GDOC vs SPY
Goldman Sachs Future Health Care Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GDOC or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 57.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GDOC | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $20M | $804.7B |
| Dividend Yield | 0.30% | 0.98% |
| Holdings | 45 | 505 |
| YTD Return | +5.06% | +13.82%Best |
| 1Y Return | +15.05% | +16.96%Best |
| 3Y Return (annualized) | +7.47% | +22.97%Best |
| 5Y Return (annualized) | - | +13.73% |
| Volatility (annualized) | 17.6% | 15.7%Best |
| Max Drawdown | -31.0% | -24.5%Best |
| $10,000 over 4.9 years | $9,643 | $17,871Best |
| Top 10 Weight | 57.3% | 37.8%Best |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Nov 9, 2021 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.9 years row, are measured over the window both funds cover: Nov 11, 2021 to Sep 21, 2026 (4.9 years).
GDOC vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.9 years both funds cover.
GDOC vs SPY Performance
Goldman Sachs Future Health Care Equity ETF (GDOC) is an ETF from Goldman Sachs Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GDOC returned +15.05% while SPY returned +16.96%. Year to date, GDOC is up 5.06% versus a gain of 13.82% for SPY.
Over three years, GDOC compounded at +7.47% per year against +22.97% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDOC has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 15.7% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.0% for GDOC and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GDOC charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, GDOC currently yields 0.30% against 0.98% for SPY.
Holdings Overlap
62.6% of GDOC's money is in holdings SPY also owns. 4.7% of SPY's money is in holdings GDOC also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 40 positions we hold weights for in GDOC and 504 in SPY, against full books of 45 and 505.
What only one of them owns
Our book lists 483 positions for SPY that do not appear in our book for GDOC (94.6% of the fund), and 14 for GDOC that do not appear in SPY (17.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GDOC | Weight in SPY | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 12.22% | 1.40% | 10.82% |
| JNJJohnson & Johnson - Common | 8.47% | 0.99% | 7.48% |
| MRKMerck & Company Inc | 7.53% | 0.56% | 6.97% |
| UNHUnitedhealth Group Incorporated | 5.88% | 0.55% | 5.33% |
| VRTXNvaesrtex Pharmaceuticals Inc | 4.22% | 0.21% | 4.01% |
| DXCMDexcom Inc. | 3.82% | 0.05% | 3.77% |
| TMOThermo Fisherscientific Inc. | 3.41% | 0.34% | 3.07% |
| EWEdwards Lifesciences Corp | 3.47% | 0.08% | 3.39% |
| AAgilent Technologies Inc | 3.43% | 0.06% | 3.37% |
| ISRGIntuitive Surgical Inc. | 2.87% | 0.20% | 2.67% |
62.6% of GDOC is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GDOC or SPY?
GDOC has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, GDOC or SPY?
Over the past year GDOC returned +15.05% vs +16.96% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GDOC or SPY?
GDOC has been the more volatile fund at 17.6% annualized versus 15.7% for SPY. Worst drawdown: GDOC -31.0% vs SPY -24.5%.
Should I hold both GDOC and SPY?
GDOC and SPY have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GDOC and SPY?
62.6% of GDOC's money is in holdings SPY also owns. 4.7% of SPY's is in holdings GDOC also owns. They hold 14 positions in common, counted across the 40 positions we hold weights for in GDOC and 504 in SPY.
Which pays a higher dividend, GDOC or SPY?
GDOC yields 0.30% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than GDOC?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 57.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.