GLOV
Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
GLOV tracks an index that selects large- and mid-cap stocks in developed markets based on four factors: value, momentum, quality and an emphasis on low volatility.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
1.2 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 15, 2022 |
| Assets (mns) | $1,162 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 3.6 % |
| MICROSOFT CORP | 2.5 % |
| NVIDIA CORP | 1.7 % |
| WAL-MART STORES INC | 1.5 % |
| AMAZON.COM INC | 1.4 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.3 % |
| INTL BUSINESS MACHINES CORP | 1.2 % |
| O'REILLY AUTOMOTIVE INC | 1.1 % |
| META PLATFORMS INC | 1.0 % |
| AUTOZONE INC | 0.9 % |
Constituent Breakdown
| Number of holdings | 451 |
| Herfindahl-Hirschman Index | 63 |
| Wgt avg mkt cap (mns) | $439,583 |
| Large cap (>$10bn) | 94.5% |
| Mid cap ($2-10bn) | 5.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 67.2 % |
 |
JAPAN | 5.2 % |
 |
BRITAIN | 3.7 % |
 |
CANADA | 3.3 % |
 |
GERMANY | 3.1 % |
 |
AUSTRALIA | 2.4 % |
 |
FRANCE | 2.2 % |
 |
SWITZERLAND | 2.0 % |
 |
NETHERLANDS | 1.8 % |
 |
ITALY | 1.3 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.5% | 13.9% | 16.1% | -- | -- | -- | -- | 7.9% |
| Dividend Yield | -1.3% | -2.5% | 0.1% | -- | -- | -- | -- | 1.0% |
| Total Returns | 4.2% | 11.4% | 16.2% | -- | -- | -- | -- | 9.0% | Ann. Volatility | 9.3% | 9.9% | 9.6% | -- | -- | -- | -- | 12.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 87% |
| MSCI EAFE | 0.72 | 80% |
| MSCI Emg Mkts | 0.50 | 39% |
Liquidity Measures
| Avg. volume (000) | 77 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $142,199 |
Technical Indicators
| Recent close | $50.30 |
| 30d moving avg. | $50.89 |
| Annualized volatility | 13.9% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
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. GLOV |
Expenses vs. GLOV |
ALTAR Score™ vs. GLOV |
|---|---|---|---|---|
| QWLD | SPDR MSCI World StrategicFactors ETF | 50.2% | +5 bp | +0.4% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 49.5% | -16 bp | -0.5% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 47.9% | -10 bp | -0.4% |
| JHML | John Hancock Multifactor Large Cap ETF | 46.3% | +4 bp | -0.3% |
| DSPY | Tema S&P 500 Historical Weight ETF | 46.1% | -7 bp | -6.7% |
| KOKU | Xtrackers MSCI Kokusai Equity ETF | 45.8% | -16 bp | -0.6% |
| TOK | iShares MSCI Kokusai ETF | 45.5% | +1 bp | -0.8% |
| URTH | iShares MSCI World ETF | 44.9% | -1 bp | -0.6% |
| ROUS | Hartford Multifactor US Equity ETF | 43.6% | -6 bp | +1.4% |
| KLMT | Invesco MSCI Global Climate 500 ETF | 43.1% | -15 bp | -0.2% |
Risk and Returns: GLOV 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/17/2025
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
GLOV
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
GLOV
6.7%
Cat. Avg
4.8%
ALTAR Score™ Calculation
Category Overview
There are 366 funds in the Global Equity category, with an average ALTAR Score™
of 4.8% and a standard deviation of
4.3%. GLOV's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places GLOV in the 67th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GLOVSELL
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 |
| GLOV (25 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GLOV | 25.0 | 25.2 | 50.2 |
| Peer Avg. | 35.6 | 20.1 | 55.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .