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ETFs

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

GSEW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 12 2017
Expense Ratio
0.09%
Type
US Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$973,136
AUM
$443,445,051
Associated Index
Solactive US Large Cap Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
USD U.S. DOLLAR
0.31%
SPLK
Splunk Inc
0.24%
VLO
Valero Energy Corp.
0.23%
CVS
CVS Health Corp
0.23%
MCK
Mckesson Corporation
0.22%
SRE
Sempra Energy
0.22%
STLAM
Stellantis N.V
0.22%
EG
Everest Group Ltd
0.22%
ED
Consolidated Edison, Inc.
0.22%
T
AT&T, Inc.
0.22%
Invest with GSEW

What is GSEW?

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (the Fund ) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive US Large Cap Equal Weight Index (GTR) (the Index ). The Index consists of equity securities of large capitalization U.S. issuers. The Index is an equal-weight version of the Solactive US Large Cap Index, a market capitalization-weighted index that includes equity securities of approximately 500 of the largest U.S. companies. The Index includes the same constituents as the Solactive US Large Cap Index. However, unlike the Solactive US Large Cap Index, in which each security is weighted based on its market value, each security in the Index is given the same weight, approximately 0.2% of the Index, at each rebalance.

ETFs related toGSEW

ETFs correlated to GSEW include EUSA, VO, SIZE

GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF

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 toGSEW

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GSEW using Composer

FAQ

GSEW is a US Equities ETF. The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (the Fund ) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive US Large Cap Equal Weight Index (GTR) (the Index ). The Index consists of equity securities of large capitalization U.S. issuers. The Index is an equal-weight version of the Solactive US Large Cap Index, a market capitalization-weighted index that includes equity securities of approximately 500 of the largest U.S. companies. The Index includes the same constituents as the Solactive US Large Cap Index. However, unlike the Solactive US Large Cap Index, in which each security is weighted based on its market value, each security in the Index is given the same weight, approximately 0.2% of the Index, at each rebalance.

GSEW tracks the Solactive US Large Cap Equal Weight Index.

No, GSEW 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, GSEW 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 GSEW is -0.0155%. This is the percent change in the value of GSEW over the most recent 1-month period. The 3-month return on GSEW is -0.0069%. This is the percent change in the value of GSEW over the most recent 3-month period.

The standard deviation of GSEW for the past year is 0.1788%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GSEW include IVV, MDY, and IJR.

ETFs correlated to GSEW include EUSA, VO, and SIZE.

ETFs that are inversely correlated to GSEW include SH, SDS, and SPXU.

Disclaimers

*

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.