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Data as of Nov 4, 2026.

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Thematic ETFs

GDOC vs TNXT: Holdings Overlap & Returns

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GDOC and TNXT hold 9% of their weight in the same names.

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Net assets on Nov 3, 2026: $20m for Goldman Sachs Future Health Care Equity ETF and $19m for T. Rowe Price Innovation Leaders ETF.

GDOC on its own →TNXT on its own →
At a glance
62.5%
GDOC in the S&P 500
64.2%
TNXT in the S&P 500
+15.5%
GDOC total return, 1 year
+13.4%
TNXT total return, since launch, Jan 29, 2026
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.

TNXT · 6 months to Nov 4, 2026 36% of its weight is outside the S&P 500
36% of its weight is outside the S&P 50064% of TNXT's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Jun 30, 2026.64%36%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 52% · top ten 32% of the fund · 272 holdings as filed for Jun 30, 2026 · Nasdaq-100: 47% in36% of its weight is outside the S&P 50064% of TNXT's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Jun 30, 2026.64%36%in the S&P 500outsideactive share 52% · Nasdaq-100: 47% in

64% of TNXT's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

TNXT costs 0.26 points a year less; GDOC is 1.1 times larger.

GDOC vs TNXT: Holdings Overlap & Returns
MeasureGDOCTNXT
Return
Total return, 1 year+15.5%not published
Benchmark
What it tracksBroad innovation and megatrendsBroad innovation and megatrends
Cost and size
Expense ratio0.75%0.49%
Net assets, as of Nov 3, 2026$20m$19m
Holdings
Holdings in common9%
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 Score70.6GDOC2.2TNXT

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

9%

By the books each fund has filed, GDOC and TNXT hold 9% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

9% in common

Positions both hold · largest shared weight first GDOC TNXT
ELI LILLY & COMPANY 12.20% 1.99%
UNITEDHEALTH GROUP INC 5.79% 0.97%
GUARDANT HEALTH INC 4.02% 0.70%
NATERA INC 1.57% 0.67%
VERTEX PHARMACEUTICALS INC 4.20% 0.67%
ARGENX SE 4.14% 0.46%
ROYALTY PHARMA PLC 1.75% 0.45%
THERMO FISHER SCIENTIFIC INC 3.51% 0.39%
ROIVANT SCIENCES LTD 2.48% 0.34%
SPYRE THERAPEUTICS INC 0.77% 0.33%
ASTRAZENECA PLC 2.02% 0.29%
INTUITIVE SURGICAL INC 2.94% 0.27%
Only in one fund ↓
Only in GDOC
JOHNSON & JOHNSON 8.31%
DEXCOM INC 3.87%
AGILENT TECHNOLOGIES INC 3.51%
EDWARDS LIFESCIENCES CORP 3.48%
LONZA GROUP AG 2.81%
HOYA CORP 2.04%
METTLER-TOLEDO INTERNATIONAL INC 1.71%
REPLIGEN CORP 1.65%
Only in TNXT
NVIDIA CORP 7.22%
APPLE INC 4.60%
AMAZON.COM INC 3.02%
BROADCOM INC 2.75%
MICROSOFT CORP 2.67%
ALPHABET INC CL A 2.57%
ADVANCED MICRO DEVICES 2.53%
ALPHABET INC CL C 2.28%
Check overlap with more funds →

Window by window

Window by window: GDOC vs TNXT: Holdings Overlap & Returns
Total return
WindowGDOCTNXT
3 months+9.2%−0.2%
6 months+23.1%+6.6%
1 year+15.5%–
3 years+37.3%–
Since launchNot the same days: GDOC Nov 2021 · TNXT Jan 2026+2.6%+13.4%

– means no data for this window. Open this comparison in the app →

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 TNXT T. Rowe Price Innovation Leaders ETF · Holds 272 stocks in broad innovation and megatrends, 64% of its weight in S&P 500 companies
Issuer Goldman Sachs T. Rowe Price
Theme Broad innovation and megatrends Broad innovation and megatrends
In the S&P 500 62.5% 64.2%
Active share vs the S&P 500 95.4% 51.6%
In the Nasdaq-100 11.0% 47.1%
Holdings 39 272
Top ten, share of the fund 57.0% 31.8%
Expense ratio 0.75% 0.49%
Fee for the differing part 0.79% 0.95%
Total return, 1 year +15.5% +13.4% (since launch, Jan 29, 2026)
vs its benchmark not measured not measured
Below its high 0.0% −3.8%
Net assets, as of Nov 3, 2026 $20m $19m

As of Nov 4, 2026. Source: ETFIQ.

9% 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.

TNXT

By weight, 64% of TNXT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 52%. The top ten holdings are 32% of the fund across 272 positions, as filed for Jun 30, 2026. Since it first traded on Jan 29, 2026 the fund returned +13.4% with distributions reinvested.

Questions people ask

Do GDOC and TNXT hold the same stocks?
By their latest filings, 9% 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 TNXT?
GDOC has 62% of its weight in S&P 500 names and TNXT has 64%, so GDOC differs more from the index.
Which is cheaper, GDOC or TNXT?
GDOC charges 0.75% a year and TNXT charges 0.49%, so TNXT is cheaper. Fees come from each fund's prospectus.
Other comparisons
GDOC vs DTREGDOC vs INVNGDOC vs BULDGDOC vs CARZTNXT vs BULDTNXT vs ABOTTNXT vs XDATTNXT vs ARKK
Where to next
GDOC on its own →TNXT on its own →GDOC dividend history →GDOC holdings →TNXT holdings →Method →Standards and sources →
Sources and dates
GDOC filings on SEC EDGAR ↗
GDOC prospectus with the expense ratio (SEC) ↗
Goldman Sachs website ↗
TNXT filings on SEC EDGAR ↗
TNXT prospectus with the expense ratio (SEC) ↗
T. Rowe Price 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 TNXT, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdoc-vs-tnxt

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