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ETFs

Goldman Sachs Future Health Care Equity ETF

GDOC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 09 2021
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$54,479
AUM
$109,466,780
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

LLY
Lilly(Eli) & Co
6.09%
AZN
ASTRAZENECA PLC
5.26%
BSX
Boston Scientific Corp.
5.16%
ISRG
Intuitive Surgical Inc
5.12%
DXCM
Dexcom Inc
3.47%
GILD
Gilead Sciences, Inc.
3.38%
PODD
Insulet Corporation
3.31%
EW
Edwards Lifesciences Corp
3.27%
CSL
CSL Ltd.
3.20%
BIIB
Biogen Inc
3.01%
Invest with GDOC

What is GDOC?

The Fund generally intends to invest in companies that the Investment 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 Key Themes ).

ETFs related toGDOC

ETFs correlated to GDOC include RYH, FXH, IHI

GDOC
Goldman Sachs ETF Trust - Goldman Sachs Future Health Care Equity ETF
RYH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
IHI
BlackRock Institutional Trust Company N.A. - iShares U.S. Medical Devices ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGDOC

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with GDOC using Composer

FAQ

GDOC is a Global Equities ETF. The Fund generally intends to invest in companies that the Investment 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 Key Themes ).

Yes, GDOC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, GDOC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GDOC is -0.0035%. This is the percent change in the value of GDOC over the most recent 1-month period. The 3-month return on GDOC is 0.0487%. This is the percent change in the value of GDOC over the most recent 3-month period.

The standard deviation of GDOC for the past year is 0.2064%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GDOC include GDXJ, SMH, and KWEB.

ETFs correlated to GDOC include RYH, FXH, and IHI.

ETFs that are inversely correlated to GDOC include SPXS, SPDN, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.