Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.7x P/Sales
ratio
1.9x
P/BV
ratio
2.6x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF tracks an equal-weighted index of US large-cap stocks.

FUND BASICS
Category US Equities
Fund Sponsor Goldman Sachs
Website www.gsam.com
Inception date Sep 12, 2017
Assets (mns) $352
Currency USD
Expense ratio 9 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 495
Wgt avg mkt cap (mns) $64,028
Large cap (>$10bn) 92.2%
Mid cap ($2-10bn) 7.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SNAP, INC. CLASS A 0.3 %
ALIGN TECHNOLOGY INC 0.3 %
EXACT SCIENCES CORP 0.2 %
XILINX INC 0.2 %
IDEXX LABORATORIES INC 0.2 %
GENERAL ELECTRIC CO 0.2 %
MARKETAXESS HOLDINGS INC 0.2 %
WATERS CORP 0.2 %
GENERAL MOTORS CO 0.2 %
ZOOM VIDEO COMMUNICATIONS, INC. CL 0.2 %
Total 2.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
IRELAND 1.6 %
BRITAIN 0.8 %
SWITZERLAND 0.6 %
BERMUDA 0.6 %
NETHERLANDS 0.2 %





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.
-0.4% 7.2% -- -- 8.4%

Market Correlations
versus... Beta R-squared
S&P500 1.07 96%
MSCI EAFE 1.11 85%
MSCI Emg. Mkts. 0.80 71%

Technical Indicators
Recent close $50.64
30d moving avg. $50.68
Annualized volatility 19.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 45
Turnover 0.7%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $265,562

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Goldman Sachs Equal Weight U.S. Large Cap Equity ETF ETF based on the alternatives' overlap in portfolio holdings with GSEW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GSEW Expense: 9 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GSEW
Ticker Fund
Name
Overlap1
vs GSEW
(%)
Expense
ratio
(bp)
Savings
vs GSEW
(bp)
ALTAR
Score™
(%)
ALTAR
vs GSEW
(%)
RSP Invesco S&P 500 Equal Weight ETF 82.6 20 -11 6.5 +0.6
EUSA iShares MSCI USA Equal Weighted ETF 79.2 15 -6 6.1 +0.2
SIZE iShares MSCI USA Size Factor ETF 76.7 15 -6 6.0 +0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 71.3 35 -26 5.7 -0.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 71.3 35 -26 5.7 -0.2
SCIU Global X Scientific Beta US ETF 64.5 19 -10 0.0 -5.9
JHML John Hancock Multifactor Large Cap ETF 62.8 29 -20 5.4 -0.5
FEX First Trust Large Cap Core AlphaDEX Fund 59.1 60 -51 5.8 -0.1
RNLC Large Cap US Equity Select ETF 58.4 60 -51 6.1 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 56.8 9 0 5.4 -0.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 56.4 29 -20 6.8 +0.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 55.9 17 -8 6.3 +0.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 55.2 4 5 5.2 -0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 54.9 20 -11 6.3 +0.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 52.9 17 -8 6.8 +0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 52.7 35 -26 5.4 -0.5
IWR iShares Russell Midcap ETF 52.3 19 -10 5.4 -0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 51.1 29 -20 7.5 +1.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 51.1 30 -21 6.6 +0.7
VO Vanguard Mid-Cap Index Fund 50.6 4 5 5.1 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 50.0 18 -9 6.1 +0.2
PBUS Invesco PureBeta MSCI USA ETF 49.8 4 5 5.1 -0.9
SCHX Schwab U.S. Large-Cap ETF 49.2 3 6 5.0 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 48.9 2 7 5.1 -0.8
VV Vanguard Large-Cap Index Fund 48.9 4 5 5.1 -0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 48.7 7 2 5.1 -0.9
SCHK Schwab 1000 Index ETF 48.5 5 4 5.1 -0.8
VONV Vanguard Russell 1000 Value Index Fund 48.4 8 1 7.0 +1.1
IWD iShares Russell 1000 Value ETF 48.2 19 -10 6.9 +1.0
IYY iShares Dow Jones U.S. ETF 48.2 20 -11 4.9 -1.0
IWB iShares Russell 1000 ETF 48.2 15 -6 5.0 -1.0
HSPX Global X S&P 500 Covered Call ETF 48.1 60 -51 4.8 -1.1
PBP Invesco S&P 500 BuyWrite ETF 47.9 49 -40 4.9 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 47.7 15 -6 5.8 -0.1
SFY SoFi Select 500 ETF 47.6 0 9 5.0 -0.9
XYLG Global X S&P 500 Covered Call & Growth ETF 47.6 60 -51 4.9 -1.0
VONE Vanguard Russell 1000 ETF 47.4 8 1 5.0 -0.9
IVV iShares Core S&P 500 ETF 47.4 3 6 5.3 -0.7
SPY SPDR S&P 500 ETF Trust 47.4 9 -0 5.2 -0.7
SPLG SPDR Portfolio Large Cap ETF 47.3 3 6 5.3 -0.7
SCHV Schwab U.S. Large-Cap Value ETF 47.2 4 5 6.8 +0.9
AVUS Avantis U.S. Equity ETF 47.0 15 -6 5.5 -0.4
EQAL Invesco Russell 1000 Equal Weight ETF 47.0 20 -11 5.9 -0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 47.0 20 -11 5.2 -0.7
ESGU iShares MSCI USA ESG Optimized ETF 46.9 15 -6 4.9 -1.0
VOO VANGUARD S&P 500 ETF 46.9 3 6 5.3 -0.6
VTHR Vanguard Russell 3000 Index Fund 46.7 10 -1 4.9 -1.0
SCHB Schwab U.S. Broad Market ETF 46.7 3 6 5.0 -0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 46.6 3 6 4.9 -1.0
PRF Invesco FTSE RAFI US 1000 ETF 46.5 39 -30 6.8 +0.9
IWV iShares Russell 3000 ETF 46.4 20 -11 4.8 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 46.2 29 -20 5.0 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 46.0 27 -18 5.1 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 45.9 27 -18 5.5 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 45.8 8 1 6.4 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 45.8 25 -16 6.7 +0.8
SPTM SPDR Portfolio Total Stock Market ETF 45.7 3 6 5.4 -0.5
VOOV Vanguard S&P 500 Value ETF 45.7 10 -1 7.3 +1.4
VLU SPDR S&P 1500 Value Tilt ETF 45.6 12 -3 7.3 +1.4
TPLC Timothy Plan US Large Cap Core ETF 45.6 52 -43 5.3 -0.7
VTI Vanguard Total Stock Market Index Fund 45.6 3 6 4.9 -1.0
SPYV SPDR Portfolio S&P 500 Value ETF 44.8 4 5 7.4 +1.5
IVE iShares S&P 500 Value ETF 44.8 18 -9 7.2 +1.3
RWL Invesco S&P 500 Revenue ETF 44.6 39 -30 7.2 +1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 44.6 25 -16 6.7 +0.8
JHMM John Hancock Multifactor Mid Cap ETF 44.5 42 -33 5.5 -0.5
ESGV Vanguard ESG U.S. Stock ETF 44.3 12 -3 5.0 -1.0
RBUS Nationwide Risk-Based U.S. Equity ETF 44.1 30 -21 4.6 -1.3
IUSV iShares Core S&P U.S. Value ETF 43.9 4 5 7.5 +1.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 43.1 29 -20 5.9 0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 42.3 27 -18 4.9 -1.0
IWS iShares Russell Mid-Cap Value ETF 42.1 24 -15 6.9 +1.0
IUS Invesco Strategic US ETF 42.0 19 -10 6.5 +0.5
ROUS Hartford Multifactor US Equity ETF 41.3 19 -10 6.4 +0.5
VTV Vanguard Value Index Fund 41.2 4 5 7.4 +1.5
SPXN ProShares S&P 500 Ex-Financials ETF 41.2 27 -18 4.8 -1.1
DIVB iShares U.S. Dividend & Buyback ETF 41.2 25 -16 6.9 +1.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 41.1 25 -16 6.2 +0.3
TOK iShares MSCI Kokusai ETF 40.9 25 -16 5.5 -0.4
KOKU Xtrackers MSCI Kokusai Equity ETF 40.8 9 0 5.6 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.6 20 -11 4.8 -1.1
TUSA First Trust Total US Market AlphaDEX ETF 39.4 70 -61 5.7 -0.3
DTD WisdomTree U.S.Total Dividend Fund 39.0 28 -19 6.7 +0.8
URTH iShares MSCI World ETF 38.9 24 -15 5.6 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 38.9 28 -19 6.5 +0.6
BFOR Barron's 400 ETF 38.7 65 -56 6.4 +0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 37.8 75 -66 3.8 -2.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 37.7 20 -11 6.9 +1.0
USXF iShares ESG Advanced MSCI USA ETF 37.5 10 -1 4.9 -1.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 37.3 34 -25 4.6 -1.3
IQSU IQ Candriam ESG US Equity ETF 37.3 9 0 4.9 -1.0
AFLG First Trust Active Factor Large Cap ETF 37.2 55 -46 5.3 -0.6
MGC Vanguard Mega Cap Index Fund 36.8 7 2 5.0 -0.9
VEGN US Vegan Climate ETF 36.7 60 -51 5.0 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 36.5 12 -3 4.6 -1.4
EXT WisdomTree U.S. Total Earnings Fund 35.9 28 -19 5.4 -0.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 35.8 24 -15 6.0 +0.1
DSI iShares MSCI KLD 400 Social ETF 35.8 25 -16 5.0 -0.9
RNDV US Equity Dividend Select ETF 35.6 50 -41 7.8 +1.9
ACWI iShares MSCI ACWI ETF 35.3 32 -23 5.7 -0.2

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 Equal Weight U.S. Large Cap Equity 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 14.6 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.