GSEW
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF tracks an equal-weighted index of US large-cap stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
954.0 M
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
Fund sponsor | Goldman Sachs |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Sep 12, 2017 |
Assets (mns) | $954 |
Expense ratio | 9 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
MICROSTRATEGY INC-CL A | 0.3 % |
DR HORTON INC | 0.3 % |
PULTE HOMES INC | 0.3 % |
BRISTOL-MYERS SQUIBB CO | 0.3 % |
3M CO | 0.3 % |
BUILDERS FIRSTSOURCE INC | 0.3 % |
CBRE GROUP, INC. CLASS A | 0.3 % |
FIRST CITIZENS BCSHS -CL A | 0.2 % |
LENNAR CORP-CL A | 0.2 % |
POOL CORP | 0.2 % |
Constituent Breakdown
Number of holdings | 495 |
Herfindahl-Hirschman Index | 20 |
Wgt avg mkt cap (mns) | $102,764 |
Large cap (>$10bn) | 98.8% |
Mid cap ($2-10bn) | 0.7% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 96.0 % | |
IRELAND | 1.9 % | |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 24.6% | 32.9% | 18.2% | 8.1% | 12.6% | -- | 12.1% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.01 | 92% |
MSCI EAFE | 0.93 | 76% |
MSCI Emg Mkts | 0.68 | 41% |
Liquidity Measures
Avg. volume (000) | 54 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.08% |
ADV of underlying (mns) | $283,913 |
Technical Indicators
Recent close | $80.85 |
30d moving avg. | $77.64 |
Annualized volatility | 18.5% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 2.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. GSEW |
Expenses vs. GSEW |
ALTAR Score™ vs. GSEW |
---|---|---|---|---|
EUSA | iShares MSCI USA Equal Weighted ETF | 82.2% | 0 bp | -0.1% |
RSP | Invesco S&P 500 Equal Weight ETF | 81.5% | +11 bp | +0.3% |
SIZE | iShares MSCI USA Size Factor ETF | 81.5% | +6 bp | -0.2% |
CFA | VictoryShares US 500 Volatility Wtd ETF | 76.2% | +26 bp | -0.1% |
CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 76.2% | +31 bp | -0.2% |
SSPY | Syntax Stratified LargeCap ETF | 64.0% | +21 bp | +0.5% |
JHML | John Hancock Multifactor Large Cap ETF | 61.9% | +20 bp | -0.5% |
FEX | First Trust Large Cap Core AlphaDEX Fund | 59.7% | +50 bp | -0.1% |
IMCB | iShares Morningstar Mid-Cap ETF | 59.1% | -5 bp | -0.1% |
XMAG | Defiance Large Cap ex-Mag 7 ETF | 56.8% | +26 bp | -0.7% |
Risk and Returns: GSEW 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 12/12/2024
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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
GSEW
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 Rating
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™
GSEW
5.8%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. GSEW's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places GSEW in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSEWSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
GSEW (9 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
GSEW | 9.0 | 7.6 | 16.6 |
Peer Avg. | 29.9 | 13.9 | 43.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .