EDOC vs. ICLN
EDOC (Global X Telemedicine & Digital Health ETF) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - EDOC is a Health & Biotech Equities fund tracking the Solactive Telemedicine & Digital Health Index- TR Net, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 5 years, EDOC returned -14.64%/yr vs -0.79%/yr for ICLN. A 0.55 correlation means they provide meaningful diversification when combined. EDOC charges 0.68%/yr vs 0.39%/yr for ICLN.
Performance
EDOC vs. ICLN - Performance Comparison
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Returns By Period
In the year-to-date period, EDOC achieves a -10.37% return, which is significantly lower than ICLN's 26.14% return.
EDOC
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 10Y*
- —
ICLN
- 1D
- -4.44%
- 1M
- -7.52%
- YTD
- 26.14%
- 6M
- 25.31%
- 1Y
- 64.46%
- 3Y*
- 6.74%
- 5Y*
- -0.79%
- 10Y*
- 11.38%
EDOC vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | -10.37% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 16.89% |
ICLN iShares Global Clean Energy ETF | 26.14% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 96.05% |
Correlation
The correlation between EDOC and ICLN is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.55 |
Over the past year, the correlation between EDOC and ICLN has dropped to 0.27 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
EDOC vs. ICLN — Risk / Return Rank
EDOC
ICLN
EDOC vs. ICLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and iShares Global Clean Energy ETF (ICLN). 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 | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.36 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.96 | -4.48 |
| Martin ratioReturn relative to average drawdown | -1.01 | 13.73 | -14.74 |
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Drawdowns
EDOC vs. ICLN - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, smaller than the maximum ICLN drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for EDOC and ICLN.
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Drawdown Indicators
| EDOC | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -87.15% | +21.39% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -16.38% | -14.33% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -43.18% | +7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -57.16% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.75% | — |
Current DrawdownCurrent decline from peak | -61.31% | -43.56% | -17.75% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -66.53% | +23.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 4.71% | +11.27% |
Volatility
EDOC vs. ICLN - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 7.26%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 13.47%. This indicates that EDOC experiences smaller price fluctuations and is considered to be less risky than ICLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 13.47% | -6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 23.14% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 28.52% | -6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 27.69% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 27.33% | -1.05% |
EDOC vs. ICLN - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
EDOC vs. ICLN - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.37%, less than ICLN's 0.89% 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% |
ICLN iShares Global Clean Energy ETF | 0.89% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
Frequently Asked Questions
EDOC and ICLN have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICLN has higher volatility (13.47%) compared to EDOC (7.26%). In terms of maximum drawdown, EDOC dropped -65.76% vs ICLN's -87.15%.
On 5-year performance, ICLN leads with -0.79% vs -14.64% for EDOC. On fees, ICLN is cheaper at 0.39% 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 5-year period, ICLN has performed better with a -0.79% return vs -14.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.68% for EDOC.
ICLN has the higher dividend yield at 0.89%, compared with 0.37% for EDOC.
EDOC is categorized as Health & Biotech Equities, while ICLN is Alternative Energy Equities. EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while ICLN tracks S&P Global Clean Energy Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.68% for EDOC and 0.39% for ICLN.
ICLN currently has the higher Sharpe Ratio (2.27 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.
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