Goldman Sachs Motif Manufacturing Revolution ETF
ALTAR
Score™
3.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
45.2x P/Sales
ratio
1.6x
P/BV
ratio
3.0x 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 Manufacturing Revolution Index.

FUND BASICS
Category Global Equities
Fund Sponsor Goldman Sachs
Website www.gsam.com
Inception date Mar 01, 2019
Assets (mns) $20
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 122
Wgt avg mkt cap (mns) $86,624
Large cap (>$10bn) 71.9%
Mid cap ($2-10bn) 20.3%
Small cap (<$2bn) 7.3%
Developed mkts 92.0%
Emerging mkts 8.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 6.1 %
NVIDIA CORP 3.0 %
AMAZON.COM INC 2.9 %
ABB LTD. 2.9 %
NIO INC. SPONSORED ADR CLASS A 2.8 %
ROCKWELL AUTOMATION INC 2.4 %
KEYENCE CORP 2.1 %
JD.COM INC-ADR 2.0 %
DASSAULT SYSTEMES SA 2.0 %
SCHNEIDER ELECTRIC SA 1.8 %
Total 28.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 51.0 %
JAPAN 9.8 %
CHINA 9.2 %
FRANCE 7.3 %
SWITZERLAND 4.4 %
BRITAIN 3.8 %
GERMANY 3.6 %
CANADA 2.1 %
HONG KONG 1.8 %
ITALY 1.4 %

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.
3.3% 16.6% -- -- 17.4%

Market Correlations
versus... Beta R-squared
S&P500 1.31 92%
MSCI EAFE 1.35 91%
MSCI Emg. Mkts. 1.06 86%

Technical Indicators
Recent close $61.46
30d moving avg. $57.67
Annualized volatility 29.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.2%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $56,724

