Goldman Sachs MarketBeta International Equity ETF
ALTAR
Score™
7.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
2.8%


  • 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) $211
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 978
Wgt avg mkt cap (mns) $62,466
Large cap (>$10bn) 83.6%
Mid cap ($2-10bn) 15.3%
Small cap (<$2bn) 0.4%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
NESTLE SA-REG 2.5 %
ROCHE HOLDING AG-GENUSSCHEIN 1.8 %
NOVARTIS AG-REG 1.5 %
ASML HOLDING NV 1.1 %
ASTRAZENECA PLC 1.1 %
TOYOTA MOTOR CORP 1.0 %
LVMH MOET HENNESSY LOUIS VUI 0.8 %
SANOFI-AVENTIS 0.8 %
NOVO NORDISK A/S-B 0.8 %
AIA GROUP LTD 0.8 %
Total 12.3 %

TOP COUNTRY EXPOSURE
JAPAN 25.3 %
BRITAIN 13.7 %
SWITZERLAND 9.9 %
FRANCE 8.9 %
GERMANY 7.4 %
AUSTRALIA 6.8 %
NETHERLANDS 4.7 %
SWEDEN 3.5 %
HONG KONG 3.4 %
DENMARK 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.6% -- -- -- 1.6%

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

Technical Indicators
Recent close $45.88
30d moving avg. $45.09
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.2%
Bid/Ask (% of price) 0.80%
ADV underlying (mns) $56,162

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.4%


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 91.0 32 -12 7.1 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 90.8 35 -15 6.9 -0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 85.1 20 0 7.1 -0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 84.8 20 0 7.4 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 84.6 7 13 7.6 +0.2
BKIE BNY Mellon International Equity ETF 83.9 4 16 7.4 -0.0
IEFA iShares Core MSCI EAFE ETF 81.4 7 13 7.3 -0.1
SCHF Schwab International Equity ETF 78.2 6 14 7.4 -0.0
IDEV iShares Core MSCI International Developed Markets ETF 73.8 5 15 7.2 -0.2
JHMD John Hancock Multifactor Developed International ETF 71.0 39 -19 7.5 +0.1
IQSI IQ Candriam ESG International Equity ETF 70.8 15 5 7.3 -0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 70.7 20 0 6.9 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 70.0 4 16 7.1 -0.2
VEA Vanguard FTSE Developed Markets ETF 68.5 5 15 7.4 +0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 65.5 30 -10 6.9 -0.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 64.9 35 -15 7.1 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 62.8 45 -25 8.9 +1.5
FNDF Schwab Fundamental International Large Co. Index ETF 60.6 25 -5 8.8 +1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 60.5 35 -15 8.6 +1.2
DWM WisdomTree International Equity Fund 60.2 48 -28 8.4 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 60.1 25 -5 6.6 -0.8
ACWX iShares MSCI ACWI ex U.S. ETF 59.9 32 -12 7.2 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 59.4 40 -20 7.0 -0.4
CWI SPDR MSCI ACWI ex-US ETF 58.5 30 -10 7.1 -0.3
FLEH Franklin FTSE Europe Hedged ETF 58.0 9 11 7.1 -0.3
FLEE Franklin FTSE Europe ETF 58.0 9 11 7.0 -0.4
FEU SPDR Portfolio Europe ETF 58.0 9 11 7.3 -0.1
IEUR iShares Core MSCI Europe ETF 57.9 9 11 7.2 -0.2
BBEU JPMorgan BetaBuilders Europe ETF 57.8 9 11 7.3 -0.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 57.8 30 -10 6.8 -0.6
VGK Vanguard FTSE Europe ETF 57.4 8 12 7.4 0.0
VEU Vanguard FTSE All-World ex-US Index Fund 57.2 8 12 7.5 +0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 56.8 45 -25 6.6 -0.8
PDEV Principal International Multi-Factor Core Index ETF 56.5 25 -5 7.9 +0.5
IEV iShares Europe ETF 55.7 59 -39 6.8 -0.6
DOL WisdomTree International LargeCap Dividend Fund 55.1 48 -28 8.7 +1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 54.8 39 -19 6.5 -0.9
IXUS ishares Core MSCI Total International Stock ETF 52.9 9 11 7.3 -0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 51.6 39 -19 8.4 +1.0
VXUS Vanguard Total International Stock Index Fund 51.3 8 12 7.5 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 51.1 25 -5 6.5 -0.9
VSGX Vanguard ESG International Stock ETF 50.4 17 3 7.1 -0.3
EFV iShares MSCI EAFE Value ETF 50.4 39 -19 9.7 +2.3
EFG iShares MSCI EAFE Growth ETF 49.2 40 -20 4.5 -2.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 48.9 16 4 6.8 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 48.8 14 6 7.0 -0.4
ISDX Invesco Strategic Developed ex-US ETF 48.4 23 -3 7.4 0.0
ISZE iShares Edge MSCI Intl Size Factor ETF 47.5 30 -10 7.3 -0.1
IQIN IQ 500 International ETF 46.1 25 -5 8.8 +1.5
CIL VictoryShares International Volatility Weighted Index ETF 45.9 45 -25 6.8 -0.6
IDY Pacific Global International Equity Income ETF 44.0 39 -19 8.1 +0.7
AVDE Avantis International Equity ETF 40.0 23 -3 7.8 +0.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 39.8 30 -10 0.0 -7.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 38.2 29 -9 7.7 +0.3
VYMI Vanguard International High Dividend Yield ETF 37.6 32 -12 10.1 +2.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 37.5 30 -10 6.1 -1.3
RNDM Developed International Equity Select ETF 36.5 65 -45 6.3 -1.1
VPL Vanguard FTSE Pacific ETF 36.2 8 12 7.7 +0.3
IPAC iShares Core MSCI Pacific ETF 35.7 9 11 7.4 -0.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 35.6 24 -4 7.2 -0.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 35.3 30 -10 4.3 -3.1
RFDI First Trust Riverfront Dynamic Developed International ETF 34.3 83 -63 5.6 -1.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 33.1 45 -25 6.7 -0.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 33.0 20 0 5.5 -1.8
RBIN Nationwide Risk-Based International Equity ETF 32.6 42 -22 6.2 -1.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 31.8 42 -22 5.3 -2.1
QINT American Century Quality Diversified International ETF 31.3 39 -19 5.7 -1.7
QWLD SPDR MSCI World StrategicFactors ETF 31.0 30 -10 6.0 -1.4
SCID Global X Scientific Beta Europe ETF 30.7 39 -19 6.4 -1.0
VGFO Virtus WMC Global Factor Opportunities ETF 30.3 49 -29 7.9 +0.6
FDEV Fidelity Targeted International Factor ETF 30.1 39 -19 6.6 -0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 29.8 30 -10 11.6 +4.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 29.2 45 -25 7.2 -0.2
URTH iShares MSCI World ETF 28.8 24 -4 5.5 -1.8
IGRO iShares International Dividend Growth ETF 28.5 22 -2 8.1 +0.7
DTH WisdomTree DEFA Equity Income Fund 28.4 58 -38 9.8 +2.5
JPIN JPMorgan Diversified Return International Equity ETF 28.3 37 -17 7.9 +0.6
IDHQ Invesco S&P International Developed Quality ETF 28.3 29 -9 5.1 -2.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 28.2 45 -25 6.7 -0.7
EZU iShares MSCI Eurozone ETF 27.7 49 -29 6.6 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 27.6 40 -20 6.8 -0.5
EURZ Xtrackers Eurozone Equity ETF 27.6 9 11 7.0 -0.4
OEUR O'shares FTSE Europe Quality Dividend ETF 27.2 48 -28 6.7 -0.7
EUMV iShares Edge MSCI Min Vol Europe ETF 26.8 25 -5 5.0 -2.4
IDMO Invesco S&P International Developed Momentum ETF 26.5 26 -6 4.5 -2.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.4 29 -9 8.7 +1.3
IOO iShares Global 100 ETF 26.0 40 -20 4.6 -2.8
FIVA Fidelity International Value Factor ETF 25.6 39 -19 10.0 +2.6
ACWI iShares MSCI ACWI ETF 25.4 32 -12 5.7 -1.7
BBJP JPMorgan BetaBuilders Japan ETF 25.0 19 1 7.6 +0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 24.9 35 -15 8.6 +1.3
EWJ iShares MSCI Japan ETF 24.8 49 -29 7.3 -0.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 24.8 20 0 5.9 -1.5
IDLV Invesco S&P International Developed Low Volatility ETF 24.8 25 -5 6.8 -0.6
FLJH Franklin FTSE Japan Hedged ETF 24.7 9 11 7.8 +0.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 24.7 30 -10 7.6 +0.2
FLJP Franklin FTSE Japan ETF 24.7 9 11 7.8 +0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 24.7 45 -25 7.4 +0.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 24.7 20 0 5.9 -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 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 10.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.59
 
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.