GDOC vs. GPIQ

Last updated Jun 4, 2026

GDOC (Goldman Sachs Future Health Care Equity ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - GDOC is a Health & Biotech Equities fund actively managed by Goldman Sachs, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. Both are actively managed. Over the past year, GDOC returned 5.18% vs 37.50% for GPIQ. At a 0.47 correlation, their price movements are largely independent. GDOC charges 0.75%/yr vs 0.29%/yr for GPIQ.

Performance

GDOC vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Future Health Care Equity ETF (GDOC) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDOC achieves a -7.76% return, which is significantly lower than GPIQ's 18.30% return.

GDOC

• 1D: 0.41%
• 1M: 1.93%
• YTD: -7.76%
• 6M: -9.87%
• 1Y: 5.18%
• 3Y*: 0.05%
• 5Y*: —
• 10Y*: —

GPIQ

• 1D: -0.19%
• 1M: 8.51%
• YTD: 18.30%
• 6M: 17.64%
• 1Y: 37.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDOC vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GDOC Goldman Sachs Future Health Care Equity ETF	-7.76%	10.74%	-1.66%	17.22%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	18.30%	19.77%	23.22%	15.38%

Correlation

The correlation between GDOC and GPIQ is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.47

GDOC vs. GPIQ - Sectors Allocation Comparison

Sectors	GDOC	GPIQ
Healthcare	97.3%	4.2%
Consumer Defensive	1.0%	7.7%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Energy	-	0.6%
Financial Services	-	0.2%
Industrials	-	2.9%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

GDOC vs. GPIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDOC

GDOC Risk / Return Rank: 13
GDOC Sharpe Ratio Rank: 14
GDOC Sortino Ratio Rank: 14
GDOC Omega Ratio Rank: 13
GDOC Calmar Ratio Rank: 13
GDOC Martin Ratio Rank: 13

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 84
GPIQ Sortino Ratio Rank: 81
GPIQ Omega Ratio Rank: 82
GPIQ Calmar Ratio Rank: 77
GPIQ Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDOC vs. GPIQ - 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 Nasdaq-100 Core Premium Income ETF (GPIQ). 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	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.81	-2.48
Sortino ratio: Return per unit of downside risk	0.60	3.71	-3.11
Omega ratio: Gain probability vs. loss probability	1.07	1.51	-0.44
Calmar ratio: Return relative to maximum drawdown	0.33	3.96	-3.63
Martin ratio: Return relative to average drawdown	0.76	17.48	-16.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDOC vs. GPIQ - Sharpe Ratio Comparison

The current GDOC Sharpe Ratio is 0.33, which is lower than the GPIQ Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of GDOC and GPIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GDOC	GPIQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	2.81	-2.48
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	1.78	-1.98

Drawdowns

GDOC vs. GPIQ - Drawdown Comparison

The maximum GDOC drawdown since its inception was -31.01%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GDOC and GPIQ.

Drawdown Indicators

	GDOC	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-31.01%	-21.06%	-9.95%
Max Drawdown (1Y) Largest decline over 1 year	-15.67%	-9.51%	-6.16%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	—	—
Current Drawdown Current decline from peak	-15.53%	-0.19%	-15.34%
Average Drawdown Average peak-to-trough decline	-15.90%	-2.27%	-13.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.83%	2.15%	+4.68%

Volatility

GDOC vs. GPIQ - Volatility Comparison

Goldman Sachs Future Health Care Equity ETF (GDOC) has a higher volatility of 4.90% compared to Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) at 3.39%. This indicates that GDOC's price experiences larger fluctuations and is considered to be riskier than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDOC	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	3.39%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	11.61%	10.44%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	15.64%	13.40%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	17.47%	+1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	17.47%	+1.32%

GDOC vs. GPIQ - Expense Ratio Comparison

GDOC has a 0.75% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

GDOC vs. GPIQ - Dividend Comparison

GDOC's dividend yield for the trailing twelve months is around 0.35%, less than GPIQ's 9.32% yield.

Position	TTM	2025	2024	2023	2022
GDOC Goldman Sachs Future Health Care Equity ETF	0.35%	0.32%	0.02%	0.55%	0.00%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.32%	9.81%	9.18%	1.74%	0.00%

Frequently Asked Questions

Can I hold both GDOC and GPIQ in my portfolio?

GDOC and GPIQ have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDOC or GPIQ?

GDOC has higher volatility (4.90%) compared to GPIQ (3.39%). In terms of maximum drawdown, GDOC dropped -31.01% vs GPIQ's -21.06%.

Which ETF is better, GDOC or GPIQ?

On 1-year performance, GPIQ leads with 37.50% vs 5.18% for GDOC. On fees, GPIQ is cheaper at 0.29% per year. On volatility, GPIQ has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDOC or GPIQ?

Over the 1-year period, GPIQ has performed better with a 37.50% return vs 5.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDOC or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.75% for GDOC.

Which ETF pays a higher dividend yield, GDOC or GPIQ?

GPIQ has the higher dividend yield at 9.32%, compared with 0.35% for GDOC.

What is the main difference between GDOC and GPIQ?

GDOC is categorized as Health & Biotech Equities, while GPIQ is Nasdaq-100. Their fees differ too: 0.75% for GDOC and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.81 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.