Goldman Sachs Motif Human Evolution ETF
ALTAR
Score™
0.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
146.6x P/Sales
ratio
3.3x
P/BV
ratio
3.4x Div.
yield
1.3%


  • 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) $16
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) $56,289
Large cap (>$10bn) 62.5%
Mid cap ($2-10bn) 19.6%
Small cap (<$2bn) 17.9%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
INTUITIVE SURGICAL INC 4.5 %
MEDTRONIC PLC 3.9 %
ABBOTT LABORATORIES 3.7 %
JOHNSON & JOHNSON 3.3 %
ROCHE HOLDING AG-GENUSSCHEIN 3.2 %
BOSTON SCIENTIFIC CORP 3.0 %
ASTRAZENECA PLC 2.8 %
FRESENIUS MEDICAL CARE AG & 2.7 %
SANOFI-AVENTIS 2.3 %
GILEAD SCIENCES INC 2.0 %
Total 31.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 63.2 %
SWITZERLAND 5.9 %
BRITAIN 5.6 %
GERMANY 5.3 %
IRELAND 3.9 %
CHINA 2.8 %
FRANCE 2.3 %
JAPAN 1.7 %
NETHERLANDS 1.3 %
CAYMAN ISLANDS 0.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.0% -- -- -- -3.4%

Market Correlations
versus... Beta R-squared
S&P500 0.74 58%
MSCI EAFE 0.67 52%
MSCI Emg. Mkts. 0.56 50%

Technical Indicators
Recent close $46.08
30d moving avg. $49.87
Annualized volatility 19.2%
Short interest (ETF) 4.0%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.7%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $20,314

