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Goldman Sachs ETF Trust (GGUS)GGUS
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/11/2024: GGUS (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 0.79% | Upturn Advisory Performance  3 | Avg. Invested days: 32 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/11/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 0.79% | Avg. Invested days: 32 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/11/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 1770 | Beta - |
52 Weeks Range 39.65 - 51.50 | Updated Date 09/7/2024 |
52 Weeks Range 39.65 - 51.50 | Updated Date 09/7/2024 |
AI Summarization
Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (ONEK)
Profile:
ONEK is an exchange-traded fund (ETF) that tracks the performance of the Russell 1000 Growth Index. This index comprises the 1000 largest U.S. companies with high growth potential based on factors like sales growth, earnings growth, and analyst estimates. ONEK invests in stocks across various growth sectors, including technology, healthcare, consumer discretionary, and industrials.
Objective:
ONEK's primary objective is to provide investment returns that closely track the performance of the Russell 1000 Growth Index, before fees and expenses.
Issuer:
Goldman Sachs Asset Management (GSAM)
Reputation and Reliability: GSAM is a leading global asset management firm with a strong reputation for its investment expertise and track record.
Management: The ETF is managed by a team of experienced portfolio managers at GSAM who have extensive knowledge of the U.S. growth equity market.
Market Share:
ONEK's market share within the U.S. large-cap growth equity ETF segment is approximately 2.5%.
Total Net Assets:
As of October 26, 2023, ONEK has total net assets of $22.3 billion.
Moat:
Low Expense Ratio: ONEK's expense ratio of 0.10% is one of the lowest among comparable growth equity ETFs.
Portfolio Diversification: The ETF's broad exposure across numerous growth sectors reduces its concentration risk and enhances overall portfolio diversification.
Financial Performance:
Historical Performance: Since its inception in 2019, ONEK has delivered an annualized return of 14.5%.
Benchmark Comparison: ONEK has consistently outperformed the Russell 1000 Growth Index over its track record.
Growth Trajectory:
The U.S. large-cap growth equity market is expected to continue growing, driven by factors such as technological innovation, strong corporate earnings, and favorable economic conditions.
Liquidity:
Average Trading Volume: ONEK's average daily trading volume is approximately 5 million shares.
Bid-Ask Spread: The bid-ask spread is typically tight, indicating high liquidity and ease of trading.
Market Dynamics:
ONEK's performance is influenced by factors like economic growth, interest rate fluctuations, sector performance, and investor sentiment.
Competitors:
- iShares Russell 1000 Growth ETF (IWF) - Market Share: 30%
- Vanguard Growth ETF (VUG) - Market Share: 25%
- SPDR S&P 500 Growth ETF (SPYG) - Market Share: 15%
Expense Ratio:
ONEK has an expense ratio of 0.10%.
Investment Approach and Strategy:
Strategy: ONEK employs a passive investment approach, replicating the composition and performance of the Russell 1000 Growth Index.
Composition: The ETF primarily invests in large-cap growth stocks across various sectors of the U.S. equity market.
Key Points:
- Low-cost exposure to the U.S. large-cap growth equity market
- Outperformance compared to the benchmark index
- Strong track record and experienced management team
- High liquidity and tight bid-ask spread
Risks:
- Market volatility and potential for significant losses
- Concentration in growth stocks, susceptible to market downturns
- Dependence on the performance of the underlying index
Who Should Consider Investing:
Investors seeking:
- Growth-oriented exposure to the U.S. stock market
- Diversification within their large-cap equity portfolio
- Cost-effective access to a broad basket of growth stocks
- Long-term investment horizon and tolerance for market fluctuations
Fundamental Rating Based on AI: 8.5/10
Justification: ONEK exhibits strong fundamentals, including a low expense ratio, a diversified portfolio, and a consistent track record of outperformance. The AI analysis considers these factors and assigns a rating of 8.5 out of 10, indicating its overall attractiveness as an investment option.
Resources and Disclaimers:
This analysis is based on data and information available as of October 26, 2023, and may change over time.
Investing involves risk, and investors should carefully consider their individual circumstances before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Goldman Sachs ETF Trust
The fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities included in its underlying index, in depositary receipts representing equity securities included in its underlying index, and in underlying stocks in lieu of depositary receipts included in its underlying index. The index is designed to measure the performance of the large- and mid-capitalization growth segment of U.S. equity issuers, with a capping methodology.
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