GDOC vs. GBIL
GDOC (Goldman Sachs Future Health Care Equity ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - GDOC is a Health & Biotech Equities fund actively managed by Goldman Sachs, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. GDOC is actively managed, while GBIL is passively managed. Over the past 3 years, GDOC returned 3.79%/yr vs 4.54%/yr for GBIL. Their 0.05 correlation means their historical movements had little consistent relationship. GDOC charges 0.75%/yr vs 0.12%/yr for GBIL.
Performance
GDOC vs. GBIL - Performance Comparison
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Returns By Period
In the year-to-date period, GDOC achieves a 0.66% return, which is significantly lower than GBIL's 2.00% return.
GDOC
- 1D
- -0.22%
- 1M
- -3.14%
- 6M
- 0.88%
- YTD
- 0.66%
- 1Y
- 15.93%
- 3Y*
- 3.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.65%
GBIL
- 1D
- 0.01%
- 1M
- 0.28%
- 6M
- 1.72%
- YTD
- 2.00%
- 1Y
- 3.74%
- 3Y*
- 4.54%
- 5Y*
- 3.43%
- 10Y*
- —
- ALL TIME*
- 2.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.62M | $52.46M | $69.99M | |
| $19.39K | $11.72K | $75.91K |
GDOC vs. GBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | 0.66% | 10.74% | -1.66% | 4.60% | -17.12% | -2.73% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 2.00% | 4.12% | 5.24% | 4.91% | 1.05% | -0.02% |
Correlation
The correlation between GDOC and GBIL is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.05 |
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Return for Risk
GDOC vs. GBIL — Risk / Return Rank
GDOC
GBIL
GDOC vs. GBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Health Care Equity ETF (GDOC) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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 | GBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.11 | ||
| Sortino ratioReturn per unit of downside risk | -148.75 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 92.87 | -91.70 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 187.90 | -186.88 |
| Martin ratioReturn relative to average drawdown | 2.21 | 2,250.52 | -2,248.31 |
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Drawdowns
GDOC vs. GBIL - Drawdown Comparison
The maximum GDOC drawdown since its inception was -31.01%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GDOC and GBIL.
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Drawdown Indicators
| GDOC | GBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.01% | -0.76% | -30.25% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -0.02% | -15.65% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -0.76% | -21.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.76% | — |
Current DrawdownCurrent decline from peak | -7.82% | 0.00% | -7.82% |
Average DrawdownAverage peak-to-trough decline | -15.66% | -0.04% | -15.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.22% | 0.00% | +7.22% |
Volatility
GDOC vs. GBIL - Volatility Comparison
Goldman Sachs Future Health Care Equity ETF (GDOC) has a higher volatility of 3.77% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.06%. This indicates that GDOC's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDOC | GBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 0.06% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 0.14% | +12.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.11% | 0.21% | +15.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 0.58% | +18.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 0.47% | +18.25% |
GDOC vs. GBIL - Expense Ratio Comparison
GDOC has a 0.75% expense ratio, which is higher than GBIL's 0.12% expense ratio.
Dividends
GDOC vs. GBIL - Dividend Comparison
GDOC's dividend yield for the trailing twelve months is around 0.32%, less than GBIL's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.68% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
GDOC Goldman Sachs Future Health Care Equity ETF | 0.32% | 0.32% | 0.02% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDOC and GBIL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDOC has higher volatility (3.77%) compared to GBIL (0.06%). In terms of maximum drawdown, GDOC dropped -31.01% vs GBIL's -0.76%.
On 3-year performance, GBIL leads with 4.54% vs 3.79% for GDOC. On fees, GBIL is cheaper at 0.12% per year. On volatility, GBIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GBIL has performed better with a 4.54% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GBIL is cheaper with a 0.12% expense ratio, compared with 0.75% for GDOC.
GBIL has the higher dividend yield at 3.68%, compared with 0.32% for GDOC.
GDOC is categorized as Health & Biotech Equities, while GBIL is Government Bonds. Their fees differ too: 0.75% for GDOC and 0.12% for GBIL.
GBIL currently has the higher Sharpe Ratio (18.10 vs 1.00), 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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