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™: 0.6%


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 7.4 +6.8
IEHS iShares Evolved U.S. Healthcare Staples ETF 32.8 18 32 7.1 +6.5
VHT Vanguard Health Care Index Fund 29.2 10 40 6.7 +6.1
FHLC Fidelity MSCI Health Care Index ETF 28.9 8 42 6.8 +6.2
JHMH John Hancock Multifactor Healthcare ETF 28.8 40 10 7.4 +6.8
IYH iShares U.S. Healthcare ETF 28.4 43 7 7.3 +6.7
RYH Invesco S&P 500 Equal Weight Health Care ETF 28.1 40 10 8.1 +7.5
IHI iShares U.S. Medical Devices ETF 28.0 43 7 4.6 +4.0
XLV Health Care Select Sector SPDR Fund 27.8 13 37 8.3 +7.7
LNGR Global X Longevity Thematic ETF 24.7 50 0 4.5 +3.9
HTEC ROBO Global Healthcare Technology & Innovation ETF 24.1 68 -18 1.0 +0.5
XHE SPDR S&P Health Care Equipment ETF 20.5 35 15 2.7 +2.2
FXH First Trust Health Care AlphaDEX Fund 19.7 62 -12 6.7 +6.2
IDNA iShares Genomics Immunology & Healthcare ETF 19.6 47 3 -3.6 -4.2
XBI SPDR S&P BIOTECH ETF 18.3 35 15 -5.5 -6.1
BTEC Principal Healthcare Innovators Index ETF 18.0 42 8 -5.4 -5.9
IBB iShares NASDAQ Biotechnology ETF 17.5 47 3 0.9 +0.3
PTH Invesco DWA Healthcare Momentum ETF 16.6 60 -10 -4.4 -5.0
IEIH iShares Evolved U.S. Innovative Healthcare ETF 16.1 18 32 4.7 +4.1
BBC Virtus LifeSci Biotech Clinical Trials ETF 14.1 79 -29 0.0 -0.6
HLAL Wahed FTSE USA Shariah ETF 12.9 50 0 6.3 +5.8
XT iShares Exponential Technologies ETF 12.7 47 3 6.9 +6.3
PWB Invesco Dynamic Large Cap Growth ETF 11.9 55 -5 4.8 +4.2
CNCR Loncar Cancer Immunotherapy ETF 10.9 79 -29 -5.0 -5.5
GNOM Global X Genomics & Biotechnology ETF 10.9 68 -18 -3.9 -4.4
HELX Franklin Genomic Advancements ETF 10.8 50 0 -2.4 -2.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 10.6 49 1 5.6 +5.0
BBH VanEck Vectors Biotech ETF 10.5 35 15 4.7 +4.1
PJP Invesco Dynamic Pharmaceuticals ETF 10.5 56 -6 12.8 +12.2
JKE iShares Morningstar Large-Cap Growth ETF 10.4 25 25 4.8 +4.2
FBT First Trust NYSE Arca Biotechnology Index Fund 10.2 57 -7 -0.2 -0.8
VIG Vanguard Dividend Appreciation Index Fund 10.1 6 44 6.5 +5.9
IOO iShares Global 100 ETF 10.0 40 10 6.3 +5.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 9.8 12 38 6.4 +5.8
IQM Franklin Intelligent Machines ETF 9.7 50 0 3.6 +3.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 9.1 60 -10 5.2 +4.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 9.1 30 20 5.9 +5.4
AIEQ AI Powered Equity ETF 9.1 87 -37 5.2 +4.6
IEV iShares Europe ETF 9.1 59 -9 8.8 +8.2
IDY Pacific Global International Equity Income ETF 9.0 39 11 11.1 +10.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 8.8 45 5 8.5 +7.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 8.8 30 20 8.7 +8.1
BBEU JPMorgan BetaBuilders Europe ETF 8.7 9 41 9.2 +8.6
FTHI First Trust High Income ETF 8.7 85 -35 7.7 +7.1
IDHQ Invesco S&P International Developed High Quality ETF 8.6 29 21 6.7 +6.1
FLEE Franklin FTSE Europe ETF 8.6 9 41 9.0 +8.4
IWX iShares Russell Top 200 Value ETF 8.6 20 30 9.0 +8.4
EUDV ProShares MSCI Europe Dividend Growers ETF 8.6 55 -5 8.6 +8.0
FLEH Franklin FTSE Europe Hedged ETF 8.5 9 41 8.9 +8.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 8.4 25 25 8.5 +7.9
IDMO Invesco S&P International Developed Momentum ETF 8.4 25 25 5.8 +5.3
VGK Vanguard FTSE Europe ETF 8.3 8 42 9.5 +8.9
IEUR iShares Core MSCI Europe ETF 8.2 9 41 9.3 +8.7
EUMV iShares Edge MSCI Min Vol Europe ETF 8.1 25 25 6.5 +5.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 8.0 60 -10 6.1 +5.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 8.0 49 1 7.7 +7.1
QEFA SPDR MSCI EAFE Quality Mix ETF 8.0 30 20 8.3 +7.7
FEU SPDR Portfolio Europe ETF 7.9 9 41 9.3 +8.7
SPXT ProShares S&P 500 Ex-Technology ETF 7.9 27 23 7.5 +6.9
MGV Vanguard Mega Cap Value ETF 7.9 7 43 9.1 +8.5
FTLB First Trust Hedged BuyWrite Income ETF 7.8 85 -35 7.6 +7.0
JKH iShares Morningstar Mid-Cap Growth ETF 7.7 30 20 3.6 +3.1
VTV Vanguard Value Index Fund 7.7 4 46 9.4 +8.8
PFM Invesco Dividend Achievers ETF 7.6 54 -4 6.6 +6.0
TECB iShares US Tech Breakthrough Multisector ETF 7.6 40 10 5.5 +4.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 7.6 60 -10 5.7 +5.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 7.6 35 15 5.9 +5.4
ETHO Etho Climate Leadership U.S. ETF 7.4 47 3 6.8 +6.2
IQSU IQ Candriam ESG US Equity ETF 7.4 9 41 6.9 +6.3
FTXH First Trust Nasdaq Pharmaceuticals ETF 7.4 60 -10 8.1 +7.6
RNDM Developed International Equity Select ETF 7.4 65 -15 8.2 +7.7
VFMV Vanguard U.S. Minimum Volatility ETF 7.4 13 37 6.4 +5.8
DGT SPDR Global Dow ETF 7.4 50 0 8.8 +8.2
IWO iShares Russell 2000 Growth ETF 7.4 24 26 1.6 +1.0
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 7.4 52 -2 7.0 +6.4
VTWG Vanguard Russell 2000 Growth Index Fund 7.3 15 35 1.8 +1.3
EFG iShares MSCI EAFE Growth ETF 7.3 40 10 6.0 +5.5
SPMV Invesco S&P 500 Minimum Variance ETF 7.3 10 40 7.5 +6.9
DOL WisdomTree International LargeCap Dividend Fund 7.1 48 2 11.0 +10.5
SCHV Schwab U.S. Large-Cap Value ETF 7.1 4 46 9.2 +8.6
VONV Vanguard Russell 1000 Value Index Fund 7.1 8 42 9.5 +8.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 7.1 15 35 5.8 +5.2
REVS Columbia Research Enhanced Value ETF 7.1 19 31 10.1 +9.5
RFEU First Trust Riverfront Dynamic Europe ETF 7.0 83 -33 6.4 +5.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 7.0 20 30 9.2 +8.6
IWD iShares Russell 1000 Value ETF 6.9 19 31 9.4 +8.8
FLAG FLAG-Forensic Accounting Long Short ETF 6.9 152 -102 11.8 +11.2
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 6.8 49 1 6.3 +5.7
VOOV Vanguard S&P 500 Value ETF 6.8 15 35 9.4 +8.8
SPXN ProShares S&P 500 Ex-Financials ETF 6.8 27 23 6.8 +6.2
SPYV SPDR Portfolio S&P 500 Value ETF 6.8 4 46 9.4 +8.9
TTAC TrimTabs Float Shrink ETF 6.8 59 -9 5.3 +4.7
IVE iShares S&P 500 Value ETF 6.7 18 32 9.3 +8.7
DSTL Distillate US Fundamental Stability & Value ETF 6.7 39 11 7.8 +7.3
ACWF iShares FactorSelect MSCI Global ETF 6.7 35 15 10.3 +9.7
NACP Impact Shares NAACP Minority Empowerment ETF 6.7 75 -25 6.3 +5.7
WOMN Impact Shares YWCA Women's Empowerment ETF 6.6 75 -25 6.3 +5.7
FIVA Fidelity International Value Factor ETF 6.6 39 11 13.5 +12.9
IWL iShares Russell Top 200 ETF 6.5 15 35 6.8 +6.2
CLRG IQ Chaikin U.S. Large Cap ETF 6.5 25 25 11.6 +11.0

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 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 3.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 0.6 %
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.