EDOC vs. SBIO
EDOC (Global X Telemedicine & Digital Health ETF) and SBIO (ALPS Medical Breakthroughs ETF) are both Health & Biotech Equities funds - EDOC tracks the Solactive Telemedicine & Digital Health Index- TR Net while SBIO tracks the S-Network Medical Breakthroughs Index. Both are passively managed. Over the past 5 years, EDOC returned -14.16%/yr vs 3.16%/yr for SBIO. A 0.63 correlation means they provide meaningful diversification when combined. EDOC charges 0.68%/yr vs 0.50%/yr for SBIO.
Performance
EDOC vs. SBIO - Performance Comparison
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Returns By Period
In the year-to-date period, EDOC achieves a -12.84% return, which is significantly lower than SBIO's 1.95% return.
EDOC
- 1D
- 3.24%
- 1M
- 1.39%
- YTD
- -12.84%
- 6M
- -18.63%
- 1Y
- -19.59%
- 3Y*
- -9.61%
- 5Y*
- -14.16%
- 10Y*
- —
SBIO
- 1D
- 2.35%
- 1M
- -5.55%
- YTD
- 1.95%
- 6M
- 4.13%
- 1Y
- 68.86%
- 3Y*
- 18.38%
- 5Y*
- 3.16%
- 10Y*
- 8.03%
EDOC vs. SBIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | -12.84% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 23.87% |
SBIO ALPS Medical Breakthroughs ETF | 1.95% | 55.07% | 3.81% | 8.68% | -28.08% | -17.55% | 26.22% |
Correlation
The correlation between EDOC and SBIO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.63 |
The correlation between EDOC and SBIO shifts across timeframes, from 0.49 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EDOC vs. SBIO — Risk / Return Rank
EDOC
SBIO
EDOC vs. SBIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and ALPS Medical Breakthroughs ETF (SBIO). 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.
| EDOC | SBIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.42 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.38 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 5.47 | -6.11 |
| Martin ratioReturn relative to average drawdown | -1.29 | 16.23 | -17.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDOC | SBIO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | 2.35 | -3.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.54 | 0.09 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.22 | -0.60 |
Drawdowns
EDOC vs. SBIO - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, roughly equal to the maximum SBIO drawdown of -63.06%. Use the drawdown chart below to compare losses from any high point for EDOC and SBIO.
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Drawdown Indicators
| EDOC | SBIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -63.06% | -2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -12.66% | -18.05% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -42.44% | +6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -53.10% | -7.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.06% | — |
Current DrawdownCurrent decline from peak | -62.37% | -14.84% | -47.53% |
Average DrawdownAverage peak-to-trough decline | -43.04% | -28.44% | -14.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.21% | 4.26% | +10.95% |
Volatility
EDOC vs. SBIO - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 6.11%, while ALPS Medical Breakthroughs ETF (SBIO) has a volatility of 9.85%. This indicates that EDOC experiences smaller price fluctuations and is considered to be less risky than SBIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | SBIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 9.85% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 22.76% | -6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.13% | 29.40% | -7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.41% | 33.57% | -7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.21% | 33.18% | -6.97% |
EDOC vs. SBIO - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than SBIO's 0.50% expense ratio.
Dividends
EDOC vs. SBIO - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.38%, while SBIO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | 0.38% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% |
SBIO ALPS Medical Breakthroughs ETF | 0.00% | 0.00% | 3.55% | 0.22% | 0.00% | 0.00% | 0.00% | 0.04% | 2.79% | 1.77% |
Frequently Asked Questions
EDOC and SBIO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIO has higher volatility (9.85%) compared to EDOC (6.11%). In terms of maximum drawdown, EDOC dropped -65.76% vs SBIO's -63.06%.
On 5-year performance, SBIO leads with 3.16% vs -14.16% for EDOC. On fees, SBIO is cheaper at 0.50% per year. On volatility, EDOC has been the lower-risk option at 6.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SBIO has performed better with a 3.16% return vs -14.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SBIO is cheaper with a 0.50% expense ratio, compared with 0.68% for EDOC.
EDOC has the higher dividend yield at 0.38%, compared with 0.00% for SBIO.
EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while SBIO tracks S-Network Medical Breakthroughs Index. They also come from different issuers: Global X and SS&C. Their fees differ too: 0.68% for EDOC and 0.50% for SBIO.
SBIO currently has the higher Sharpe Ratio (2.35 vs -0.89), 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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