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GMAN Expense: 50 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GMAN
Ticker Fund
Name
Overlap1
vs GMAN
(%)
Expense
ratio
(bp)
Savings
vs GMAN
(bp)
ALTAR
Score™
(%)
ALTAR
vs GMAN
(%)
EKAR Innovation Shares NextGen Vehicles & Technology ETF 28.3 95 -45 8.2 +4.3
IQM Franklin Intelligent Machines ETF 27.9 50 0 2.0 -1.9
IDRV iShares Self-driving EV & Tech ETF 27.4 47 3 7.0 +3.1
ROBO Robo Global Robotics & Automation Index ETF 24.9 95 -45 3.5 -0.4
DRIV Global X Autonomous & Electric Vehicles ETF 23.4 68 -18 5.4 +1.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 22.5 65 -15 3.8 -0.1
XKST SPDR Kensho Smart Mobility ETF 21.3 45 5 5.3 +1.4
ARKQ Ark Industrial Innovation ETF 20.4 75 -25 0.6 -3.2
XNTK SPDR NYSE Technology ETF 18.1 35 15 3.5 -0.4
MOTO SmartETFs Smart Transportation & Technology ETF 17.5 68 -18 7.5 +3.6
KOMP SPDR Kensho New Economies Composite ETF 16.5 20 30 2.5 -1.4
IRBO iShares Robotics & Artificial Intelligence ETF 15.7 47 3 2.6 -1.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 15.5 70 -20 4.2 +0.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 15.5 60 -10 0.3 -3.6
LOUP Innovator Loup Frontier Tech ETF 15.4 70 -20 3.9 -0.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 15.4 70 -20 7.5 +3.6
DTEC ALPS Disruptive Technologies ETF 15.4 50 0 3.5 -0.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 15.0 75 -25 1.9 -2.0
EXI iShares Global Industrials ETF 14.7 46 4 6.3 +2.4
SNSR Global X Internet of Things Thematic ETF 13.9 68 -18 4.4 +0.6
FMK First Trust Mega Cap AlphaDEX Fund 13.5 70 -20 5.2 +1.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 13.2 15 35 4.0 +0.2
BOTZ Global X Robotics & Artificial Intelligence ETF 13.2 68 -18 2.8 -1.1
SFYF SoFi 50 ETF 13.0 29 21 5.1 +1.2
PRNT The 3D Printing ETF 13.0 66 -16 1.2 -2.7
QYLD Global X NASDAQ 100 Covered Call ETF 12.8 60 -10 3.5 -0.4
NUSI Nationwide Risk-Managed Income ETF 12.7 68 -18 3.4 -0.5
GDAT Goldman Sachs Motif Data-Driven World Etf 12.4 50 0 4.8 +0.9
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 12.4 59 -9 3.6 -0.3
PBW Invesco WilderHill Clean Energy ETF 12.3 70 -20 -4.0 -7.8
THNQ ROBO Global Artificial Intelligence ETF 12.3 68 -18 1.8 -2.1
QQQ Invesco QQQ Trust 12.3 20 30 3.7 -0.2
QTUM Defiance Quantum ETF 12.2 40 10 5.6 +1.7
JHMT John Hancock Multifactor Technology ETF 12.2 40 10 4.8 +0.9
PZD Invesco Cleantech ETF 12.0 68 -18 4.7 +0.8
LEGR First Trust Index Digital Transaction & Process Technology E 11.9 65 -15 7.1 +3.2
TECB iShares US Tech Breakthrough Multisector ETF 11.6 40 10 3.9 0.0
XT iShares Exponential Technologies ETF 11.4 47 3 5.0 +1.1
AIQ Global X Future Analytics Tech ETF 11.4 68 -18 3.7 -0.2
SDG iShares Sustainable MSCI Global Impact ETF 11.0 49 1 5.6 +1.7
JKE iShares Morningstar Large-Cap Growth ETF 10.9 25 25 2.8 -1.1
IOO iShares Global 100 ETF 10.9 40 10 4.7 +0.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 10.9 21 29 2.9 -1.0
JHMI John Hancock Multifactor Industrials ETF 10.8 40 10 6.2 +2.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 10.7 8 42 3.4 -0.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 10.7 59 -9 4.1 +0.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 10.6 35 15 4.3 +0.5
CARZ First Trust NASDAQ Global Auto Index Fund 10.6 70 -20 14.7 +10.8
LIT Global X Lithium & Battery Tech ETF 10.6 75 -25 3.0 -0.9
FDMO Fidelity Momentum Factor ETF 10.6 29 21 3.8 -0.1
IGM iShares Expanded Tech Sector ETF 10.6 46 4 3.7 -0.2
QGRO American Century STOXX U.S. Quality Growth ETF 10.6 29 21 3.1 -0.8
SPHQ Invesco S&P 500 Quality ETF 10.5 15 35 4.6 +0.7
DSTL Distillate US Fundamental Stability & Value ETF 10.4 39 11 6.6 +2.7
ESG FlexShares STOXX US ESG Impact Index Fund 10.4 32 18 5.1 +1.2
RPG Invesco S&P 500 Pure Growth ETF 10.4 35 15 4.4 +0.5
GVIP Goldman Sachs Hedge Industry VIP ETF 10.3 45 5 4.6 +0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 10.1 25 25 6.2 +2.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 10.1 57 -7 4.8 +0.9
ARKK ARK Innovation ETF 9.9 75 -25 -2.7 -6.6
WOMN Impact Shares YWCA Women's Empowerment ETF 9.9 75 -25 4.5 +0.6
FDG American Century Focused Dynamic Growth ETF 9.9 45 5 1.7 -2.2
PBD Invesco Global Clean Energy ETF 9.8 75 -25 1.6 -2.3
PEXL Pacer US Export Leaders ETF 9.8 60 -10 6.0 +2.1
RYT Invesco S&P 500 Equal Weight Technology ETF 9.8 40 10 6.7 +2.8
ARKW ARK Web x.0 ETF 9.8 76 -26 -0.8 -4.7
VCR Vanguard Consumer Discretionary Index Fund 9.8 10 40 3.9 +0.1
FTC First Trust Large Cap Growth AlphaDEX Fund 9.7 61 -11 2.8 -1.0
FIDU Fidelity MSCI Industrials Index ETF 9.7 8 42 6.1 +2.3
VIS Vanguard Industrials Index Fund 9.7 10 40 6.1 +2.2
IWL iShares Russell Top 200 ETF 9.6 15 35 5.0 +1.1
BKLC BNY Mellon US Large Cap Core Equity ETF 9.6 0 50 5.2 +1.3
IYJ iShares U.S. Industrials ETF 9.6 42 8 6.0 +2.2
MGC Vanguard Mega Cap Index Fund 9.6 7 43 5.2 +1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 9.5 27 23 5.0 +1.1
NULC Nuveen ESG Large-Cap ETF 9.5 20 30 5.0 +1.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 9.5 49 1 2.1 -1.8
SPXN ProShares S&P 500 Ex-Financials ETF 9.5 27 23 5.0 +1.1
MGK Vanguard Mega Cap Growth ETF 9.4 7 43 4.0 +0.2
OEF iShares S&P 100 ETF 9.4 20 30 4.8 +0.9
IUSG iShares Core S&P US Growth ETF 9.4 4 46 4.3 +0.4
PDP Invesco DWA Momentum ETF 9.3 62 -12 2.7 -1.2
VOOG Vanguard S&P 500 Growth ETF 9.3 10 40 4.2 +0.3
PBUS Invesco PureBeta MSCI USA ETF 9.3 4 46 5.3 +1.4
IVW iShares S&P 500 Growth ETF 9.3 18 32 4.1 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 9.3 4 46 4.3 +0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 9.2 2 48 5.3 +1.4
SOXX iShares PHLX Semiconductor ETF 9.2 46 4 5.2 +1.3
FTXL First Trust Nasdaq Semiconductor ETF 9.2 60 -10 4.8 +0.9
SFY SoFi Select 500 ETF 9.2 0 50 5.2 +1.3
CACG ClearBridge All Cap Growth ETF 9.2 54 -4 4.3 +0.4
VV Vanguard Large-Cap Index Fund 9.2 4 46 5.3 +1.4
XSD SPDR S&P Semiconductor ETF 9.2 35 15 3.9 0.0
SCHX Schwab U.S. Large-Cap ETF 9.1 3 47 5.3 +1.4
IETC iShares Evolved U.S. Technology ETF 9.1 18 32 3.7 -0.2
NACP Impact Shares NAACP Minority Empowerment ETF 9.1 75 -25 4.5 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 9.1 15 35 5.1 +1.2
VUG Vanguard Growth Index Fund 9.1 4 46 4.0 +0.1
URTH iShares MSCI World ETF 9.1 24 26 5.7 +1.8
SCHK Schwab 1000 Index ETF 9.1 5 45 5.3 +1.4

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 Manufacturing Revolution 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 12.7 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.