Goldman Sachs Motif New Age Consumer ETF
ALTAR
Score™
2.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
66.1x P/Sales
ratio
2.1x
P/BV
ratio
5.9x Div.
yield
0.4%


  • 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) $23
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 120
Wgt avg mkt cap (mns) $117,965
Large cap (>$10bn) 65.8%
Mid cap ($2-10bn) 27.8%
Small cap (<$2bn) 5.0%
Developed mkts 77.0%
Emerging mkts 23.0%

TOP TEN HOLDINGS
FACEBOOK 3.3 %
AMAZON.COM INC 3.2 %
ALIBABA GROUP HOLDING LTD. SPONSOR 2.9 %
TENCENT HOLDINGS LTD 2.9 %
NETFLIX INC 2.4 %
JD.COM INC-ADR 2.3 %
MEITUAN DIANPING 2.2 %
PINDUODUO, INC. SPONSORED ADR CLAS 2.0 %
NIKE INC -CL B 1.9 %
SEA LTD. (SINGAPORE) SPONSORED ADR 1.6 %
Total 24.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 44.1 %
CHINA 25.8 %
JAPAN 9.0 %
GERMANY 5.8 %
BRITAIN 4.6 %
SINGAPORE 1.6 %
LUXEMBOURG 1.4 %
ARGENTINA 1.1 %
ISRAEL 1.1 %
FRANCE 0.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.6% 29.3% -- -- 19.7%

Market Correlations
versus... Beta R-squared
S&P500 1.10 89%
MSCI EAFE 1.08 79%
MSCI Emg. Mkts. 0.86 73%

Technical Indicators
Recent close $66.10
30d moving avg. $60.07
Annualized volatility 25.9%
Short interest (ETF) 2.6%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.7%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $52,778

