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Data as of Nov 4, 2026.

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Thematic ETFs

GDOC vs TMAT: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GDOC returned +15.5% to TMAT's −3.1%; 2% of their weight is in the same names.

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Net assets: $20m on Nov 3, 2026 for Goldman Sachs Future Health Care Equity ETF, and $237m on Jul 31, 2026 for Main Thematic Innovation ETF.

GDOC on its own →TMAT on its own →
At a glance
62.5%
GDOC in the S&P 500
50.3%
TMAT in the S&P 500
+15.5%
GDOC total return, 1 year
−3.1%
TMAT total return, 1 year
GDOC · 1 year to Nov 4, 2026 38% of its weight is outside the S&P 500
38% of its weight is outside the S&P 50063% of GDOC's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Aug 31, 2026.63%38%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 95% · top ten 57% of the fund · 39 holdings as filed for Aug 31, 2026 · Nasdaq-100: 11% in38% of its weight is outside the S&P 50063% of GDOC's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Aug 31, 2026.63%38%in the S&P 500outsideactive share 95% · Nasdaq-100: 11% in

63% of GDOC's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Aug 31, 2026.

TMAT · 1 year to Nov 4, 2026 50% of its weight is outside the S&P 500
50% of its weight is outside the S&P 50050% of TMAT's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jul 31, 2026.50%50%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 92% · top ten 27% of the fund · 87 holdings as filed for Jul 31, 2026 · Nasdaq-100: 29% in50% of its weight is outside the S&P 50050% of TMAT's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jul 31, 2026.50%50%in the S&P 500outside the S&P 500active share 92% · Nasdaq-100: 29% in

50% of TMAT's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

GDOC costs 0.04 points a year less; their one-year returns differ by 18.6 points.

Points (pts) are percentage points.

GDOC vs TMAT: Holdings Overlap & Returns
MeasureGDOCTMAT
Return
Total return, 1 year+15.5%−3.1%
Drawdown
Below its all-time high15.9%, high on Jun 30, 2026
Against its benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Its benchmark, total return, 1 year+15.0%
Against its benchmark, 1 yearbehind by 18.1 pts
Cost and size
Expense ratio0.75%0.79%
Net assets, GDOC as of Nov 3, 2026 and TMAT as of Jul 31, 2026$20m$237m
Holdings
Holdings in common2%
ETFIQ S&P 500 Difference Score · GDOC scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score70.6GDOC61.4TMAT

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

What they share

2%

By the books each fund has filed, GDOC and TMAT hold 2% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first GDOC TMAT
DEXCOM INC 3.87% 0.66%
AGILENT TECHNOLOGIES INC 3.51% 0.55%
METTLER-TOLEDO INTERNATIONAL INC 1.71% 0.51%
INTUITIVE SURGICAL INC 2.94% 0.25%
Only in one fund ↓
Only in GDOC
ELI LILLY & COMPANY 12.20%
JOHNSON & JOHNSON 8.31%
MERCK & COMPANY INC 7.43%
UNITEDHEALTH GROUP INC 5.79%
VERTEX PHARMACEUTICALS INC 4.20%
ARGENX SE 4.14%
GUARDANT HEALTH INC 4.02%
THERMO FISHER SCIENTIFIC INC 3.51%
Only in TMAT
PALO ALTO NETWORKS INC 4.46%
MICRON TECHNOLOGY INC 4.23%
CROWDSTRIKE HOLDINGS INC 2.77%
FORTINET INC 2.63%
CLEAR SECURE INC 2.43%
VICOR CORP 2.18%
HINGE HEALTH INC 2.09%
LUMENTUM HOLDINGS INC 2.06%
Check overlap with more funds →

Window by window

Window by window: GDOC vs TMAT: Holdings Overlap & Returns
Total returnvs its benchmark
WindowGDOCTMATGDOCTMAT
3 months+9.2%−9.4%not measured−8.1 pts vs ACWI
6 months+23.1%−4.9%not measured−7.5 pts vs ACWI
1 year+15.5%−3.1%not measured−18.1 pts vs ACWI
3 years+37.3%+92.3%not measured+14.7 pts vs ACWI
Since launchNot the same days: GDOC Nov 2021 · TMAT Jan 2021+2.6%+7.5%not measured−85.1 pts vs ACWI

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Side by side

GDOC Goldman Sachs Future Health Care Equity ETF · Holds 39 stocks in broad innovation and megatrends, 62% of its weight in S&P 500 companies TMAT Main Thematic Innovation ETF · Holds 87 stocks in broad innovation and megatrends, 50% of its weight in S&P 500 companies
Issuer Goldman Sachs Main
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 62.5% 50.3%
Active share vs the S&P 500 95.4% 91.6%
In the Nasdaq-100 11.0% 29.4%
Holdings 39 87
Top ten, share of the fund 57.0% 26.9%
Expense ratio 0.75% 0.79%
Fee for the differing part 0.79% 0.86%
Total return, 1 year +15.5% −3.1%
vs its benchmark not measured −18.1 pts vs ACWI
Below its high 0.0% −15.9%
Net assets, GDOC as of Nov 3, 2026 and TMAT as of Jul 31, 2026 $20m $237m

As of Nov 4, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

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About each fund
GDOC

By weight, 62% 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 57% of the fund across 39 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +15.5% with distributions reinvested.

TMAT

By weight, 50% of TMAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 27% of the fund across 87 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned −3.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index Net, so a holder was behind by 18.1 pts. It sits 15.9% below its all-time high of Jun 30, 2026.

Questions people ask

Do GDOC and TMAT hold the same stocks?
By their latest filings, 2% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, GDOC or TMAT?
GDOC has 62% of its weight in S&P 500 names and TMAT has 50%, so GDOC differs more from the index.
Which is cheaper, GDOC or TMAT?
GDOC charges 0.75% a year and TMAT charges 0.79%, so GDOC is cheaper. Fees come from each fund's prospectus.
Other comparisons
GDOC vs GTEKGDOC vs FDTXGDOC vs ILDRGDOC vs FITETMAT vs TNXTTMAT vs CARZTMAT vs INVNTMAT vs BULD
Where to next
GDOC on its own →TMAT on its own →GDOC dividend history →GDOC holdings →TMAT dividend history →TMAT holdings →Method →Standards and sources →
Sources and dates
GDOC filings on SEC EDGAR ↗
GDOC prospectus with the expense ratio (SEC) ↗
Goldman Sachs website ↗
TMAT filings on SEC EDGAR ↗
TMAT prospectus with the expense ratio (SEC) ↗
Main website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, GDOC against TMAT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdoc-vs-tmat

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.