GSSC
Goldman Sachs Activebeta U.S. Small Cap Equity ETF
The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF tracks an index of US small-cap stocks. The index equally weights four factor-based subindexes: value, momentum, quality, and low volatility.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
521.7 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
Fund sponsor | Goldman Sachs |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jun 28, 2017 |
Assets (mns) | $522 |
Expense ratio | 20 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
MUELLER INDUSTRIES INC | 0.4 % |
SPROUTS FARMERS MARKET INC | 0.4 % |
UNIVERSAL FOREST PRODUCTS | 0.4 % |
ABERCROMBIE & FITCH CO-CL A | 0.4 % |
BOISE CASCADE CO | 0.4 % |
FRANK'S INTERNATIONAL NV | 0.3 % |
JACKSON FINANCIAL INCORPORATION CLASS A | 0.3 % |
APPLIED INDUSTRIAL TECH INC | 0.3 % |
GMS INC. | 0.3 % |
CORCEPT THERAPEUTICS INC | 0.3 % |
Constituent Breakdown
Number of holdings | 1371 |
Herfindahl-Hirschman Index | 12 |
Wgt avg mkt cap (mns) | $2,762 |
Large cap (>$10bn) | 1.3% |
Mid cap ($2-10bn) | 55.8% |
Small cap (<$2bn) | 42.7% |
Developed mkts. | 99.9% |
Emerging mkts. | 0.1% |
Country Exposure
UNITED STATES | 92.2 % | |
BERMUDA | 1.1 % | |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 10.8% | 26.1% | 19.0% | 4.7% | 11.1% | -- | 9.2% | Volatility | 17.4% | 18.1% | 20.7% | 21.0% | 26.0% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.01 | 69% |
MSCI EAFE | 0.99 | 63% |
MSCI Emg Mkts | 0.71 | 32% |
Liquidity Measures
Avg. volume (000) | 18 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.18% |
ADV of underlying (mns) | $18,813 |
Technical Indicators
Recent close | $68.65 |
30d moving avg. | $67.48 |
Annualized volatility | 21.8% |
Relative strength (RSI) | 51 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 7.6% |
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. GSSC |
Expenses vs. GSSC |
ALTAR Score™ vs. GSSC |
---|---|---|---|---|
RSSL | Global X Russell 2000 ETF | 66.6% | -12 bp | -2.0% |
IWM | iShares Russell 2000 ETF | 66.2% | -1 bp | -1.8% |
VTWO | Vanguard Russell 2000 ETF | 66.0% | -10 bp | -1.7% |
OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 50.0% | +19 bp | +1.4% |
DFAS | Dimensional U.S. Small Cap ETF | 50.0% | +6 bp | +1.0% |
JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 48.1% | +9 bp | +2.0% |
SCHA | Schwab U.S. Small-Cap ETF | 47.2% | -16 bp | -0.4% |
IWN | iShares Russell 2000 Value ETF | 46.9% | +4 bp | +0.3% |
VTWV | Vanguard Russell 2000 Value ETF | 46.6% | -5 bp | +0.4% |
BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 46.2% | -11 bp | -1.2% |
Risk and Returns: GSSC 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 10/4/2024
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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
GSSC
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
GSSC
4.8%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. GSSC's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places GSSC in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSSCSELL
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 |
GSSC (20 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
GSSC | 20.0 | 17.7 | 37.7 |
Peer Avg. | 29.9 | 13.7 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .