GINN
Goldman Sachs Innovate Equity ETF
GINN tracks an index that selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
226.6 M
ASSETS UNDER MGMT
52 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs Group, Inc. |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 06, 2020 |
| Assets (mns) | $227 |
| Expense ratio | 52 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALPHABET INC. CLASS A | 2.2 % |
| APPLE INC | 2.0 % |
| NVIDIA CORP | 1.9 % |
| MICROSOFT CORP | 1.9 % |
| AMAZON.COM INC | 1.8 % |
| META PLATFORMS INC | 1.7 % |
| TENCENT HOLDINGS LTD | 1.3 % |
| TESLA MOTORS INC | 1.1 % |
| ELI LILLY & CO | 1.0 % |
| INTEL CORP | 0.9 % |
Constituent Breakdown
| Number of holdings | 476 |
| Herfindahl-Hirschman Index | 71 |
| Wgt avg mkt cap (mns) | $625,455 |
| Large cap (>$10bn) | 88.2% |
| Mid cap ($2-10bn) | 16.8% |
| Small cap (<$2bn) | 8.0% |
| Developed mkts. | 100.4% |
| Emerging mkts. | 13.3% |
Country Exposure
 |
UNITED STATES | 68.6 % |
 |
CHINA | 5.8 % |
 |
JAPAN | 2.7 % |
 |
GERMANY | 2.3 % |
 |
SWITZERLAND | 2.2 % |
 |
BRITAIN | 1.9 % |
 |
NETHERLANDS | 1.7 % |
 |
CANADA | 1.6 % |
 |
FRANCE | 1.6 % |
 |
SOUTH KOREA | 1.1 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.8% | 18.8% | 18.0% | 21.4% | 5.7% | -- | -- | 7.5% |
| Dividend Yield | 1.5% | 1.5% | 1.5% | 1.4% | 1.0% | -- | -- | 1.0% |
| Total Returns | 20.3% | 20.3% | 19.5% | 22.9% | 6.7% | -- | -- | 8.5% | Ann. Volatility | 21.1% | 21.1% | 18.6% | 18.1% | 21.5% | -- | -- | 21.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 91% |
| MSCI EAFE | 1.08 | 70% |
| MSCI Emg Mkts | 1.02 | 72% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.27% |
Technical Indicators
| 30d moving avg. (EMA) | $73.95 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.58/0.37 |
| Bollinger Bands (Upper/Lower) | $75.95/$72.03 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GINN |
Expenses vs. GINN |
ALTAR Score™ vs. GINN |
|---|---|---|---|---|
| TOPC | iShares S&P 500 3% Capped ETF | 37.2% | -37 bp | +5.0% |
| DSPY | Tema S&P 500 Historical Weight ETF | 37.0% | -34 bp | +5.1% |
| MODL | VictoryShares WestEnd U.S. Sector ETF | 36.8% | -10 bp | +4.6% |
| KLMN | Invesco MSCI North America Climate ETF | 36.0% | -43 bp | +5.0% |
| DFSU | Dimensional US Sustainability Core 1 ETF | 35.7% | -34 bp | +5.3% |
| USNZ | Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 35.7% | -42 bp | +4.9% |
| GXLC | Global X U.S. 500 ETF | 35.7% | -50 bp | +4.8% |
| STRV | Strive 500 ETF | 35.6% | -47 bp | +4.8% |
| PBUS | Invesco MSCI USA ETF | 35.6% | -48 bp | +4.9% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 35.4% | -52 bp | +4.8% |
Risk and Returns: GINN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/12/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
GINN
4.2%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 391 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
2.9%. GINN's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places GINN in the 51st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GINNSELL
U/W
HOLD
O/W
BUY