EDOC vs. BNO
EDOC (Global X Telemedicine & Digital Health ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - EDOC is a Health & Biotech Equities fund tracking the Solactive Telemedicine & Digital Health Index- TR Net, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. Both are passively managed. Over the past 5 years, EDOC returned -14.71%/yr vs 24.16%/yr for BNO. At a 0.04 correlation, their price movements are largely independent. EDOC charges 0.68%/yr vs 0.90%/yr for BNO.
Performance
EDOC vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, EDOC achieves a -15.57% return, which is significantly lower than BNO's 90.47% return.
EDOC
- 1D
- -1.16%
- 1M
- -2.59%
- YTD
- -15.57%
- 6M
- -20.78%
- 1Y
- -22.08%
- 3Y*
- -10.46%
- 5Y*
- -14.71%
- 10Y*
- —
BNO
- 1D
- 1.99%
- 1M
- -10.29%
- YTD
- 90.47%
- 6M
- 86.00%
- 1Y
- 91.89%
- 3Y*
- 27.93%
- 5Y*
- 24.16%
- 10Y*
- 13.60%
EDOC vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | -15.57% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 23.87% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | 14.29% |
Correlation
The correlation between EDOC and BNO is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.04 |
The correlation between EDOC and BNO shifts across timeframes, from -0.26 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EDOC vs. BNO — Risk / Return Rank
EDOC
BNO
EDOC vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and United States Brent Oil Fund LP (BNO). 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 | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.13 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.38 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 5.17 | -5.89 |
| Martin ratioReturn relative to average drawdown | -1.46 | 9.76 | -11.22 |
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 | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 2.23 | -3.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.56 | 0.69 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.14 | -0.54 |
Drawdowns
EDOC vs. BNO - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for EDOC and BNO.
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Drawdown Indicators
| EDOC | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -87.06% | +21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -17.87% | -12.84% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -23.75% | -12.03% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -33.70% | -26.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -63.55% | -10.29% | -53.26% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -40.17% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.13% | 9.45% | +5.68% |
Volatility
EDOC vs. BNO - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 5.21%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that EDOC experiences smaller price fluctuations and is considered to be less risky than BNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 14.22% | -9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 36.10% | -20.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 41.46% | -19.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.37% | 35.38% | -9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.18% | 36.68% | -10.50% |
EDOC vs. BNO - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
EDOC vs. BNO - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.39%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EDOC Global X Telemedicine & Digital Health ETF | 0.39% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
Frequently Asked Questions
EDOC and BNO have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.22%) compared to EDOC (5.21%). In terms of maximum drawdown, EDOC dropped -65.76% vs BNO's -87.06%.
On 5-year performance, BNO leads with 24.16% vs -14.71% for EDOC. On fees, EDOC is cheaper at 0.68% per year. On volatility, EDOC has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BNO has performed better with a 24.16% return vs -14.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDOC is cheaper with a 0.68% expense ratio, compared with 0.90% for BNO.
EDOC has the higher dividend yield at 0.39%, compared with 0.00% for BNO.
EDOC is categorized as Health & Biotech Equities, while BNO is Oil & Gas. EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while BNO tracks Front Month Brent Crude Oil. They also come from different issuers: Global X and Concierge Technologies. Their fees differ too: 0.68% for EDOC and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.23 vs -1.01), 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.
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