Goldman Sachs Motif Human Evolution ETF
ALTAR
Score™
0.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
181.4x P/Sales
ratio
4.9x
P/BV
ratio
5.0x Div.
yield
0.8%


  • 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) $64
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 112
Wgt avg mkt cap (mns) $63,006
Large cap (>$10bn) 66.0%
Mid cap ($2-10bn) 21.1%
Small cap (<$2bn) 12.5%
Developed mkts 98.0%
Emerging mkts 2.0%

TOP TEN HOLDINGS
INTUITIVE SURGICAL INC 4.9 %
ABBOTT LABORATORIES 3.8 %
MEDTRONIC PLC 3.6 %
ALIGN TECHNOLOGY INC 3.2 %
BEIGENE LTD. SPONSORED ADR 3.0 %
JOHNSON & JOHNSON 2.7 %
BOSTON SCIENTIFIC CORP 2.5 %
FRESENIUS MEDICAL CARE AG & 2.4 %
ROCHE HOLDING AG-GENUSSCHEIN 2.4 %
ASTRAZENECA PLC 2.4 %
Total 30.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 67.3 %
GERMANY 7.4 %
CHINA 5.4 %
SWITZERLAND 5.1 %
BRITAIN 5.0 %
IRELAND 3.6 %
FRANCE 2.0 %
JAPAN 1.4 %
NETHERLANDS 0.9 %
ISRAEL 0.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
14.5% 31.8% -- -- 18.3%

Market Correlations
versus... Beta R-squared
S&P500 0.82 70%
MSCI EAFE 0.82 61%
MSCI Emg. Mkts. 0.62 56%

Technical Indicators
Recent close $67.10
30d moving avg. $65.26
Annualized volatility 20.4%
Short interest (ETF) 2.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.1%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $12,812

