Goldman Sachs Motif Data-Driven World Etf
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.5x P/Sales
ratio
2.4x
P/BV
ratio
2.9x Div.
yield
1.2%


  • 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) $15
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) $225,715
Large cap (>$10bn) 75.2%
Mid cap ($2-10bn) 19.9%
Small cap (<$2bn) 4.9%
Developed mkts 88.7%
Emerging mkts 11.3%

TOP TEN HOLDINGS
NVIDIA CORP 3.8 %
MICROSOFT CORP 3.6 %
ALPHABET INC. CLASS A 3.2 %
INTEL CORP 3.2 %
AMAZON.COM INC 2.6 %
APPLE INC 2.6 %
INTL BUSINESS MACHINES CORP 2.0 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.9 %
ADOBE SYSTEMS INC 1.8 %
FACEBOOK 1.7 %
Total 26.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 67.1 %
CHINA 8.0 %
JAPAN 4.8 %
ISRAEL 2.7 %
IRELAND 2.2 %
SOUTH KOREA 2.1 %
SWITZERLAND 1.8 %
NETHERLANDS 1.5 %
INDIA 1.4 %
GERMANY 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.5% -- -- -- 15.4%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $59.09
30d moving avg. $61.03
Annualized volatility 0.0%
Short interest (ETF) 2.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.8%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $52,870

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 5.7%


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
(%)
AIQ Global X Future Analytics Tech ETF 42.0 68 -18 4.3 -1.4
TECB iShares US Tech Breakthrough Multisector ETF 40.1 40 10 4.5 -1.2
XNTK SPDR Morgan Stanley Technology ETF 37.2 35 15 4.7 -0.9
JHMT John Hancock Multifactor Technology ETF 33.8 40 10 6.0 +0.3
IGM iShares North American Tech ETF 33.3 46 4 4.4 -1.3
IYW iShares U.S. Technology ETF 32.9 42 8 5.0 -0.7
IETC iShares Evolved U.S. Technology ETF 31.9 18 32 4.5 -1.2
BLCN Reality Shares Nasdaq NextGen Economy ETF 29.1 68 -18 5.2 -0.4
QTUM Defiance Quantum ETF 29.0 40 10 5.8 +0.2
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 28.9 57 -7 5.5 -0.1
VGT Vanguard Information Technology Index Fund 28.4 10 40 5.2 -0.5
FTEC Fidelity MSCI Information Technology Index ETF 28.1 8 42 5.2 -0.5
DRIV Global X Autonomous & Electric Vehicles ETF 27.9 68 -18 7.1 +1.4
QYLD Global X NASDAQ 100 Covered Call ETF 27.8 60 -10 4.6 -1.1
QQQ Invesco QQQ Trust 27.3 20 30 4.8 -0.9
IXN iShares Global Tech ETF 27.0 46 4 5.0 -0.7
NUSI Nationwide Risk-Managed Income ETF 27.0 68 -18 4.5 -1.2
XLK Technology Select Sector SPDR Fund 26.7 13 37 5.3 -0.4
RYT Invesco S&P 500 Equal Weight Technology ETF 26.2 40 10 6.5 +0.9
KOIN Innovation Shares NextGen Protocol ETF 25.5 95 -45 4.6 -1.0

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

Content on this tab for subscribers only

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 17.6 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.55
 
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.