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
926.4 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) | $926 |
| 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) | 60 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $283,913 |
Technical Indicators
| Recent close | $77.20 |
| 30d moving avg. | $81.56 |
| 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 | 81.3% | 0 bp | -0.1% |
| SIZE | iShares MSCI USA Size Factor ETF | 80.7% | +6 bp | -0.2% |
| RSP | Invesco S&P 500 Equal Weight ETF | 80.6% | +11 bp | +0.3% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 76.2% | +26 bp | -0.2% |
| 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 | -0.6% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 59.8% | +50 bp | -0.1% |
| IMCB | iShares Morningstar Mid-Cap ETF | 59.0% | -5 bp | 0.0% |
| XMAG | Defiance Large Cap ex-Mag 7 ETF | 56.3% | +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 12/18/2024
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
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
6.1%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. 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. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .