Goldman Sachs Motif Data-Driven World Etf
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.4x P/Sales
ratio
2.9x
P/BV
ratio
3.3x Div.
yield
1.1%


  • 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) $28
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) $250,502
Large cap (>$10bn) 78.6%
Mid cap ($2-10bn) 15.8%
Small cap (<$2bn) 5.6%
Developed mkts 88.5%
Emerging mkts 11.5%

TOP TEN HOLDINGS
NVIDIA CORP 4.1 %
AMAZON.COM INC 3.6 %
MICROSOFT CORP 3.4 %
INTEL CORP 3.2 %
ALPHABET INC. CLASS A 3.2 %
FACEBOOK 3.0 %
APPLE INC 2.7 %
ADOBE SYSTEMS INC 1.9 %
FORTINET INC 1.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.9 %
Total 28.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 70.6 %
CHINA 7.8 %
JAPAN 3.3 %
ISRAEL 2.6 %
SOUTH KOREA 2.1 %
IRELAND 2.0 %
SWITZERLAND 1.5 %
INDIA 1.2 %
GERMANY 1.0 %
NETHERLANDS 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.
4.3% 24.6% -- -- 15.7%

Market Correlations
versus... Beta R-squared
S&P500 0.99 94%
MSCI EAFE 0.96 81%
MSCI Emg. Mkts. 0.77 75%

Technical Indicators
Recent close $61.67
30d moving avg. $56.92
Annualized volatility 22.7%
Short interest (ETF) 1.0%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.1%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $87,000

