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GINN - ETF AI Analysis
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Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN)
Rating:67Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several key positions, including Nvidia, Alphabet, and Alibaba, have shown strong year-to-date performance, driving the ETF's returns.
Sector Diversification
The ETF is spread across multiple sectors like Technology, Health Care, and Consumer Cyclical, reducing reliance on any single industry.
Global Exposure
While primarily focused on U.S. companies, the ETF includes holdings from regions like Hong Kong, Japan, and Europe, offering some international diversification.
Negative Factors
High U.S. Concentration
Over 80% of the ETF's assets are invested in U.S. companies, limiting its ability to benefit from growth in other regions.
Moderate Expense Ratio
The ETF's expense ratio of 0.5% is higher than some low-cost alternatives, potentially reducing long-term returns.
Underperforming Holdings
Some top holdings, like Amazon and Apple, have shown weaker year-to-date performance, which could weigh on overall returns.
GINN vs. SPDR S&P 500 ETF (SPY)
AUM219.60M
RegionGlobal
Expense Ratio0.50%
Beta1.10
IssuerGoldman Sachs
Inception DateNov 06, 2020
Dividend Yield1.03%
Asset ClassEquity
Index TrackedSolactive Innovative Global Equity Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume14,887
30 Day Avg. Volume6,487
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
90.48Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering463
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GINN Summary
The Goldman Sachs Innovate Equity ETF (Ticker: GINN) is an investment fund that focuses on companies driving innovation in industries like technology, healthcare, and renewable energy. It follows the Solactive Innovative Global Equity Index and includes well-known companies such as Apple and Alphabet (Google). This ETF is a great option for investors looking to diversify their portfolio and tap into the growth potential of cutting-edge industries. However, since it is heavily invested in sectors like technology, its performance can be affected by market fluctuations in those industries.
How much will it cost me?The Goldman Sachs Innovate Equity ETF (GINN) has an expense ratio of 0.50%, which means you’ll pay $5 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is actively managed to focus on innovative companies across multiple sectors. The higher cost reflects the specialized strategy and research involved in selecting these forward-thinking investments.
What would affect this ETF?The Goldman Sachs Innovate Equity ETF (GINN) could benefit from continued advancements in technology, healthcare, and renewable energy, as these sectors are key drivers of global innovation and are heavily represented in its portfolio. However, the ETF may face challenges from rising interest rates, which can negatively impact growth-oriented companies, and regulatory changes in major markets like the U.S. and China, where many of its top holdings operate. Global economic conditions and geopolitical tensions could also influence the performance of this ETF, given its broad geographic exposure.
GINN Top 10 Holdings
The Goldman Sachs Innovate Equity ETF (GINN) is leaning heavily on tech giants like Alphabet and Apple, which have shown steady growth, though Apple’s momentum seems to be cooling. Nvidia and Microsoft, while benefiting from their focus on AI and cloud innovation, have faced mixed signals recently, with valuation concerns and bearish trends holding them back. Tesla’s rising stock performance is giving the fund a jolt, while Eli Lilly’s strong healthcare gains add a healthy dose of stability. With a clear tilt toward technology and healthcare, GINN’s global portfolio is riding the wave of innovation but grappling with uneven sector performance.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Alphabet Class A | 2.18% | $4.83M | $3.71T | 57.96% | 85 Outperform | |
| Apple | 1.98% | $4.39M | $4.04T | 5.48% | 79 Outperform | |
| Nvidia | 1.92% | $4.25M | $4.40T | 31.00% | 76 Outperform | |
| Microsoft | 1.92% | $4.25M | $3.61T | 10.38% | 79 Outperform | |
| Amazon | 1.84% | $4.07M | $2.43T | -0.27% | 71 Outperform | |
| Meta Platforms | 1.74% | $3.86M | $1.66T | 8.84% | 76 Outperform | |
| Tencent Holdings | 1.33% | $2.95M | HK$5.56T | 48.30% | 75 Outperform | |
| Tesla | 1.24% | $2.74M | $1.60T | 5.72% | 73 Outperform | |
| Eli Lilly & Co | 1.00% | $2.22M | $1.01T | 35.19% | 72 Outperform | |
| Intel | 0.90% | $1.98M | $175.63B | 78.28% | 64 Neutral |
GINN Technical Analysis
Positive
―
Price Trends
74.22
Positive
72.87
Positive
67.76
Positive
Market Momentum
0.13
Negative
57.06
Neutral
57.60
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For GINN, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 74.20, equal to the 50-day MA of 74.22, and equal to the 200-day MA of 67.76, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 57.06 is Neutral, neither overbought nor oversold. The STOCH value of 57.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GINN.
GINN Peer Comparison
Comparison Results
Performance Comparison
GINN
Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF
75.12
11.70
18.45%
CGW
Invesco S&P Global Water Index ETF
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―
―
CHAT
Roundhill Generative AI & Technology ETF
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―
―
ILDR
First Trust Innovation Leaders ETF
―
―
―
TMAT
Main Thematic Innovation ETF
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―
―
SPRX
Spear Alpha ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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