EDOC.L vs. HEAW.L
Compare and contrast key facts about Global X Telemedicine & Digital Health UCITS ETF Acc USD (EDOC.L) and SPDR MSCI World Health Care UCITS ETF (HEAW.L).
EDOC.L and HEAW.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EDOC.L is a passively managed fund by Global X that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Dec 18, 2020. HEAW.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Apr 29, 2016. Both EDOC.L and HEAW.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EDOC.L vs. HEAW.L - Performance Comparison
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EDOC.L vs. HEAW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EDOC.L Global X Telemedicine & Digital Health UCITS ETF Acc USD | -12.32% | 9.53% | -3.40% | -12.13% | -21.37% |
HEAW.L SPDR MSCI World Health Care UCITS ETF | -3.77% | 15.56% | 0.81% | 3.12% | -2.46% |
Different Trading Currencies
EDOC.L is traded in USD, while HEAW.L is traded in GBP. To make them comparable, the HEAW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EDOC.L achieves a -12.32% return, which is significantly lower than HEAW.L's -3.77% return.
EDOC.L
- 1D
- 3.12%
- 1M
- -6.08%
- YTD
- -12.32%
- 6M
- -18.14%
- 1Y
- 1.07%
- 3Y*
- -6.64%
- 5Y*
- -13.41%
- 10Y*
- —
HEAW.L
- 1D
- 1.82%
- 1M
- -5.91%
- YTD
- -3.77%
- 6M
- 4.11%
- 1Y
- 5.97%
- 3Y*
- 5.89%
- 5Y*
- —
- 10Y*
- —
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EDOC.L vs. HEAW.L - Expense Ratio Comparison
EDOC.L has a 0.68% expense ratio, which is higher than HEAW.L's 0.30% expense ratio.
Return for Risk
EDOC.L vs. HEAW.L — Risk / Return Rank
EDOC.L
HEAW.L
EDOC.L vs. HEAW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health UCITS ETF Acc USD (EDOC.L) and SPDR MSCI World Health Care UCITS ETF (HEAW.L). 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.
| EDOC.L | HEAW.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 0.36 | -0.31 |
Sortino ratioReturn per unit of downside risk | 0.23 | 0.59 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.08 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.04 | 0.66 | -0.63 |
Martin ratioReturn relative to average drawdown | 0.10 | 1.77 | -1.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDOC.L | HEAW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 0.36 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | 0.22 | -0.71 |
Correlation
The correlation between EDOC.L and HEAW.L is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EDOC.L vs. HEAW.L - Dividend Comparison
Neither EDOC.L nor HEAW.L has paid dividends to shareholders.
Drawdowns
EDOC.L vs. HEAW.L - Drawdown Comparison
The maximum EDOC.L drawdown since its inception was -64.69%, which is greater than HEAW.L's maximum drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for EDOC.L and HEAW.L.
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Drawdown Indicators
| EDOC.L | HEAW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.69% | -18.85% | -45.84% |
Max Drawdown (1Y)Largest decline over 1 year | -23.06% | -10.30% | -12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -60.23% | — | — |
Current DrawdownCurrent decline from peak | -58.22% | -5.95% | -52.27% |
Average DrawdownAverage peak-to-trough decline | -44.78% | -5.49% | -39.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 4.77% | +3.28% |
Volatility
EDOC.L vs. HEAW.L - Volatility Comparison
Global X Telemedicine & Digital Health UCITS ETF Acc USD (EDOC.L) has a higher volatility of 6.86% compared to SPDR MSCI World Health Care UCITS ETF (HEAW.L) at 4.82%. This indicates that EDOC.L's price experiences larger fluctuations and is considered to be riskier than HEAW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC.L | HEAW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 4.82% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 9.31% | +5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.85% | 16.59% | +6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.51% | 14.11% | +13.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 14.11% | +13.53% |