GDOC vs. IXJ
GDOC (Goldman Sachs Future Health Care Equity ETF) and IXJ (iShares Global Healthcare ETF) are both Health & Biotech Equities funds. GDOC is actively managed, while IXJ is passively managed. Over the past 3 years, GDOC returned 0.05%/yr vs 4.42%/yr for IXJ. Their correlation of 0.84 suggests significant overlap in exposure. GDOC charges 0.75%/yr vs 0.46%/yr for IXJ.
Performance
GDOC vs. IXJ - 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 IXJ's -5.26% return.
GDOC
- 1D
- 0.41%
- 1M
- 1.93%
- YTD
- -7.76%
- 6M
- -9.87%
- 1Y
- 5.18%
- 3Y*
- 0.05%
- 5Y*
- —
- 10Y*
- —
IXJ
- 1D
- 0.39%
- 1M
- 0.34%
- YTD
- -5.26%
- 6M
- -4.88%
- 1Y
- 9.30%
- 3Y*
- 4.42%
- 5Y*
- 4.02%
- 10Y*
- 7.66%
GDOC vs. IXJ - 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% |
IXJ iShares Global Healthcare ETF | -5.26% | 14.99% | 0.55% | 3.62% | -4.94% | 4.01% |
Correlation
The correlation between GDOC and IXJ is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.84 |
The correlation between GDOC and IXJ has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
GDOC vs. IXJ - Sectors Allocation Comparison
Sectors
GDOC
IXJ
Healthcare
Consumer Defensive
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Energy
-
-
Financial Services
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Healthcare
GDOC
IXJ
Consumer Defensive
GDOC
IXJ
Basic Materials
GDOC
-
IXJ
-
Communication Services
GDOC
-
IXJ
-
Consumer Cyclical
GDOC
-
IXJ
-
Energy
GDOC
-
IXJ
-
Financial Services
GDOC
-
IXJ
-
Industrials
GDOC
-
IXJ
-
Real Estate
GDOC
-
IXJ
-
Technology
GDOC
-
IXJ
-
Utilities
GDOC
-
IXJ
-
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Return for Risk
GDOC vs. IXJ — Risk / Return Rank
GDOC
IXJ
GDOC vs. IXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Health Care Equity ETF (GDOC) and iShares Global Healthcare ETF (IXJ). 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 | IXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.12 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.87 | -0.53 |
| Martin ratioReturn relative to average drawdown | 0.76 | 2.11 | -1.35 |
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 | IXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.64 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.42 | -0.61 |
Drawdowns
GDOC vs. IXJ - Drawdown Comparison
The maximum GDOC drawdown since its inception was -31.01%, smaller than the maximum IXJ drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for GDOC and IXJ.
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Drawdown Indicators
| GDOC | IXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.01% | -40.60% | +9.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -10.78% | -4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -18.14% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.35% | — |
Current DrawdownCurrent decline from peak | -15.53% | -9.27% | -6.26% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -6.92% | -8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.83% | 4.41% | +2.42% |
Volatility
GDOC vs. IXJ - Volatility Comparison
Goldman Sachs Future Health Care Equity ETF (GDOC) has a higher volatility of 4.90% compared to iShares Global Healthcare ETF (IXJ) at 3.75%. This indicates that GDOC's price experiences larger fluctuations and is considered to be riskier than IXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDOC | IXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 3.75% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 10.05% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 14.55% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 14.21% | +4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.79% | 15.67% | +3.12% |
GDOC vs. IXJ - Expense Ratio Comparison
GDOC has a 0.75% expense ratio, which is higher than IXJ's 0.46% expense ratio.
Dividends
GDOC vs. IXJ - Dividend Comparison
GDOC's dividend yield for the trailing twelve months is around 0.35%, less than IXJ's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IXJ iShares Global Healthcare ETF | 1.47% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
Frequently Asked Questions
GDOC and IXJ have a correlation of 0.85, 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 IXJ (3.75%). In terms of maximum drawdown, GDOC dropped -31.01% vs IXJ's -40.60%.
On 3-year performance, IXJ leads with 4.42% vs 0.05% for GDOC. On fees, IXJ is cheaper at 0.46% per year. On volatility, IXJ has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IXJ has performed better with a 4.42% return vs 0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXJ is cheaper with a 0.46% expense ratio, compared with 0.75% for GDOC.
IXJ has the higher dividend yield at 1.47%, compared with 0.35% for GDOC.
They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.75% for GDOC and 0.46% for IXJ.
IXJ currently has the higher Sharpe Ratio (0.64 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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