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 -13.37%/yr vs -3.76%/yr for ICLN. Their 0.54 correlation means they have sometimes moved together and sometimes differently. 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 -7.90% return, which is significantly lower than ICLN's 7.10% return.
EDOC
- 1D
- 0.07%
- 1M
- -7.11%
- 6M
- -5.44%
- YTD
- -7.90%
- 1Y
- -12.88%
- 3Y*
- -8.61%
- 5Y*
- -13.37%
- 10Y*
- —
- ALL TIME*
- -9.61%
ICLN
- 1D
- -0.68%
- 1M
- -10.78%
- 6M
- -3.05%
- YTD
- 7.10%
- 1Y
- 31.07%
- 3Y*
- 0.63%
- 5Y*
- -3.76%
- 10Y*
- 8.55%
- ALL TIME*
- -3.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $245.64K | $221.54K | $214.19K | |
| $109.16M | $91.32M | $121.79M |
EDOC vs. ICLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | -7.90% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 16.89% |
ICLN iShares Global Clean Energy ETF | 7.10% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 96.05% |
Correlation
The correlation between EDOC and ICLN is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.54 |
Over the past year, the correlation between EDOC and ICLN has dropped to 0.20 - well below their long-term average of 0.54, 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 | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.19 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 1.13 | -1.57 |
| Martin ratioReturn relative to average drawdown | -0.82 | 3.93 | -4.74 |
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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% | -28.78% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -34.56% | -36.96% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | -57.16% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.75% | — |
Current DrawdownCurrent decline from peak | -60.24% | -52.08% | -8.16% |
Average DrawdownAverage peak-to-trough decline | -43.48% | -66.42% | +22.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.87% | 8.23% | +8.64% |
Volatility
EDOC vs. ICLN - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 6.34%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 10.74%. 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 | 6.34% | 10.74% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.24% | 25.25% | -8.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 30.58% | -7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.63% | 28.04% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.25% | 27.51% | -1.26% |
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 0.27%, less than ICLN's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | 0.27% | 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 | 1.05% | 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 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICLN has higher volatility (10.74%) compared to EDOC (6.34%). In terms of maximum drawdown, EDOC dropped -65.76% vs ICLN's -87.15%.
On 5-year performance, ICLN leads with -3.76% vs -13.37% for EDOC. On fees, ICLN is cheaper at 0.39% per year. On volatility, EDOC has been the lower-risk option at 6.34%. 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 -3.76% return vs -13.37%. 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 1.05%, compared with 0.27% 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 (1.06 vs -0.61), 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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