GDOC vs. FHLC
GDOC (Goldman Sachs Future Health Care Equity ETF) and FHLC (Fidelity MSCI Health Care Index ETF) are both Health & Biotech Equities funds. GDOC is actively managed, while FHLC is passively managed. Over the past 3 years, GDOC returned 0.05%/yr vs 6.14%/yr for FHLC. Their correlation of 0.87 suggests significant overlap in exposure. GDOC charges 0.75%/yr vs 0.08%/yr for FHLC.
Performance
GDOC vs. FHLC - Performance Comparison
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Returns By Period
In the year-to-date period, GDOC achieves a -7.76% return, which is significantly lower than FHLC's -3.90% return.
GDOC
- 1D
- 0.41%
- 1M
- 1.93%
- YTD
- -7.76%
- 6M
- -9.87%
- 1Y
- 5.18%
- 3Y*
- 0.05%
- 5Y*
- —
- 10Y*
- —
FHLC
- 1D
- 0.82%
- 1M
- 1.50%
- YTD
- -3.90%
- 6M
- -4.11%
- 1Y
- 14.43%
- 3Y*
- 6.14%
- 5Y*
- 4.50%
- 10Y*
- 9.14%
GDOC vs. FHLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | -7.76% | 10.74% | -1.66% | 4.60% | -17.12% | -2.77% |
FHLC Fidelity MSCI Health Care Index ETF | -3.90% | 15.42% | 2.48% | 2.58% | -5.55% | 3.75% |
Correlation
The correlation between GDOC and FHLC is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.87 |
The correlation between GDOC and FHLC has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.
GDOC vs. FHLC - Sectors Allocation Comparison
Sectors
GDOC
FHLC
Healthcare
Consumer Defensive
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Energy
-
-
Financial Services
-
Industrials
-
Real Estate
-
-
Technology
-
Utilities
-
-
Healthcare
GDOC
FHLC
Consumer Defensive
GDOC
FHLC
-
Basic Materials
GDOC
-
FHLC
-
Communication Services
GDOC
-
FHLC
-
Consumer Cyclical
GDOC
-
FHLC
-
Energy
GDOC
-
FHLC
-
Financial Services
GDOC
-
FHLC
Industrials
GDOC
-
FHLC
Real Estate
GDOC
-
FHLC
-
Technology
GDOC
-
FHLC
Utilities
GDOC
-
FHLC
-
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Return for Risk
GDOC vs. FHLC — Risk / Return Rank
GDOC
FHLC
GDOC vs. FHLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Health Care Equity ETF (GDOC) and Fidelity MSCI Health Care Index ETF (FHLC). 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.
| GDOC | FHLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.18 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.40 | -1.06 |
| Martin ratioReturn relative to average drawdown | 0.76 | 3.52 | -2.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDOC | FHLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.01 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.61 | -0.80 |
Drawdowns
GDOC vs. FHLC - Drawdown Comparison
The maximum GDOC drawdown since its inception was -31.01%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for GDOC and FHLC.
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Drawdown Indicators
| GDOC | FHLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.01% | -28.76% | -2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -10.38% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -16.87% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.76% | — |
Current DrawdownCurrent decline from peak | -15.53% | -6.96% | -8.57% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -5.19% | -10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.83% | 4.11% | +2.72% |
Volatility
GDOC vs. FHLC - Volatility Comparison
Goldman Sachs Future Health Care Equity ETF (GDOC) has a higher volatility of 4.90% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 4.05%. This indicates that GDOC's price experiences larger fluctuations and is considered to be riskier than FHLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDOC | FHLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.05% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 10.11% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 14.33% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 14.97% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.79% | 16.81% | +1.98% |
GDOC vs. FHLC - Expense Ratio Comparison
GDOC has a 0.75% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Dividends
GDOC vs. FHLC - Dividend Comparison
GDOC's dividend yield for the trailing twelve months is around 0.35%, less than FHLC's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLC Fidelity MSCI Health Care Index ETF | 1.43% | 1.40% | 1.51% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 1.38% | 1.38% | 1.40% | 2.07% |
GDOC Goldman Sachs Future Health Care Equity ETF | 0.35% | 0.32% | 0.02% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDOC and FHLC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDOC has higher volatility (4.90%) compared to FHLC (4.05%). In terms of maximum drawdown, GDOC dropped -31.01% vs FHLC's -28.76%.
On 3-year performance, FHLC leads with 6.14% vs 0.05% for GDOC. On fees, FHLC is cheaper at 0.08% per year. On volatility, FHLC has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FHLC has performed better with a 6.14% return vs 0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FHLC is cheaper with a 0.08% expense ratio, compared with 0.75% for GDOC.
FHLC has the higher dividend yield at 1.43%, compared with 0.35% for GDOC.
They also come from different issuers: Goldman Sachs and Fidelity. Their fees differ too: 0.75% for GDOC and 0.08% for FHLC.
FHLC currently has the higher Sharpe Ratio (1.01 vs 0.33), 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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