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™: 0.5%


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
(%)
IEHS iShares Evolved U.S. Healthcare Staples ETF 32.8 18 32 5.3 +4.8
IXJ iShares Global Healthcare ETF 32.6 46 4 6.4 +5.9
FHLC Fidelity MSCI Health Care Index ETF 30.1 8 42 5.4 +4.9
VHT Vanguard Health Care Index Fund 29.7 10 40 5.3 +4.8
IYH iShares U.S. Healthcare ETF 29.4 43 7 6.1 +5.6
JHMH John Hancock Multifactor Healthcare ETF 28.9 40 10 6.0 +5.5
RYH Invesco S&P 500 Equal Weight Health Care ETF 28.7 40 10 6.7 +6.1
XLV Health Care Select Sector SPDR Fund 28.6 13 37 7.1 +6.6
IHI iShares U.S. Medical Devices ETF 28.1 42 8 3.1 +2.6
LNGR Global X Longevity Thematic ETF 27.1 50 0 3.2 +2.6
HTEC ROBO Global Healthcare Technology & Innovation ETF 24.5 68 -18 0.1 -0.4
FXH First Trust Health Care AlphaDEX Fund 22.4 62 -12 3.9 +3.3
BTEC Principal Healthcare Innovators Index ETF 21.3 42 8 -2.2 -2.7
IDNA iShares Genomics Immunology & Healthcare ETF 21.0 47 3 -2.7 -3.3
XHE SPDR S&P Health Care Equipment ETF 20.3 35 15 1.6 +1.0
IBB iShares NASDAQ Biotechnology ETF 19.4 46 4 0.5 -0.0
XBI SPDR S&P BIOTECH ETF 18.8 35 15 -2.1 -2.6
BMED BlackRock Future Health ETF 18.2 85 -35 -1.1 -1.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 18.1 60 -10 6.3 +5.8
IEIH iShares Evolved U.S. Innovative Healthcare ETF 17.5 18 32 3.3 +2.8
IBBJ Defiance Nasdaq Junior Biotechnology ETF 17.3 45 5 -2.0 -2.6
CNCR Loncar Cancer Immunotherapy ETF 15.8 79 -29 -2.6 -3.2
BBC Virtus LifeSci Biotech Clinical Trials ETF 15.0 79 -29 0.0 -0.5
VIRS Pacer BioThreat Strategy ETF 14.7 70 -20 4.5 +4.0
HELX Franklin Genomic Advancements ETF 13.6 50 0 -1.2 -1.7
BBH VanEck Vectors Biotech ETF 13.3 35 15 3.9 +3.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 12.7 60 -10 3.6 +3.1
HLAL Wahed FTSE USA Shariah ETF 12.1 50 0 4.3 +3.8
PBE Invesco Dynamic Biotechnology & Genome ETF 12.1 58 -8 -2.5 -3.0
XT iShares Exponential Technologies ETF 12.0 47 3 4.8 +4.3
PTH Invesco DWA Healthcare Momentum ETF 11.7 60 -10 -4.9 -5.4
IQM Franklin Intelligent Machines ETF 11.3 50 0 1.7 +1.2
GNOM Global X Genomics & Biotechnology ETF 11.3 50 0 -3.5 -4.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 10.6 49 1 3.9 +3.3
SPHQ Invesco S&P 500 Quality ETF 10.4 15 35 4.4 +3.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 9.5 12 38 4.6 +4.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 9.4 34 16 4.5 +4.0
MTUM iShares MSCI USA Momentum Factor ETF 9.4 15 35 4.1 +3.5
SPGP Invesco S&P 500 GARP ETF 9.2 34 16 6.6 +6.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 9.2 59 -9 4.2 +3.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 9.2 35 15 4.4 +3.9
FBT First Trust NYSE Arca Biotechnology Index Fund 9.0 55 -5 -1.0 -1.5
ARKG ARK Genomic Revolution ETF 9.0 75 -25 -1.9 -2.5
RBUS Nationwide Risk-Based U.S. Equity ETF 9.0 30 20 4.6 +4.0
PJP Invesco Dynamic Pharmaceuticals ETF 8.9 56 -6 12.8 +12.3
GERM ETFMG Treatments Testing and Advancements ETF 8.9 68 -18 -2.9 -3.4
IOO iShares Global 100 ETF 8.6 40 10 4.6 +4.1
JKD iShares Morningstar Large-Cap ETF 8.5 20 30 5.5 +4.9
EDOC Global X Telemedicine & Digital Health ETF 8.4 68 -18 0.7 +0.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 8.4 70 -20 2.0 +1.5
IWX iShares Russell Top 200 Value ETF 8.3 20 30 6.6 +6.1
FLV American Century Focused Large Cap Value ETF 8.0 42 8 6.2 +5.7
JKK iShares Morningstar Small-Cap Growth ETF 8.0 30 20 1.0 +0.5
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 7.9 56 -6 6.5 +6.0
NULG Nuveen ESG Large-Cap Growth ETF 7.9 35 15 3.6 +3.1
SPXT ProShares S&P 500 Ex-Technology ETF 7.8 27 23 5.3 +4.8
JKH iShares Morningstar Mid-Cap Growth ETF 7.8 30 20 1.9 +1.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 7.8 49 1 4.8 +4.3
ADME Aptus Drawdown Managed Equity ETF 7.7 79 -29 3.3 +2.8
ALTL Pacer Lunt Large Cap Alternator ETF 7.7 60 -10 5.1 +4.5
SPLV Invesco S&P 500 Low Volatility ETF 7.7 25 25 5.4 +4.9
AIEQ AI Powered Equity ETF 7.6 87 -37 2.7 +2.2
VIG Vanguard Dividend Appreciation Index Fund 7.6 6 44 5.1 +4.6
IEV iShares Europe ETF 7.6 59 -9 6.9 +6.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 7.6 45 5 6.7 +6.2
DSTL Distillate US Fundamental Stability & Value ETF 7.5 39 11 5.9 +5.4
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 7.5 25 25 5.7 +5.2
PWB Invesco Dynamic Large Cap Growth ETF 7.5 56 -6 3.2 +2.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 7.5 25 25 6.4 +5.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 7.4 30 20 4.4 +3.9
BBEU JPMorgan BetaBuilders Europe ETF 7.4 9 41 7.3 +6.8
IWO iShares Russell 2000 Growth ETF 7.4 24 26 -0.1 -0.7
FLEH Franklin FTSE Europe Hedged ETF 7.3 9 41 7.2 +6.6
FLEE Franklin FTSE Europe ETF 7.3 9 41 7.0 +6.5
MGV Vanguard Mega Cap Value ETF 7.3 7 43 7.1 +6.5
MMLG First Trust Multi-Manager Large Growth ETF 7.3 85 -35 2.0 +1.5
MVIN Natixis Seeyond International Minimum Volatility ETF 7.2 56 -6 5.6 +5.1
ACIO Aptus Collared Income Opportunity ETF 7.2 79 -29 4.2 +3.7
DOL WisdomTree International LargeCap Dividend Fund 7.2 48 2 8.8 +8.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 7.2 66 -16 2.2 +1.7
VGK Vanguard FTSE Europe ETF 7.1 8 42 7.4 +6.9
GBLO Global Beta Low Beta ETF 7.1 29 21 7.2 +6.7
IWP iShares Russell Mid-Cap Growth ETF 7.1 24 26 2.8 +2.3
IDMO Invesco S&P International Developed Momentum ETF 7.1 26 24 4.0 +3.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 7.0 60 -10 3.9 +3.4
VOT Vanguard Mid-Cap Growth Index Fund 7.0 7 43 3.1 +2.6
IEUR iShares Core MSCI Europe ETF 7.0 9 41 7.3 +6.7
FTXH First Trust Nasdaq Pharmaceuticals ETF 7.0 60 -10 11.6 +11.0
VOOV Vanguard S&P 500 Value ETF 6.9 10 40 7.1 +6.6
FTC First Trust Large Cap Growth AlphaDEX Fund 6.8 61 -11 2.6 +2.1
VTV Vanguard Value Index Fund 6.8 4 46 7.1 +6.6
TECB iShares US Tech Breakthrough Multisector ETF 6.8 40 10 3.9 +3.4
CATH Global X S&P 500 Catholic Values Custom ETF 6.8 29 21 4.9 +4.4
VFMO Vanguard U.S. Momentum Factor ETF 6.8 13 37 0.7 +0.2
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 6.7 59 -9 3.8 +3.3
PSET Principal Price Setters Index ETF 6.7 15 35 4.7 +4.2
FEU SPDR Portfolio Europe ETF 6.7 9 41 7.4 +6.8
PFM Invesco Dividend Achievers ETF 6.7 53 -3 5.2 +4.7
SPMV Invesco S&P 500 Minimum Variance ETF 6.7 10 40 5.6 +5.1
NACP Impact Shares NAACP Minority Empowerment ETF 6.6 75 -25 4.6 +4.1

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 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 5.0 %
Divided by: Fwd. P/BV 4.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 0.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.49
 
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.