GINN
Goldman Sachs Innovate Equity ETF
GINN tracks an index that selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers.
Fund Basics
Fund sponsor | Goldman Sachs Group, Inc. |
Category | Global Equities |
Asset class | Equity |
Website | link... |
Inception date | Nov 06, 2020 |
Assets (mns) | $339 |
Expense ratio | 52 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
NVIDIA CORP | 2.4 % |
AMAZON.COM INC | 2.0 % |
MICROSOFT CORP | 1.9 % |
APPLE INC | 1.8 % |
ALPHABET INC. CLASS A | 1.8 % |
META PLATFORMS INC | 1.7 % |
ELI LILLY & CO | 1.1 % |
TESLA MOTORS INC | 0.9 % |
ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 0.9 % |
ADVANCED MICRO DEVICES | 0.9 % |
Constituent Breakdown
Number of holdings | 470 |
Herfindahl-Hirschman Index | 52 |
Wgt avg mkt cap (mns) | $362,471 |
Large cap (>$10bn) | 75.4% |
Mid cap ($2-10bn) | 16.8% |
Small cap (<$2bn) | 7.8% |
Developed mkts. | 90.6% |
Emerging mkts. | 9.4% |
Country Exposure
UNITED STATES | 68.6 % | |
CHINA | 5.8 % | |
JAPAN | 4.9 % | |
BRITAIN | 2.4 % | |
GERMANY | 2.3 % | |
SOUTH KOREA | 2.0 % | |
SWITZERLAND | 1.9 % | |
CANADA | 1.8 % | |
FRANCE | 1.5 % | |
NETHERLANDS | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
4.3% | 19.3% | 1.4% | -0.7% | -- | -- | 2.1% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.17 | 89% |
MSCI EAFE | 1.11 | 75% |
MSCI Emg Mkts | 0.97 | 60% |
Liquidity Measures
Avg. volume (000) | 7 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.22% |
ADV of underlying (mns) | $197,279 |
Technical Indicators
Recent close | $53.48 |
30d moving avg. | $48.75 |
Annualized volatility | 22.0% |
Relative strength (RSI) | 80 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. GINN |
Expenses vs. GINN |
ALTAR Score™ vs. GINN |
---|---|---|---|---|
GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 36.2% | -45 bp | +2.5% |
VOTE | TCW Transform 500 ETF | 36.2% | -47 bp | +2.5% |
BKLC | BNY Mellon US Large Cap Core Equity ETF | 36.1% | -52 bp | +2.6% |
BBUS | JP Morgan Betabuilders U.S. Equity ETF | 36.1% | -50 bp | +2.6% |
SPXE | ProShares S&P 500 Ex-Energy ETF | 35.8% | -43 bp | +2.6% |
PBUS | Invesco MSCI USA ETF | 35.7% | -48 bp | +2.6% |
JCTR | JPMorgan Carbon Transition U.S. Equity ETF | 35.7% | -37 bp | +2.2% |
STRV | Strive 500 ETF | 35.6% | -47 bp | +2.5% |
ILCB | iShares Morningstar U.S. Equity ETF | 35.5% | -49 bp | +2.6% |
USNZ | Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 35.4% | -42 bp | +2.8% |
Risk and Returns: GINN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/23/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GINN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
GINN
2.7%
Cat. Avg
3.6%
Fund Category: Global Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 2.7% |
Recommendation
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.
Category Overview
There are 347 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
4.9%. GINN's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places GINN in the 42nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
GINN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
GINN | 52.0 | 22.3 | 74.3 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .