GINN vs. KOMP
Compare and contrast key facts about Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and SPDR S&P Kensho New Economies Composite ETF (KOMP).
GINN and KOMP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GINN is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive Innovative Global Equity Index. It was launched on Nov 6, 2020. KOMP is a passively managed fund by State Street that tracks the performance of the S&P Kensho New Economies Composite Index. It was launched on Oct 22, 2018. Both GINN and KOMP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GINN or KOMP.
Performance
GINN vs. KOMP - Performance Comparison
Returns By Period
In the year-to-date period, GINN achieves a 17.56% return, which is significantly higher than KOMP's 11.68% return.
GINN
17.56%
-0.23%
8.72%
29.27%
N/A
N/A
KOMP
11.68%
2.50%
9.23%
29.41%
9.62%
N/A
Key characteristics
| GINN | KOMP | |
|---|---|---|
| Sharpe Ratio | 1.92 | 1.52 |
| Sortino Ratio | 2.59 | 2.14 |
| Omega Ratio | 1.33 | 1.26 |
| Calmar Ratio | 1.15 | 0.69 |
| Martin Ratio | 11.03 | 6.74 |
| Ulcer Index | 2.69% | 4.57% |
| Daily Std Dev | 15.41% | 20.31% |
| Max Drawdown | -41.25% | -50.06% |
| Current Drawdown | -3.69% | -28.14% |
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GINN vs. KOMP - Expense Ratio Comparison
GINN has a 0.50% expense ratio, which is higher than KOMP's 0.20% expense ratio.
Correlation
The correlation between GINN and KOMP is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GINN vs. KOMP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and SPDR S&P Kensho New Economies Composite ETF (KOMP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
GINN vs. KOMP - Dividend Comparison
GINN's dividend yield for the trailing twelve months is around 0.86%, less than KOMP's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 0.86% | 1.01% | 0.69% | 0.67% | 0.07% | 0.00% | 0.00% |
KOMP SPDR S&P Kensho New Economies Composite ETF | 1.09% | 1.27% | 1.47% | 1.44% | 0.69% | 0.81% | 0.13% |
Drawdowns
GINN vs. KOMP - Drawdown Comparison
The maximum GINN drawdown since its inception was -41.25%, smaller than the maximum KOMP drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for GINN and KOMP. For additional features, visit the drawdowns tool.
Volatility
GINN vs. KOMP - Volatility Comparison
The current volatility for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) is 4.54%, while SPDR S&P Kensho New Economies Composite ETF (KOMP) has a volatility of 6.97%. This indicates that GINN experiences smaller price fluctuations and is considered to be less risky than KOMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.