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ETFs

Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Cap Equity ETF

GPAL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 13 2021
Expense Ratio
0.20%
Type
US Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$336
AUM
$7,070,540
Associated Index
Goldman Sachs ActiveBeta Paris-Aligned U.S. Large Cap Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with GPAL

What is GPAL?

The Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Cap Equity ETF (the Fund ) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta Paris-Aligned U.S. Large Cap Equity Index (the Index ).

ETFs related toGPAL

ETFs correlated to GPAL include GSLC, SPUU, VOO

GPAL
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Paris-Aligned Climate US Large Cap Equity ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares

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 toGPAL

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GPAL using Composer

FAQ

GPAL is a US Equities ETF. The Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Cap Equity ETF (the Fund ) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta Paris-Aligned U.S. Large Cap Equity Index (the Index ).

GPAL tracks the Goldman Sachs ActiveBeta Paris-Aligned U.S. Large Cap Equity Index.

No, GPAL 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, GPAL 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 GPAL is -0.0152%. This is the percent change in the value of GPAL over the most recent 1-month period. The 3-month return on GPAL is -0.007%. This is the percent change in the value of GPAL over the most recent 3-month period.

The standard deviation of GPAL for the past year is 0.1688%. 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 GPAL include SPHQ, DSI, and QUAL.

ETFs correlated to GPAL include GSLC, SPUU, and VOO.

ETFs that are inversely correlated to GPAL include SH, SPDN, 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.