Goldman Sachs MarketBeta U.S. Equity ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.7x P/Sales
ratio
2.8x
P/BV
ratio
3.8x Div.
yield
1.6%


  • 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) $254
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 505
Wgt avg mkt cap (mns) $468,277
Large cap (>$10bn) 98.5%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 6.8 %
MICROSOFT CORP 5.5 %
AMAZON.COM INC 4.6 %
FACEBOOK 2.3 %
ALPHABET INC. CLASS A 1.6 %
ALPHABET INC. CLASS C 1.6 %
JOHNSON & JOHNSON 1.3 %
PROCTER & GAMBLE CO/THE 1.2 %
VISA INC-CLASS A SHARES 1.1 %
NVIDIA CORP 1.1 %
Total 27.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 1.5 %
BRITAIN 1.0 %
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 September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
9.7% -- -- -- 9.7%

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

Technical Indicators
Recent close $47.99
30d moving avg. $47.05
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $265,577

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 95.8 2 5 5.0 +0.0
PBUS Invesco PureBeta MSCI USA ETF 95.3 4 3 5.0 0.0
VV Vanguard Large-Cap Index Fund 94.8 4 3 5.0 0.0
HSPX Global X S&P 500 Covered Call ETF 94.6 60 -53 4.7 -0.2
PBP Invesco S&P 500 BuyWrite ETF 94.5 49 -42 4.7 -0.2
SPY SPDR S&P 500 ETF Trust 94.4 9 -2 5.1 +0.1
IVV iShares Core S&P 500 ETF 94.3 3 4 5.1 +0.2
SPLG SPDR Portfolio Large Cap ETF 94.3 3 4 5.1 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 94.2 60 -53 4.8 -0.2
VOO VANGUARD S&P 500 ETF 94.1 3 4 5.2 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 93.2 20 -13 5.1 +0.1
SCHX Schwab U.S. Large-Cap ETF 92.2 3 4 4.9 -0.0
SPXE ProShares S&P 500 Ex-Energy ETF 92.1 27 -20 5.0 +0.1
SCHK Schwab 1000 Index ETF 90.1 5 2 5.0 -0.0
IWB iShares Russell 1000 ETF 90.1 15 -8 4.8 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 89.7 3 4 5.3 +0.3
IYY iShares Dow Jones U.S. ETF 89.2 20 -13 4.8 -0.1
VONE Vanguard Russell 1000 ETF 88.1 8 -1 4.9 -0.1
VTHR Vanguard Russell 3000 Index Fund 85.9 10 -3 4.8 -0.2
ESGV Vanguard ESG U.S. Stock ETF 85.4 12 -5 4.9 -0.1
IWV iShares Russell 3000 ETF 84.8 20 -13 4.7 -0.3
SCHB Schwab U.S. Broad Market ETF 84.7 3 4 4.9 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 84.4 3 4 4.8 -0.1
MGC Vanguard Mega Cap Index Fund 83.9 7 0 4.9 -0.0
SPXN ProShares S&P 500 Ex-Financials ETF 82.9 27 -20 4.7 -0.2
ESGU iShares MSCI USA ESG Optimized ETF 82.3 15 -8 4.8 -0.1
VTI Vanguard Total Stock Market Index Fund 81.6 3 4 4.8 -0.1
IWL iShares Russell Top 200 ETF 81.4 15 -8 4.7 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 80.8 27 -20 4.8 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 80.7 29 -22 4.9 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 80.6 20 -13 4.7 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 79.7 0 7 4.9 -0.1
SFY SoFi Select 500 ETF 79.6 0 7 4.9 -0.1
JHML John Hancock Multifactor Large Cap ETF 75.0 29 -22 5.3 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 74.3 9 -2 5.3 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 74.0 8 -1 6.2 +1.2
IQSU IQ Candriam ESG US Equity ETF 72.8 9 -2 4.9 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 72.5 12 -5 4.5 -0.5
EFIV SPDR S&P 500 ESG ETF 71.9 10 -3 4.9 -0.1
SNPE Xtrackers S&P 500 ESG ETF 71.8 10 -3 4.8 -0.1
VOOG Vanguard S&P 500 Growth ETF 69.5 10 -3 4.1 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 69.1 4 3 4.2 -0.8
IVW iShares S&P 500 Growth ETF 69.1 18 -11 16.6 +11.7
KOKU Xtrackers MSCI Kokusai Equity ETF 69.0 9 -2 5.5 +0.5
TOK iShares MSCI Kokusai ETF 68.9 25 -18 5.4 +0.4
IUSG iShares Core S&P US Growth ETF 68.2 4 3 4.2 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 67.4 27 -20 5.3 +0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 67.3 25 -18 6.0 +1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 66.2 60 -53 3.9 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 65.7 15 -8 5.6 +0.7
AVUS Avantis U.S. Equity ETF 65.3 15 -8 5.4 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 65.2 25 -18 6.5 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 64.2 32 -25 4.9 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 64.2 39 -32 6.6 +1.6
OEF iShares S&P 100 ETF 64.1 20 -13 4.6 -0.4
URTH iShares MSCI World ETF 63.9 24 -17 5.4 +0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 62.9 25 -18 6.5 +1.6
IUS Invesco Strategic US ETF 60.9 19 -12 6.3 +1.3
DIVB iShares U.S. Dividend & Buyback ETF 60.7 25 -18 6.6 +1.7
IWF iShares Russell 1000 Growth ETF 59.6 19 -12 3.6 -1.4
VONG Vanguard Russell 1000 Growth Index Fund 59.4 8 -1 3.7 -1.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 58.9 30 -23 6.4 +1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 58.7 28 -21 6.3 +1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 58.6 15 -8 6.0 +1.1
DTD WisdomTree U.S.Total Dividend Fund 57.9 28 -21 6.5 +1.5
VUG Vanguard Growth Index Fund 57.2 4 3 3.8 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 56.1 12 -5 7.1 +2.1
ACWI iShares MSCI ACWI ETF 55.7 32 -25 5.6 +0.7
RWL Invesco S&P 500 Revenue ETF 55.3 39 -32 7.0 +2.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 55.3 29 -22 5.8 +0.8
LOWC SPDR MSCI ACWI Low Carbon Target ETF 55.2 20 -13 5.8 +0.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 55.2 20 -13 5.8 +0.9
IWY iShares Russell Top 200 Growth ETF 54.0 20 -13 3.7 -1.2
EXT WisdomTree U.S. Total Earnings Fund 53.9 28 -21 5.3 +0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 53.5 42 -35 5.1 +0.1
XLG Invesco S&P 500 Top 50 ETF 53.0 20 -13 4.3 -0.7
VONV Vanguard Russell 1000 Value Index Fund 53.0 8 -1 6.8 +1.8
IWD iShares Russell 1000 Value ETF 52.9 19 -12 6.7 +1.7
NACP Impact Shares NAACP Minority Empowerment ETF 52.9 75 -68 4.6 -0.3
AFLG First Trust Active Factor Large Cap ETF 52.8 55 -48 5.2 +0.3
VOOV Vanguard S&P 500 Value ETF 52.7 10 -3 7.1 +2.1
DSI iShares MSCI KLD 400 Social ETF 52.6 25 -18 4.9 -0.1
IVE iShares S&P 500 Value ETF 52.4 18 -11 7.0 +2.0
SPYV SPDR Portfolio S&P 500 Value ETF 52.4 4 3 7.1 +2.2
SCHV Schwab U.S. Large-Cap Value ETF 52.1 4 3 6.6 +1.7
IUSV iShares Core S&P U.S. Value ETF 52.1 4 3 7.2 +2.3
RECS Columbia Research Enhanced Core ETF 51.6 15 -8 5.4 +0.5
VEGN US Vegan Climate ETF 50.8 60 -53 4.9 -0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 50.6 75 -68 4.1 -0.9
MGK Vanguard Mega Cap Growth ETF 50.0 7 0 3.9 -1.1
QWLD SPDR MSCI World StrategicFactors ETF 50.0 30 -23 6.0 +1.0
SUSL iShares ESG MSCI USA Leaders ETF 49.9 10 -3 5.1 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 49.8 10 -3 5.1 +0.2
KRMA Global X Conscious Companies ETF 49.7 43 -36 5.0 0.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.6 9 -2 5.7 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 49.3 49 -42 3.9 -1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 49.0 9 -2 5.7 +0.8
VT Vanguard Total World Stock Index Fund 48.4 8 -1 5.9 +0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.8 19 -12 5.8 +0.9
DGRO iShares Core Dividend Growth ETF 47.3 8 -1 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 17.3 %
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
1.51
 
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.