The Goldman Sachs ActiveBeta US Small Cap Equity ETF (GSSC) offers broad exposure to small-cap stocks with Goldman’s multi-factor twist. GSSC tracks a proprietary index that takes a multi-factor approach, looking for stocks that exhibit good value, strong momentum, high quality, and low volatility. Top holdings include Trex, Deckers Outdoor and Boston Beer Company.
The case for investing in small companies is the growth potential compared to mega-cap stocks that may have already hit their peak. The downside is that small companies also come with a fair amount of risk. Changes in regulations, economic circumstances, or access to credit could send share prices tumbling. While some exposure to small companies is standard for many portfolios, investors should avoid the risk of leaning too heavily on a notably volatile segment.
GSSC is reasonably priced for a multi-factor ETF, though more expensive than the iShares Core S&P Small-Cap ETF (IJR), the plain-vanilla index ETF that is among the biggest in the small-cap segment. There are other differences besides cost. GSSC owns more than twice as many stocks as IJR. It also has a smaller slice of its portfolio invested in micro-cap stocks. Does Goldman’s factor twist work? There’s limited performance history to go on since GSSC was launched in mid-2017, but it did outperform IJR during the pandemic turmoil of the first five months of 2020.
| Segment | Equity: U.S. - Small Cap |
| Category | Size and Style |
| Focus | Small Cap |
| Niche | Broad-based |
| Strategy | Multi-factor |
| Weighting Scheme | Tiered |
This section compares how balanced and deep this ETF is relative to its peers.
| GSSC | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 1232 | 819 | 548 |
| % of Assets in Top 10 | 3.39% | 13.04% | 23.82% |
| % of Assets in Top 15 | 4.84% | 17.54% | 26.87% |
| % of Assets in Top 50 | 13.75% | 38.74% | 43.03% |
| GSSC | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 0.07% | 3.75% | 0.37% |
| Mid (>2.7B) | 40.90% | 55.01% | 34.08% |
| Small (>600M) | 48.98% | 31.09% | 40.55% |
| Micro (<600M) | 9.69% | 5.06% | 5.41% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| GSSC | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.30 | $ 0.35 | $ 0.25 |
| Dividend Date | 2022-12-27 | N/A | N/A |
| Annual Dividend Rate | $ 0.71 | $ 0.99 | $ 0.78 |
| Annual Dividend Yield | 1.26% | 1.26% | 1.79% |
View charts featuring GSSC price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 5.87 M 3 Month Net Flows: 6.07 M 6 Month Net Flows: -25.84 M 1 Year Net Flows: 38.62 M 3 Year Net Flows: 334.35 M 5 Year Net Flows: 405.2 M 10 Year Net Flows: 413.89 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -3.26 MThe adjacent table gives investors an individual Realtime Rating for GSSC 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 Small 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.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| GSSC |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -9.32% | -7.48% | -8.31% |
| 3 Month Return | -2.17% | -0.32% | -1.51% |
| YTD Return | -2.55% | -0.63% | -1.91% |
| 1 Year Return | -12.68% | -13.92% | -10.46% |
| 3 Year Return | 92.74% | 70.06% | 64.45% |
| 5 Year Return | 28.61% | 20.99% | 16.94% |
The following charts reflect the geographic spread of GSSC's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 99.59% |
| Other | 0.31% |
| Europe | 0.03% |
| Country | Percentage |
|---|---|
| United States | 96.28% |
| Bermuda | 1.32% |
| Ireland | 0.41% |
| United Kingdom | 0.37% |
| Puerto Rico | 0.32% |
| Other | 0.31% |
| Cayman Islands | 0.24% |
| Canada | 0.19% |
| Monaco | 0.16% |
| Luxembourg | 0.14% |
| France | 0.06% |
| Israel | 0.06% |
| Panama | 0.04% |
| Cyprus | 0.03% |
The following charts reflect the allocation of GSSC's underlying holdings.
| Sector | Percentage |
|---|---|
| Finance | 24.52% |
| Health Technology | 8.8% |
| Producer Manufacturing | 8.68% |
| Technology Services | 8.07% |
| Electronic Technology | 7.07% |
| Commercial Services | 4.76% |
| Energy Minerals | 4.18% |
| Retail Trade | 4.14% |
| Utilities | 3.7% |
| Consumer Services | 3.6% |
| Consumer Non-Durables | 3.55% |
| Consumer Durables | 3.38% |
| Industrial Services | 3.28% |
| Process Industries | 3.15% |
| Distribution Services | 2.76% |
| Transportation | 2.36% |
| Non-Energy Minerals | 1.76% |
| Health Services | 1.12% |
| Communications | 0.69% |
| Other | 0.31% |
| Miscellaneous | 0.05% |
| Market Cap | Percentage |
|---|---|
| Small | 48.98% |
| Mid | 40.9% |
| Micro | 9.69% |
| Large | 0.07% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 99.62% |
| Other | 0.31% |
| Sector | Percentage |
|---|---|
| Finance | 24.52% |
| Health Technology | 8.8% |
| Producer Manufacturing | 8.68% |
| Technology Services | 8.07% |
| Electronic Technology | 7.07% |
| Commercial Services | 4.76% |
| Energy Minerals | 4.18% |
| Retail Trade | 4.14% |
| Utilities | 3.7% |
| Consumer Services | 3.6% |
| Consumer Non-Durables | 3.55% |
| Consumer Durables | 3.38% |
| Industrial Services | 3.28% |
| Process Industries | 3.15% |
| Distribution Services | 2.76% |
| Transportation | 2.36% |
| Non-Energy Minerals | 1.76% |
| Health Services | 1.12% |
| Communications | 0.69% |
| Other | 0.31% |
| Miscellaneous | 0.05% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 177.33% |
| 20 Day Volatility | 25.39% |
| 50 Day Volatility | 22.06% |
| 200 Day Volatility | 22.92% |
| Beta | 0.97 |
| Standard Deviation | 2.85% |
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.
A fact sheet is not available for this ETF. Please visit the GSSC ETF home page for more information.
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