Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

ANEW vs GDOC: which is really different?

ANEW and GDOC hold 9% of their weight in the same names, and GDOC returned more over the year.

ProShares MSCI Transformational Changes ETF and Goldman Sachs Future Health Care Equity ETF.

51.0%ANEW in the S&P 500
56.7%GDOC in the S&P 500
+3.9%ANEW total return, 1 year
+13.9%GDOC total return, 1 year

ETFIQ Off-Index Score: GDOC scores higher

How much of it is not the index it is sold as an alternative to?

ANEW 8.3GDOC 33.10.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

ANEW49% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
51%49%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 76% · top ten 22% of the fund · 146 holdings filed Sep 18, 2026 · Nasdaq-100: 25% in51%49%in the S&P 500outside the S&P 500active share 76% · top ten 22% of the fund
GDOC43% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
57%43%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 95% · top ten 58% of the fund · 41 holdings filed May 31, 2026 · Nasdaq-100: 9% in57%43%in the S&P 500outsideactive share 95% · top ten 58% of the fund

9% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, ANEW and GDOC hold 9% of their money in the same securities at the same weight.

Positions ANEW and GDOC both hold, largest shared weight first
HoldingANEWGDOC
ELI LILLY & CO2.12%13.48%
EDWARDS LIFESCIENCES CORP1.87%3.03%
INTUITIVE SURGICAL INC1.68%3.96%
BOSTON SCIENTIFIC CORP1.44%3.84%
GUARDANT HEALTH INC0.78%5.42%
QUEST DIAGNOSTICS INC0.99%0.73%
MADRIGAL PHARMACEUTICALS INC0.24%1.08%
Only in each
Only in ANEWOnly in GDOC
DANAHER CORP 2.39%JOHNSON & JOHNSON 8.19%
DOORDASH INC - A 2.35%MERCK & COMPANY INC 6.04%
ABBVIE INC 2.33%ASTRAZENECA PLC 4.92%
DEERE & CO 2.31%THERMO FISHER SCIENTIFIC INC 4.59%
MICROSOFT CORP 2.23%ARGENX SE 4.13%
ABBOTT LABORATORIES 2.18%HOYA CORP 3.58%
SYMRISE AG 2.18%LONZA GROUP AG 2.84%
INTL FLAVORS & FRAGRANCES 2.17%DEXCOM INC 2.84%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 18, 2026.

Performance, window by window

ANEW and GDOC over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
ANEWGDOCANEWGDOCANEWGDOC
3 months+6.5%+11.7%+4.2 pts+9.5 pts+8.9 pts+14.2 pts
6 months+19.1%+16.6%+1.1 pts−1.4 pts−5.1 pts−7.6 pts
1 year+3.9%+13.9%−12.7 pts−2.6 pts−17.9 pts−7.8 pts
3 years+56.3%+19.5%−22.1 pts−58.9 pts−41.9 pts−78.7 pts
Since launch+40.4%−4.3%−97.4 pts−79.9 pts−118.3 pts−94.4 pts
Open the live comparison on ETFIQ
ANEW and GDOC on the same fields, as of Sep 18, 2026. Source: ETFIQ.
ANEW
ProShares MSCI Transformational Changes ETF
Holds 146 stocks in broad innovation and megatrends, 51% of its weight in S&P 500 companies
GDOC
Goldman Sachs Future Health Care Equity ETF
Holds 41 stocks in broad innovation and megatrends, 57% of its weight in S&P 500 companies
IssuerProSharesGoldman Sachs
ThemeBroad innovation and megatrendsBroad innovation and megatrends
In the S&P 50051.0%56.7%
Active share vs the S&P 50076.2%95.3%
In the Nasdaq-10025.2%9.4%
Holdings14641
Top ten, share of the fund22.4%58.2%
Expense ratio0.45%0.75%
Fee for the differing part0.59%0.79%
Total return, 1 year+3.9%+13.9%
vs the S&P 500−12.7 pts−2.6 pts
vs the Nasdaq-100−17.9 pts−7.8 pts
Below its high−2.0%−4.5%
Net assets$8m$20m

ANEW in plain words

By weight, 51% of ANEW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 76%. The top ten holdings are 22% of the fund across 146 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +3.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 12.7 pts.

GDOC in plain words

By weight, 57% of GDOC's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 58% of the fund across 41 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned +13.9% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 2.6 pts.

Questions people ask

Do ANEW and GDOC hold the same stocks?
By their latest filings, 9% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ANEW or GDOC?
ANEW has 51% of its weight in S&P 500 names and GDOC has 57%, so GDOC differs more from the index.
Which is cheaper, ANEW or GDOC?
ANEW charges 0.45% a year and GDOC charges 0.75%, so ANEW is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

ANEW against GDOC, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, ANEW against GDOC, data as of Sep 18, 2026. https://etfiq.com/compare/themes/anew-vs-gdoc Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources