GDOC vs. PSCH
Compare and contrast key facts about Goldman Sachs Future Health Care Equity ETF (GDOC) and Invesco S&P SmallCap Health Care ETF (PSCH).
GDOC and PSCH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDOC is an actively managed fund by Goldman Sachs. It was launched on Nov 9, 2021. PSCH is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Health Care Index. It was launched on Apr 7, 2010.
Performance
GDOC vs. PSCH - Performance Comparison
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GDOC vs. PSCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | -8.12% | 10.74% | -1.66% | 4.60% | -17.12% | -2.77% |
PSCH Invesco S&P SmallCap Health Care ETF | -6.60% | -0.49% | 3.77% | -2.71% | -25.15% | -5.53% |
Returns By Period
In the year-to-date period, GDOC achieves a -8.12% return, which is significantly lower than PSCH's -6.60% return.
GDOC
- 1D
- 2.76%
- 1M
- -5.94%
- YTD
- -8.12%
- 6M
- 2.88%
- 1Y
- 1.53%
- 3Y*
- 0.66%
- 5Y*
- —
- 10Y*
- —
PSCH
- 1D
- 5.03%
- 1M
- -5.05%
- YTD
- -6.60%
- 6M
- -1.10%
- 1Y
- -4.92%
- 3Y*
- -1.84%
- 5Y*
- -7.37%
- 10Y*
- 6.52%
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GDOC vs. PSCH - Expense Ratio Comparison
GDOC has a 0.75% expense ratio, which is higher than PSCH's 0.29% expense ratio.
Return for Risk
GDOC vs. PSCH — Risk / Return Rank
GDOC
PSCH
GDOC vs. PSCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Health Care Equity ETF (GDOC) and Invesco S&P SmallCap Health Care ETF (PSCH). 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 | PSCH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.08 | -0.21 | +0.29 |
Sortino ratioReturn per unit of downside risk | 0.25 | -0.14 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.98 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.10 | +0.21 |
Martin ratioReturn relative to average drawdown | 0.31 | -0.23 | +0.54 |
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 | PSCH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | -0.21 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.32 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 0.49 | -0.69 |
Correlation
The correlation between GDOC and PSCH is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GDOC vs. PSCH - Dividend Comparison
GDOC's dividend yield for the trailing twelve months is around 0.35%, more than PSCH's 0.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PSCH Invesco S&P SmallCap Health Care ETF | 0.01% | 0.04% | 0.27% | 0.01% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
Drawdowns
GDOC vs. PSCH - Drawdown Comparison
The maximum GDOC drawdown since its inception was -31.01%, smaller than the maximum PSCH drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for GDOC and PSCH.
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Drawdown Indicators
| GDOC | PSCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.01% | -46.32% | +15.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -15.36% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.32% | — |
Current DrawdownCurrent decline from peak | -15.86% | -36.32% | +20.46% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -13.26% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 6.77% | -1.81% |
Volatility
GDOC vs. PSCH - Volatility Comparison
The current volatility for Goldman Sachs Future Health Care Equity ETF (GDOC) is 6.04%, while Invesco S&P SmallCap Health Care ETF (PSCH) has a volatility of 8.64%. This indicates that GDOC experiences smaller price fluctuations and is considered to be less risky than PSCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDOC | PSCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 8.64% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 14.92% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.63% | 23.58% | -4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 22.91% | -4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 23.65% | -4.82% |