Goldman Sachs Motif Human Evolution ETF
ALTAR
Score™
0.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
782.6x P/Sales
ratio
4.8x
P/BV
ratio
4.8x Div.
yield
0.9%


  • 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 Human Evolution Index.

FUND BASICS
Category Global Equities
Fund Sponsor Goldman Sachs
Website www.gsam.com
Inception date Mar 01, 2019
Assets (mns) $33
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) $57,746
Large cap (>$10bn) 62.5%
Mid cap ($2-10bn) 20.3%
Small cap (<$2bn) 17.2%
Developed mkts 98.0%
Emerging mkts 2.0%

TOP TEN HOLDINGS
INTUITIVE SURGICAL INC 4.2 %
ABBOTT LABORATORIES 3.5 %
MEDTRONIC PLC 3.2 %
JOHNSON & JOHNSON 3.0 %
ROCHE HOLDING AG-GENUSSCHEIN 2.8 %
FRESENIUS MEDICAL CARE AG & 2.7 %
ASTRAZENECA PLC 2.6 %
BOSTON SCIENTIFIC CORP 2.5 %
BEIGENE LTD. SPONSORED ADR 2.5 %
BIONTECH SE SPONSORED ADR 2.3 %
Total 29.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 65.4 %
SWITZERLAND 5.7 %
CHINA 5.6 %
GERMANY 5.3 %
BRITAIN 5.0 %
IRELAND 3.2 %
FRANCE 2.2 %
JAPAN 1.5 %
NETHERLANDS 1.1 %
ISRAEL 0.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
6.9% 15.9% -- -- 15.9%

Market Correlations
versus... Beta R-squared
S&P500 0.86 71%
MSCI EAFE 0.83 60%
MSCI Emg. Mkts. 0.64 55%

Technical Indicators
Recent close $62.19
30d moving avg. $59.98
Annualized volatility 22.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.0%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $21,770

