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
1.0 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) | $1,033 |
| 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 | 3.3 % |
| MICROSOFT CORP | 2.9 % |
| NVIDIA CORP | 1.5 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.2 % |
| WAL-MART STORES INC | 1.2 % |
| AMAZON.COM INC | 1.2 % |
| O'REILLY AUTOMOTIVE INC | 1.0 % |
| INTL BUSINESS MACHINES CORP | 1.0 % |
| MOTOROLA SOLUTIONS | 0.9 % |
| COLGATE-PALMOLIVE CO | 0.9 % |
Constituent Breakdown
| Number of holdings | 370 |
| Herfindahl-Hirschman Index | 63 |
| Wgt avg mkt cap (mns) | $421,183 |
| Large cap (>$10bn) | 95.3% |
| Mid cap ($2-10bn) | 4.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 66.0 % |
 |
JAPAN | 7.1 % |
 |
BRITAIN | 3.7 % |
 |
CANADA | 3.3 % |
 |
FRANCE | 2.6 % |
 |
GERMANY | 2.5 % |
 |
AUSTRALIA | 2.5 % |
 |
SWITZERLAND | 2.3 % |
 |
NETHERLANDS | 1.6 % |
 |
SINGAPORE | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.4% | 25.0% | 16.5% | -- | -- | -- | 10.2% | Volatility | 9.5% | 9.3% | 10.5% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 91% |
| MSCI EAFE | 0.71 | 80% |
| MSCI Emg Mkts | 0.49 | 39% |
Liquidity Measures
| Avg. volume (000) | 55 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $158,802 |
Technical Indicators
| Recent close | $49.91 |
| 30d moving avg. | $51.30 |
| Annualized volatility | 14.2% |
| Relative strength (RSI) | 48 |
| 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)
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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 | 48.5% | +5 bp | +0.4% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 48.2% | -16 bp | -0.2% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 47.1% | -10 bp | +0.2% |
| ROUS | Hartford Multifactor US Equity ETF | 45.9% | -6 bp | +1.1% |
| JHML | John Hancock Multifactor Large Cap ETF | 43.3% | +4 bp | -0.3% |
| KOKU | Xtrackers MSCI Kokusai Equity ETF | 42.8% | -16 bp | -0.5% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 41.5% | -18 bp | -0.8% |
| TOK | iShares MSCI Kokusai ETF | 41.1% | +1 bp | -0.6% |
| VOTE | TCW Transform 500 ETF | 40.9% | -20 bp | -0.8% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 40.9% | -16 bp | -0.8% |
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
| 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 12/20/2024
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
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
5.7%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. GLOV's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places GLOV in the 63rd 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. | 45.0 | 21.6 | 66.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .