GSEW
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Price: $76.90
Change: $0.76 (-0.01%)
Last Updated:

Vitals

Issuer Goldman Sachs
Structure ETF
Expense Ratio 0.09%
ETF Home Page Home page
Inception Sep 12, 2017

Analyst Report

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is Goldman’s contribution to the lineup of funds that equal-weight stocks as opposed to investing in proportion with company size. The idea behind equal weighting is that it forces the fund to sell winners and buy losers when it rebalances each month.


GSEW launched in 2017 with a management fee of 9 basis points, competitive with plain-vanilla U.S. equity funds and making it one of the cheapest equal-weight funds on the market. Its fee is less than half the cost of the Invesco S&P 500 Equal Weight ETF (RSP), the largest in the space. GSEW has raised a decent amount of assets, but it still lacks the size and liquidity of RSP. Other equal-weight strategies include the ALPS Equal Sector Weight ETF (EQL), the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index ETF (SZNE) and the the Invesco S&P 100 Equal Weight ETF (EQWL).

ETF Database Themes

Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Large Cap
Category Size and Style
Focus Large Cap
Niche Broad-based
Strategy Equal
Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $56.37
  • 52 Week Hi $79.20
  • AUM $880.9 M
  • Shares 11.4 M

Historical Trading Data

  • 1 Month Avg. Volume 34,846
  • 3 Month Avg. Volume 48,645

Alternative ETFs in the ETF Database Large Cap Growth Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKLC 0.00% $2.9 B 111,673 20.97%
Largest (AUM) SPY 0.09% $596.5 B 50 M 23.18%
Most Liquid (Volume) SPY 0.09% $596.5 B 50 M 23.18%
Top YTD Performer WUGI 0.76% $33.2 M 1,871 43.58%

Alternative ETFs in the FactSet Equity: U.S. - Large Cap Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKLC 0.00% $2.9 B 111,673 20.97%
Largest (AUM) SPY 0.09% $596.5 B 50 M 23.18%
Most Liquid (Volume) SPY 0.09% $596.5 B 50 M 23.18%
Top YTD Performer SPMO 0.13% $2.9 B 925,289 42.04%

Top 15 Holdings

Concentration Analysis

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

Holdings Comparison

GSEW ETF Database Category Average FactSet Segment Average
Number of Holdings 495 372 108
% of Assets in Top 10 2.54% 44.15% 67.35%
% of Assets in Top 15 3.73% 52.03% 71.19%
% of Assets in Top 50 11.66% 76.83% 84.49%

Size Comparison

GSEW ETF Database Category Average FactSet Segment Average
Large (>12.9B) 96.78% 87.12% 39.17%
Mid (>2.7B) 3.11% 4.70% 2.27%
Small (>600M) 0.00% 0.57% 0.07%
Micro (<600M) 0.00% 0.09% 0.01%

GSEW Valuation

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

GSEW
P/E Ratio
17.62
ETF Database Category Average
P/E Ratio
15.07
FactSet Segment Average
P/E Ratio
4.11

GSEW Dividend

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

GSEW ETF Database Category Average FactSet Segment Average
Dividend $ 0.25 $ 0.28 $ 0.17
Dividend Date 2024-09-24 N/A N/A
Annual Dividend Rate $ 1.16 $ 0.94 $ 0.70
Annual Dividend Yield 1.51% 1.00% 1.55%

GSEW Price and Volume Charts

View charts featuring GSEW price and volume data.

GSEW Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 7.76 M 1 Month Net Flows: 15.52 M 3 Month Net Flows: 81.28 M 6 Month Net Flows: 120.83 M 1 Year Net Flows: 276.67 M 3 Year Net Flows: -50.34 M 5 Year Net Flows: 448.73 M 10 Year Net Flows: 603.62 M

GSEW 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: 6.19 M
1 Month Net AUM Change: 26.9 M
3 Month Net AUM Change: 129.75 M
6 Month Net AUM Change: 203.23 M
1 Year Net AUM Change: 457.82 M
3 Year Net AUM Change: -12.9 M
5 Year Net AUM Change: 696.46 M
10 Year Net AUM Change: 868.7 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for GSEW 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 B SPY
Expenses A- BKLC
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

GSEW Expenses & Fees

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

Expenses Ratio Analysis

GSEW
Expense Ratio
0.09%
ETF Database Category Average
Expense Ratio
0.36%
FactSet Segment Average
Expense Ratio
0.60%

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
6.78/10
ESG Score
60.45%
Global Percentile
64.63%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      5.56%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      195.02
      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 (%)
      5.56%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      9.05%
      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

GSEW Performance

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

GSEW ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.63% 0.31% 0.09%
3 Month Return 4.75% 6.42% 3.37%
YTD Return 15.81% 20.28% 10.05%
1 Year Return 35.36% 37.95% 17.80%
3 Year Return 4.51% 5.35% 3.44%
5 Year Return 11.68% 10.07% 2.95%

Geographic Exposure

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

Region Percentage
North, Central and South America 99.99%
Country Percentage
United States 97.09%
Ireland 1.4%
United Kingdom 0.58%
Switzerland 0.44%
Bermuda 0.38%
Other 0.1%

Holdings Analysis

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

Sector Percentage
Finance 18.38%
Technology Services 13.42%
Electronic Technology 10.21%
Health Technology 8.46%
Producer Manufacturing 6.31%
Utilities 5.94%
Consumer Non-Durables 5.5%
Consumer Services 4.36%
Retail Trade 4.23%
Process Industries 4.09%
Transportation 3.29%
Energy Minerals 3.06%
Commercial Services 2.45%
Industrial Services 2.25%
Consumer Durables 1.97%
Health Services 1.91%
Non-Energy Minerals 1.62%
Distribution Services 1.6%
Communications 0.59%
Miscellaneous 0.35%
Market Cap Percentage
Large 96.78%
Mid 3.11%
Small 0.0%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.89%
Open-ended Fund 0.1%
Sector Percentage
Finance 18.38%
Technology Services 13.42%
Electronic Technology 10.21%
Health Technology 8.46%
Producer Manufacturing 6.31%
Utilities 5.94%
Consumer Non-Durables 5.5%
Consumer Services 4.36%
Retail Trade 4.23%
Process Industries 4.09%
Transportation 3.29%
Energy Minerals 3.06%
Commercial Services 2.45%
Industrial Services 2.25%
Consumer Durables 1.97%
Health Services 1.91%
Non-Energy Minerals 1.62%
Distribution Services 1.6%
Communications 0.59%
Miscellaneous 0.35%

GSEW Technicals

Volatility Analysis

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

5 Day Volatility 56.75%
20 Day Volatility 9.43%
50 Day Volatility 10.40%
200 Day Volatility 12.11%
Beta 1.05
Standard Deviation 4.80%
5 Day Volatility
56.75%
Rank
73 of 200

20 Day Volatility
9.43%
Rank
150 of 200

50 Day Volatility
10.40%
Rank
168 of 199

200 Day Volatility
12.11%
Rank
171 of 199

Beta
1.05
Rank
56 of 195

Standard Deviation
4.80%
Rank
85 of 198

Technicals

  • 20 Day MA $77.95
  • 60 Day MA $75.97
  • MACD 15 Period -1.27
  • MACD 100 Period 2.64
  • Williams % Range 10 Day 100.00
  • Williams % Range 20 Day 89.48
  • RSI 10 Day 38
  • RSI 20 Day 50
  • RSI 30 Day 53
  • Ultimate Oscillator 38

Bollinger Bands

  • Lower Bollinger (10 Day) $76.97
  • Upper Bollinger (10 Day) $78.95
  • Lower Bollinger (20 Day) $76.64
  • Upper Bollinger (20 Day) $79.25
  • Lower Bollinger (30 Day) $76.21
  • Upper Bollinger (30 Day) $79.05

Support & Resistance

  • Support Level 1 $76.70
  • Support Level 2 $76.49
  • Resistance Level 1 $77.31
  • Resistance Level 2 $77.71

Stochastic

  • Stochastic Oscillator %D (1 Day) 25.87
  • Stochastic Oscillator %D (5 Day) 22.64
  • Stochastic Oscillator %K (1 Day) 37.99
  • Stochastic Oscillator %K (5 Day) 33.24

Tradability

  • Tracking Difference Median (%) -0.10
  • Tracking Difference Max Upside (%) 0.00
  • Tracking Difference Max Downside (%) -0.16
  • Median Premium Discount (%) 0.02
  • Maximum Premium Discount (%) 1.49
  • Average Spread (%) 7.29
  • Average Spread ($) 7.29

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 GSEW 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

Copyright © 2024 FactSet Research Systems Inc. All rights reserved.

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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