GDOC vs. GSEW

Last updated Jun 23, 2026

GDOC (Goldman Sachs Future Health Care Equity ETF) and GSEW (Goldman Sachs Equal Weight U.S. Large Cap Equity ETF) are both exchange-traded funds - GDOC is a Health & Biotech Equities fund actively managed by Goldman Sachs, while GSEW is a Large Cap Blend Equities fund tracking the Solactive US Large Cap Equal Weight Index. GDOC is actively managed, while GSEW is passively managed. Over the past 3 years, GDOC returned 0.91%/yr vs 17.31%/yr for GSEW. A 0.75 correlation means they provide meaningful diversification when combined. GDOC charges 0.75%/yr vs 0.09%/yr for GSEW.

Performance

GDOC vs. GSEW - 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 Equal Weight U.S. Large Cap Equity ETF (GSEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDOC achieves a -5.08% return, which is significantly lower than GSEW's 10.29% return.

GDOC

• 1D: 1.69%
• 1M: 1.70%
• YTD: -5.08%
• 6M: -6.35%
• 1Y: 8.39%
• 3Y*: 0.91%
• 5Y*: —
• 10Y*: —

GSEW

• 1D: 0.44%
• 1M: 1.71%
• YTD: 10.29%
• 6M: 8.86%
• 1Y: 19.27%
• 3Y*: 17.31%
• 5Y*: 8.74%
• 10Y*: —

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

GDOC vs. GSEW - 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%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	10.29%	11.97%	16.89%	17.80%	-17.54%	0.22%

Correlation

The correlation between GDOC and GSEW is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021	0.75

The correlation between GDOC and GSEW shifts across timeframes, from 0.57 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

GDOC vs. GSEW - Sectors Allocation Comparison

Sectors	GDOC	GSEW
Healthcare	97.8%	11.3%
Consumer Defensive	1.1%	5.5%
Basic Materials	-	4.4%
Communication Services	-	4.0%
Consumer Cyclical	-	9.4%
Energy	-	4.6%
Financial Services	-	14.1%
Industrials	-	15.5%
Real Estate	-	4.2%
Technology	-	21.5%
Utilities	-	5.6%

Return for Risk

GDOC vs. GSEW — Risk / Return Rank

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

GDOC

GDOC Risk / Return Rank: 15
GDOC Sharpe Ratio Rank: 17
GDOC Sortino Ratio Rank: 17
GDOC Omega Ratio Rank: 15
GDOC Calmar Ratio Rank: 15
GDOC Martin Ratio Rank: 14

GSEW

GSEW Risk / Return Rank: 48
GSEW Sharpe Ratio Rank: 46
GSEW Sortino Ratio Rank: 45
GSEW Omega Ratio Rank: 43
GSEW Calmar Ratio Rank: 52
GSEW Martin Ratio Rank: 56

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. GSEW - 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 Equal Weight U.S. Large Cap Equity ETF (GSEW). 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	GSEW	Difference
Sharpe ratio: Return per unit of total volatility	0.53	1.56	-1.03
Sortino ratio: Return per unit of downside risk	0.90	2.22	-1.32
Omega ratio: Gain probability vs. loss probability	1.10	1.27	-0.17
Calmar ratio: Return relative to maximum drawdown	0.54	2.51	-1.97
Martin ratio: Return relative to average drawdown	1.18	9.52	-8.35

GDOC vs. GSEW - Sharpe Ratio Comparison

The current GDOC Sharpe Ratio is 0.53, which is lower than the GSEW Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of GDOC and GSEW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDOC vs. GSEW - Drawdown Comparison

The maximum GDOC drawdown since its inception was -31.01%, smaller than the maximum GSEW drawdown of -38.65%. Use the drawdown chart below to compare losses from any high point for GDOC and GSEW.

Drawdown Indicators

	GDOC	GSEW	Difference
Max Drawdown Largest peak-to-trough decline	-31.01%	-38.65%	+7.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.67%	-7.72%	-7.95%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	-18.18%	-4.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.74%	—
Current Drawdown Current decline from peak	-13.08%	-1.11%	-11.97%
Average Drawdown Average peak-to-trough decline	-15.87%	-5.86%	-10.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.14%	2.03%	+5.11%

Volatility

GDOC vs. GSEW - Volatility Comparison

Goldman Sachs Future Health Care Equity ETF (GDOC) has a higher volatility of 5.01% compared to Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) at 3.88%. This indicates that GDOC's price experiences larger fluctuations and is considered to be riskier than GSEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDOC	GSEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	3.88%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	12.00%	9.46%	+2.54%
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	12.46%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	16.96%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	19.18%	-0.41%

GDOC vs. GSEW - Expense Ratio Comparison

GDOC has a 0.75% expense ratio, which is higher than GSEW's 0.09% expense ratio.

Dividends

GDOC vs. GSEW - Dividend Comparison

GDOC's dividend yield for the trailing twelve months is around 0.34%, less than GSEW's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF	1.41%	1.52%	1.46%	1.64%	1.74%	1.34%	1.53%	1.66%	1.56%	0.54%

Frequently Asked Questions

Can I hold both GDOC and GSEW in my portfolio?

GDOC and GSEW have a correlation of 0.57, 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 GSEW?

GDOC has higher volatility (5.01%) compared to GSEW (3.88%). In terms of maximum drawdown, GDOC dropped -31.01% vs GSEW's -38.65%.

Which ETF is better, GDOC or GSEW?

On 3-year performance, GSEW leads with 17.31% vs 0.91% for GDOC. On fees, GSEW is cheaper at 0.09% per year. On volatility, GSEW has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDOC or GSEW?

Over the 3-year period, GSEW has performed better with a 17.31% return vs 0.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDOC or GSEW?

GSEW is cheaper with a 0.09% expense ratio, compared with 0.75% for GDOC.

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

GSEW has the higher dividend yield at 1.41%, compared with 0.34% for GDOC.

What is the main difference between GDOC and GSEW?

GDOC is categorized as Health & Biotech Equities, while GSEW is Large Cap Blend Equities. Their fees differ too: 0.75% for GDOC and 0.09% for GSEW.

Which has better risk-adjusted returns?

GSEW currently has the higher Sharpe Ratio (1.56 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.