Goldman Sachs MarketBeta International Equity ETF
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.3x P/Sales
ratio
1.4x
P/BV
ratio
1.7x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GSID tracks an index of developed markets ex-US equities, selected and weighted by market capitalization.

FUND BASICS
Category International Equities
Fund Sponsor Goldman Sachs
Website www.gsam.com
Inception date May 12, 2020
Assets (mns) $320
Currency USD
Expense ratio 20 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 989
Wgt avg mkt cap (mns) $71,014
Large cap (>$10bn) 86.6%
Mid cap ($2-10bn) 12.3%
Small cap (<$2bn) 0.3%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
NESTLE SA-REG 2.0 %
ROCHE HOLDING AG-GENUSSCHEIN 1.5 %
ASML HOLDING NV 1.4 %
NOVARTIS AG-REG 1.4 %
TOYOTA MOTOR CORP 1.0 %
AIA GROUP LTD 1.0 %
LVMH MOET HENNESSY LOUIS VUI 1.0 %
UNILEVER PLC 0.9 %
ASTRAZENECA PLC 0.8 %
SAP AG 0.8 %
Total 11.8 %

TOP COUNTRY EXPOSURE
JAPAN 26.0 %
BRITAIN 14.0 %
SWITZERLAND 8.7 %
FRANCE 8.6 %
GERMANY 8.0 %
AUSTRALIA 6.9 %
NETHERLANDS 3.7 %
HONG KONG 3.4 %
SWEDEN 3.4 %
SPAIN 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.3% -- -- -- 21.3%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $53.35
30d moving avg. $52.51
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.1%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $70,848

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Goldman Sachs MarketBeta International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with GSID. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GSID Expense: 20 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GSID
Ticker Fund
Name
Overlap1
vs GSID
(%)
Expense
ratio
(bp)
Savings
vs GSID
(bp)
ALTAR
Score™
(%)
ALTAR
vs GSID
(%)
EFA iShares MSCI EAFE ETF 90.3 32 -12 6.3 -0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 88.8 35 -15 6.1 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 84.1 20 0 6.5 +0.1
DFAI Dimensional International Core Equity Market ETF 83.7 18 2 6.4 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 82.9 7 13 6.6 +0.2
BKIE BNY Mellon International Equity ETF 82.9 4 16 6.6 +0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 82.6 20 0 6.5 +0.1
IEFA iShares Core MSCI EAFE ETF 80.6 7 13 6.6 +0.2
SCHF Schwab International Equity ETF 76.4 6 14 6.6 +0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 72.9 20 0 6.2 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 72.7 5 15 6.5 +0.1
IQSI IQ Candriam ESG International Equity ETF 72.0 15 5 6.4 +0.1
JHMD John Hancock Multifactor Developed International ETF 70.5 39 -19 6.6 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 68.3 4 16 6.3 -0.1
VEA Vanguard FTSE Developed Markets ETF 67.9 5 15 6.6 +0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 66.1 35 -15 6.0 -0.4
QEFA SPDR MSCI EAFE Quality Mix ETF 63.8 30 -10 6.0 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 61.6 45 -25 7.7 +1.3
VSGX Vanguard ESG International Stock ETF 58.9 17 3 6.4 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 58.4 25 -5 6.1 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 58.1 32 -12 6.4 +0.0
PDEV Principal International Multi-Factor Core Index ETF 57.9 25 -5 7.1 +0.7
CWI SPDR MSCI ACWI ex-US ETF 57.1 30 -10 6.3 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 57.1 25 -5 7.7 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 56.8 40 -20 6.1 -0.2
IEUR iShares Core MSCI Europe ETF 56.5 9 11 6.6 +0.3
SPEU SPDR Portfolio Europe ETF 56.3 9 11 6.8 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 56.3 9 11 6.7 +0.4
FLEE Franklin FTSE Europe ETF 55.9 9 11 6.5 +0.1
FLEH Franklin FTSE Europe Hedged ETF 55.9 9 11 6.5 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 55.9 40 -20 7.3 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 55.8 8 12 6.8 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 55.6 39 -19 5.6 -0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 55.0 45 -25 6.0 -0.4
VGK Vanguard FTSE Europe ETF 54.7 8 12 6.8 +0.4
DWM WisdomTree International Equity Fund 54.6 48 -28 7.2 +0.9
IEV iShares Europe ETF 54.5 59 -39 6.3 -0.1
DOL WisdomTree International LargeCap Dividend Fund 52.1 48 -28 7.2 +0.8
EFV iShares MSCI EAFE Value ETF 51.7 39 -19 8.4 +2.0
IXUS ishares Core MSCI Total International Stock ETF 51.1 9 11 6.6 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 49.9 39 -19 7.5 +1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 48.4 25 -5 5.9 -0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 47.8 12 8 6.2 -0.1
EFG iShares MSCI EAFE Growth ETF 47.1 40 -20 4.1 -2.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 47.1 16 4 6.1 -0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 46.9 14 6 6.1 -0.2
ISZE iShares Edge MSCI Intl Size Factor ETF 46.6 30 -10 6.4 -0.0
CIL VictoryShares International Volatility Weighted Index ETF 46.5 45 -25 6.4 +0.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 46.4 45 -25 6.4 +0.0
ISDX Invesco RAFI Strategic Developed ex-US ETF 46.0 23 -3 6.3 -0.1
IQIN IQ 500 International ETF 45.2 25 -5 7.6 +1.2
AVDE Avantis International Equity ETF 43.6 23 -3 7.0 +0.6
VXUS Vanguard Total International Stock ETF 43.2 8 12 6.7 +0.3
RESD WisdomTree International ESG Fund 42.1 30 -10 6.5 +0.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 38.5 29 -9 7.1 +0.8
VPL Vanguard FTSE Pacific ETF 37.2 8 12 6.5 +0.1
IPAC iShares Core MSCI Pacific ETF 36.9 9 11 6.4 -0.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 36.4 30 -10 5.3 -1.1
VYMI Vanguard International High Dividend Yield ETF 35.6 27 -7 9.0 +2.7
TPIF Timothy Plan International ETF 35.3 62 -42 6.1 -0.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 34.6 24 -4 6.6 +0.2
IVLU iShares Edge MSCI Intl Value Factor ETF 34.5 30 -10 10.0 +3.7
ESGG FlexShares STOXX Global ESG Impact Index Fund 33.3 42 -22 4.7 -1.7
RBIN Nationwide Risk-Based International Equity ETF 32.6 42 -22 6.1 -0.3
RNDM First Trust Developed International Equity Select ETF 32.3 65 -45 5.8 -0.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 32.0 30 -10 4.2 -2.2
QWLD SPDR MSCI World StrategicFactors ETF 30.3 30 -10 5.4 -0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 29.8 20 0 5.0 -1.4
URTH iShares MSCI World ETF 29.2 24 -4 5.0 -1.3
JPIN JPMorgan Diversified Return International Equity ETF 29.1 37 -17 7.1 +0.7
NUDM Nuveen ESG International Developed Markets Equity ETF 28.7 40 -20 6.0 -0.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 27.9 45 -25 6.2 -0.2
VWID Virtus WMC International Dividend ETF 27.7 49 -29 7.4 +1.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 27.4 45 -25 6.0 -0.4
EZU iShares MSCI Eurozone ETF 27.3 51 -31 6.0 -0.4
FDEV Fidelity Targeted International Factor ETF 27.1 39 -19 6.2 -0.2
EURZ Xtrackers Eurozone Equity ETF 26.8 9 11 6.6 +0.2
QINT American Century Quality Diversified International ETF 26.2 39 -19 5.8 -0.6
IOO iShares Global 100 ETF 26.0 40 -20 4.4 -2.0
FLJP Franklin FTSE Japan ETF 25.9 9 11 6.6 +0.2
FLJH Franklin FTSE Japan Hedged ETF 25.9 9 11 6.5 +0.2
BBJP JPMorgan BetaBuilders Japan ETF 25.7 19 1 6.5 +0.1
ZJPN SPDR Solactive Japan ETF 25.5 14 6 6.6 +0.2
EWJ iShares MSCI Japan ETF 25.4 51 -31 6.1 -0.2
ACWI iShares MSCI ACWI ETF 25.3 32 -12 5.2 -1.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 25.3 45 -25 6.1 -0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.2 29 -9 7.3 +0.9
FIVA Fidelity International Value Factor ETF 25.1 39 -19 8.7 +2.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 25.1 25 -5 6.3 -0.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 24.9 58 -38 6.5 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 24.5 20 0 5.4 -1.0
DTH WisdomTree International High Dividend Fund 24.4 58 -38 8.7 +2.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 24.4 20 0 5.4 -1.0
JPXN iShares JPX-Nikkei 400 ETF 24.4 48 -28 6.3 -0.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 24.3 9 11 6.7 +0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 24.2 35 -15 7.8 +1.4
IDHQ Invesco S&P International Developed Quality ETF 23.7 29 -9 4.8 -1.5

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 MarketBeta International 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 10.3 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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