2%
Developed mkts 75.6%
Emerging mkts 24.4%

TOP TEN HOLDINGS
AMAZON.COM INC 3.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.1 %
FACEBOOK 3.0 %
TENCENT HOLDINGS LTD 2.8 %
MEITUAN DIANPING 2.8 %
SEA LTD. (SINGAPORE) SPONSORED ADR 2.5 %
JD.COM INC-ADR 2.5 %
NETFLIX INC 2.2 %
PELOTON INTERACTIVE, INC. CLASS A 2.0 %
WAYFAIR INC- CLASS A 1.9 %
Total 26.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 44.3 %
CHINA 26.4 %
JAPAN 9.0 %
GERMANY 5.7 %
BRITAIN 4.8 %
SINGAPORE 2.5 %
LUXEMBOURG 1.5 %
ARGENTINA 1.1 %
ISRAEL 1.0 %
FRANCE 0.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
43.2% 57.7% -- -- 40.0%

Market Correlations
versus... Beta R-squared
S&P500 1.11 84%
MSCI EAFE 1.14 78%
MSCI Emg. Mkts. 0.88 75%

Technical Indicators
Recent close $81.83
30d moving avg. $81.14
Annualized volatility 25.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $8,431

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Goldman Sachs Motif New Age Consumer ETF ETF based on the alternatives' overlap in portfolio holdings with GBUY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GBUY Expense: 50 bp ALTAR Score™: 1.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GBUY
Ticker Fund
Name
Overlap1
vs GBUY
(%)
Expense
ratio
(bp)
Savings
vs GBUY
(bp)
ALTAR
Score™
(%)
ALTAR
vs GBUY
(%)
OGIG O'Shares Global Internet Giants ETF 42.0 48 2 0.8 -1.0
BUYZ Franklin Disruptive Commerce ETF 35.1 50 0 -0.2 -1.9
PNQI Invesco NASDAQ Internet ETF 32.4 60 -10 1.0 -0.8
GENY Principal Millennials Index ETF 32.2 45 5 4.1 +2.4
IBUY Amplify Online Retail ETF 31.7 65 -15 -1.2 -3.0
MILN Global X Millennials Thematic ETF 28.9 50 0 2.8 +1.0
GIGE SoFi Gig Economy ETF 27.7 59 -9 -0.7 -2.4
FDNI First Trust Dow Jones International Internet ETF 26.3 65 -15 2.2 +0.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 25.6 86 -36 2.3 +0.5
TTTN UP Fintech China-U.S. Internet Titans ETF 25.1 59 -9 4.3 +2.5
EBIZ Global X E-Commerce ETF 24.3 50 0 2.7 +0.9
KWEB KraneShares CSI China Internet ETF 23.0 76 -26 2.0 +0.2
CCON Direxion Connected Consumer ETF 22.0 45 5 1.4 -0.4
AIQ Global X Future Analytics Tech ETF 21.1 68 -18 4.1 +2.3
XBUY Amplify International Online Retail ETF 20.4 69 -19 -0.5 -2.3
ARKW ARK Web x.0 ETF 20.1 76 -26 -0.9 -2.7
PLAT WisdomTree Modern Tech Platforms Fund 20.0 20 30 1.8 +0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.0 32 18 6.1 +4.3
JOYY Infusive Compounding Global Equities ETF 19.4 50 0 6.1 +4.3
GVIP Goldman Sachs Hedge Industry VIP ETF 19.3 45 5 3.9 +2.2
ARKF ARK Fintech Innovation ETF 19.0 75 -25 0.7 -1.1
WUGI Esoterica NextG Economy ETF 18.7 75 -25 1.6 -0.2
SOCL Global X Social Media ETF 18.6 65 -15 1.8 +0.0
MCHI iShares MSCI China ETF 18.3 59 -9 8.1 +6.3
CHIQ Global X China Consumer ETF 18.1 65 -15 7.4 +5.7
XWEB SPDR S&P Internet ETF 18.0 35 15 -0.2 -2.0
FLCH Franklin FTSE China ETF 18.0 19 31 8.6 +6.8
FNI First Trust Chindia ETF 17.8 60 -10 2.6 +0.9
ECON Columbia Emerging Markets Consumer ETF 17.6 59 -9 4.6 +2.9
CHIL Global X MSCI China Large-Cap 50 ETF 17.6 29 21 8.0 +6.2
XITK SPDR FactSet Innovative Technology ETF 17.6 45 5 0.5 -1.3
GXC SPDR S&P China ETF 17.4 59 -9 8.3 +6.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 17.2 60 -10 3.6 +1.8
EEMO Invesco S&P Emerging Markets Momentum ETF 17.2 29 21 6.5 +4.8
FDN First Trust Dow Jones Internet Index Fund 17.0 52 -2 2.1 +0.3
JHMC John Hancock Multifactor Consumer Discretionary ETF 16.9 40 10 4.1 +2.4
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 16.8 99 -49 2.0 +0.3
BKF iShares MSCI BRIC ETF 16.1 69 -19 7.7 +6.0
KALL KraneShares FTSE Emerging Markets Plus ETF 16.1 49 1 8.3 +6.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.7 35 15 4.4 +2.7
FXD First Trust Consumer Discretionary AlphaDEX Fund 15.7 64 -14 5.6 +3.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.7 59 -9 4.2 +2.4
