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 -12.37%/yr vs 8.54%/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 -3.68% return, which is significantly lower than DAX's -1.23% return.
EDOC
- 1D
- -0.71%
- 1M
- 7.90%
- 6M
- -9.14%
- YTD
- -3.68%
- 1Y
- -10.11%
- 3Y*
- -7.95%
- 5Y*
- -12.37%
- 10Y*
- —
DAX
- 1D
- -0.34%
- 1M
- -0.82%
- 6M
- -3.24%
- YTD
- -1.23%
- 1Y
- 0.70%
- 3Y*
- 15.58%
- 5Y*
- 8.54%
- 10Y*
- 9.18%
EDOC vs. DAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | -3.68% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 16.89% |
DAX Global X DAX Germany ETF | -1.23% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 9.87% |
Correlation
The correlation between EDOC and DAX is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.51 |
The correlation between EDOC and DAX has been stable across timeframes, ranging from 0.50 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EDOC | DAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.02 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.05 | -0.38 |
| Martin ratioReturn relative to average drawdown | -0.62 | 0.14 | -0.76 |
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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 | -35.54% | -16.03% | -19.51% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | -38.92% | -20.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.58% | — |
Current DrawdownCurrent decline from peak | -58.42% | -5.18% | -53.24% |
Average DrawdownAverage peak-to-trough decline | -43.36% | -10.45% | -32.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.40% | 4.96% | +11.44% |
Volatility
EDOC vs. DAX - Volatility Comparison
Global X Telemedicine & Digital Health ETF (EDOC) has a higher volatility of 7.34% compared to Global X DAX Germany ETF (DAX) at 4.78%. This indicates that EDOC's price experiences larger fluctuations and is considered to be riskier 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 | 7.34% | 4.78% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 17.11% | 15.30% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 18.03% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.59% | 20.44% | +6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 20.91% | +5.36% |
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 0.26%, less than DAX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 2.13% | 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 | 0.26% | 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 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDOC has higher volatility (7.34%) compared to DAX (4.78%). In terms of maximum drawdown, EDOC dropped -65.76% vs DAX's -45.58%.
On 5-year performance, DAX leads with 8.54% vs -12.37% for EDOC. On fees, DAX is cheaper at 0.20% per year. On volatility, DAX has been the lower-risk option at 4.78%. 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 8.54% return vs -12.37%. 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 2.13%, compared with 0.26% 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 (0.04 vs -0.45), 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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