GDOC vs. PIT
GDOC (Goldman Sachs Future Health Care Equity ETF) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - GDOC is a Health & Biotech Equities fund actively managed by Goldman Sachs, while PIT is a Commodities fund actively managed by VanEck. Both are actively managed. Over the past 3 years, GDOC returned 0.91%/yr vs 19.51%/yr for PIT. At a correlation of -0.03, they often move in opposite directions. GDOC charges 0.75%/yr vs 0.55%/yr for PIT.
Performance
GDOC vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, GDOC achieves a -5.08% return, which is significantly lower than PIT's 27.31% return.
GDOC
- 1D
- 1.69%
- 1M
- 1.70%
- YTD
- -5.08%
- 6M
- -6.35%
- 1Y
- 8.39%
- 3Y*
- 0.91%
- 5Y*
- —
- 10Y*
- —
PIT
- 1D
- -0.75%
- 1M
- -10.60%
- YTD
- 27.31%
- 6M
- 26.74%
- 1Y
- 38.33%
- 3Y*
- 19.51%
- 5Y*
- —
- 10Y*
- —
GDOC vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | -5.08% | 10.74% | -1.66% | 4.60% | -0.87% |
PIT VanEck Commodity Strategy ETF | 27.31% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between GDOC and PIT is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | -0.03 |
The correlation between GDOC and PIT shifts across timeframes, from -0.22 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GDOC vs. PIT — Risk / Return Rank
GDOC
PIT
GDOC vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Health Care Equity ETF (GDOC) and VanEck Commodity Strategy ETF (PIT). 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 | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.32 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 2.74 | -2.20 |
| Martin ratioReturn relative to average drawdown | 1.18 | 10.88 | -9.70 |
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Drawdowns
GDOC vs. PIT - Drawdown Comparison
The maximum GDOC drawdown since its inception was -31.01%, which is greater than PIT's maximum drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for GDOC and PIT.
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Drawdown Indicators
| GDOC | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.01% | -14.05% | -16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -14.05% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -14.05% | -8.46% |
Current DrawdownCurrent decline from peak | -13.08% | -14.05% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -4.07% | -11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.14% | 3.59% | +3.55% |
Volatility
GDOC vs. PIT - Volatility Comparison
Goldman Sachs Future Health Care Equity ETF (GDOC) has a higher volatility of 5.01% compared to VanEck Commodity Strategy ETF (PIT) at 4.67%. This indicates that GDOC's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDOC | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 4.67% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 19.36% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 21.66% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 17.50% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 17.50% | +1.27% |
GDOC vs. PIT - Expense Ratio Comparison
GDOC has a 0.75% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
GDOC vs. PIT - Dividend Comparison
GDOC's dividend yield for the trailing twelve months is around 0.34%, less than PIT's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | 0.34% | 0.32% | 0.02% | 0.55% | 0.00% |
PIT VanEck Commodity Strategy ETF | 7.00% | 8.92% | 3.59% | 6.44% | 0.00% |
Frequently Asked Questions
GDOC and PIT have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDOC has higher volatility (5.01%) compared to PIT (4.67%). In terms of maximum drawdown, GDOC dropped -31.01% vs PIT's -14.05%.
On 3-year performance, PIT leads with 19.51% vs 0.91% for GDOC. On fees, PIT is cheaper at 0.55% per year. On volatility, PIT has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PIT has performed better with a 19.51% return vs 0.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PIT is cheaper with a 0.55% expense ratio, compared with 0.75% for GDOC.
PIT has the higher dividend yield at 7.00%, compared with 0.34% for GDOC.
GDOC is categorized as Health & Biotech Equities, while PIT is Commodities. They also come from different issuers: Goldman Sachs and VanEck. Their fees differ too: 0.75% for GDOC and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (1.78 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.
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