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ETFs

Goldman Sachs Defensive Equity ETF

GDEF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 30 2020
Expense Ratio
0.55%
Type
US Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$12,846
AUM
$6,417,607
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
6.30%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.09%
n/a
USD U.S. DOLLAR
1.67%
UNH
Unitedhealth Group Inc
1.32%
JNJ
Johnson & Johnson
1.19%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.18%
XOM
Exxon Mobil Corp.
1.15%
V
Visa Inc - Ordinary Shares - Class A
1.14%
PG
Procter & Gamble Co.
1.11%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.02%
Invest with GDEF

What is GDEF?

The Goldman Sachs Defensive Equity ETF (the "Fund") seeks long-term growth of capital with lower volatility than equity markets. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in a diversified portfolio of equity investments in U.S. issuers with public stock market capitalizations within the range of the market capitalization of the S&P 500 Index at the time of investment and other instruments with similar economic exposures. The Fund will employ a "Put Spread Collar" overlay strategy whereby the Fund simultaneously purchases a near-the-money put while selling (writing) an out-of-the-money call and put on the S&P 500 Index or other national or regional stock market indices (or exchange-traded funds ("ETFs") that seek to track such an index). The Fund uses a variety of quantitative techniques, in combination with a qualitative overlay, when selecting investments. The Fund may make investment decisions that deviate from those generated by the Investment Adviser's proprietary models, at the discretion of the Investment Adviser. In addition, the Investment Adviser may, at its discretion, make changes to its quantitative techniques, or use other quantitative techniques that are based on the Investment Adviser's proprietary research.

ETFs related toGDEF

ETFs correlated to GDEF include GLOV, PFM, VIG

GDEF
Goldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
PFM
Invesco Capital Management LLC - Invesco Dividend Achievers ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
DGRW
WisdomTree Trust - WisdomTree U.S. Quality Dividend Growth Fund
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
QDEF
FlexShares Trust - FlexShares Quality Dividend Defensive Index Fund
DUHP
Dimensional ETF Trust - Dimensional US High Profitability ETF
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth ETF
FDLO
Fidelity Covington Trust - Fidelity Low Volatility Factor 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 toGDEF

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with GDEF using Composer

FAQ

GDEF is a US Equities ETF. The Goldman Sachs Defensive Equity ETF (the "Fund") seeks long-term growth of capital with lower volatility than equity markets. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in a diversified portfolio of equity investments in U.S. issuers with public stock market capitalizations within the range of the market capitalization of the S&P 500 Index at the time of investment and other instruments with similar economic exposures. The Fund will employ a "Put Spread Collar" overlay strategy whereby the Fund simultaneously purchases a near-the-money put while selling (writing) an out-of-the-money call and put on the S&P 500 Index or other national or regional stock market indices (or exchange-traded funds ("ETFs") that seek to track such an index). The Fund uses a variety of quantitative techniques, in combination with a qualitative overlay, when selecting investments. The Fund may make investment decisions that deviate from those generated by the Investment Adviser's proprietary models, at the discretion of the Investment Adviser. In addition, the Investment Adviser may, at its discretion, make changes to its quantitative techniques, or use other quantitative techniques that are based on the Investment Adviser's proprietary research.

Yes, GDEF is actively 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.

No, GDEF is not passively managed. It is actively 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 GDEF is -0.0043%. This is the percent change in the value of GDEF over the most recent 1-month period. The 3-month return on GDEF is %. This is the percent change in the value of GDEF over the most recent 3-month period.

ETFs similar to GDEF include HDGE, XYLD, and QYLD.

ETFs correlated to GDEF include GLOV, PFM, and VIG.

ETFs that are inversely correlated to GDEF include SDOW, DOG, and DXD.

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.