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ETFs

Goldman Sachs Future Tech Leaders Equity ETF

GTEK
$--
Today’s Change
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Snapshot
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Inception Date
Sep 14 2021
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$248,408
AUM
$241,231,631
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CDNS
Cadence Design Systems, Inc.
3.60%
KLAC
KLA Corp.
3.13%
2303
UNITED MICROELECTRONICS CORP
3.09%
HUBS
HubSpot Inc
3.05%
n/a
USD U.S. DOLLAR
2.87%
MSI
Motorola Solutions Inc
2.84%
MELI
MercadoLibre Inc
2.75%
002439
VENUSTECH GROUP INC-A
2.54%
MRVL
Marvell Technology Inc
2.53%
IFX
INFINEON TECHNOLOGIES AG
2.50%
Invest with GTEK

What is GTEK?

The Goldman Sachs Future Tech Leaders Equity ETF (the Fund ) seeks long-term growth of capital. GTEK seeks to keep investors on the right side of disruption by looking beyond backward-looking benchmarks to identify innovative, attractively-valued companies aligned with durable secular growth themes.

ETFs related toGTEK

ETFs correlated to GTEK include QTEC, IRBO, XNTK

GTEK
Goldman Sachs ETF Trust - Goldman Sachs Future Tech Leaders Equity ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
FGRO
Fidelity Covington Trust - Fidelity Growth Opportunities ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector 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

GTEK is a Global Equities ETF. The Goldman Sachs Future Tech Leaders Equity ETF (the Fund ) seeks long-term growth of capital. GTEK seeks to keep investors on the right side of disruption by looking beyond backward-looking benchmarks to identify innovative, attractively-valued companies aligned with durable secular growth themes.

Yes, GTEK 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, GTEK 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 GTEK is 0.0018%. This is the percent change in the value of GTEK over the most recent 1-month period. The 3-month return on GTEK is 0.1091%. This is the percent change in the value of GTEK over the most recent 3-month period.

The standard deviation of GTEK for the past year is 0.3575%. 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 GTEK include EFG, TAN, and ARKK.

ETFs correlated to GTEK include QTEC, IRBO, and XNTK.

ETFs that are inversely correlated to GTEK include HIBS, WEBS, and BERZ.

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.