EDOC vs. PAVE
EDOC (Global X Telemedicine & Digital Health ETF) and PAVE (Global X US Infrastructure Development ETF) are both exchange-traded funds - EDOC is a Health & Biotech Equities fund tracking the Solactive Telemedicine & Digital Health Index- TR Net, while PAVE is a Industrials Equities fund tracking the INDXX U.S. Infrastructure Development Index. Both are passively managed. Over the past 5 years, EDOC returned -14.64%/yr vs 18.34%/yr for PAVE. A 0.52 correlation means they provide meaningful diversification when combined. EDOC charges 0.68%/yr vs 0.47%/yr for PAVE.
Performance
EDOC vs. PAVE - 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 PAVE's 20.97% return.
EDOC
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 10Y*
- —
PAVE
- 1D
- -2.41%
- 1M
- 5.22%
- YTD
- 20.97%
- 6M
- 18.41%
- 1Y
- 37.00%
- 3Y*
- 25.30%
- 5Y*
- 18.34%
- 10Y*
- —
EDOC vs. PAVE - 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% |
PAVE Global X US Infrastructure Development ETF | 20.97% | 19.36% | 17.92% | 31.01% | -7.17% | 36.42% | 32.34% |
Correlation
The correlation between EDOC and PAVE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.52 |
The correlation between EDOC and PAVE shifts across timeframes, from 0.42 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EDOC vs. PAVE — Risk / Return Rank
EDOC
PAVE
EDOC vs. PAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and Global X US Infrastructure Development ETF (PAVE). 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 | PAVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.12 | -3.65 |
| Martin ratioReturn relative to average drawdown | -1.01 | 11.34 | -12.35 |
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Drawdowns
EDOC vs. PAVE - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for EDOC and PAVE.
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Drawdown Indicators
| EDOC | PAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -44.08% | -21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -11.91% | -18.80% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -26.23% | -9.55% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -26.23% | -34.13% |
Current DrawdownCurrent decline from peak | -61.31% | -2.41% | -58.90% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -6.21% | -36.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 3.27% | +12.71% |
Volatility
EDOC vs. PAVE - Volatility Comparison
Global X Telemedicine & Digital Health ETF (EDOC) and Global X US Infrastructure Development ETF (PAVE) have volatilities of 7.26% and 7.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | PAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 7.01% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 15.90% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 19.63% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 21.67% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 24.40% | +1.88% |
EDOC vs. PAVE - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than PAVE's 0.47% expense ratio.
Dividends
EDOC vs. PAVE - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.37%, less than PAVE's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PAVE Global X US Infrastructure Development ETF | 0.76% | 0.92% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% |
Frequently Asked Questions
EDOC and PAVE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDOC has higher volatility (7.26%) compared to PAVE (7.01%). In terms of maximum drawdown, EDOC dropped -65.76% vs PAVE's -44.08%.
On 5-year performance, PAVE leads with 18.34% vs -14.64% for EDOC. On fees, PAVE is cheaper at 0.47% per year. On volatility, PAVE has been the lower-risk option at 7.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PAVE has performed better with a 18.34% return vs -14.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PAVE is cheaper with a 0.47% expense ratio, compared with 0.68% for EDOC.
PAVE has the higher dividend yield at 0.76%, compared with 0.37% for EDOC.
EDOC is categorized as Health & Biotech Equities, while PAVE is Industrials Equities. EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while PAVE tracks INDXX U.S. Infrastructure Development Index. Their fees differ too: 0.68% for EDOC and 0.47% for PAVE.
PAVE currently has the higher Sharpe Ratio (1.90 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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