Goldman Sachs Motif Data-Driven World Etf
ALTAR
Score™
4.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.2x P/Sales
ratio
3.1x
P/BV
ratio
3.6x Div.
yield
1.0%


  • 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 Data-Driven World Index.

FUND BASICS
Category Global Equities
Fund Sponsor Goldman Sachs
Website www.gsam.com
Inception date Mar 01, 2019
Assets (mns) $39
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) $317,107
Large cap (>$10bn) 80.2%
Mid cap ($2-10bn) 15.4%
Small cap (<$2bn) 4.0%
Developed mkts 87.6%
Emerging mkts 12.4%

TOP TEN HOLDINGS
NVIDIA CORP 4.5 %
AMAZON.COM INC 4.0 %
MICROSOFT CORP 3.4 %
APPLE INC 3.3 %
FACEBOOK 3.1 %
ALPHABET INC. CLASS A 2.9 %
ADVANCED MICRO DEVICES 2.2 %
INTEL CORP 2.1 %
ALIBABA GROUP HOLDING LTD. SPONSOR 2.0 %
ADOBE SYSTEMS INC 2.0 %
Total 29.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 69.4 %
CHINA 8.8 %
JAPAN 3.3 %
ISRAEL 2.6 %
SOUTH KOREA 2.1 %
IRELAND 1.9 %
SWITZERLAND 1.6 %
INDIA 1.4 %
GERMANY 1.0 %
NETHERLANDS 1.0 %

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.
18.1% 29.4% -- -- 24.7%

Market Correlations
versus... Beta R-squared
S&P500 1.00 93%
MSCI EAFE 0.98 81%
MSCI Emg. Mkts. 0.74 76%

Technical Indicators
Recent close $68.53
30d moving avg. $66.81
Annualized volatility 22.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.7%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $88,452

