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GTOP

GradeCNASDAQ Global Market

Goldman Sachs Technology Opportunities ETF

Active Equity · Goldman · Inception 1999-10-01 · SEC filings

$51.13−0.41 (−0.79%)

As of Sep 23, 2026, 3:01 PM EDT

History starts Dec 8, 2025.History starts Dec 8, 2025.
Intraday session: down, 24 prints from 51.54 to 51.13. Range 50.92 to 51.53. Use the arrow keys to read each point.$51.00$51.4010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$752M
1Y return
—
Yield · Last 12 months
—
Holdings
36
Volume · 30D
0M sh
NAV per share
$51.46
52W range
low $34.43high $51.58

The ETF.net GTOP Grade

C

50/ 100

Rank 17 of 35 in US Active Sector⁠

Confidence Medium

Six-pillar profile for GTOP. Scores out of 100: Cost 49, Risk 43, Mission not scored, Tradability 42, Holdings 63, Durability 84. Strongest: Durability (84). Weakest: Tradability (42). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 49
    Category rank17/35 · top 49%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 43
    Category rank22/35 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 42
    Category rank22/35 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 63
    Category rank14/35 · top 40%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 84
    Category rank4/35 · top 11%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on GTOP

ETF.net Research

CA 1999-vintage tech stock picker wrapped in an ETF: at least 80% in technology names, free to roam from US mega caps to emerging markets, and measured against the Nasdaq Composite.

Stated mandate

The Fund seeks long-term growth of capital. It invests at least 80% of its net assets in technology-company equity investments and generally targets companies expected to benefit from the proliferation of technology.

Why people hold it

  1. 01Genuinely active. Managers hunt companies set to benefit from the spread of technology across US, international and emerging markets instead of tracking a fixed list.
  2. 02The 0.65% fee sits right at the median for active US equity ETFs. You pay the going rate for stock picking, not a premium for it.
  3. 03The strategy dates to 1999, so its record runs through the dot-com bust and every tech cycle since. Few tech mandates have that much road behind them.
  4. 04Scored against the Nasdaq Composite Total Return Index, a demanding yardstick that makes the manager's contribution easy to judge.

Worth knowing

  1. 01Thinly traded. Spreads can widen, so order type and timing matter more here than with the market's busiest funds.
  2. 02One sector, concentrated book. A technology-only portfolio moves harder than a broad market fund, in both directions.
  3. 03Broad active core rivals cost far less (DFAU 0.12%, AVLC 0.15%). The extra fee here buys concentrated tech research, not diversification.

GTOP Holdings

As of Sep 20, 2026, 6:05 AM
Asset class
Stocks
Holdings
36
Top-10 weight
56%
Largest holding
NVDA13.1%

Geography

  • United States95.12%
  • Taiwan (Province of China)3.34%
  • Uruguay0.88%
  • United Kingdom0.66%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA CORPORATION13.08%432,575$95M828
002GOOGALPHABET INC.9.32%196,805$68M471
003AAPLAPPLE INC.5.01%107,823$36M707
004AMDADVANCED MICRO DEVICES INC.4.87%64,842$35M618
005AMZNAMAZON.COM INC4.80%138,597$35M720
006METAMETA PLATFORMS INC-CLASS A4.33%46,083$31M683
007MUMICRON TECHNOLOGY, INC.4.00%29,672$29M655
008MSFTMICROSOFT CORPORATION3.80%55,329$28M792
009PANWPALO ALTO NETWORKS INC.3.46%66,984$25M486
010TSMTAIWAN SEMICONDUCTOR MFG ADS-ADR3.30%55,656$24M268
011MRVLMARVELL TECHNOLOGY, INC.3.12%94,081$23M458
012TXNTEXAS INSTRUMENTS INC.2.83%79,646$21M497
013MAMASTERCARD INCORPORATED2.81%36,036$20M512
014SNOWSNOWFLAKE INC.2.62%56,249$19M321
015NETCLOUDFLARE, INC.2.62%56,849$19M273

Showing 1–15 of 36 holdings

GTOP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GTOP$13,045
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. GTOP $13,045. SPY $11,430. Use the arrow keys to read each point.$8,422$10,905$13,387Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GTOP. Periods over one year show the average yearly return.
PeriodGTOP
Year to date+30.4%
1 month+6.9%
3 months+4.7%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GTOP
YearReturn barGTOP
2026 YTD+30.4%
2025−1.2%

History from Dec 8, 2025

GTOP in the news

ETF.net Research hasn’t filed on GTOP yet — coverage lands here as it’s written.

GTOP Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

GTOP Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
No data available
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.51
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GTOP Cost

Expense ratio0.65%
  • The middle half of US Active Sector funds
  • Median 0.65%

14 of the 33 US Active Sector funds charge less.

GTOP costs $65.00 a year on $10,000. The median US Active Sector fund costs $65.00.