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GDNA Expense: 50 bp ALTAR Score™: 0.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GDNA
Ticker Fund
Name
Overlap1
vs GDNA
(%)
Expense
ratio
(bp)
Savings
vs GDNA
(bp)
ALTAR
Score™
(%)
ALTAR
vs GDNA
(%)
IXJ iShares Global Healthcare ETF 32.8 46 4 6.2 +5.9
IEHS iShares Evolved U.S. Healthcare Staples ETF 31.8 18 32 5.6 +5.3
RYH Invesco S&P 500 Equal Weight Health Care ETF 29.3 40 10 6.4 +6.2
FHLC Fidelity MSCI Health Care Index ETF 29.3 8 42 5.4 +5.1
JHMH John Hancock Multifactor Healthcare ETF 28.8 40 10 5.9 +5.7
IYH iShares U.S. Healthcare ETF 28.5 43 7 6.0 +5.8
VHT Vanguard Health Care Index Fund 28.4 10 40 5.3 +5.1
XLV Health Care Select Sector SPDR Fund 27.9 13 37 7.0 +6.7
IHI iShares U.S. Medical Devices ETF 26.4 43 7 3.4 +3.1
LNGR Global X Longevity Thematic ETF 25.2 50 0 3.1 +2.8
HTEC ROBO Global Healthcare Technology & Innovation ETF 24.1 68 -18 0.2 -0.1
IDNA iShares Genomics Immunology & Healthcare ETF 22.4 47 3 -2.9 -3.1
BTEC Principal Healthcare Innovators Index ETF 21.3 42 8 -2.3 -2.6
FXH First Trust Health Care AlphaDEX Fund 21.1 62 -12 4.4 +4.1
XBI SPDR S&P BIOTECH ETF 19.9 35 15 -2.5 -2.7
IBB iShares NASDAQ Biotechnology ETF 19.7 47 3 0.2 -0.1
XHE SPDR S&P Health Care Equipment ETF 19.2 35 15 1.7 +1.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 18.1 60 -10 6.1 +5.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 18.0 18 32 2.9 +2.6
BBC Virtus LifeSci Biotech Clinical Trials ETF 16.6 79 -29 -1.4 -1.7
VIRS Pacer BioThreat Strategy ETF 15.3 70 -20 4.4 +4.1
CNCR Loncar Cancer Immunotherapy ETF 15.2 79 -29 -2.9 -3.2
GNOM Global X Genomics & Biotechnology ETF 13.2 68 -18 -3.9 -4.2
HELX Franklin Genomic Advancements ETF 12.5 50 0 -1.7 -2.0
XT iShares Exponential Technologies ETF 12.3 47 3 5.0 +4.7
HLAL Wahed FTSE USA Shariah ETF 11.7 50 0 4.5 +4.3
BBH VanEck Vectors Biotech ETF 11.3 35 15 3.7 +3.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 11.1 60 -10 3.7 +3.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 10.7 49 1 4.0 +3.7
FBT First Trust NYSE Arca Biotechnology Index Fund 10.5 55 -5 -0.9 -1.2
AIEQ AI Powered Equity ETF 10.3 87 -37 3.6 +3.3
IQM Franklin Intelligent Machines ETF 10.3 50 0 2.0 +1.7
PWB Invesco Dynamic Large Cap Growth ETF 10.2 55 -5 3.3 +3.1
SPHQ Invesco S&P 500 Quality ETF 10.1 15 35 4.6 +4.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 9.9 15 35 4.0 +3.8
PJP Invesco Dynamic Pharmaceuticals ETF 9.5 56 -6 10.8 +10.5
RBUS Nationwide Risk-Based U.S. Equity ETF 9.3 30 20 5.0 +4.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 9.1 34 16 4.8 +4.5
IOO iShares Global 100 ETF 9.0 40 10 4.6 +4.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 8.9 12 38 4.7 +4.4
PBE Invesco Dynamic Biotechnology & Genome ETF 8.6 57 -7 -1.7 -2.0
IEV iShares Europe ETF 8.4 59 -9 6.7 +6.4
GERM ETFMG Treatments Testing and Advancements ETF 8.3 68 -18 -2.8 -3.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 8.3 45 5 6.5 +6.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 8.3 30 20 6.7 +6.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 8.2 30 20 4.3 +4.0
IWX iShares Russell Top 200 Value ETF 8.2 20 30 7.1 +6.8
BBEU JPMorgan BetaBuilders Europe ETF 8.2 9 41 7.2 +6.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 8.2 25 25 6.4 +6.1
JKH iShares Morningstar Mid-Cap Growth ETF 8.1 30 20 2.3 +2.0
FLEH Franklin FTSE Europe Hedged ETF 8.1 9 41 7.0 +6.8
SPGP Invesco S&P 500 GARP ETF 8.1 35 15 7.2 +6.9
FLEE Franklin FTSE Europe ETF 8.1 9 41 6.9 +6.6
ARKG ARK Genomic Revolution Multi-Sector ETF 8.1 75 -25 0.0 -0.3
JKD iShares Morningstar Large-Cap ETF 7.9 20 30 5.6 +5.3
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 7.8 75 -25 2.0 +1.7
SPLV Invesco S&P 500 Low Volatility ETF 7.8 25 25 5.6 +5.3
SPXT ProShares S&P 500 Ex-Technology ETF 7.8 27 23 5.6 +5.3
VFMO Vanguard U.S. Momentum Factor ETF 7.8 13 37 1.1 +0.9
FLV American Century Focused Large Cap Value ETF 7.8 42 8 6.6 +6.3
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 7.8 56 -6 5.9 +5.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 7.7 60 -10 4.3 +4.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 7.7 59 -9 4.1 +3.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 7.7 35 15 4.4 +4.1
VGK Vanguard FTSE Europe ETF 7.6 8 42 7.3 +7.0
IEUR iShares Core MSCI Europe ETF 7.6 9 41 7.1 +6.9
DOL WisdomTree International LargeCap Dividend Fund 7.6 48 2 8.4 +8.2
FTHI First Trust High Income ETF 7.5 85 -35 4.9 +4.7
FTCS First Trust Capital Strength ETF 7.5 58 -8 4.8 +4.5
VIG Vanguard Dividend Appreciation Index Fund 7.4 6 44 5.3 +5.1
FTLB First Trust Hedged BuyWrite Income ETF 7.4 85 -35 4.9 +4.7
FEU SPDR Portfolio Europe ETF 7.4 9 41 7.2 +7.0
EUMV iShares Edge MSCI Min Vol Europe ETF 7.3 25 25 4.9 +4.7
MGV Vanguard Mega Cap Value ETF 7.3 7 43 7.2 +6.9
IWO iShares Russell 2000 Growth ETF 7.2 24 26 0.8 +0.5
TECB iShares US Tech Breakthrough Multisector ETF 7.2 40 10 3.9 +3.7
VTWG Vanguard Russell 2000 Growth Index Fund 7.2 15 35 0.8 +0.5
DSTL Distillate US Fundamental Stability & Value ETF 7.2 39 11 6.4 +6.2
JKK iShares Morningstar Small-Cap Growth ETF 7.1 30 20 1.1 +0.9
NULG Nuveen ESG Large-Cap Growth ETF 7.1 35 15 3.5 +3.3
VTV Vanguard Value Index Fund 7.0 4 46 7.4 +7.1
PEXL Pacer US Export Leaders ETF 7.0 60 -10 5.9 +5.7
VONV Vanguard Russell 1000 Value Index Fund 6.9 8 42 7.2 +7.0
NIFE Direxion Fallen Knives ETF 6.8 50 0 2.3 +2.0
USMV iShares Edge MSCI Min Vol USA ETF 6.8 15 35 5.5 +5.2
DGT SPDR Global Dow ETF 6.8 50 0 6.6 +6.3
FTXH First Trust Nasdaq Pharmaceuticals ETF 6.8 60 -10 8.6 +8.3
ACWF iShares FactorSelect MSCI Global ETF 6.7 35 15 7.9 +7.6
SPMV Invesco S&P 500 Minimum Variance ETF 6.7 10 40 5.8 +5.5
VOOV Vanguard S&P 500 Value ETF 6.7 15 35 7.3 +7.0
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 6.7 59 -9 3.5 +3.3
IWP iShares Russell Mid-Cap Growth ETF 6.7 24 26 4.1 +3.8
IVE iShares S&P 500 Value ETF 6.6 18 32 7.2 +6.9
SPYV SPDR Portfolio S&P 500 Value ETF 6.6 4 46 7.4 +7.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 6.6 49 1 2.1 +1.9
SCHV Schwab U.S. Large-Cap Value ETF 6.6 4 46 7.1 +6.9
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 6.6 49 1 5.1 +4.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 6.6 30 20 0.0 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 6.6 20 30 7.0 +6.7
PTH Invesco DWA Healthcare Momentum ETF 6.6 60 -10 -2.3 -2.6

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%.

Content on this tab for subscribers only**

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 Human Evolution 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 3.6 %
Divided by: Fwd. P/BV 4.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 0.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.