GDOC
Goldman Sachs Future Health Care Equity ETF
GDOC is actively managed to provide exposure to equities of companies that are driving innovation in healthcare globally.
Global
EQUITY
Active
MANAGEMENT STYLE
22.7 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 09, 2021 |
| Assets (mns) | $23 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ELI LILLY & CO | 10.4 % |
| ASTRAZENECA PLC | 6.2 % |
| BOSTON SCIENTIFIC CORP | 5.9 % |
| NOVO NORDISK A/S-B | 5.8 % |
| INTUITIVE SURGICAL INC | 5.0 % |
| ABBVIE INC | 4.7 % |
| AMGEN INC | 4.6 % |
| DANAHER CORP | 3.8 % |
| METTLER-TOLEDO INTERNATIONAL | 3.4 % |
| NEUROCRINE BIOSCIENCES INC | 3.4 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 420 |
| Wgt avg mkt cap (mns) | $199,147 |
| Large cap (>$10bn) | 89.9% |
| Mid cap ($2-10bn) | 8.8% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 73.5 % |
 |
BRITAIN | 6.8 % |
 |
DENMARK | 6.6 % |
 |
AUSTRALIA | 3.0 % |
 |
SWITZERLAND | 3.0 % |
 |
JAPAN | 2.9 % |
 |
NETHERLANDS | 1.7 % |
 |
FRANCE | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.4% | 15.4% | 10.9% | -- | -- | -- | -2.9% | Volatility | 12.3% | 13.3% | 17.4% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 68% |
| MSCI EAFE | 0.82 | 55% |
| MSCI Emg Mkts | 0.55 | 25% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $12,381 |
Technical Indicators
| Recent close | $34.92 |
| 30d moving avg. | $36.43 |
| Annualized volatility | 19.8% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GDOC |
Expenses vs. GDOC |
ALTAR Score™ vs. GDOC |
|---|---|---|---|---|
| IXJ | iShares Global Healthcare ETF | 38.7% | -33 bp | +2.7% |
| IYH | iShares U.S. Healthcare ETF | 36.3% | -35 bp | +2.7% |
| VHT | Vanguard Health Care ETF | 35.4% | -65 bp | +1.9% |
| XLV | Health Care Select Sector SPDR Fund | 35.2% | -66 bp | +3.5% |
| FHLC | Fidelity MSCI Health Care Index ETF | 34.7% | -67 bp | +2.2% |
| BHCHX | Baron Health Care Strategy | 32.2% | 0 bp | -4.2% |
| FMED | Fidelity Disruptive Medicine ETF | 31.4% | -25 bp | -3.8% |
| BMED | Future Health ETF | 29.4% | +10 bp | -3.7% |
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 26.5% | -35 bp | +4.3% |
| PINK | Simplify Health Care ETF | 24.8% | -25 bp | -0.3% |
Risk and Returns: GDOC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/23/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GDOC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
GDOC
3.5%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. GDOC's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places GDOC in the 44th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GDOCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| GDOC (75 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GDOC | 75.0 | 20.0 | 95 |
| Peer Avg. | 75.0 | 38.7 | 113.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .