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GTIP
Goldman Sachs Access Inflation Protected USD Bond ETF

Price: $51.26
Change: $0.06 (0.0%)
Category: Inflation-Protected Bonds
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $45.38
  • 52 Week Hi $51.29
  • AUM $41.0 M
  • Shares 0.7 M

Analyst Report

The Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) tracks an index of treasury inflation-protected securities, or TIPS: bonds that feature a principal that adjusts based on certain measures of inflation. Goldman’s particular twist is that it invests in “off-the-run” securities. The most-traded TIPS tend to be the newest issues, or “on-the-run” securities. Other rules-based TIPS strategies buy only on-the-run TIPS, which may increase demand and drive up the price. Goldman helped develop an index designed to avoid any potential feeding frenzy by buying the less popular off-the-run TIPS. The fund invests in a broad mix of fixed-rate, U.S. dollar-denominated sovereign bonds that have a minimum issue size of $5 billion and at least one year to maturity.

GTIP can be useful as a tool for investors who are particularly concerned about inflationary pressures. It's important to note that TIPS are not perfect hedges against inflation; there are some potential drawbacks to using products such as GTIP to hedge against a climb in CPI. But for those looking to use inflation-protected bonds in that capacity, GTIP offers broad TIPS exposure at a reasonable price.

GTIP is a relative latecomer to a well-covered segment of the market, and it has yet to gather the assets of some of its seasoned rivals, like the iShares TIPS Bond ETF (TIP). There’s plenty of other rivals to compare it to, including the Schwab U.S. TIPS ETF (SCHP), PIMCO Broad U.S. TIPS Index ETF (TIPZ) or the SPDR Portfolio TIPS ETF (SPIP). It’s also worth noting that broad exposure to longer-dated TIPS may expose investors to longer duration, a measure of bonds’ sensitivity to interest-rate moves. Investors who want to hedge against inflation and changing interest rates might consider short-term TIPS ETFs such as the iShares 0-5 Year TIPS Bond ETF (STIP) or the PIMCO 1-5 Year U.S. TIPS Index ETF (STPZ).

Historical Trading Data

  • 1 Month Avg. Volume 624
  • 3 Month Avg. Volume 690

Alternative ETFs in the Inflation-Protected Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTIP 0.05% $9.4 B 1 M 3.67%
Largest (AUM) TIP 0.19% $23.9 B 2 M 8.73%
Most Liquid (Volume) TIP 0.19% $23.9 B 2 M 8.73%
Top YTD Performer LTPZ 0.20% $592.4 M 122,267 20.49%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

20
Number of Holdings
85.54%
% Assets in Top 10
96.62%
% Assets in Top 15
100.00%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
20
Rank
9 of 17
Low
IVOL (2)
High
WIP (160)
% Assets in Top 10
85.54%
Rank
13 of 17
Low
WIP (19.01%)
High
RINF (100.00%)
% Assets in Top 15
96.62%
Rank
7 of 17
Low
WIP (24.01%)
High
LTPZ (100.00%)
% Assets in Top 50
100.00%
Rank
11 of 17
Low
WIP (52.94%)
High
TDTT (100.00%)

 
View Summary Analysis
 

Sector Breakdown

Asset Percentage
Federal/Central debt 100.0%
Bond Sector Percentage
Government/Treasury 100.0%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 24.28%
3-5 Years 24.32%
5-7 Years 8.65%
7-10 Years 23.07%
10-15 Years 1.4%
15-20 Years 0.59%
20-30 Years 17.69%
30+ Years 0.0%
 
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Asset Percentage
Federal/Central debt 100.0%
 
View More Charts
 

GTIP Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

GTIP Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.01
Dividend Date
2015-08-03
Annual Dividend Rate
n/a

$0.01
Dividend
2015-08-03
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
0.02%
Rank
17 of 17
Low
GTIP (0.02%)
High
IVOL (3.62%)

GTIP Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 9.94 M 3 Month Net Flows: 8.54 M 6 Month Net Flows: 22.24 M 1 Year Net Flows: 26.25 M 3 Year Net Flows: 32.81 M 5 Year Net Flows: 32.81 M 10 Year Net Flows: 32.81 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for GTIP 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 ETFdb Pro members, shows the ETF in the Inflation-Protected Bonds 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 ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

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Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C n/a
Expenses B- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

GTIP Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.535%
ETF Wtd. Average
0.18%
Category Average
0.22%
Expense Ratio
0.12%
Rank
6 of 17
Low
SCHP (0.05%)
High
IVOL (0.99%)
ESG Themes and Scores
6.58/10
ESG Score
69.86%
Global Percentile
56.0%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      0.0%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      2.9
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • 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
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      0.0%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.0%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • 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 Rights Violations
    • 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
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • 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
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • 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
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • 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
    Board Diversity
    • 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
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • 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
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • 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 Flags
    • Accounting Flag (%)
      Lower improves ESG score

GTIP Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

0.95%
1 Week Return
3.70%
4 Week Return
6.06%
13 Week Return
10.69%
26 Week Return
11.39%
Year to Date Return
6.19%
1 Year Return
8.52%
3 Year Return
3.63%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
0.95%
Rank
2 of 16
Low
LTPZ (-1.99%)
High
RINF (1.38%)
4 Week Return
3.70%
Rank
2 of 17
Low
LTPZ (-1.51%)
High
RINF (3.98%)
13 Week Return
6.06%
Rank
2 of 17
Low
LTPZ (-0.80%)
High
RINF (7.58%)
26 Week Return
10.69%
Rank
4 of 17
Low
LTPZ (2.13%)
High
WIP (13.66%)
Year to Date Return
11.39%
Rank
3 of 17
Low
RINF (-1.00%)
High
LTPZ (20.49%)
1 Year Return
6.19%
Rank
11 of 17
Low
WIP (0.85%)
High
LTPZ (20.48%)
3 Year Return
8.52%
Rank
13 of 15
Low
RINF (3.13%)
High
LTPZ (39.09%)
5 Year Return
3.63%
Rank
14 of 14
Low
GTIP (3.63%)
High
LTPZ (53.31%)

 
View Summary Analysis
 

GTIP Price and Volume Chart

GTIP Technicals

Volatility Analysis

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

 
View Detailed Analysis
 
5 Day Volatility
20.74%
Rank
11 of 17
Low
IVOL (4.62%)
High
SPIP (57.06%)
20 Day Volatility
5.77%
Rank
4 of 17
Low
STIP (0.85%)
High
LTPZ (8.29%)
50 Day Volatility
8.14%
Rank
5 of 17
Low
STIP (1.15%)
High
LTPZ (10.33%)
200 Day Volatility
8.08%
Rank
5 of 17
Low
STIP (1.29%)
High
LTPZ (10.79%)
Beta
0.31
Rank
4 of 17
Low
IVOL (0.03)
High
RINF (0.56)
Standard Deviation
1.30%
Rank
8 of 17
Low
PBTP (0.41%)
High
LTPZ (6.19%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $50.11
  • 60 Day MA $49.50
  • MACD 15 Period 0.97
  • MACD 100 Period 2.21
  • Williams % Range 10 Day 2.17
  • Williams % Range 20 Day 1.61
  • RSI 10 Day 83
  • RSI 20 Day 72
  • RSI 30 Day 67
  • Ultimate Oscillator 85

Bollinger Brands

  • Lower Bollinger (10 Day) $49.61
  • Upper Bollinger (10 Day) $51.49
  • Lower Bollinger (20 Day) $48.96
  • Upper Bollinger (20 Day) $51.27
  • Lower Bollinger (30 Day) $49.00
  • Upper Bollinger (30 Day) $51.01

Support & Resistance

  • Support Level 1 $51.22
  • Support Level 2 $51.19
  • Resistance Level 1 $51.29
  • Resistance Level 2 $51.33

Stochastic

  • Stochastic Oscillator %D (1 Day) 35.84
  • Stochastic Oscillator %D (5 Day) 90.80
  • Stochastic Oscillator %K (1 Day) 32.37
  • Stochastic Oscillator %K (5 Day) 85.48

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

Disclosures

Copyright © 2020 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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