GEM vs. DBAW ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW)

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.16

Average Daily Volume

68,074

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.37

Average Daily Volume

12,784

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GEM	DBAW
30 Days	-3.80%	-1.17%
60 Days	-1.37%	0.94%
90 Days	-1.13%	1.58%
12 Months	12.15%	18.22%

39 Overlapping Holdings

Symbol	Grade	Weight in GEM	Weight in DBAW	Overlap
ABEV	F	0.07%	0.03%	0.03%
ASAI	F	0.04%	0.02%	0.02%
ATHM	D	0.07%	0.01%	0.01%
BABA	D	1.93%	0.59%	0.59%
BAP	B	0.08%	0.04%	0.04%
BCH	F	0.09%	0.02%	0.02%
BEKE	D	0.05%	0.04%	0.04%
BGNE	D	0.11%	0.03%	0.03%
BIDU	F	0.15%	0.09%	0.09%
BRFS	D	0.04%	0.01%	0.01%
BVN	F	0.03%	0.01%	0.01%
BZ	F	0.03%	0.01%	0.01%
CHT	D	0.06%	0.05%	0.05%
CSAN	F	0.04%	0.01%	0.01%
ERJ	B	0.05%	0.02%	0.02%
GGB	C	0.09%	0.02%	0.02%
HDB	C	0.46%	0.29%	0.29%
IBN	C	0.8%	0.26%	0.26%
IQ	F	0.03%	0.0%	0.0%
KB	B	0.27%	0.09%	0.09%
KEP	B	0.04%	0.02%	0.02%
LI	F	0.06%	0.05%	0.05%
LPL	F	0.04%	0.01%	0.01%
NU	C	0.14%	0.14%	0.14%
PAGS	F	0.03%	0.0%	0.0%
PDD	F	0.75%	0.27%	0.27%
QFIN	B	0.2%	0.01%	0.01%
SCCO	F	0.09%	0.03%	0.03%
SHG	D	0.2%	0.06%	0.06%
SKM	D	0.22%	0.0%	0.0%
TAL	F	0.06%	0.01%	0.01%
TCOM	B	0.18%	0.11%	0.11%
TME	D	0.1%	0.03%	0.03%
UMC	F	0.18%	0.06%	0.06%
VALE	F	0.41%	0.11%	0.11%
VIPS	F	0.2%	0.02%	0.02%
WIT	A	0.21%	0.03%	0.03%
XP	F	0.05%	0.02%	0.02%
YUMC	C	0.24%	0.07%	0.07%

GEM Overweight 1 Positions Relative to DBAW

	Symbol	Grade	Weight
	KT	A	0.09%

GEM Underweight 47 Positions Relative to DBAW

Symbol	Grade	Weight
NVS	D	-0.71%
TM	D	-0.62%
HSBH	B	-0.58%
UL	D	-0.5%
MUFG	B	-0.46%
SHOP	B	-0.46%
SONY	B	-0.41%
TD	F	-0.34%
SMFG	B	-0.31%
ABBV	D	-0.31%
DEO	F	-0.23%
MFG	B	-0.21%
CNI	D	-0.2%
BCS	C	-0.17%
LYG	F	-0.15%
HMC	F	-0.14%
SE	B	-0.13%
E	F	-0.12%
STLA	F	-0.1%
GOLD	D	-0.1%
AER	B	-0.07%
RBA	A	-0.06%
TEVA	D	-0.06%
NMR	B	-0.06%
CYBR	B	-0.05%
CHKP	D	-0.05%
XRX	F	-0.05%
CCEP	C	-0.05%
LOGI	D	-0.04%
OTEX	D	-0.03%
XPEV	C	-0.03%
HTHT	D	-0.03%
WIX	B	-0.03%
GRAB	B	-0.03%
QGEN	D	-0.03%
MNDY	C	-0.03%
FUTU	D	-0.02%
AGCO	D	-0.02%
WFG	D	-0.02%
NIO	F	-0.02%
DOOO	F	-0.01%
STNE	F	-0.01%
SBSW	D	-0.01%
LEGN	F	-0.01%
MBAVU	D	-0.01%
BILI	D	-0.01%
GLBE	B	-0.01%