EDOC vs. EBIZ
Compare and contrast key facts about Global X Telemedicine & Digital Health ETF (EDOC) and Global X E-commerce ETF (EBIZ).
EDOC and EBIZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EDOC is a passively managed fund by Global X that tracks the performance of the Solactive Telemedicine & Digital Health Index- TR Net. It was launched on Jul 29, 2020. EBIZ is a passively managed fund by Global X that tracks the performance of the Solactive E-commerce Index. It was launched on Nov 27, 2018. Both EDOC and EBIZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EDOC or EBIZ.
Key characteristics
| EDOC | EBIZ | |
|---|---|---|
| YTD Return | -1.68% | 28.95% |
| 1Y Return | 22.69% | 52.82% |
| 3Y Return (Ann) | -18.19% | -4.90% |
| Sharpe Ratio | 0.78 | 2.37 |
| Sortino Ratio | 1.24 | 3.20 |
| Omega Ratio | 1.14 | 1.39 |
| Calmar Ratio | 0.30 | 0.96 |
| Martin Ratio | 2.09 | 12.58 |
| Ulcer Index | 9.17% | 4.00% |
| Daily Std Dev | 24.43% | 21.25% |
| Max Drawdown | -64.25% | -61.58% |
| Current Drawdown | -56.03% | -26.88% |
Correlation
The correlation between EDOC and EBIZ is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EDOC vs. EBIZ - Performance Comparison
In the year-to-date period, EDOC achieves a -1.68% return, which is significantly lower than EBIZ's 28.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EDOC vs. EBIZ - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than EBIZ's 0.50% expense ratio.
Risk-Adjusted Performance
EDOC vs. EBIZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and Global X E-commerce ETF (EBIZ). 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.
Dividends
EDOC vs. EBIZ - Dividend Comparison
EDOC has not paid dividends to shareholders, while EBIZ's dividend yield for the trailing twelve months is around 0.21%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% |
EBIZ Global X E-commerce ETF | 0.21% | 0.00% | 0.10% | 0.57% | 0.84% | 0.18% |
Drawdowns
EDOC vs. EBIZ - Drawdown Comparison
The maximum EDOC drawdown since its inception was -64.25%, roughly equal to the maximum EBIZ drawdown of -61.58%. Use the drawdown chart below to compare losses from any high point for EDOC and EBIZ. For additional features, visit the drawdowns tool.
Volatility
EDOC vs. EBIZ - Volatility Comparison
Global X Telemedicine & Digital Health ETF (EDOC) has a higher volatility of 6.13% compared to Global X E-commerce ETF (EBIZ) at 4.76%. This indicates that EDOC's price experiences larger fluctuations and is considered to be riskier than EBIZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.