FCOM Fidelity MSCI Telecommunication Services Index ETF 15.7 8 42 5.0 +3.2
DWLD Davis Select Worldwide ETF 15.7 63 -13 6.7 +4.9
SLT Salt TruBeta High Exposure ETF 15.6 29 21 8.8 +7.1
VOX Vanguard Telecommunication Services Index Fund 15.4 10 40 4.8 +3.1
ESPO VanEck Vectors Video Gaming & eSports ETF 15.4 55 -5 2.6 +0.9
XNTK SPDR NYSE Technology ETF 15.3 35 15 4.0 +2.2
PGJ Invesco Golden Dragon China ETF 15.2 70 -20 3.3 +1.6
CN Xtrackers MSCI All China Equity ETF 15.0 50 0 8.4 +6.6
JHCS John Hancock Multifactor Media & Communications ETF 14.9 40 10 5.3 +3.5
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 14.8 60 -10 0.3 -1.5
THNQ ROBO Global Artificial Intelligence ETF 14.3 68 -18 1.5 -0.2
HERO Global X Video Games & Esports ETF 14.2 50 0 2.9 +1.1
MMLG First Trust Multi-Manager Large Growth ETF 13.9 85 -35 2.5 +0.8
IXP iShares Global Comm Services ETF 13.8 46 4 5.8 +4.0
BFIT Global X Health & Wellness Thematic ETF 13.8 50 0 4.7 +2.9
VCR Vanguard Consumer Discretionary Index Fund 13.5 10 40 3.8 +2.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 13.5 32 18 6.0 +4.3
RXI iShares Global Consumer Discretionary ETF 13.5 46 4 4.8 +3.1
GMF SPDR S&P Emerging Asia Pacific ETF 13.2 49 1 7.5 +5.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 13.1 18 32 5.5 +3.7
QYLD Global X NASDAQ 100 Covered Call ETF 12.9 60 -10 5.4 +3.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 12.9 75 -25 4.1 +2.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.8 60 -10 4.5 +2.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 12.7 60 -10 5.3 +3.6
EEMA iShares MSCI Emerging Markets Asia ETF 12.7 50 0 7.8 +6.0
QQQ Invesco QQQ Trust 12.7 20 30 5.7 +3.9
NUSI Nationwide Risk-Managed Income ETF 12.7 68 -18 5.5 +3.7
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 12.6 25 25 1.9 +0.2
ENTR Entrepreneur 30 Fund 12.6 49 1 1.3 -0.4
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 12.4 59 -9 4.0 +2.3
ALFA AlphaClone Alternative Alpha ETF 12.4 65 -15 -0.2 -2.0
IGM iShares Expanded Tech Sector ETF 12.3 46 4 5.2 +3.5
IRBO iShares Robotics & Artificial Intelligence ETF 12.3 47 3 2.8 +1.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.2 68 -18 7.2 +5.5
FDIS Fidelity MSCI Consumer Discretionary Index ETF 12.2 8 42 3.4 +1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.1 30 20 7.9 +6.2
SCHE Schwab Emerging Markets Equity ETF 12.0 11 39 8.2 +6.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 12.0 15 35 8.9 +7.1
FLAX Franklin FTSE Asia Ex Japan ETF 11.9 19 31 7.9 +6.1
GAMR ETFMG Video Game Tech ETF 11.9 75 -25 2.3 +0.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 11.8 21 29 3.5 +1.7
ONLN ProShares Online Retail ETF 11.6 58 -8 0.8 -0.9
SPEM SPDR Portfolio Emerging Markets ETF 11.6 11 39 8.1 +6.4
BICK First Trust BICK Index Fund 11.5 64 -14 4.6 +2.9
VWO Vanguard FTSE Emerging Markets ETF 11.5 10 40 8.2 +6.5
EEM iShares MSCI Emerging Markets ETF 11.5 68 -18 7.6 +5.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.5 65 -15 7.6 +5.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 11.4 36 14 7.7 +5.9
EMMF WisdomTree Emerging Markets Multifactor Fund 11.3 48 2 9.7 +7.9
JHEM John Hancock Multifactor Emerging Markets ETF 11.3 49 1 8.8 +7.0
TECB iShares US Tech Breakthrough Multisector ETF 11.2 40 10 4.7 +2.9
FTCS First Trust Capital Strength ETF 11.2 58 -8 5.0 +3.3
ESGE iShares ESG MSCI EM ETF 11.1 25 25 8.8 +7.1
XRT SPDR S&P Retail ETF 11.0 35 15 5.4 +3.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.0 95 -45 8.4 +6.6
SPMO Invesco S&P 500 Momentum ETF 11.0 13 37 5.8 +4.0
IEMG iShares Core MSCI Emerging Markets ETF 11.0 13 37 8.1 +6.3

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Goldman Sachs Motif New Age Consumer ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.4 %
Divided by: Fwd. P/BV 6.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 1.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.