EDOC vs. DAX
EDOC (Global X Telemedicine & Digital Health ETF) and DAX (Global X DAX Germany ETF) are both exchange-traded funds - EDOC is a Health & Biotech Equities fund tracking the Solactive Telemedicine & Digital Health Index- TR Net, while DAX is a Europe Equities fund tracking the DAX Index. Both are passively managed. Over the past 5 years, EDOC returned -14.71%/yr vs 7.71%/yr for DAX. A 0.51 correlation means they provide meaningful diversification when combined. EDOC charges 0.68%/yr vs 0.20%/yr for DAX.
Performance
EDOC vs. DAX - 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 DAX's -0.66% return.
EDOC
- 1D
- -1.16%
- 1M
- -2.59%
- YTD
- -15.57%
- 6M
- -20.78%
- 1Y
- -22.08%
- 3Y*
- -10.46%
- 5Y*
- -14.71%
- 10Y*
- —
DAX
- 1D
- -1.53%
- 1M
- 2.29%
- YTD
- -0.66%
- 6M
- 2.93%
- 1Y
- 3.88%
- 3Y*
- 17.88%
- 5Y*
- 7.71%
- 10Y*
- 8.97%
EDOC vs. DAX - 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% |
DAX Global X DAX Germany ETF | -0.66% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.53% |
Correlation
The correlation between EDOC and DAX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.51 |
The correlation between EDOC and DAX has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.
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Return for Risk
EDOC vs. DAX — Risk / Return Rank
EDOC
DAX
EDOC vs. DAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and Global X DAX Germany ETF (DAX). 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 | DAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.05 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.26 | -0.98 |
| Martin ratioReturn relative to average drawdown | -1.46 | 0.83 | -2.29 |
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 | DAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 0.22 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.56 | 0.38 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.35 | -0.75 |
Drawdowns
EDOC vs. DAX - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for EDOC and DAX.
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Drawdown Indicators
| EDOC | DAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -45.58% | -20.18% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -14.82% | -15.89% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -16.03% | -19.75% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -39.96% | -20.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.58% | — |
Current DrawdownCurrent decline from peak | -63.55% | -4.63% | -58.92% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -10.51% | -32.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.13% | 4.68% | +10.45% |
Volatility
EDOC vs. DAX - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 5.21%, while Global X DAX Germany ETF (DAX) has a volatility of 6.09%. This indicates that EDOC experiences smaller price fluctuations and is considered to be less risky than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | DAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 6.09% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 14.37% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 17.66% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.37% | 20.38% | +5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.18% | 21.28% | +4.90% |
EDOC vs. DAX - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than DAX's 0.20% expense ratio.
Dividends
EDOC vs. DAX - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.39%, less than DAX's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 1.48% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
EDOC Global X Telemedicine & Digital Health ETF | 0.39% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDOC and DAX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAX has higher volatility (6.09%) compared to EDOC (5.21%). In terms of maximum drawdown, EDOC dropped -65.76% vs DAX's -45.58%.
On 5-year performance, DAX leads with 7.71% vs -14.71% for EDOC. On fees, DAX is cheaper at 0.20% 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, DAX has performed better with a 7.71% return vs -14.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DAX is cheaper with a 0.20% expense ratio, compared with 0.68% for EDOC.
DAX has the higher dividend yield at 1.48%, compared with 0.39% for EDOC.
EDOC is categorized as Health & Biotech Equities, while DAX is Europe Equities. EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while DAX tracks DAX Index. Their fees differ too: 0.68% for EDOC and 0.20% for DAX.
DAX currently has the higher Sharpe Ratio (0.22 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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