GDOC vs. FAAR
GDOC (Goldman Sachs Future Health Care Equity ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - GDOC is a Health & Biotech Equities fund actively managed by Goldman Sachs, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. Over the past 3 years, GDOC returned 0.91%/yr vs 10.91%/yr for FAAR. At a correlation of -0.06, they often move in opposite directions. GDOC charges 0.75%/yr vs 0.95%/yr for FAAR.
Performance
GDOC vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, GDOC achieves a -5.08% return, which is significantly lower than FAAR's 20.23% return.
GDOC
- 1D
- 1.69%
- 1M
- 1.70%
- YTD
- -5.08%
- 6M
- -6.35%
- 1Y
- 8.39%
- 3Y*
- 0.91%
- 5Y*
- —
- 10Y*
- —
FAAR
- 1D
- -0.05%
- 1M
- -4.34%
- YTD
- 20.23%
- 6M
- 19.92%
- 1Y
- 26.86%
- 3Y*
- 10.91%
- 5Y*
- 7.89%
- 10Y*
- 4.79%
GDOC vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | -5.08% | 10.74% | -1.66% | 4.60% | -17.12% | -2.73% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 20.23% | 8.07% | 5.97% | -5.63% | 10.15% | -1.96% |
Correlation
The correlation between GDOC and FAAR is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | -0.06 |
The correlation between GDOC and FAAR shifts across timeframes, from -0.17 (1 year) to -0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GDOC vs. FAAR — Risk / Return Rank
GDOC
FAAR
GDOC vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Health Care Equity ETF (GDOC) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDOC | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.35 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 4.75 | -4.21 |
| Martin ratioReturn relative to average drawdown | 1.18 | 14.70 | -13.52 |
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Drawdowns
GDOC vs. FAAR - Drawdown Comparison
The maximum GDOC drawdown since its inception was -31.01%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for GDOC and FAAR.
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Drawdown Indicators
| GDOC | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.01% | -18.03% | -12.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -5.68% | -9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -11.54% | -10.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -13.08% | -5.43% | -7.65% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -7.82% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.14% | 1.89% | +5.25% |
Volatility
GDOC vs. FAAR - Volatility Comparison
Goldman Sachs Future Health Care Equity ETF (GDOC) has a higher volatility of 5.01% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.47%. This indicates that GDOC's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDOC | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 2.47% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 9.68% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 13.37% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 12.95% | +5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 11.53% | +7.24% |
GDOC vs. FAAR - Expense Ratio Comparison
GDOC has a 0.75% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
GDOC vs. FAAR - Dividend Comparison
GDOC's dividend yield for the trailing twelve months is around 0.34%, less than FAAR's 9.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.57% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
GDOC Goldman Sachs Future Health Care Equity ETF | 0.34% | 0.32% | 0.02% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDOC and FAAR have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDOC has higher volatility (5.01%) compared to FAAR (2.47%). In terms of maximum drawdown, GDOC dropped -31.01% vs FAAR's -18.03%.
On 3-year performance, FAAR leads with 10.91% vs 0.91% for GDOC. On fees, GDOC is cheaper at 0.75% per year. On volatility, FAAR has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FAAR has performed better with a 10.91% return vs 0.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDOC is cheaper with a 0.75% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.57%, compared with 0.34% for GDOC.
GDOC is categorized as Health & Biotech Equities, while FAAR is Commodities. They also come from different issuers: Goldman Sachs and First Trust. Their fees differ too: 0.75% for GDOC and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (2.02 vs 0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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