EBIZ vs. EDOC

Last updated Jun 3, 2026

EBIZ (Global X E-commerce ETF) and EDOC (Global X Telemedicine & Digital Health ETF) are both exchange-traded funds - EBIZ is a Consumer Discretionary Equities fund tracking the Solactive E-commerce Index, while EDOC is a Health & Biotech Equities fund tracking the Solactive Telemedicine & Digital Health Index- TR Net. Both are passively managed. Over the past 5 years, EBIZ returned -3.19%/yr vs -14.38%/yr for EDOC. A 0.74 correlation means they provide meaningful diversification when combined. EBIZ charges 0.50%/yr vs 0.68%/yr for EDOC.

Performance

EBIZ vs. EDOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X E-commerce ETF (EBIZ) and Global X Telemedicine & Digital Health ETF (EDOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBIZ achieves a -13.52% return, which is significantly higher than EDOC's -14.58% return.

EBIZ

• 1D: -0.60%
• 1M: -1.07%
• YTD: -13.52%
• 6M: -13.97%
• 1Y: -6.24%
• 3Y*: 17.97%
• 5Y*: -3.19%
• 10Y*: —

EDOC

• 1D: -2.31%
• 1M: -1.49%
• YTD: -14.58%
• 6M: -19.25%
• 1Y: -20.75%
• 3Y*: -10.11%
• 5Y*: -14.38%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EBIZ vs. EDOC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EBIZ Global X E-commerce ETF	-13.52%	17.74%	31.26%	30.88%	-40.96%	-13.26%	22.77%
EDOC Global X Telemedicine & Digital Health ETF	-14.58%	-0.62%	-2.87%	-12.61%	-29.99%	-14.21%	23.87%

Correlation

The correlation between EBIZ and EDOC is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020	0.74

The correlation between EBIZ and EDOC shifts across timeframes, from 0.59 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EBIZ vs. EDOC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EBIZ

EBIZ Risk / Return Rank: 6
EBIZ Sharpe Ratio Rank: 6
EBIZ Sortino Ratio Rank: 5
EBIZ Omega Ratio Rank: 5
EBIZ Calmar Ratio Rank: 7
EBIZ Martin Ratio Rank: 7

EDOC

EDOC Risk / Return Rank: 2
EDOC Sharpe Ratio Rank: 1
EDOC Sortino Ratio Rank: 2
EDOC Omega Ratio Rank: 2
EDOC Calmar Ratio Rank: 3
EDOC Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EBIZ vs. EDOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X E-commerce ETF (EBIZ) and Global X Telemedicine & Digital Health ETF (EDOC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EBIZ	EDOC	Difference
Sharpe ratio Return per unit of total volatility	-0.32	-0.95	+0.63
Sortino ratio Return per unit of downside risk	-0.31	-1.30	+0.99
Omega ratio Gain probability vs. loss probability	0.96	0.86	+0.11
Calmar ratio Return relative to maximum drawdown	-0.19	-0.66	+0.47
Martin ratio Return relative to average drawdown	-0.39	-1.34	+0.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBIZ vs. EDOC - Sharpe Ratio Comparison

The current EBIZ Sharpe Ratio is -0.32, which is higher than the EDOC Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of EBIZ and EDOC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBIZ	EDOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	-0.95	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	-0.55	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	-0.39	+0.69

Drawdowns

EBIZ vs. EDOC - Drawdown Comparison

The maximum EBIZ drawdown since its inception was -61.58%, smaller than the maximum EDOC drawdown of -65.76%. Use the drawdown chart below to compare losses from any high point for EBIZ and EDOC.

Drawdown Indicators

	EBIZ	EDOC	Difference
Max Drawdown Largest peak-to-trough decline	-61.58%	-65.76%	+4.18%
Max Drawdown (1Y) Largest decline over 1 year	-27.73%	-30.71%	+2.98%
Max Drawdown (3Y) Largest decline over 3 years	-27.73%	-35.78%	+8.05%
Max Drawdown (5Y) Largest decline over 5 years	-58.21%	-60.36%	+2.15%
Current Drawdown Current decline from peak	-24.21%	-63.12%	+38.91%
Average Drawdown Average peak-to-trough decline	-24.33%	-43.01%	+18.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.33%	15.04%	-1.71%

Volatility

EBIZ vs. EDOC - Volatility Comparison

Global X E-commerce ETF (EBIZ) and Global X Telemedicine & Digital Health ETF (EDOC) have volatilities of 5.00% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBIZ	EDOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.09%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	14.88%	15.71%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	21.87%	-2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.90%	26.36%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.68%	26.19%	+2.49%

EBIZ vs. EDOC - Expense Ratio Comparison

EBIZ has a 0.50% expense ratio, which is lower than EDOC's 0.68% expense ratio.

Dividends

EBIZ vs. EDOC - Dividend Comparison

EBIZ's dividend yield for the trailing twelve months is around 0.59%, more than EDOC's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EBIZ Global X E-commerce ETF	0.59%	0.51%	0.23%	0.00%	0.10%	0.57%	0.84%	0.18%
EDOC Global X Telemedicine & Digital Health ETF	0.39%	0.33%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%

Frequently Asked Questions

Can I hold both EBIZ and EDOC in my portfolio?

EBIZ and EDOC have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBIZ or EDOC?

EDOC has higher volatility (5.09%) compared to EBIZ (5.00%). In terms of maximum drawdown, EBIZ dropped -61.58% vs EDOC's -65.76%.

Which ETF is better, EBIZ or EDOC?

On 5-year performance, EBIZ leads with -3.19% vs -14.38% for EDOC. On fees, EBIZ is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIZ or EDOC?

Over the 5-year period, EBIZ has performed better with a -3.19% return vs -14.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIZ or EDOC?

EBIZ is cheaper with a 0.50% expense ratio, compared with 0.68% for EDOC.

Which ETF pays a higher dividend yield, EBIZ or EDOC?

EBIZ has the higher dividend yield at 0.59%, compared with 0.39% for EDOC.

What is the main difference between EBIZ and EDOC?

EBIZ is categorized as Consumer Discretionary Equities, while EDOC is Health & Biotech Equities. EBIZ tracks Solactive E-commerce Index, while EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net. Their fees differ too: 0.50% for EBIZ and 0.68% for EDOC.

Which has better risk-adjusted returns?

EBIZ currently has the higher Sharpe Ratio (-0.32 vs -0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.