Goldman Sachs MarketBeta U.S. Equity ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.3x P/Sales
ratio
2.7x
P/BV
ratio
3.6x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GSUS tracks an index of US equities, selected and weighted by market capitalization.

FUND BASICS
Category US Equities
Fund Sponsor Goldman Sachs
Website www.gsam.com
Inception date May 12, 2020
Assets (mns) $229
Currency USD
Expense ratio 7 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 504
Wgt avg mkt cap (mns) $445,998
Large cap (>$10bn) 98.6%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 6.9 %
MICROSOFT CORP 5.8 %
AMAZON.COM INC 4.7 %
FACEBOOK 2.2 %
ALPHABET INC. CLASS A 1.6 %
ALPHABET INC. CLASS C 1.6 %
JOHNSON & JOHNSON 1.4 %
VISA INC-CLASS A SHARES 1.2 %
PROCTER & GAMBLE CO/THE 1.2 %
UNITEDHEALTH GROUP INC 1.0 %
Total 27.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.1 %
IRELAND 1.5 %
BRITAIN 1.1 %
SWITZERLAND 0.3 %
ARGENTINA 0.2 %
BERMUDA 0.2 %
LUXEMBOURG 0.1 %
CHINA 0.1 %
SINGAPORE 0.0 %


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.
5.5% -- -- -- 5.5%

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

Technical Indicators
Recent close $46.22
30d moving avg. $44.15
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.0%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $239,512

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GSUS Expense: 7 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GSUS
Ticker Fund
Name
Overlap1
vs GSUS
(%)
Expense
ratio
(bp)
Savings
vs GSUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs GSUS
(%)
BBUS JP Morgan Betabuilders U.S. Equity ETF 95.7 2 5 5.1 +0.1
PBUS Invesco PureBeta MSCI USA ETF 95.0 4 3 5.1 +0.0
PBP Invesco S&P 500 BuyWrite ETF 94.9 49 -42 4.8 -0.2
VV Vanguard Large-Cap Index Fund 94.8 4 3 5.0 +0.0
SPY SPDR S&P 500 ETF Trust 94.6 9 -2 5.2 +0.1
IVV iShares Core S&P 500 ETF 94.6 4 3 5.2 +0.2
SPLG SPDR Portfolio Large Cap ETF 94.6 3 4 5.2 +0.2
HSPX Global X S&P 500 Covered Call ETF 94.5 65 -58 4.7 -0.4
VOO VANGUARD S&P 500 ETF 94.5 3 4 5.2 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 93.1 20 -13 5.1 +0.1
SCHX Schwab U.S. Large-Cap ETF 92.8 3 4 5.1 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 92.5 27 -20 5.1 +0.1
SCHK Schwab 1000 Index ETF 90.0 5 2 5.1 +0.1
VONE Vanguard Russell 1000 ETF 89.9 8 -1 5.0 -0.0
IWB iShares Russell 1000 ETF 89.6 15 -8 4.9 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 89.5 3 4 5.3 +0.3
IYY iShares Dow Jones U.S. ETF 89.0 20 -13 5.0 -0.0
SCHB Schwab U.S. Broad Market ETF 85.5 3 4 5.0 +0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 85.1 3 4 5.0 -0.0
IWV iShares Russell 3000 ETF 84.9 20 -13 4.8 -0.2
VTHR Vanguard Russell 3000 Index Fund 84.8 10 -3 4.9 -0.1
MGC Vanguard Mega Cap Index Fund 84.8 7 0 5.0 -0.0
ESGV Vanguard ESG U.S. Stock ETF 84.2 12 -5 4.9 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 83.6 27 -20 4.8 -0.3
VTI Vanguard Total Stock Market Index Fund 82.8 3 4 4.9 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 82.7 15 -8 4.9 -0.1
IWL iShares Russell Top 200 ETF 81.6 15 -8 4.8 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 81.2 29 -22 5.0 0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 81.2 27 -20 4.8 -0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 80.9 0 7 4.9 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 80.7 20 -13 4.7 -0.3
SFY SoFi Select 500 ETF 79.8 0 7 5.0 +0.0
JHML John Hancock Multifactor Large Cap ETF 75.2 29 -22 5.4 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 74.1 9 -2 5.3 +0.3
SNPE Xtrackers S&P 500 ESG ETF 74.1 11 -4 4.9 -0.1
EPS WisdomTree U.S. Earnings 500 Fund 73.9 8 -1 6.3 +1.3
IQSU IQ Candriam ESG US Equity ETF 72.8 9 -2 4.9 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 72.6 12 -5 4.4 -0.6
VOOG Vanguard S&P 500 Growth ETF 68.9 10 -3 4.1 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 68.9 4 3 4.2 -0.9
IVW iShares S&P 500 Growth ETF 68.9 18 -11 4.0 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 68.3 27 -20 5.4 +0.4
KOKU Xtrackers MSCI Kokusai Equity ETF 68.1 9 -2 5.5 +0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 68.1 25 -18 6.3 +1.3
IUSG iShares Core S&P US Growth ETF 68.0 4 3 4.2 -0.8
TOK iShares MSCI Kokusai ETF 67.7 25 -18 5.4 +0.4
AVUS Avantis U.S. Equity ETF 67.1 15 -8 5.5 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 66.8 25 -18 6.2 +1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 65.9 60 -53 4.0 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 65.7 15 -8 5.7 +0.7
ESG FlexShares STOXX US ESG Impact Index Fund 65.0 32 -25 4.9 -0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 64.6 25 -18 6.2 +1.2
OEF iShares S&P 100 ETF 64.5 20 -13 4.6 -0.4
PRF Invesco FTSE RAFI US 1000 ETF 64.2 39 -32 6.6 +1.6
URTH iShares MSCI World ETF 63.2 24 -17 5.5 +0.5
DIVB iShares U.S. Dividend & Buyback ETF 62.2 25 -18 6.4 +1.4
IUS Invesco Strategic US ETF 61.5 19 -12 6.3 +1.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 59.3 30 -23 6.3 +1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 59.1 28 -21 6.3 +1.3
VONG Vanguard Russell 1000 Growth Index Fund 59.1 8 -1 3.7 -1.3
IWF iShares Russell 1000 Growth ETF 59.1 19 -12 3.6 -1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 59.1 15 -8 6.0 +1.0
DTD WisdomTree U.S.Total Dividend Fund 58.3 28 -21 6.5 +1.5
VUG Vanguard Growth Index Fund 58.1 4 3 3.8 -1.2
SCHG Schwab U.S. Large-Cap Growth ETF 58.0 4 3 3.9 -1.1
VLU SPDR S&P 1500 Value Tilt ETF 56.0 12 -5 7.2 +2.2
RWL Invesco S&P 500 Revenue ETF 55.9 39 -32 7.0 +2.0
ACWI iShares MSCI ACWI ETF 55.2 32 -25 5.7 +0.7
EXT WisdomTree U.S. Total Earnings Fund 55.0 28 -21 5.0 +0.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 54.7 20 -13 5.9 +0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 54.7 20 -13 5.9 +0.9
ESGG FlexShares STOXX Global ESG Impact Index Fund 54.6 42 -35 5.3 +0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 54.1 29 -22 5.8 +0.8
XLG Invesco S&P 500 Top 50 ETF 53.8 20 -13 4.3 -0.7
IWY iShares Russell Top 200 Growth ETF 53.6 20 -13 3.7 -1.3
NACP Impact Shares NAACP Minority Empowerment ETF 53.1 75 -68 4.5 -0.5
VONV Vanguard Russell 1000 Value Index Fund 53.0 8 -1 6.9 +1.9
IWD iShares Russell 1000 Value ETF 52.9 19 -12 6.8 +1.8
SPYV SPDR Portfolio S&P 500 Value ETF 52.8 4 3 7.3 +2.2
VOOV Vanguard S&P 500 Value ETF 52.8 15 -8 7.1 +2.1
IVE iShares S&P 500 Value ETF 52.8 18 -11 7.1 +2.1
DSI iShares MSCI KLD 400 Social ETF 52.5 25 -18 5.0 -0.0
IUSV iShares Core S&P U.S. Value ETF 52.4 4 3 7.3 +2.3
RECS Columbia Research Enhanced Core ETF 52.0 15 -8 5.4 +0.4
AFLG First Trust Active Factor Large Cap ETF 51.6 55 -48 5.3 +0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 51.0 49 -42 3.8 -1.2
MGK Vanguard Mega Cap Growth ETF 50.7 7 0 3.9 -1.1
SUSL iShares ESG MSCI USA Leaders ETF 50.1 10 -3 5.2 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.0 10 -3 5.2 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 50.0 75 -68 3.8 -1.3
VEGN US Vegan Climate ETF 49.7 60 -53 5.0 -0.0
QWLD SPDR MSCI World StrategicFactors ETF 49.5 30 -23 6.0 +1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.4 9 -2 5.8 +0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 48.8 9 -2 5.8 +0.8
DGRO iShares Core Dividend Growth ETF 48.6 8 -1 6.5 +1.5
KRMA Global X Conscious Companies ETF 48.5 43 -36 5.0 +0.0
VT Vanguard Total World Stock Index Fund 48.0 8 -1 6.0 +1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.9 19 -12 5.9 +0.8
TMFC Motley Fool 100 Index ETF 47.2 50 -43 3.3 -1.7
RSP Invesco S&P 500 Equal Weight ETF 47.2 20 -13 6.5 +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 U.S. 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 17.2 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.52
 
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.