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 Infrastructure Equities fund tracking the INDXX U.S. Infrastructure Development Index. Both are passively managed. Over the past 5 years, EDOC returned -12.95%/yr vs 17.87%/yr for PAVE. Their 0.50 correlation means they have sometimes moved together and sometimes differently. 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 -5.19% return, which is significantly lower than PAVE's 20.61% 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%
PAVE
- 1D
- 2.09%
- 1M
- 0.68%
- 6M
- 12.05%
- YTD
- 20.61%
- 1Y
- 28.93%
- 3Y*
- 22.43%
- 5Y*
- 17.87%
- 10Y*
- —
- ALL TIME*
- 16.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $260.96K | $227.88K | $213.27K | |
| $108.51M | $123.53M | $109.57M |
EDOC vs. PAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | -5.19% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 16.89% |
PAVE Global X US Infrastructure Development ETF | 20.61% | 19.36% | 17.92% | 31.01% | -7.17% | 36.42% | 32.34% |
Correlation
The correlation between EDOC and PAVE is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.50 |
The correlation between EDOC and PAVE shifts across timeframes, from 0.35 (1 year) to 0.55 (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 | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.24 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 2.44 | -2.78 |
| Martin ratioReturn relative to average drawdown | -0.61 | 8.00 | -8.61 |
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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 | -34.56% | -26.23% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | -26.23% | -32.91% |
Current DrawdownCurrent decline from peak | -59.07% | -3.92% | -55.15% |
Average DrawdownAverage peak-to-trough decline | -43.49% | -6.19% | -37.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.90% | 3.62% | +13.28% |
Volatility
EDOC vs. PAVE - Volatility Comparison
Global X Telemedicine & Digital Health ETF (EDOC) has a higher volatility of 6.91% compared to Global X US Infrastructure Development ETF (PAVE) at 6.40%. This indicates that EDOC's price experiences larger fluctuations and is considered to be riskier than PAVE based on this measure. 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 | 6.91% | 6.40% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 17.44% | 16.70% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.91% | 20.47% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.67% | 21.72% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 24.37% | +1.90% |
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 0.26%, less than PAVE's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | 0.26% | 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 | 0.75% | 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 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDOC has higher volatility (6.91%) compared to PAVE (6.40%). In terms of maximum drawdown, EDOC dropped -65.76% vs PAVE's -44.08%.
On 5-year performance, PAVE leads with 17.87% vs -12.95% for EDOC. On fees, PAVE is cheaper at 0.47% per year. On volatility, PAVE has been the lower-risk option at 6.40%. 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 17.87% return vs -12.95%. 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 0.75%, compared with 0.26% for EDOC.
EDOC is categorized as Health & Biotech Equities, while PAVE is Infrastructure 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 (1.42 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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