Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.5x P/Sales
ratio
1.8x
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) $277
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) $57,296
Large cap (>$10bn) 90.5%
Mid cap ($2-10bn) 9.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TWILIO, INC. CLASS A 0.3 %
ABBVIE INC 0.3 %
CBS CORP-CLASS B NON VOTING 0.3 %
TRANSDIGM GROUP INC 0.2 %
FIDELITY NATIONAL FINANCIAL, INC - 0.2 %
UBER TECHNOLOGIES, INC. 0.2 %
AMERIPRISE FINANCIAL INC 0.2 %
DOLLAR TREE INC 0.2 %
AMERICAN INTERNATIONAL GROUP 0.2 %
SOUTHWEST AIRLINES CO 0.2 %
Total 2.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
IRELAND 1.6 %
BRITAIN 0.8 %
BERMUDA 0.7 %
SWITZERLAND 0.7 %
NETHERLANDS 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.6% 6.7% -- -- 6.0%

Market Correlations
versus... Beta R-squared
S&P500 1.11 97%
MSCI EAFE 1.14 87%
MSCI Emg. Mkts. 0.85 74%

Technical Indicators
Recent close $47.74
30d moving avg. $43.80
Annualized volatility 20.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 47
Turnover 0.8%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $268,826

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™: 5.8%


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 80.4 20 -11 6.6 +0.8
EUSA iShares MSCI USA Equal Weighted ETF 77.7 15 -6 6.0 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 76.3 15 -6 5.8 0.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 66.4 35 -26 5.7 -0.1
JHML John Hancock Multifactor Large Cap ETF 62.6 34 -25 5.5 -0.3
FEX First Trust Large Cap Core AlphaDEX Fund 59.6 60 -51 5.9 +0.1
RNLC Large Cap US Equity Select ETF 59.2 60 -51 6.0 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 58.0 9 0 5.6 -0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 58.0 29 -20 6.5 +0.7
SCIU Global X Scientific Beta US ETF 57.5 19 -10 5.7 -0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 53.2 29 -20 7.0 +1.2
IWR iShares Russell Midcap ETF 52.5 19 -10 5.6 -0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 52.2 17 -8 6.4 +0.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 51.5 30 -21 6.6 +0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 50.4 20 -11 6.4 +0.6
PBUS Invesco PureBeta MSCI USA ETF 49.9 4 5 5.3 -0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 49.8 19 -10 6.1 +0.3
PBP Invesco S&P 500 BuyWrite ETF 49.7 49 -40 5.1 -0.7
SCHX Schwab U.S. Large-Cap ETF 49.5 3 6 5.4 -0.5
VV Vanguard Large-Cap Index Fund 49.5 4 5 5.3 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 49.0 2 7 5.4 -0.4
SFY SoFi Select 500 ETF 48.8 0 9 5.3 -0.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 48.8 17 -8 6.8 +1.0
EQAL Invesco Russell 1000 Equal Weight ETF 48.7 20 -11 4.9 -0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 48.7 35 -26 5.7 -0.1
SCHK Schwab 1000 Index ETF 48.7 5 4 5.3 -0.5
IWB iShares Russell 1000 ETF 48.6 15 -6 5.2 -0.6
HSPX Global X S&P 500 Covered Call ETF 48.6 65 -56 4.9 -0.9
VONE Vanguard Russell 1000 ETF 48.4 8 1 5.3 -0.5
IYY iShares Dow Jones U.S. ETF 48.4 20 -11 5.2 -0.6
AVUS Avantis U.S. Equity ETF 47.9 15 -6 5.7 -0.1
IVV iShares Core S&P 500 ETF 47.7 4 5 5.5 -0.4
SPLG SPDR Portfolio Large Cap ETF 47.6 3 6 5.5 -0.4
SPY SPDR S&P 500 ETF Trust 47.6 9 -0 5.4 -0.4
VTI Vanguard Total Stock Market Index Fund 47.5 3 6 5.2 -0.6
VOO VANGUARD S&P 500 ETF 47.3 3 6 5.5 -0.4
SCHB Schwab U.S. Broad Market ETF 47.3 3 6 5.3 -0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 47.2 3 6 5.2 -0.6
IWV iShares Russell 3000 ETF 47.0 20 -11 5.1 -0.7
VTHR Vanguard Russell 3000 Index Fund 46.9 10 -1 5.2 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 46.7 27 -18 5.4 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 46.6 20 -11 5.5 -0.4
