ETF Evaluator:
Goldman Sachs Future Health Care Eq ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Health Over the Last Year
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ETF Details
Goldman Sachs Future Health Care Eq ETF Overview
Goldman Sachs Future Health Care Eq ETF (GDOC) is an actively managed Sector Equity Health exchange-traded fund (ETF). Goldman Sachs launched the ETF in 2021.
The investment seeks long-term growth of capital.
The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in equity investments in U.S. and non‑U.S. health care companies. The adviser generally intends to invest in companies that the adviser believes are aligned with key themes associated with innovation in health care, which include, but are not limited to, genomics, precision medicine, technology-enabled procedures, and digital healthcare. The fund is non-diversified.
About Goldman Sachs Future Health Care Eq ETF (GDOC)
There are 2 members of the management team with an average tenure of 4.73 years: Raj Garigipati (2021) and Jenny Chang (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI ACWI/Health Care NR USD index with a weighting of 100%. Goldman Sachs Future Health Care Eq ETF has 41 securities in its portfolio. The top 10 holdings constitute 56.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Goldman Sachs Future Health Care Eq ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Goldman Sachs Future Health Care Eq ETF has 13.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.4% There is 13.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Goldman Sachs Future Health Care Eq ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $18 million in total assets, which is below the $1 billion average for the Health category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GDOC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Future Health Care Eq ETF expense ratio is above average compared to funds in the Health category. Goldman Sachs Future Health Care Eq ETF has an expense ratio of 0.75%, which is 45% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Future Health Care Eq ETF has a portfolio turnover rate of 46%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 45% for the Health category.
Recently, in the month of July 2026, Goldman Sachs Future Health Care Eq ETF returned -0.4%, which earned it a grade of C, as the Health category had an average return of -0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Goldman Sachs Future Health Care Eq ETF has a trailing yield of 0.32%, which is below the 1.10% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Goldman Sachs Future Health Care Eq ETF Grades
Year to date, the ETF has returned 0.6%, 9.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 16.5% over the past year (grade of F) and 2.9% over the past three years (grade of F).
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GDOC Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GDOC Return (NAV) | -0.4% | 11.4% | 16.5% | 2.9% | na | na |
| GDOC Return (Price) | 5.4% | 11.5% | 14.2% | 2.8% | na | na |
| NAV +/- Price Return | -5.878% | -0.017% | 2.301% | 0.079% | na | na |
| Health Avg | -0.1% | 11.2% | 36.9% | 9.9% | 1.6% | 8.7% |
| GDOC Grade (NAV) | C | C | F | F | na | na |
| +/- Category (NAV) | -0.4% | 0.2% | -20.4% | -7.1% | na | na |
| GDOC Tax-Cost Ratio | na | na | 0.1% | 0.1% | na | na |
GDOC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GDOC Return (NAV) | 0.6% | 10.7% | -1.6% | 4.9% | -16.9% | na | na | na | na | na | na |
| GDOC Return (Price) | 0.9% | 10.7% | -1.7% | 4.6% | -17.1% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.363% | 0.001% | 0.040% | -0.062% | 0.013% | na | na | na | na | na | na |
| Health Avg | 9.7% | 21.8% | 0.1% | 2.2% | -16.3% | 4.3% | 30.5% | 25.4% | -1.5% | 26.5% | -10.2% |
| GDOC Grade (NAV) | F | F | D | B | C | na | na | na | na | na | na |
| +/- Category | -9.1% | -11.0% | -1.7% | 2.7% | -0.6% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.74 |
| R-Squared: | 32% |
| Standard Deviation: | 16.3% |
| Category Risk Index: | 0.81 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.33 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.3% |
| Total Assets: | $ 19 Mil |
| Share Class Assets: | $ 19 Mil |
| Turnover: | 46.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.7 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): Garigipati Raj (2021), Chang Jenny (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 56.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 13.6% |
Portfolio Allocation |
|
| Domestic Stock: | 85.4% |
| Foreign Stock: | 13.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-621-2550 |
| Website: | am.gs.com |
| Inception Date: | November 9, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.52% |
