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.
Correlation
The correlation between EDOC and EBIZ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EDOC vs. EBIZ - Performance Comparison
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Key characteristics
EDOC:
0.54
EBIZ:
0.69
EDOC:
0.83
EBIZ:
1.08
EDOC:
1.10
EBIZ:
1.13
EDOC:
0.20
EBIZ:
0.43
EDOC:
1.36
EBIZ:
2.25
EDOC:
9.38%
EBIZ:
7.72%
EDOC:
27.11%
EBIZ:
25.92%
EDOC:
-64.25%
EBIZ:
-61.58%
EDOC:
-53.47%
EBIZ:
-22.99%
Returns By Period
In the year-to-date period, EDOC achieves a 7.12% return, which is significantly higher than EBIZ's 3.46% return.
EDOC
7.12%
17.13%
5.83%
16.23%
N/A
N/A
EBIZ
3.46%
13.08%
5.31%
18.71%
7.03%
N/A
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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 Rank
EDOC
EBIZ
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.
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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 0.23%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% |
EBIZ Global X E-commerce ETF | 0.23% | 0.23% | 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.
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Volatility
EDOC vs. EBIZ - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 7.12%, while Global X E-commerce ETF (EBIZ) has a volatility of 8.04%. This indicates that EDOC experiences smaller price fluctuations and is considered to be less risky than EBIZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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