SPTM SPDR Portfolio Total Stock Market ETF 46.3 3 6 5.6 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 46.3 27 -18 5.6 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 46.2 8 1 6.4 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 45.9 15 -6 5.8 -0.0
PRF Invesco FTSE RAFI US 1000 ETF 45.9 39 -30 6.6 +0.8
VLU SPDR S&P 1500 Value Tilt ETF 45.6 12 -3 7.1 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 45.5 29 -20 5.3 -0.5
JHMM John Hancock Multifactor Mid Cap ETF 45.5 44 -35 5.6 -0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 45.1 25 -16 6.4 +0.6
VO Vanguard Mid-Cap Index Fund 44.5 4 5 5.4 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 44.2 25 -16 6.4 +0.6
RWL Invesco S&P 500 Revenue ETF 44.1 39 -30 6.7 +0.8
IVE iShares S&P 500 Value ETF 43.8 18 -9 7.0 +1.2
SPYV SPDR Portfolio S&P 500 Value ETF 43.8 4 5 7.2 +1.3
VOOV Vanguard S&P 500 Value ETF 43.7 15 -6 7.1 +1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 43.6 27 -18 5.1 -0.7
RBUS Nationwide Risk-Based U.S. Equity ETF 43.5 30 -21 5.1 -0.8
IWD iShares Russell 1000 Value ETF 43.1 19 -10 6.9 +1.1
IUSV iShares Core S&P U.S. Value ETF 43.0 4 5 7.2 +1.4
VONV Vanguard Russell 1000 Value Index Fund 42.8 8 1 7.0 +1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 42.2 25 -16 6.1 +0.2
ESGV Vanguard ESG U.S. Stock ETF 41.9 12 -3 5.3 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 41.7 27 -18 5.1 -0.7
RNDV US Equity Dividend Select ETF 41.6 50 -41 7.4 +1.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 41.6 35 -26 5.8 -0.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 41.5 29 -20 6.1 +0.2
ESGU iShares MSCI USA ESG Optimized ETF 41.4 15 -6 5.1 -0.7
IUS Invesco Strategic US ETF 40.6 19 -10 6.2 +0.3
TOK iShares MSCI Kokusai ETF 40.5 25 -16 5.7 -0.1
BFOR Barron's 400 ETF 40.2 66 -57 6.2 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.4 20 -11 5.0 -0.8
SCHV Schwab U.S. Large-Cap Value ETF 39.3 4 5 6.9 +1.1
DIVB iShares U.S. Dividend & Buyback ETF 39.0 25 -16 6.3 +0.5
DTD WisdomTree U.S.Total Dividend Fund 38.8 28 -19 6.5 +0.7
URTH iShares MSCI World ETF 38.7 24 -15 5.8 -0.0
MGC Vanguard Mega Cap Index Fund 38.7 7 2 5.3 -0.5
TUSA First Trust Total US Market AlphaDEX ETF 38.7 70 -61 5.9 +0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 38.6 28 -19 6.3 +0.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 38.3 34 -25 5.2 -0.6
VTV Vanguard Value Index Fund 37.8 4 5 7.1 +1.3
EXT WisdomTree U.S. Total Earnings Fund 37.7 28 -19 5.7 -0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 37.6 75 -66 3.7 -2.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 37.5 12 -3 5.1 -0.7
IQSU IQ Candriam ESG US Equity ETF 37.5 9 0 5.3 -0.6
IWS iShares Russell Mid-Cap Value ETF 37.3 24 -15 6.9 +1.1
TPLC Timothy Plan US Large Cap Core ETF 37.0 52 -43 5.3 -0.5
ROUS Hartford Multifactor US Equity ETF 37.0 19 -10 7.1 +1.3
AFLG First Trust Active Factor Large Cap ETF 37.0 55 -46 5.6 -0.3
VEGN US Vegan Climate ETF 35.9 60 -51 5.3 -0.6
ACWI iShares MSCI ACWI ETF 35.6 32 -23 6.0 +0.2
SUSL iShares ESG MSCI USA Leaders ETF 35.6 10 -1 5.4 -0.4
SNPE Xtrackers S&P 500 ESG ETF 35.5 11 -2 5.2 -0.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.4 10 -1 5.4 -0.4
DSI iShares MSCI KLD 400 Social ETF 35.2 25 -16 5.2 -0.6
JMOM JPMorgan U.S. Momentum Factor ETF 35.0 12 -3 3.9 -1.9
IUSG iShares Core S&P US Growth ETF 34.8 4 5 4.5 -1.3
FTC First Trust Large Cap Growth AlphaDEX Fund 34.7 61 -52 3.0 -2.8
SPYG SPDR Portfolio S&P 500 Growth ETF 34.7 4 5 4.5 -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 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 14.7 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.53
 
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.