EDOC vs. IBRN
EDOC (Global X Telemedicine & Digital Health ETF) and IBRN (iShares Neuroscience and Healthcare ETF) are both Health & Biotech Equities funds - EDOC tracks the Solactive Telemedicine & Digital Health Index- TR Net while IBRN tracks the NYSE FactSet Global Neuro Biopharma and MedTech Index. Both are passively managed. Over the past 3 years, EDOC returned -8.12%/yr vs 14.72%/yr for IBRN. A 0.60 correlation means they provide meaningful diversification when combined. EDOC charges 0.68%/yr vs 0.47%/yr for IBRN.
Performance
EDOC vs. IBRN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EDOC achieves a -10.37% return, which is significantly lower than IBRN's 14.14% return.
EDOC
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 10Y*
- —
IBRN
- 1D
- 0.60%
- 1M
- 6.49%
- YTD
- 14.14%
- 6M
- 14.25%
- 1Y
- 71.08%
- 3Y*
- 14.72%
- 5Y*
- —
- 10Y*
- —
EDOC vs. IBRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | -10.37% | -0.62% | -2.87% | -12.61% | -10.02% |
IBRN iShares Neuroscience and Healthcare ETF | 14.14% | 28.49% | -2.78% | 0.92% | 2.87% |
Correlation
The correlation between EDOC and IBRN 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2022 | 0.60 |
The correlation between EDOC and IBRN has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EDOC vs. IBRN — Risk / Return Rank
EDOC
IBRN
EDOC vs. IBRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and iShares Neuroscience and Healthcare ETF (IBRN). 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 | IBRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.53 | ||
| Sortino ratioReturn per unit of downside risk | -4.65 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.43 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 8.12 | -8.64 |
| Martin ratioReturn relative to average drawdown | -1.01 | 22.92 | -23.93 |
Loading charts...
Drawdowns
EDOC vs. IBRN - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, which is greater than IBRN's maximum drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for EDOC and IBRN.
Loading charts...
Drawdown Indicators
| EDOC | IBRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -35.38% | -30.38% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -8.80% | -21.91% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -35.38% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | — | — |
Current DrawdownCurrent decline from peak | -61.31% | 0.00% | -61.31% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -9.75% | -33.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 3.11% | +12.87% |
Volatility
EDOC vs. IBRN - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 7.26%, while iShares Neuroscience and Healthcare ETF (IBRN) has a volatility of 8.17%. This indicates that EDOC experiences smaller price fluctuations and is considered to be less risky than IBRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EDOC | IBRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 8.17% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 19.20% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 25.50% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 25.36% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 25.36% | +0.92% |
EDOC vs. IBRN - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than IBRN's 0.47% expense ratio.
Dividends
EDOC vs. IBRN - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.37%, less than IBRN's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | 0.37% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
IBRN iShares Neuroscience and Healthcare ETF | 0.87% | 0.99% | 0.40% | 0.06% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDOC and IBRN 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.
IBRN has higher volatility (8.17%) compared to EDOC (7.26%). In terms of maximum drawdown, EDOC dropped -65.76% vs IBRN's -35.38%.
On 3-year performance, IBRN leads with 14.72% vs -8.12% for EDOC. On fees, IBRN is cheaper at 0.47% per year. On volatility, EDOC has been the lower-risk option at 7.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBRN has performed better with a 14.72% return vs -8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBRN is cheaper with a 0.47% expense ratio, compared with 0.68% for EDOC.
IBRN has the higher dividend yield at 0.87%, compared with 0.37% for EDOC.
EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while IBRN tracks NYSE FactSet Global Neuro Biopharma and MedTech Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.68% for EDOC and 0.47% for IBRN.
IBRN currently has the higher Sharpe Ratio (2.80 vs -0.73), 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.
Find the right allocation for EDOC and IBRN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer