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
555.8 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) | $556 |
| 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) | $2,794 |
| Large cap (>$10bn) | 1.0% |
| Mid cap ($2-10bn) | 55.5% |
| Small cap (<$2bn) | 43.3% |
| 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 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.0% | 31.7% | 11.6% | 2.5% | 10.1% | -- | 8.8% | Volatility | 19.8% | 20.3% | 19.9% | 21.6% | 26.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 69% |
| MSCI EAFE | 0.96 | 63% |
| MSCI Emg Mkts | 0.68 | 31% |
Liquidity Measures
| Avg. volume (000) | 27 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $27,187 |
Technical Indicators
| Recent close | $75.11 |
| 30d moving avg. | $68.88 |
| Annualized volatility | 21.4% |
| 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 | 66.0% | -12 bp | -1.9% |
| IWM | iShares Russell 2000 ETF | 65.4% | -1 bp | -1.7% |
| VTWO | Vanguard Russell 2000 ETF | 65.3% | -10 bp | -1.6% |
| DFAS | Dimensional U.S. Small Cap ETF | 48.9% | +6 bp | +0.9% |
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 48.3% | +19 bp | +1.2% |
| JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 48.1% | +9 bp | +2.0% |
| SCHA | Schwab U.S. Small-Cap ETF | 46.8% | -16 bp | -0.1% |
| BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 46.2% | -11 bp | -1.2% |
| IWN | iShares Russell 2000 Value ETF | 46.1% | +4 bp | +0.2% |
| VTWV | Vanguard Russell 2000 Value ETF | 46.0% | -5 bp | +0.4% |
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 11/22/2024
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
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
4.4%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 975 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. GSSC's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places GSSC in the 35th 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. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .