Goldman Sachs Future Consumer Equity ETF

Price: $34.10
Change: $0.2 (-0.01%)
Last Updated:


Issuer Goldman Sachs
Structure ETF
Expense Ratio 0.75%
ETF Home Page Home page
Inception Nov 09, 2021

Analyst Report

Given the name, investors considering the Goldman Sachs New Age Consumer ETF (GBUY) can be forgiven for wondering if their investment comes with cleansing crystals and a Tarot deck (It doesn’t). GBUY tracks a bespoke index that seeks exposure to some familiar segments of the market — like e-commerce, social media, health and wellness, and online games, music and video — as well as a few less familiar concepts like “evolution of education” and “experiences over goods.” Goldman’s own marketing materials describe the investment thesis this way: “We believe that people are best suited to forecast change that is radically different from the past.”

The clearest explanation from Goldman is that GBUY provides “exposure to the beneficiaries of technological innovation, regardless of sector, geography or market capitalization.” The contents of its portfolio provide a bit more clarity, and top holdings include familiar names like Facebook, Amazon, Tencent, Alibaba and Netflix. Investments are selected and weighted “by a function of ‘thematic’ beta.’” GBUY’s management fee isn’t outrageous, but it’s high for the world of indexing, especially when many of the top holdings can be found in other ultra-low-cost vanilla index bunds. This may be why GBUY has been slow to gain assets.

If some of GBUY’s marketing lingo doesn’t sound like the Goldman Sachs you think you know, there’s a good reason. GBUY is one of five ETFs that Goldman launched in 2019 with indexes designed by Motif Investing Inc. The indexes selected stocks using artificial intelligence and machine learning. Goldman worked with Motif to design indexes that aim to identify companies that fit with broad themes that Goldman’s money managers thought would drive growth. (The “Motif” moniker was removed from the fund name in May 2020 when Motif dropped out as the index provider.) The funds were yet another example of Wall Street’s increased use of sophisticated automation. Computers read faster than human analysts, quickly scouring regulatory filings, company reports and news stories for information on a company’s prospects. Using AI and machine learning isn’t that much of a divergence — after all, most factor funds and smart-beta ETFs are really just attempts to codify investing strategies employed by human stock pickers. Whether it’s a plain-vanilla index or something more sophisticated, index methodology is basically just programmed code that tells the index what to buy and sell.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Growth
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

  • Segment Equity: Global Consumer
  • Category Sector
  • Focus Theme
  • Niche Consumer
  • Strategy Active
  • Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $34.10
  • 52 Week Hi $40.51
  • AUM $18.0 M
  • Shares 0.5 M

Historical Trading Data

  • 1 Month Avg. Volume 11,623
  • 3 Month Avg. Volume n/a

Alternative ETFs in the ETF Database Large Cap Growth Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SFY 0.00% $381.2 M 155,697 -7.43%
Largest (AUM) SPY 0.09% $424.8 B 77 M -5.94%
Most Liquid (Volume) SPY 0.09% $424.8 B 77 M -5.94%
Top YTD Performer CCOR 1.09% $264.1 M 31,888 -0.43%

Alternative ETFs in the FactSet Equity: Global Consumer Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest HART 0.45% $6.9 M 539 -5.87%
Largest (AUM) PAWZ 0.50% $288.2 M 35,759 -15.47%
Most Liquid (Volume) PAWZ 0.50% $288.2 M 35,759 -15.47%
Top YTD Performer HART 0.45% $6.9 M 539 -5.87%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

GBUY ETF Database Category Average FactSet Segment Average
Number of Holdings 43 396 48
% of Assets in Top 10 39.53% 37.49% 45.79%
% of Assets in Top 15 53.08% 45.03% 60.25%
% of Assets in Top 50 100.03% 72.27% 98.22%

Size Comparison

GBUY ETF Database Category Average FactSet Segment Average
Large (>12.9B) 93.51% 87.38% 58.66%
Mid (>2.7B) 5.91% 6.08% 19.04%
Small (>600M) 0.58% 0.75% 8.75%
Micro (<600M) 0.00% 0.07% 1.04%

GBUY Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

GBUY Dividend

This section compares the dividend yield of this ETF to its peers.

GBUY ETF Database Category Average FactSet Segment Average
Dividend N/A $ 0.29 $ 0.01
Dividend Date N/A N/A N/A
Annual Dividend Rate N/A $ 0.85 $ 0.05
Annual Dividend Yield N/A 1.09% 0.15%

GBUY Price and Volume Charts

View charts featuring GBUY price and volume data.

GBUY Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 2.57 M 1 Month Net Flows: 7.98 M 3 Month Net Flows: 7.98 M 6 Month Net Flows: 7.98 M 1 Year Net Flows: 7.98 M 3 Year Net Flows: 62.75 M 5 Year Net Flows: 62.75 M 10 Year Net Flows: 62.75 M

GBUY Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for GBUY on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Large Cap Growth Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a

A+ Overall Rated ETF:

GBUY Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores

GBUY does not have an ESG score. There are no ESG themes that map to this ETF.

GBUY Performance

This section shows how this ETF has performed relative to its peers.

GBUY ETF Database
Category Average
Factset Segment
1 Month Return -6.88% -4.99% -7.40%
3 Month Return -13.89% -5.14% -12.96%
YTD Return -9.83% -7.83% -9.28%
1 Year Return N/A 8.70% -5.71%
3 Year Return N/A 49.33% 7.94%
5 Year Return N/A 58.07% 0.00%

Geographic Exposure

The following charts reflect the geographic spread of GBUY's underlying holdings.

Region Percentage
North, Central and South America 66.68%
Europe 18.08%
Asia Pacific 15.27%
Country Percentage
United States 55.63%
China 9.39%
Taiwan 7.44%
Italy 4.82%
France 3.78%
United Kingdom 2.88%
Uruguay 2.56%
Ireland 2.15%
Netherlands 2.04%
Canada 1.9%
Spain 1.81%
South Korea 1.55%
Germany 1.32%
Norway 1.24%
Singapore 1.04%
Brazil 0.48%

Holdings Analysis

The following charts reflect the allocation of GBUY's underlying holdings.

Sector Percentage
Technology Services 30.13%
Retail Trade 15.43%
Consumer Non-Durables 11.55%
Electronic Technology 11.37%
Consumer Services 6.17%
Finance 6.12%
Process Industries 4.68%
Utilities 4.67%
Commercial Services 3.39%
Health Technology 2.4%
Communications 1.64%
Consumer Durables 1.52%
Health Services 0.96%
Market Cap Percentage
Large 93.51%
Mid 5.91%
Small 0.58%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 95.88%
American Depositary Receipt 4.15%
Sector Percentage
Technology Services 30.13%
Retail Trade 15.43%
Consumer Non-Durables 11.55%
Electronic Technology 11.37%
Consumer Services 6.17%
Finance 6.12%
Process Industries 4.68%
Utilities 4.67%
Commercial Services 3.39%
Health Technology 2.4%
Communications 1.64%
Consumer Durables 1.52%
Health Services 0.96%

GBUY Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 9.56%
20 Day Volatility 18.33%
50 Day Volatility N/A
200 Day Volatility N/A
Beta 0.0
Standard Deviation N/A
5 Day Volatility
202 of 210

20 Day Volatility
65 of 210

50 Day Volatility
No Ranking Available

200 Day Volatility
No Ranking Available

No Ranking Available

Standard Deviation
No Ranking Available


  • 20 Day MA $36.43
  • 60 Day MA n/a
  • MACD 15 Period -1.93
  • MACD 100 Period n/a
  • Williams % Range 10 Day 100.00
  • Williams % Range 20 Day 100.00
  • RSI 10 Day 24
  • RSI 20 Day 31
  • RSI 30 Day 34
  • Ultimate Oscillator 30

Bollinger Bands

  • Lower Bollinger (10 Day) $33.88
  • Upper Bollinger (10 Day) $36.79
  • Lower Bollinger (20 Day) $33.92
  • Upper Bollinger (20 Day) $39.00
  • Lower Bollinger (30 Day) $34.40
  • Upper Bollinger (30 Day) $38.98

Support & Resistance

  • Support Level 1 $33.79
  • Support Level 2 $33.48
  • Resistance Level 1 $34.73
  • Resistance Level 2 $35.35


  • Stochastic Oscillator %D (1 Day) 20.89
  • Stochastic Oscillator %D (5 Day) 12.20
  • Stochastic Oscillator %K (1 Day) 32.86
  • Stochastic Oscillator %K (5 Day) 23.63


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.14
  • Maximum Premium Discount (%) 0.59
  • Average Spread (%) 11.28
  • Average Spread ($) 11.28

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the GBUY ETF home page for more information.

Data Lineage

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