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ETFs

Goldman Sachs North American Pipelines & Power Equity ETF

GPOW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 11 2023
Expense Ratio
0.55%
Type
Global Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$11,563
AUM
$8,113,921
Associated Index
Solactive Energy Infrastructure Enhanced Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

OKE
Oneok Inc.
7.86%
TRGP
Targa Resources Corp
7.18%
LNG
Cheniere Energy Inc.
6.05%
ENB
Enbridge Inc
5.84%
TRP
TC Energy Corporation
5.44%
KMI
Kinder Morgan Inc - Ordinary Shares - Class P
5.42%
WMB
Williams Cos Inc
5.42%
PPL
Pembina Pipeline Corporation
5.28%
UGI
UGI Corp.
4.79%
MMP
Magellan Midstream Partners L.P.
4.31%
Invest with GPOW

What is GPOW?

The Goldman Sachs North American Pipelines & Power Equity ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive Energy Infrastructure Enhanced Index . The index is made up of listed equity securities primarily listed on an exchange in the United States or Canada issued by pipelines and power companies. Under the Index methodology, pipelines and power companies are those assigned by FactSet RBICS to the Midstream Energy, LPG, Propane & Other Distributors, or Oil and Gas Transportation and Infrastructure subsectors or industry groups or deriving a cumulative revenue above 50% from certain Alternative Wholesale Power RBICS sub industries, in each case subject to certain additional screens and filters.

ETFs related toGPOW

ETFs correlated to GPOW include MLPX, EMLP, IGE

GPOW
Goldman Sachs ETF Trust - Goldman Sachs North American Pipelines & Power Equity ETF
MLPX
Global X Funds - Global X MLP & Energy Infrastructure ETF
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
DHS
WisdomTree Trust - WisdomTree U.S. High Dividend Fund
AMJ
JPMorgan Chase & Co. - KEYnotes ETN Link to First Trust Enh 130/30 L/C Index
HDV
BlackRock Institutional Trust Company N.A. - iShares Core High Dividend ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
GII
SSgA Active Trust - SPDR S&P Global Infrastructure ETF
FDL
First Trust Exchange-Traded Fund III - First Trust Morningstar Dividend Leaders Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGPOW

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with GPOW using Composer

FAQ

GPOW is a Global Equities ETF. The Goldman Sachs North American Pipelines & Power Equity ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive Energy Infrastructure Enhanced Index . The index is made up of listed equity securities primarily listed on an exchange in the United States or Canada issued by pipelines and power companies. Under the Index methodology, pipelines and power companies are those assigned by FactSet RBICS to the Midstream Energy, LPG, Propane & Other Distributors, or Oil and Gas Transportation and Infrastructure subsectors or industry groups or deriving a cumulative revenue above 50% from certain Alternative Wholesale Power RBICS sub industries, in each case subject to certain additional screens and filters.

GPOW tracks the Solactive Energy Infrastructure Enhanced Index.

No, GPOW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GPOW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GPOW is 0.0143%. This is the percent change in the value of GPOW over the most recent 1-month period. The 3-month return on GPOW is %. This is the percent change in the value of GPOW over the most recent 3-month period.

ETFs similar to GPOW include IXN, IXJ, and SMH.

ETFs correlated to GPOW include MLPX, EMLP, and IGE.

ETFs that are inversely correlated to GPOW include ERY, OILD, and DUG.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.