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.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
268.4 M
ASSETS UNDER MGMT
52 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs Group, Inc. |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 06, 2020 |
| Assets (mns) | $268 |
| 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 | 2.5 % |
| APPLE INC | 2.3 % |
| MICROSOFT CORP | 2.0 % |
| ALPHABET INC. CLASS A | 1.9 % |
| AMAZON.COM INC | 1.9 % |
| META PLATFORMS INC | 1.4 % |
| TESLA MOTORS INC | 1.0 % |
| ELI LILLY & CO | 1.0 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 0.9 % |
| INTEL CORP | 0.8 % |
Constituent Breakdown
| Number of holdings | 474 |
| Herfindahl-Hirschman Index | 53 |
| Wgt avg mkt cap (mns) | $371,468 |
| Large cap (>$10bn) | 76.5% |
| Mid cap ($2-10bn) | 15.7% |
| Small cap (<$2bn) | 6.6% |
| Developed mkts. | 90.6% |
| Emerging mkts. | 9.4% |
Country Exposure
 |
UNITED STATES | 68.6 % |
 |
CHINA | 4.9 % |
 |
JAPAN | 4.3 % |
 |
BRITAIN | 3.0 % |
 |
GERMANY | 2.4 % |
 |
SWITZERLAND | 2.0 % |
 |
CANADA | 1.8 % |
 |
SOUTH KOREA | 1.7 % |
 |
FRANCE | 1.4 % |
 |
NETHERLANDS | 1.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.2% | 34.7% | 21.2% | -1.7% | -- | -- | 3.7% | Volatility | 15.8% | 15.7% | 18.1% | 23.0% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 89% |
| MSCI EAFE | 1.07 | 76% |
| MSCI Emg Mkts | 0.96 | 60% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $225,309 |
Technical Indicators
| Recent close | $61.71 |
| 30d moving avg. | $61.00 |
| Annualized volatility | 21.6% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| 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 |
|---|---|---|---|---|
| MODL | VictoryShares WestEnd U.S. Sector ETF | 36.8% | -10 bp | +2.0% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 35.5% | -45 bp | +2.2% |
| VOTE | TCW Transform 500 ETF | 35.4% | -47 bp | +2.2% |
| STRV | Strive 500 ETF | 35.4% | -47 bp | +2.2% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 35.4% | -50 bp | +2.2% |
| WRND | IQ Global Equity R&D Leaders ETF | 35.3% | -34 bp | +4.7% |
| ILCB | iShares Morningstar U.S. Equity ETF | 35.2% | -49 bp | +2.2% |
| GUSA | Goldman Sachs MarketBeta U.S. 1000 Equity ETF | 35.2% | -41 bp | +2.2% |
| PBUS | Invesco MSCI USA ETF | 35.2% | -48 bp | +2.2% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 35.1% | -45 bp | +2.2% |
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 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
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 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™
GINN
2.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.6%. GINN's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places GINN in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GINNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| GINN (52 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
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. | 43.3 | 22.0 | 65.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .