EDOC vs. PSCH
EDOC (Global X Telemedicine & Digital Health ETF) and PSCH (Invesco S&P SmallCap Health Care ETF) are both Health & Biotech Equities funds - EDOC tracks the Solactive Telemedicine & Digital Health Index- TR Net while PSCH tracks the S&P SmallCap 600 Health Care Index. Both are passively managed. Over the past 5 years, EDOC returned -14.64%/yr vs -5.17%/yr for PSCH. A 0.76 correlation means they provide meaningful diversification when combined. EDOC charges 0.68%/yr vs 0.29%/yr for PSCH.
Performance
EDOC vs. PSCH - 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 PSCH's 11.73% return.
EDOC
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 10Y*
- —
PSCH
- 1D
- 1.22%
- 1M
- 10.05%
- YTD
- 11.73%
- 6M
- 7.03%
- 1Y
- 24.00%
- 3Y*
- 4.19%
- 5Y*
- -5.17%
- 10Y*
- 8.18%
EDOC vs. PSCH - 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% |
PSCH Invesco S&P SmallCap Health Care ETF | 11.73% | -0.49% | 3.77% | -2.71% | -25.15% | 5.75% | 32.75% |
Correlation
The correlation between EDOC and PSCH is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.76 |
The correlation between EDOC and PSCH has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
EDOC vs. PSCH — Risk / Return Rank
EDOC
PSCH
EDOC vs. PSCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and Invesco S&P SmallCap Health Care ETF (PSCH). 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 | PSCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.21 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.57 | -2.10 |
| Martin ratioReturn relative to average drawdown | -1.01 | 4.73 | -5.75 |
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Drawdowns
EDOC vs. PSCH - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, which is greater than PSCH's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for EDOC and PSCH.
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Drawdown Indicators
| EDOC | PSCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -46.32% | -19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -15.36% | -15.35% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -22.98% | -12.80% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -46.32% | -14.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.32% | — |
Current DrawdownCurrent decline from peak | -61.31% | -23.82% | -37.49% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -13.50% | -29.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 5.08% | +10.90% |
Volatility
EDOC vs. PSCH - Volatility Comparison
Global X Telemedicine & Digital Health ETF (EDOC) has a higher volatility of 7.26% compared to Invesco S&P SmallCap Health Care ETF (PSCH) at 4.90%. This indicates that EDOC's price experiences larger fluctuations and is considered to be riskier than PSCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | PSCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 4.90% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 14.54% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 20.45% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 22.94% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 23.63% | +2.65% |
EDOC vs. PSCH - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than PSCH's 0.29% expense ratio.
Dividends
EDOC vs. PSCH - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.37%, more than PSCH's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PSCH Invesco S&P SmallCap Health Care ETF | 0.01% | 0.04% | 0.27% | 0.01% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
Frequently Asked Questions
EDOC and PSCH have a correlation of 0.75, 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 PSCH (4.90%). In terms of maximum drawdown, EDOC dropped -65.76% vs PSCH's -46.32%.
On 5-year performance, PSCH leads with -5.17% vs -14.64% for EDOC. On fees, PSCH is cheaper at 0.29% per year. On volatility, PSCH has been the lower-risk option at 4.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PSCH has performed better with a -5.17% return vs -14.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCH is cheaper with a 0.29% expense ratio, compared with 0.68% for EDOC.
EDOC has the higher dividend yield at 0.37%, compared with 0.01% for PSCH.
EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while PSCH tracks S&P SmallCap 600 Health Care Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.68% for EDOC and 0.29% for PSCH.
PSCH currently has the higher Sharpe Ratio (1.18 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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