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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)
$2
AUM
$6,724,957
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
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Microsoft Corporation
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GOOGL
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n/a
USD U.S. DOLLAR
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NVIDIA Corp
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UNH
Unitedhealth Group Inc
1.22%
V
Visa Inc - Ordinary Shares - Class A
1.10%
JPM
JPMorgan Chase & Co.
1.09%
LLY
Lilly(Eli) & Co
1.05%
JNJ
Johnson & Johnson
1.04%
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 FDLO, VIG, JEPI

GDEF
Goldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
FDLO
Fidelity Covington Trust - Fidelity Low Volatility Factor ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income ETF
PFM
Invesco Capital Management LLC - Invesco Dividend Achievers ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
FTCS
First Trust Exchange-Traded Fund III - First Trust Capital Strength ETF
OUSA
OSI ETF Trust - ALPS O`Shares U.S. Quality Dividend ETF
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF
DEF
Invesco Capital Management LLC - Invesco Defensive Equity ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM 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

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

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 0.0032%. This is the percent change in the value of GDEF over the most recent 1-month period. The 3-month return on GDEF is 0.0545%. This is the percent change in the value of GDEF over the most recent 3-month period.

ETFs similar to GDEF include PKW, VIXY, and MOAT.

ETFs correlated to GDEF include FDLO, VIG, and JEPI.

ETFs that are inversely correlated to GDEF include SDS, SPXU, and SPXS.

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.