Goldman Sachs Innovate Equity ETF
The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its index, in depositary receipts representing securities included in its index and in underlying stocks in respect of depositary receipts included in its index. The index is designed to deliver exposure to companies that may benefit from technological innovation and the resulting changes in the economy across five key themes that are potential drivers of changes in the economy.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
Flows are quiet — the past month netted out near zero, while the price has returned +12.6% so far this year. At 0.50% a year it is not the cheapest way in — ESMV runs the same ground at 0.18%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | +1.0% |
| 1 month | +8.0% |
| 3 months | +5.8% |
| 6 months | +13.8% |
| YTD | +12.6% |
| 1 year | +17.1% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat GINN on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| GLD SPDR Gold Shares | 0.40% | $146B | +$4.4B | -10bp on fee · 411× the assets · +$4.4B in over the month | Head-to-head |
| RING iShares MSCI Global Gold Miners ETF | 0.39% | $2.4B | −$386M | -11bp on fee · 7× the assets | Head-to-head |
| SLVP iShares MSCI Global Silver and Metals Miners ETF | 0.39% | $978M | −$10M | -11bp on fee · 3× the assets | Head-to-head |
| SLV iShares Silver Trust | 0.50% | $38.5B | — | 109× the assets | Head-to-head |