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 2.1%


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 36.3 48 2 0.5 -1.6
GENY Principal Millennials Index ETF 34.3 45 5 4.0 +1.9
BUYZ Franklin Disruptive Commerce ETF 32.6 50 0 -0.1 -2.3
PNQI Invesco NASDAQ Internet ETF 32.2 62 -12 1.2 -0.9
IBUY Amplify Online Retail ETF 29.9 65 -15 -1.5 -3.7
MILN Global X Millennials Thematic ETF 28.2 50 0 2.6 +0.5
TTTN UP Fintech China-U.S. Internet Titans ETF 27.3 59 -9 5.0 +2.9
FDNI First Trust Dow Jones International Internet ETF 26.0 65 -15 2.8 +0.7
GIGE SoFi Gig Economy ETF 25.5 59 -9 -0.6 -2.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 23.8 86 -36 2.3 +0.2
JOYY Infusive Compounding Global Equities ETF 23.6 50 0 3.9 +1.8
PLAT WisdomTree Modern Tech Platforms Fund 23.4 45 5 1.3 -0.9
EBIZ Global X E-Commerce ETF 22.4 50 0 3.0 +0.9
KWEB KraneShares CSI China Internet ETF 22.1 76 -26 3.4 +1.3
AIQ Global X Future Analytics Tech ETF 20.9 68 -18 4.2 +2.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.0 32 18 7.0 +4.8
SOCL Global X Social Media ETF 19.4 65 -15 2.3 +0.2
ONLN ProShares Online Retail ETF 19.1 58 -8 1.6 -0.5
XWEB SPDR S&P Internet ETF 19.0 35 15 0.6 -1.5
XBUY Amplify International Online Retail ETF 18.8 69 -19 -1.1 -3.2
ARKW ARK Web x.0 ETF 18.2 76 -26 -0.8 -3.0
ARKF ARK Fintech Innovation ETF 17.7 75 -25 0.8 -1.3
FNI First Trust Chindia ETF 17.1 59 -9 3.4 +1.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 17.0 60 -10 3.5 +1.4
JHCS John Hancock Multifactor Media & Communications ETF 16.5 40 10 5.6 +3.5
XITK SPDR FactSet Innovative Technology ETF 16.4 45 5 0.4 -1.7
GVIP Goldman Sachs Hedge Industry VIP ETF 16.4 45 5 5.0 +2.9
FLCH Franklin FTSE China ETF 16.3 19 31 9.2 +7.1
FDN First Trust Dow Jones Internet Index Fund 16.2 52 -2 2.5 +0.4
GXC SPDR S&P China ETF 16.1 59 -9 8.9 +6.8
XNTK SPDR Morgan Stanley Technology ETF 15.9 35 15 4.0 +1.9
CHIQ Global X China Consumer ETF 15.9 65 -15 9.2 +7.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.8 60 -10 4.1 +2.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.8 35 15 4.3 +2.2
PGJ Invesco Golden Dragon China ETF 15.7 70 -20 3.4 +1.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 15.4 80 -30 1.7 -0.4
ESPO VanEck Vectors Video Gaming & eSports ETF 15.4 55 -5 3.0 +0.8
CHIL Global X MSCI China Large-Cap 50 ETF 15.2 29 21 9.5 +7.4
DWLD Davis Select Worldwide ETF 15.1 64 -14 6.6 +4.5
MCHI iShares MSCI China ETF 15.1 59 -9 9.1 +7.0
FCOM Fidelity MSCI Telecommunication Services Index ETF 14.5 8 42 5.1 +3.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 14.4 64 -14 7.9 +5.8
KALL KraneShares FTSE Emerging Markets Plus ETF 14.4 49 1 9.2 +7.0
VOX Vanguard Telecommunication Services Index Fund 14.3 10 40 4.9 +2.8
GAMR ETFMG Video Game Tech ETF 14.3 75 -25 3.5 +1.4
IXP iShares Global Comm Services ETF 14.3 46 4 5.8 +3.7
BFIT Global X Health & Wellness Thematic ETF 13.9 50 0 4.9 +2.8
HERO Global X Video Games & Esports ETF 13.9 50 0 3.1 +0.9
ECON Columbia Emerging Markets Consumer ETF 13.7 59 -9 4.9 +2.8
QYLD Global X NASDAQ 100 Covered Call ETF 13.4 60 -10 3.7 +1.6
JHMC John Hancock Multifactor Consumer Discretionary ETF 13.3 40 10 4.4 +2.2
BICK First Trust BICK Index Fund 13.3 64 -14 4.4 +2.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 13.1 75 -25 3.7 +1.6
NUSI Nationwide Risk-Managed Income ETF 13.1 68 -18 3.7 +1.5
QQQ Invesco QQQ Trust 13.0 20 30 4.1 +2.0
JKE iShares Morningstar Large-Cap Growth ETF 12.8 25 25 3.5 +1.4
FTCS First Trust Capital Strength ETF 12.8 60 -10 4.9 +2.7
WCHN WisdomTree ICBCCS S&P China 500 Fund 12.7 55 -5 9.2 +7.1
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 12.6 25 25 2.3 +0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.5 32 18 6.8 +4.7
BKF iShares MSCI BRIC ETF 12.5 69 -19 8.5 +6.3
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.5 18 32 6.1 +3.9
IRBO iShares Robotics & Artificial Intelligence ETF 12.5 47 3 2.6 +0.5
VCR Vanguard Consumer Discretionary Index Fund 12.4 10 40 3.8 +1.7
IGM iShares North American Tech ETF 12.3 46 4 4.0 +1.9
GMF SPDR S&P Emerging Asia Pacific ETF 12.2 49 1 8.0 +5.9
CN Xtrackers MSCI All China Equity ETF 12.1 50 0 9.4 +7.2
RXI iShares Global Consumer Discretionary ETF 12.1 46 4 5.5 +3.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 11.9 8 42 3.7 +1.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 11.9 21 29 3.2 +1.1
EMCG WisdomTree Emerging Markets Consumer Growth Fund 11.6 32 18 7.9 +5.8
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 11.5 60 -10 3.1 +1.0
TECB iShares US Tech Breakthrough Multisector ETF 11.4 40 10 4.1 +2.0
TTAC TrimTabs Float Shrink ETF 11.3 59 -9 3.6 +1.5
XRT SPDR S&P Retail ETF 11.3 35 15 6.5 +4.3
PBS Invesco Dynamic Media ETF 11.1 63 -13 -2.6 -4.7
VUG Vanguard Growth Index Fund 11.1 4 46 4.2 +2.1
TMFC Motley Fool 100 Index ETF 11.0 50 0 4.0 +1.8
SCHG Schwab U.S. Large-Cap Growth ETF 10.9 4 46 4.3 +2.2
FPXI First Trust International Equity Opportunities ETF 10.9 70 -20 2.8 +0.7
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 10.9 40 10 7.6 +5.5
XLC The Communication Services Select Sector SPDR Fund 10.9 13 37 6.0 +3.9
EEMA iShares MSCI Emerging Markets Asia ETF 10.8 50 0 8.4 +6.3
SCHE Schwab Emerging Markets Equity ETF 10.8 13 37 8.7 +6.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 10.7 14 36 9.5 +7.4
FLAX Franklin FTSE Asia Ex Japan ETF 10.7 19 31 8.5 +6.4
ENTR Entrepreneur 30 Fund 10.6 49 1 3.3 +1.2
IWF iShares Russell 1000 Growth ETF 10.6 19 31 4.3 +2.2
IEDI iShares Evolved U.S. Discretionary Spending ETF 10.6 18 32 3.8 +1.7
VONG Vanguard Russell 1000 Growth Index Fund 10.6 8 42 4.4 +2.3
SPEM SPDR Portfolio Emerging Markets ETF 10.5 11 39 8.6 +6.5
MGK Vanguard Mega Cap Growth ETF 10.5 7 43 4.3 +2.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 10.3 60 -10 4.6 +2.4
VWO Vanguard FTSE Emerging Markets ETF 10.3 10 40 8.8 +6.7
IEME iShares Evolved U.S. Media & Entertainment ETF 10.2 18 32 7.3 +5.2
GDAT Goldman Sachs Motif Data-Driven World Etf 10.2 50 0 5.2 +3.0
DUSA Davis Select U.S. Equity ETF 10.2 63 -13 5.6 +3.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.2 30 20 8.8 +6.7
IPO Renaissance IPO ETF 10.1 60 -10 -6.2 -8.3
EEMO Invesco S&P Emerging Markets Momentum ETF 10.1 30 20 7.1 +5.0

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 5.5 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.51
 
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.