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Goldman Sachs Motif Data-Driven World Etf ETF based on the alternatives' overlap in portfolio holdings with GDAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GDAT Expense: 50 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GDAT
Ticker Fund
Name
Overlap1
vs GDAT
(%)
Expense
ratio
(bp)
Savings
vs GDAT
(bp)
ALTAR
Score™
(%)
ALTAR
vs GDAT
(%)
TECB iShares US Tech Breakthrough Multisector ETF 42.5 40 10 4.0 -0.8
AIQ Global X Future Analytics Tech ETF 41.6 68 -18 4.2 -0.5
XNTK SPDR NYSE Technology ETF 40.0 35 15 3.5 -1.2
IGM iShares Expanded Tech Sector ETF 36.9 46 4 3.7 -1.0
IYW iShares U.S. Technology ETF 35.3 42 8 3.9 -0.8
JHMT John Hancock Multifactor Technology ETF 34.8 40 10 4.8 +0.1
IETC iShares Evolved U.S. Technology ETF 34.4 18 32 3.7 -1.0
QYLD Global X NASDAQ 100 Covered Call ETF 31.3 60 -10 3.3 -1.4
NUSI Nationwide Risk-Managed Income ETF 31.3 68 -18 3.3 -1.5
QQQ Invesco QQQ Trust 30.8 20 30 3.7 -1.0
VEGN US Vegan Climate ETF 29.4 60 -10 5.0 +0.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 29.4 57 -7 4.8 +0.1
FTEC Fidelity MSCI Information Technology Index ETF 29.2 8 42 4.4 -0.3
VGT Vanguard Information Technology Index Fund 28.9 10 40 4.4 -0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 28.3 21 29 3.0 -1.8
IXN iShares Global Tech ETF 27.6 46 4 4.3 -0.4
XLK Technology Select Sector SPDR Fund 27.5 13 37 4.6 -0.1
FVAL Fidelity Value Factor ETF 27.5 29 21 7.6 +2.9
CACG ClearBridge All Cap Growth ETF 27.1 54 -4 4.2 -0.5
XLG Invesco S&P 500 Top 50 ETF 26.8 20 30 4.3 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 26.6 60 -10 3.9 -0.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.4 75 -25 3.9 -0.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 26.3 15 35 4.1 -0.6
SYG SPDR MFS Systematic Growth Equity ETF 26.2 60 -10 4.2 -0.5
LRGE ClearBridge Large Cap Growth ESG ETF 26.1 59 -9 3.6 -1.1
RYT Invesco S&P 500 Equal Weight Technology ETF 26.1 40 10 6.5 +1.8
QTUM Defiance Quantum ETF 26.0 40 10 5.4 +0.7
SKYY First Trust Cloud Computing ETF 26.0 60 -10 2.2 -2.5
IWY iShares Russell Top 200 Growth ETF 25.8 20 30 3.7 -1.0
DRIV Global X Autonomous & Electric Vehicles ETF 25.7 68 -18 6.3 +1.6
ESG FlexShares STOXX US ESG Impact Index Fund 25.7 32 18 4.8 +0.1
KOIN Innovation Shares NextGen Protocol ETF 25.7 95 -45 4.1 -0.6
SPYG SPDR Portfolio S&P 500 Growth ETF 25.4 4 46 4.2 -0.6
IVW iShares S&P 500 Growth ETF 25.4 18 32 4.0 -0.7
VOOG Vanguard S&P 500 Growth ETF 25.4 10 40 4.1 -0.6
NXTG First Trust Indxx NextG ETF 25.4 70 -20 5.9 +1.1
THNQ ROBO Global Artificial Intelligence ETF 25.3 68 -18 1.5 -3.2
WUGI Esoterica NextG Economy ETF 25.3 75 -25 1.7 -3.0
VONG Vanguard Russell 1000 Growth Index Fund 25.3 8 42 3.7 -1.0
IWF iShares Russell 1000 Growth ETF 25.3 19 31 3.6 -1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 25.1 27 23 4.7 +0.0
IUSG iShares Core S&P US Growth ETF 25.1 4 46 4.2 -0.5
OEF iShares S&P 100 ETF 24.9 20 30 4.6 -0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 24.9 12 38 4.6 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 24.7 0 50 4.9 +0.2
SNPE Xtrackers S&P 500 ESG ETF 24.6 11 39 4.9 +0.2
IWL iShares Russell Top 200 ETF 24.6 15 35 4.7 +0.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 24.5 15 35 6.0 +1.3
MGK Vanguard Mega Cap Growth ETF 24.4 7 43 3.9 -0.8
FXL First Trust Technology AlphaDEX Fund 24.3 61 -11 3.3 -1.4
EXT WisdomTree U.S. Total Earnings Fund 24.1 28 22 5.0 +0.3
LEGR First Trust Index Digital Transaction & Process Technology E 24.1 65 -15 6.9 +2.2
VUG Vanguard Growth Index Fund 24.1 4 46 3.8 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.0 12 38 4.5 -0.3
HIPR Direxion High Growth ETF 23.9 40 10 4.3 -0.4
OGIG O'Shares Global Internet Giants ETF 23.8 48 2 0.7 -4.0
SCHG Schwab U.S. Large-Cap Growth ETF 23.8 4 46 3.9 -0.8
JKE iShares Morningstar Large-Cap Growth ETF 23.8 25 25 2.8 -2.0
WFH Direxion Work From Home ETF 23.7 45 5 5.3 +0.6
ESGV Vanguard ESG U.S. Stock ETF 23.7 12 38 4.9 +0.2
MGC Vanguard Mega Cap Index Fund 23.7 7 43 5.0 +0.3
PBP Invesco S&P 500 BuyWrite ETF 23.6 49 1 4.7 +0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 23.5 9 41 5.3 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 23.4 27 23 5.1 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 23.4 27 23 4.7 +0.0
HSPX Global X S&P 500 Covered Call ETF 23.3 65 -15 4.6 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.3 20 30 5.1 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 23.3 20 30 4.7 +0.0
CATH Global X S&P 500 Catholic Values Custom ETF 23.2 29 21 5.0 +0.2
SPY SPDR S&P 500 ETF Trust 23.1 9 41 5.1 +0.4
SPLG SPDR Portfolio Large Cap ETF 23.0 3 47 5.2 +0.5
IVV iShares Core S&P 500 ETF 23.0 4 46 5.2 +0.5
VOO VANGUARD S&P 500 ETF 23.0 3 47 5.2 +0.5
IQSU IQ Candriam ESG US Equity ETF 23.0 9 41 4.9 +0.1
PBUS Invesco PureBeta MSCI USA ETF 22.9 4 46 5.0 +0.3
BLOK Amplify Transformational Data Sharing ETF 22.9 70 -20 4.2 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 22.9 15 35 4.9 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 22.9 7 43 5.0 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 22.8 2 48 5.1 +0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 22.8 49 1 3.8 -0.9
SCHX Schwab U.S. Large-Cap ETF 22.8 3 47 5.1 +0.4
BLCN Reality Shares Nasdaq NextGen Economy ETF 22.8 68 -18 3.5 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 22.6 12 38 5.1 +0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 22.6 52 -2 4.8 +0.1
VV Vanguard Large-Cap Index Fund 22.5 4 46 5.0 +0.3
SCHK Schwab 1000 Index ETF 22.4 5 45 5.0 +0.3
IYY iShares Dow Jones U.S. ETF 22.4 20 30 4.9 +0.2
VONE Vanguard Russell 1000 ETF 22.3 8 42 5.0 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 22.3 8 42 6.2 +1.5
SPTM SPDR Portfolio Total Stock Market ETF 22.3 3 47 5.3 +0.6
IWB iShares Russell 1000 ETF 22.3 15 35 4.9 +0.2
NACP Impact Shares NAACP Minority Empowerment ETF 22.1 75 -25 4.6 -0.1
RFFC RiverFront Dynamic US Flex-Cap ETF 22.1 52 -2 4.4 -0.3
SFY SoFi Select 500 ETF 22.0 0 50 5.0 +0.3
SCHB Schwab U.S. Broad Market ETF 22.0 3 47 5.0 +0.3
PWB Invesco Dynamic Large Cap Growth ETF 22.0 55 -5 3.3 -1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 21.9 3 47 4.9 +0.2
FQAL Fidelity Quality Factor ETF 21.9 29 21 5.3 +0.6
KRMA Global X Conscious Companies ETF 21.8 43 7 4.9 +0.2
IWV iShares Russell 3000 ETF 21.8 20 30 4.8 +0.1

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 Data-Driven World Etf
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.4 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.