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ETFs

Goldman Sachs Future Planet Equity ETF

GSFP
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jul 13 2021
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$120,495
AUM
$158,583,010
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ENEL
ENEL SPA
3.87%
IBE
IBERDROLA SA
3.84%
ECL
Ecolab, Inc.
3.76%
DSFIR
DSM-FIRMENICH AG
3.71%
NEE
NextEra Energy Inc
3.39%
WM
Waste Management, Inc.
3.39%
SU
SCHNEIDER ELECTRIC SE
3.38%
IFX
INFINEON TECHNOLOGIES AG
3.24%
6367
Daikin Industries Ltd
3.24%
DHR
Danaher Corp.
3.13%
Invest with GSFP

What is GSFP?

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 equity investments in U.S. and non-U.S. companies that Goldman Sachs Asset Management, L.P. ( GSAM or the Investment Adviser ) believes are associated, at the time the investment is first added to the Fund s portfolio, with seeking to address environmental problems. Securities or other instruments that provide exposure (directly or indirectly) to such companies are treated as such investments for purposes of this policy. Equity investments may include common stock, preferred stock, warrants and other rights to acquire stock, American depositary receipts ( ADRs ), European depositary receipts ( EDRs ), and global depositary receipts ( GDRs ), underlying funds (including exchange-traded funds ( ETFs )), and futures, forwards, options and other instruments with similar economic exposures. The Fund may invest in underlying ETFs, exchange-traded products ( ETPs ) and/or money market funds, including those that currently exist or that may become available for investment in the future for which the Investment Adviser or an affiliate now or in the future acts as investment adviser or principal underwriter. The Fund intends to invest in companies that the Investment Adviser believes are aligned with the key themes associated with seeking to address environmental problems, which include, but are not limited to, clean energy, resource efficiency, sustainable consumption, the circular economy and water sustainability (the Key Themes ).

ETFs related toGSFP

ETFs correlated to GSFP include VT, GRID, CRBN

GSFP
Goldman Sachs ETF Trust - Goldman Sachs Future Planet Equity ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
ROBO
Exchange Traded Concepts Trust - ETCT ROBO Global Robotics and Automation Index ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
EXI
BlackRock Institutional Trust Company N.A. - iShares Global Industrials ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity 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

GSFP is a Global Equities ETF. 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 equity investments in U.S. and non-U.S. companies that Goldman Sachs Asset Management, L.P. ( GSAM or the Investment Adviser ) believes are associated, at the time the investment is first added to the Fund s portfolio, with seeking to address environmental problems. Securities or other instruments that provide exposure (directly or indirectly) to such companies are treated as such investments for purposes of this policy. Equity investments may include common stock, preferred stock, warrants and other rights to acquire stock, American depositary receipts ( ADRs ), European depositary receipts ( EDRs ), and global depositary receipts ( GDRs ), underlying funds (including exchange-traded funds ( ETFs )), and futures, forwards, options and other instruments with similar economic exposures. The Fund may invest in underlying ETFs, exchange-traded products ( ETPs ) and/or money market funds, including those that currently exist or that may become available for investment in the future for which the Investment Adviser or an affiliate now or in the future acts as investment adviser or principal underwriter. The Fund intends to invest in companies that the Investment Adviser believes are aligned with the key themes associated with seeking to address environmental problems, which include, but are not limited to, clean energy, resource efficiency, sustainable consumption, the circular economy and water sustainability (the Key Themes ).

Yes, GSFP 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, GSFP 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 GSFP is -0.0283%. This is the percent change in the value of GSFP over the most recent 1-month period. The 3-month return on GSFP is -0.0265%. This is the percent change in the value of GSFP over the most recent 3-month period.

The standard deviation of GSFP for the past year is 0.243%. 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 GSFP include IGF, EFG, and PBW.

ETFs correlated to GSFP include VT, GRID, and CRBN.

ETFs that are inversely correlated to GSFP include EPV, HIBS, and SPDN.

Disclaimers

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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.