GDOC vs. MHIP
GDOC (Goldman Sachs Future Health Care Equity ETF) and MHIP (Milliman Healthcare Inflation Plus ETF) are both Health & Biotech Equities funds. Both are actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. GDOC charges 0.75%/yr vs 0.55%/yr for MHIP.
Performance
GDOC vs. MHIP - Performance Comparison
Loading charts...
Returns By Period
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%
MHIP
- 1D
- 0.39%
- 1M
- -0.68%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.39K | $11.72K | $75.91K | |
| $1.34K | $877.52 | $4.14K |
GDOC vs. MHIP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | 6.87% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.60% |
Correlation
The correlation between GDOC and MHIP is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026 | 0.72 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GDOC vs. MHIP — Risk / Return Rank
GDOC
MHIP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GDOC vs. MHIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Health Care Equity ETF (GDOC) and Milliman Healthcare Inflation Plus ETF (MHIP). 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 | MHIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | — | — |
| Martin ratioReturn relative to average drawdown | 2.21 | — | — |
Loading charts...
Drawdowns
GDOC vs. MHIP - Drawdown Comparison
The maximum GDOC drawdown since its inception was -31.01%, which is greater than MHIP's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for GDOC and MHIP.
Loading charts...
Drawdown Indicators
| GDOC | MHIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.01% | -3.09% | -27.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | — | — |
Current DrawdownCurrent decline from peak | -7.82% | -1.02% | -6.80% |
Average DrawdownAverage peak-to-trough decline | -15.66% | -1.30% | -14.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.22% | — | — |
Volatility
GDOC vs. MHIP - Volatility Comparison
Loading charts...
Volatility by Period
| GDOC | MHIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.11% | 10.92% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 10.92% | +7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 10.92% | +7.80% |
GDOC vs. MHIP - Expense Ratio Comparison
GDOC has a 0.75% expense ratio, which is higher than MHIP's 0.55% expense ratio.
Dividends
GDOC vs. MHIP - Dividend Comparison
GDOC's dividend yield for the trailing twelve months is around 0.32%, while MHIP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | 0.32% | 0.32% | 0.02% | 0.55% | 0.00% |
MHIP Milliman Healthcare Inflation Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDOC and MHIP have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MHIP is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MHIP is cheaper with a 0.55% expense ratio, compared with 0.75% for GDOC.
GDOC has the higher dividend yield at 0.32%, compared with 0.00% for MHIP.
They also come from different issuers: Goldman Sachs and Milliman. Their fees differ too: 0.75% for GDOC and 0.55% for MHIP.
Find the right allocation for GDOC and MHIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer