GDOC vs. PBPH
GDOC (Goldman Sachs Future Health Care Equity ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both Health & Biotech Equities funds. GDOC is actively managed, while PBPH is passively managed. A 0.80 correlation means they provide meaningful diversification when combined. GDOC charges 0.75%/yr vs 0.13%/yr for PBPH.
Performance
GDOC vs. PBPH - 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 PBPH's -1.13% return.
GDOC
- 1D
- 0.41%
- 1M
- 1.93%
- YTD
- -7.76%
- 6M
- -9.87%
- 1Y
- 5.18%
- 3Y*
- 0.05%
- 5Y*
- —
- 10Y*
- —
PBPH
- 1D
- 0.58%
- 1M
- 0.07%
- YTD
- -1.13%
- 6M
- -0.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDOC vs. PBPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | -7.76% | -4.17% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | -1.13% | 0.76% |
Correlation
The correlation between GDOC and PBPH is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.80 |
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Return for Risk
GDOC vs. PBPH — Risk / Return Rank
GDOC
PBPH
GDOC vs. PBPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Health Care Equity ETF (GDOC) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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 | PBPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.07 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | — | — |
| Martin ratioReturn relative to average drawdown | 0.76 | — | — |
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 | PBPH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | -0.04 | -0.15 |
Drawdowns
GDOC vs. PBPH - Drawdown Comparison
The maximum GDOC drawdown since its inception was -31.01%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for GDOC and PBPH.
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Drawdown Indicators
| GDOC | PBPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.01% | -11.10% | -19.91% |
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 | -15.53% | -8.69% | -6.84% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -4.23% | -11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.83% | — | — |
Volatility
GDOC vs. PBPH - Volatility Comparison
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Volatility by Period
| GDOC | PBPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 16.78% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 16.78% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.79% | 16.78% | +2.01% |
GDOC vs. PBPH - Expense Ratio Comparison
GDOC has a 0.75% expense ratio, which is higher than PBPH's 0.13% expense ratio.
Dividends
GDOC vs. PBPH - Dividend Comparison
GDOC's dividend yield for the trailing twelve months is around 0.35%, more than PBPH's 0.09% 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% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 0.09% | 0.09% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDOC and PBPH have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBPH is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBPH is cheaper with a 0.13% expense ratio, compared with 0.75% for GDOC.
GDOC has the higher dividend yield at 0.35%, compared with 0.09% for PBPH.
They also come from different issuers: Goldman Sachs and Portfolio Building Block. Their fees differ too: 0.75% for GDOC and 0.13% for PBPH.
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