EDOC vs. GDX
EDOC (Global X Telemedicine & Digital Health ETF) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - EDOC is a Health & Biotech Equities fund tracking the Solactive Telemedicine & Digital Health Index- TR Net, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. Both are passively managed. Over the past 5 years, EDOC returned -14.74%/yr vs 20.52%/yr for GDX. At a 0.29 correlation, their price movements are largely independent. EDOC charges 0.68%/yr vs 0.51%/yr for GDX.
Performance
EDOC vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, EDOC achieves a -11.69% return, which is significantly lower than GDX's -5.05% return.
EDOC
- 1D
- -1.35%
- 1M
- 3.99%
- YTD
- -11.69%
- 6M
- -14.62%
- 1Y
- -19.29%
- 3Y*
- -8.58%
- 5Y*
- -14.74%
- 10Y*
- —
GDX
- 1D
- -1.30%
- 1M
- -4.21%
- YTD
- -5.05%
- 6M
- -9.69%
- 1Y
- 56.88%
- 3Y*
- 41.48%
- 5Y*
- 20.52%
- 10Y*
- 12.89%
EDOC vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | -11.69% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 16.89% |
GDX VanEck Gold Miners ETF | -5.05% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | -16.05% |
Correlation
The correlation between EDOC and GDX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.29 |
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Return for Risk
EDOC vs. GDX — Risk / Return Rank
EDOC
GDX
EDOC vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and VanEck Gold Miners ETF (GDX). 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 | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.22 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.58 | -2.21 |
| Martin ratioReturn relative to average drawdown | -1.21 | 4.19 | -5.40 |
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Drawdowns
EDOC vs. GDX - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for EDOC and GDX.
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Drawdown Indicators
| EDOC | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -80.34% | +14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -36.28% | +5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -36.28% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -46.51% | -13.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.79% | — |
Current DrawdownCurrent decline from peak | -61.88% | -29.70% | -32.18% |
Average DrawdownAverage peak-to-trough decline | -43.19% | -40.40% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.92% | 13.62% | +2.30% |
Volatility
EDOC vs. GDX - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 7.15%, while VanEck Gold Miners ETF (GDX) has a volatility of 17.03%. This indicates that EDOC experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 17.03% | -9.88% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 39.77% | -23.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 47.49% | -25.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 36.83% | -10.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 37.39% | -11.11% |
EDOC vs. GDX - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than GDX's 0.51% expense ratio.
Dividends
EDOC vs. GDX - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.37%, less than GDX's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | 0.37% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Gold Miners ETF | 0.78% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Frequently Asked Questions
EDOC and GDX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDX has higher volatility (17.03%) compared to EDOC (7.15%). In terms of maximum drawdown, EDOC dropped -65.76% vs GDX's -80.34%.
On 5-year performance, GDX leads with 20.52% vs -14.74% for EDOC. On fees, GDX is cheaper at 0.51% per year. On volatility, EDOC has been the lower-risk option at 7.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GDX has performed better with a 20.52% return vs -14.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDX is cheaper with a 0.51% expense ratio, compared with 0.68% for EDOC.
GDX has the higher dividend yield at 0.78%, compared with 0.37% for EDOC.
EDOC is categorized as Health & Biotech Equities, while GDX is Gold. EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while GDX tracks NYSE MarketVector Global Gold Miners Index. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.68% for EDOC and 0.51% for GDX.
GDX currently has the higher Sharpe Ratio (1.21 vs -0.87), 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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