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™: 5.1%


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 43.6 68 -18 4.1 -1.0
TECB iShares US Tech Breakthrough Multisector ETF 42.8 40 10 4.1 -1.0
XNTK SPDR Morgan Stanley Technology ETF 40.3 35 15 4.0 -1.1
IGM iShares North American Tech ETF 37.5 46 4 4.0 -1.1
JHMT John Hancock Multifactor Technology ETF 35.9 40 10 5.0 -0.1
IYW iShares U.S. Technology ETF 35.6 42 8 4.3 -0.8
IETC iShares Evolved U.S. Technology ETF 34.8 18 32 4.1 -1.0
QYLD Global X NASDAQ 100 Covered Call ETF 31.4 60 -10 3.7 -1.4
NUSI Nationwide Risk-Managed Income ETF 30.9 68 -18 3.6 -1.5
QQQ Invesco QQQ Trust 30.6 20 30 4.1 -1.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 29.8 57 -7 5.0 -0.1
VGT Vanguard Information Technology Index Fund 29.6 10 40 4.8 -0.3
FTEC Fidelity MSCI Information Technology Index ETF 29.5 8 42 4.8 -0.3
VEGN US Vegan Climate ETF 28.7 60 -10 5.2 +0.1
QTUM Defiance Quantum ETF 28.3 40 10 5.3 +0.2
IXN iShares Global Tech ETF 28.2 46 4 4.8 -0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 28.2 21 29 3.2 -1.9
XLK Technology Select Sector SPDR Fund 28.1 13 37 5.0 -0.1
FVAL Fidelity Value Factor ETF 27.4 29 21 8.0 +2.9
DRIV Global X Autonomous & Electric Vehicles ETF 27.1 68 -18 5.8 +0.7
CACG ClearBridge All Cap Growth ETF 27.0 54 -4 4.4 -0.7
FXL First Trust Technology AlphaDEX Fund 26.4 61 -11 3.3 -1.8
LRGE ClearBridge Large Cap Growth ESG ETF 26.2 60 -10 3.9 -1.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 26.1 15 35 4.8 -0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.9 60 -10 4.5 -0.6
RYT Invesco S&P 500 Equal Weight Technology ETF 25.9 40 10 7.2 +2.1
IWY iShares Russell Top 200 Growth ETF 25.8 20 30 4.3 -0.8
SKYY First Trust Cloud Computing ETF 25.8 60 -10 1.9 -3.2
KOIN Innovation Shares NextGen Protocol ETF 25.8 95 -45 4.3 -0.8
BLCN Reality Shares Nasdaq NextGen Economy ETF 25.5 68 -18 4.4 -0.8
XLG Invesco S&P 500 Top 50 ETF 25.2 20 30 4.7 -0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 25.1 75 -25 3.6 -1.5
IWF iShares Russell 1000 Growth ETF 25.1 19 31 4.3 -0.8
VONG Vanguard Russell 1000 Growth Index Fund 25.1 8 42 4.4 -0.7
EXT WisdomTree U.S. Total Earnings Fund 24.8 28 22 5.7 +0.6
VOOG Vanguard S&P 500 Growth ETF 24.6 10 40 4.4 -0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 24.5 4 46 4.4 -0.7
IVW iShares S&P 500 Growth ETF 24.5 18 32 4.3 -0.8
OGIG O'Shares Global Internet Giants ETF 24.5 48 2 0.5 -4.6
OEF iShares S&P 100 ETF 24.3 20 30 4.9 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 24.3 27 23 5.1 0.0
IUSG iShares Core S&P US Growth ETF 24.1 4 46 4.5 -0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 23.9 12 38 4.8 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 23.8 15 35 6.3 +1.2
SNPE Xtrackers S&P 500 ESG ETF 23.5 11 39 5.2 +0.1
LEGR First Trust Index Digital Transaction & Process Technology E 23.5 65 -15 7.0 +1.9
NXTG First Trust Indxx NextG ETF 23.4 70 -20 6.0 +0.9
IWL iShares Russell Top 200 ETF 23.3 15 35 5.1 +0.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 23.2 49 1 4.1 -1.0
ESGV Vanguard ESG U.S. Stock ETF 23.1 12 38 5.3 +0.2
PBP Invesco S&P 500 BuyWrite ETF 23.1 49 1 5.1 -0.0
HSPX Global X S&P 500 Covered Call ETF 23.0 65 -15 4.9 -0.2
VUG Vanguard Growth Index Fund 22.9 4 46 4.2 -0.9
MGK Vanguard Mega Cap Growth ETF 22.9 7 43 4.3 -0.8
SCHG Schwab U.S. Large-Cap Growth ETF 22.8 4 46 4.3 -0.8
MGC Vanguard Mega Cap Index Fund 22.8 7 43 5.3 +0.2
ESG FlexShares STOXX US ESG Impact Index Fund 22.6 32 18 5.1 +0.0
BLOK Amplify Transformational Data Sharing ETF 22.6 70 -20 5.0 -0.1
IQSU IQ Candriam ESG US Equity ETF 22.5 9 41 5.2 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 22.4 27 23 5.1 -0.0
SPXE ProShares S&P 500 Ex-Energy ETF 22.4 27 23 5.4 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 22.4 20 30 5.4 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 22.3 20 30 5.0 -0.1
NACP Impact Shares NAACP Minority Empowerment ETF 22.3 75 -25 4.5 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 22.3 15 35 5.1 0.0
CATH Global X S&P 500 Catholic Values Custom ETF 22.3 29 21 5.3 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 22.1 8 42 6.4 +1.3
IVV iShares Core S&P 500 ETF 22.1 4 46 5.4 +0.3
SPLG SPDR Portfolio Large Cap ETF 22.1 3 47 5.5 +0.4
SPY SPDR S&P 500 ETF Trust 22.1 9 41 5.4 +0.3
PBUS Invesco PureBeta MSCI USA ETF 22.0 4 46 5.3 +0.2
VOO VANGUARD S&P 500 ETF 22.0 3 47 5.5 +0.4
JQUA JPMorgan U.S. Quality Factor ETF 21.9 12 38 5.2 +0.1
VV Vanguard Large-Cap Index Fund 21.9 4 46 5.3 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 21.8 2 48 5.4 +0.3
SCHX Schwab U.S. Large-Cap ETF 21.7 3 47 5.3 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 21.7 9 41 5.5 +0.4
FQAL Fidelity Quality Factor ETF 21.6 29 21 5.4 +0.3
IWB iShares Russell 1000 ETF 21.5 15 35 5.2 +0.1
SCHK Schwab 1000 Index ETF 21.4 5 45 5.3 +0.2
VONE Vanguard Russell 1000 ETF 21.4 8 42 5.3 +0.2
IYY iShares Dow Jones U.S. ETF 21.4 20 30 5.2 +0.1
IRBO iShares Robotics & Artificial Intelligence ETF 21.3 47 3 2.5 -2.6
SPTM SPDR Portfolio Total Stock Market ETF 21.3 3 47 5.5 +0.4
JKE iShares Morningstar Large-Cap Growth ETF 21.1 25 25 3.4 -1.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 21.0 12 38 5.1 -0.0
SFY SoFi Select 500 ETF 20.9 0 50 5.3 +0.2
VTI Vanguard Total Stock Market Index Fund 20.9 3 47 5.2 +0.1
PWB Invesco Dynamic Large Cap Growth ETF 20.9 55 -5 3.5 -1.6
SCHB Schwab U.S. Broad Market ETF 20.8 3 47 5.3 +0.2
IWV iShares Russell 3000 ETF 20.8 20 30 5.1 -0.0
DSI iShares MSCI KLD 400 Social ETF 20.8 25 25 5.2 +0.1
SYG SPDR MFS Systematic Growth Equity ETF 20.8 60 -10 4.6 -0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 20.8 3 47 5.2 +0.1
KRMA Global X Conscious Companies ETF 20.7 43 7 5.2 +0.1
VTHR Vanguard Russell 3000 Index Fund 20.7 10 40 5.2 +0.1
RFFC RiverFront Dynamic US Flex-Cap ETF 20.7 52 -2 5.4 +0.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 20.7 50 0 5.7 +0.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 20.5 60 -10 4.1 -1.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 20.5 35 15 4.3 -0.8

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 3.1 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.1 %
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.