EDOC vs. DBO
EDOC (Global X Telemedicine & Digital Health ETF) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - EDOC is a Health & Biotech Equities fund tracking the Solactive Telemedicine & Digital Health Index- TR Net, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 5 years, EDOC returned -14.71%/yr vs 15.98%/yr for DBO. At a 0.06 correlation, their price movements are largely independent. EDOC charges 0.68%/yr vs 0.78%/yr for DBO.
Performance
EDOC vs. DBO - 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 DBO's 84.75% return.
EDOC
- 1D
- -1.16%
- 1M
- -2.59%
- YTD
- -15.57%
- 6M
- -20.78%
- 1Y
- -22.08%
- 3Y*
- -10.46%
- 5Y*
- -14.71%
- 10Y*
- —
DBO
- 1D
- 2.27%
- 1M
- -2.34%
- YTD
- 84.75%
- 6M
- 81.10%
- 1Y
- 80.26%
- 3Y*
- 21.86%
- 5Y*
- 15.98%
- 10Y*
- 11.37%
EDOC vs. DBO - 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% |
DBO Invesco DB Oil Fund | 84.75% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | 15.80% |
Correlation
The correlation between EDOC and DBO is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.06 |
The correlation between EDOC and DBO shifts across timeframes, from -0.22 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EDOC vs. DBO — Risk / Return Rank
EDOC
DBO
EDOC vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and Invesco DB Oil Fund (DBO). 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 | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.35 | ||
| Sortino ratioReturn per unit of downside risk | -4.34 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.38 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 4.44 | -5.16 |
| Martin ratioReturn relative to average drawdown | -1.46 | 9.02 | -10.49 |
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 | DBO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 2.34 | -3.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.56 | 0.50 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.02 | -0.42 |
Drawdowns
EDOC vs. DBO - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for EDOC and DBO.
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Drawdown Indicators
| EDOC | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -90.18% | +24.42% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -18.19% | -12.52% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -28.20% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -37.68% | -22.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.69% | — |
Current DrawdownCurrent decline from peak | -63.55% | -51.38% | -12.17% |
Average DrawdownAverage peak-to-trough decline | -43.02% | -62.25% | +19.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.13% | 8.92% | +6.21% |
Volatility
EDOC vs. DBO - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 5.21%, while Invesco DB Oil Fund (DBO) has a volatility of 12.61%. This indicates that EDOC experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 12.61% | -7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 28.20% | -12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 34.46% | -12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.37% | 32.29% | -5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.18% | 31.78% | -5.60% |
EDOC vs. DBO - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
EDOC vs. DBO - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.39%, less than DBO's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 1.90% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% |
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% |
Frequently Asked Questions
EDOC and DBO have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (12.61%) compared to EDOC (5.21%). In terms of maximum drawdown, EDOC dropped -65.76% vs DBO's -90.18%.
On 5-year performance, DBO leads with 15.98% 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, DBO has performed better with a 15.98% 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 0.78% for DBO.
DBO has the higher dividend yield at 1.90%, compared with 0.39% for EDOC.
EDOC is categorized as Health & Biotech Equities, while DBO is Oil & Gas. EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.68% for EDOC and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (2.34 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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