GBUY
Goldman Sachs Future Consumer Equity ETF

Price: $31.63
Change: $0.32 (0.01%)
Last Updated:

Vitals

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 $24.09
  • 52 Week Hi $31.87
  • AUM $55.8 M
  • Shares 1.8 M

Historical Trading Data

  • 1 Month Avg. Volume 51,113
  • 3 Month Avg. Volume 24,719

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% $706.5 M 185,846 9.27%
Largest (AUM) SPY 0.09% $515.3 B 73 M 9.32%
Most Liquid (Volume) SPY 0.09% $515.3 B 73 M 9.32%
Top YTD Performer SPMO 0.13% $1.2 B 294,822 23.35%

Alternative ETFs in the FactSet Equity: Global Consumer Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest HART 0.45% $8.8 M 405 1.59%
Largest (AUM) PAWZ 0.50% $68.5 M 4,171 -6.92%
Most Liquid (Volume) PAWZ 0.50% $68.5 M 4,171 -6.92%
Top YTD Performer OND 0.58% $708,000.0 200 15.38%

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 45 367 46
% of Assets in Top 10 50.11% 42.76% 53.97%
% of Assets in Top 15 61.71% 50.73% 69.51%
% of Assets in Top 50 100.00% 76.25% 98.10%

Size Comparison

GBUY ETF Database Category Average FactSet Segment Average
Large (>12.9B) 90.09% 87.53% 71.11%
Mid (>2.7B) 7.45% 5.30% 18.30%
Small (>600M) 1.12% 0.59% 7.89%
Micro (<600M) 0.00% 0.09% 1.26%

GBUY Valuation

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

GBUY
P/E Ratio
27.68
ETF Database Category Average
P/E Ratio
15.10
FactSet Segment Average
P/E Ratio
6.89

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 $ 0.30 $ 0.11
Dividend Date 2023-12-28 N/A N/A
Annual Dividend Rate $ 0.13 $ 0.92 $ 0.18
Annual Dividend Yield 0.40% 1.05% 0.60%

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: -31.44 M 1 Month Net Flows: -31.44 M 3 Month Net Flows: -34.32 M 6 Month Net Flows: -111.64 M 1 Year Net Flows: -98.13 M 3 Year Net Flows: 49.99 M 5 Year Net Flows: 49.99 M 10 Year Net Flows: 49.99 M

GBUY Price vs Flows AUM Influence Charts

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

5 Day Net AUM Change: -31.61 M
1 Month Net AUM Change: -30 M
3 Month Net AUM Change: -23.66 M
6 Month Net AUM Change: -91.69 M
1 Year Net AUM Change: -86.69 M
3 Year Net AUM Change: 44.45 M
5 Year Net AUM Change: 44.45 M
10 Year Net AUM Change: 44.45 M

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 C+ SPY
Expenses C BKLC
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

GBUY Expenses & Fees

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

Expenses Ratio Analysis

GBUY
Expense Ratio
0.75%
ETF Database Category Average
Expense Ratio
0.37%
FactSet Segment Average
Expense Ratio
0.58%

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
6.19/10
ESG Score
41.62%
Global Percentile
53.04%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      4.1%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      72.34
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      4.1%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      16.01%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

GBUY Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

GBUY ETF Database
Category Average
Factset Segment
Average
1 Month Return 1.54% 1.17% -0.89%
3 Month Return 13.78% 9.47% 3.22%
YTD Return 12.57% 9.46% 2.40%
1 Year Return 20.17% 30.28% 5.71%
3 Year Return N/A 5.44% -0.57%
5 Year Return N/A 8.57% 0.37%

Geographic Exposure

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

Region Percentage
North, Central and South America 68.08%
Asia Pacific 16.9%
Europe 15.02%
Country Percentage
United States 61.79%
China 7.73%
Taiwan 5.65%
Italy 3.75%
Other 2.95%
France 2.78%
Ireland 2.6%
Germany 2.35%
Switzerland 2.24%
Uruguay 2.17%
Canada 1.69%
India 1.52%
Spain 1.01%
Hong Kong 0.64%
Singapore 0.59%
Netherlands 0.29%
Israel 0.25%

Holdings Analysis

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

Sector Percentage
Technology Services 22.13%
Electronic Technology 15.09%
Retail Trade 14.59%
Consumer Non-Durables 12.73%
Consumer Services 9.78%
Commercial Services 6.57%
Utilities 3.21%
Health Technology 3.15%
Finance 3.01%
Miscellaneous 2.95%
Communications 2.12%
Process Industries 1.75%
Transportation 1.56%
Consumer Durables 1.36%
Market Cap Percentage
Large 90.09%
Mid 7.45%
Small 1.12%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 96.46%
Open-ended Fund 2.95%
American Depositary Receipt 0.59%
Sector Percentage
Technology Services 22.13%
Electronic Technology 15.09%
Retail Trade 14.59%
Consumer Non-Durables 12.73%
Consumer Services 9.78%
Commercial Services 6.57%
Utilities 3.21%
Health Technology 3.15%
Finance 3.01%
Miscellaneous 2.95%
Communications 2.12%
Process Industries 1.75%
Transportation 1.56%
Consumer Durables 1.36%

GBUY Technicals

Volatility Analysis

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

5 Day Volatility 13.56%
20 Day Volatility 9.44%
50 Day Volatility 14.97%
200 Day Volatility 13.57%
Beta 1.17
Standard Deviation 1.83%
5 Day Volatility
13.56%
Rank
185 of 204

20 Day Volatility
9.44%
Rank
176 of 204

50 Day Volatility
14.97%
Rank
76 of 204

200 Day Volatility
13.57%
Rank
68 of 204

Beta
1.17
Rank
16 of 200

Standard Deviation
1.83%
Rank
185 of 202

Technicals

  • 20 Day MA $31.50
  • 60 Day MA $30.33
  • MACD 15 Period 0.10
  • MACD 100 Period 2.46
  • Williams % Range 10 Day 28.58
  • Williams % Range 20 Day 16.57
  • RSI 10 Day 57
  • RSI 20 Day 60
  • RSI 30 Day 61
  • Ultimate Oscillator 52

Bollinger Bands

  • Lower Bollinger (10 Day) $31.22
  • Upper Bollinger (10 Day) $31.77
  • Lower Bollinger (20 Day) $31.14
  • Upper Bollinger (20 Day) $31.81
  • Lower Bollinger (30 Day) $30.78
  • Upper Bollinger (30 Day) $31.93

Support & Resistance

  • Support Level 1 $31.41
  • Support Level 2 $31.20
  • Resistance Level 1 $31.75
  • Resistance Level 2 $31.88

Stochastic

  • Stochastic Oscillator %D (1 Day) 74.67
  • Stochastic Oscillator %D (5 Day) 59.84
  • Stochastic Oscillator %K (1 Day) 61.77
  • Stochastic Oscillator %K (5 Day) 51.01

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.01
  • Maximum Premium Discount (%) 0.63
  • Average Spread (%) 8.28
  • Average Spread ($) 8.28

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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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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