Goldman Sachs Innovate Equity ETF
Top 10 Holdings
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).
ETFs related toGINN
ETFs correlated to GINN include XT, QQQE, QQEW
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.
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.