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 -6.93%/yr vs 15.99%/yr for IBRN. Their 0.58 correlation means they have sometimes moved together and sometimes differently. EDOC charges 0.68%/yr vs 0.47%/yr for IBRN.
Performance
EDOC vs. IBRN - Performance Comparison
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Returns By Period
In the year-to-date period, EDOC achieves a -5.19% return, which is significantly lower than IBRN's 13.54% return.
EDOC
- 1D
- 2.94%
- 1M
- -4.37%
- 6M
- -2.05%
- YTD
- -5.19%
- 1Y
- -10.31%
- 3Y*
- -6.93%
- 5Y*
- -12.95%
- 10Y*
- —
- ALL TIME*
- -9.16%
IBRN
- 1D
- 0.25%
- 1M
- -6.04%
- 6M
- 11.27%
- YTD
- 13.54%
- 1Y
- 59.64%
- 3Y*
- 15.99%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $260.96K | $227.88K | $213.27K | |
| $121.37K | $143.48K | $105.10K |
EDOC vs. IBRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | -5.19% | -0.62% | -2.87% | -12.61% | -10.02% |
IBRN iShares Neuroscience and Healthcare ETF | 13.54% | 28.49% | -2.78% | 0.92% | 2.87% |
Correlation
The correlation between EDOC and IBRN is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2022 | 0.58 |
The correlation between EDOC and IBRN shifts across timeframes, from 0.47 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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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 | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.37 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 6.55 | -6.89 |
| Martin ratioReturn relative to average drawdown | -0.61 | 16.87 | -17.48 |
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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.
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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% | -9.15% | -21.56% |
Max Drawdown (3Y)Largest decline over 3 years | -34.56% | -35.38% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | — | — |
Current DrawdownCurrent decline from peak | -59.07% | -8.92% | -50.15% |
Average DrawdownAverage peak-to-trough decline | -43.49% | -9.59% | -33.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.90% | 3.55% | +13.35% |
Volatility
EDOC vs. IBRN - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 6.91%, while iShares Neuroscience and Healthcare ETF (IBRN) has a volatility of 7.36%. 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.
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Volatility by Period
| EDOC | IBRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 7.36% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 17.44% | 19.59% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.91% | 25.65% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.67% | 25.33% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 25.33% | +0.94% |
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 0.26%, less than IBRN's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | 0.26% | 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 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBRN has higher volatility (7.36%) compared to EDOC (6.91%). In terms of maximum drawdown, EDOC dropped -65.76% vs IBRN's -35.38%.
On 3-year performance, IBRN leads with 15.99% vs -6.93% for EDOC. On fees, IBRN is cheaper at 0.47% per year. On volatility, EDOC has been the lower-risk option at 6.91%. 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 15.99% return vs -6.93%. 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 0.26% 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 (2.34 vs -0.45), 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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