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ETFs

Goldman Sachs Innovate Equity ETF

GINN
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 6, 2020
Expense Ratio
0.5%
Type
Global Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$225,436
AUM
$317,411,148
Associated Index
Solactive Innovative Global Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

GOOGL
Alphabet Inc - Ordinary Shares - Class A
2.18%
MSFT
Microsoft Corporation
2.07%
AAPL
Apple Inc
2.06%
NVDA
NVIDIA Corp
1.99%
AMZN
Amazon.com Inc.
1.98%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.57%
BABA
Alibaba Group Holding Ltd - ADR
1.09%
TSLA
Tesla Inc
1%
LLY
Lilly(Eli) & Co
0.95%
AMD
Advanced Micro Devices Inc.
0.83%
Invest with GINN
Trade GINN Options

What is GINN?

The Goldman Sachs Innovate ETF seeks to track Solactive Innovative Global Equity Index which leverages advanced technology to select and weight companies by a function of thematic beta , providing precise exposure to the following themes: Data Driven World, Finance Reimagined, Human Evolution, Manufacturing Revolution, and New Age Consumer. The Goldman Sachs Innovate ETF provides differentiated global, all cap exposure to the beneficiaries of technological innovation regardless of sector, geography, or market capitalization. The fund is the result of five ETFs being combined into one vehicle on 11/9/2020. The merged funds include the following: Goldman Sachs New Age Consumer ETF (GBUY), Goldman Sachs Data-Driven World ETF (GDAT), Goldman Sachs Human Evolution ETF (GDNA), Goldman Sachs Finance Reimagined ETF (GFIN), Goldman Sachs Manufacturing Revolution ETF (GMAN).

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

GINN
Performance Measures**

for the time period Nov 9, 2020 to Dec 4, 2025

Returns

1M Trailing Return: 0.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 6.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -41.2%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 21.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.50

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.21

The annualized return divided by the max drawdown for the selected time period.

ETFs related toGINN

ETFs correlated to GINN include XT, XAUG, CGGR

GINN
Goldman Sachs ETF Trust - Goldman Sachs Innovate Equity ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 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.

FAQ

GINN is a Global Equities ETF. The Goldman Sachs Innovate ETF seeks to track Solactive Innovative Global Equity Index which leverages advanced technology to select and weight companies by a function of thematic beta , providing precise exposure to the following themes: Data Driven World, Finance Reimagined, Human Evolution, Manufacturing Revolution, and New Age Consumer. The Goldman Sachs Innovate ETF provides differentiated global, all cap exposure to the beneficiaries of technological innovation regardless of sector, geography, or market capitalization. The fund is the result of five ETFs being combined into one vehicle on 11/9/2020. The merged funds include the following: Goldman Sachs New Age Consumer ETF (GBUY), Goldman Sachs Data-Driven World ETF (GDAT), Goldman Sachs Human Evolution ETF (GDNA), Goldman Sachs Finance Reimagined ETF (GFIN), Goldman Sachs Manufacturing Revolution ETF (GMAN).

GINN tracks the Solactive Innovative Global Equity Index.

No, GINN 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, GINN 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 GINN is -0.0217%. This is the percent change in the value of GINN over the most recent 1-month period. The 3-month return on GINN is -0.0215%. This is the percent change in the value of GINN over the most recent 3-month period.

The standard deviation of GINN for the past year is 0.2189%. 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 GINN include PBW, IGF, and ARKK.

ETFs correlated to GINN include XT, XAUG, and CGGR.

ETFs that are inversely correlated to GINN include HIBS, SPXS, and SDS.

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.