EDOC vs. XBI
EDOC (Global X Telemedicine & Digital Health ETF) and XBI (SPDR S&P Biotech ETF) are both Health & Biotech Equities funds - EDOC tracks the Solactive Telemedicine & Digital Health Index- TR Net while XBI tracks the S&P Biotechnology Select Industry Index. Both are passively managed. Over the past 5 years, EDOC returned -14.64%/yr vs 1.51%/yr for XBI. A 0.68 correlation means they provide meaningful diversification when combined. EDOC charges 0.68%/yr vs 0.35%/yr for XBI.
Performance
EDOC vs. XBI - 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 XBI's 20.70% return.
EDOC
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 10Y*
- —
XBI
- 1D
- 0.80%
- 1M
- 11.78%
- YTD
- 20.70%
- 6M
- 17.84%
- 1Y
- 79.53%
- 3Y*
- 20.24%
- 5Y*
- 1.51%
- 10Y*
- 11.14%
EDOC vs. XBI - 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% |
XBI SPDR S&P Biotech ETF | 20.70% | 35.89% | 1.01% | 7.60% | -25.87% | -20.45% | 27.79% |
Correlation
The correlation between EDOC and XBI is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.68 |
The correlation between EDOC and XBI shifts across timeframes, from 0.53 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EDOC vs. XBI — Risk / Return Rank
EDOC
XBI
EDOC vs. XBI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and SPDR S&P Biotech ETF (XBI). 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 | XBI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.75 | ||
| Sortino ratioReturn per unit of downside risk | -4.83 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.47 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 8.22 | -8.75 |
| Martin ratioReturn relative to average drawdown | -1.01 | 24.30 | -25.31 |
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Drawdowns
EDOC vs. XBI - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, roughly equal to the maximum XBI drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for EDOC and XBI.
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Drawdown Indicators
| EDOC | XBI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -63.89% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -9.72% | -20.99% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -32.99% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -54.71% | -5.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.89% | — |
Current DrawdownCurrent decline from peak | -61.31% | -14.94% | -46.37% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -20.93% | -22.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 3.28% | +12.70% |
Volatility
EDOC vs. XBI - Volatility Comparison
The current volatility for Global X Telemedicine & Digital Health ETF (EDOC) is 7.26%, while SPDR S&P Biotech ETF (XBI) has a volatility of 9.96%. This indicates that EDOC experiences smaller price fluctuations and is considered to be less risky than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | XBI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 9.96% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 21.31% | -4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 26.47% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 32.30% | -5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 32.01% | -5.73% |
EDOC vs. XBI - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than XBI's 0.35% expense ratio.
Dividends
EDOC vs. XBI - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.37%, less than XBI's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XBI SPDR S&P Biotech ETF | 0.39% | 0.37% | 0.15% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% |
Frequently Asked Questions
EDOC and XBI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XBI has higher volatility (9.96%) compared to EDOC (7.26%). In terms of maximum drawdown, EDOC dropped -65.76% vs XBI's -63.89%.
On 5-year performance, XBI leads with 1.51% vs -14.64% for EDOC. On fees, XBI is cheaper at 0.35% per year. On volatility, EDOC has been the lower-risk option at 7.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XBI has performed better with a 1.51% return vs -14.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XBI is cheaper with a 0.35% expense ratio, compared with 0.68% for EDOC.
XBI has the higher dividend yield at 0.39%, compared with 0.37% for EDOC.
EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while XBI tracks S&P Biotechnology Select Industry Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.68% for EDOC and 0.35% for XBI.
XBI currently has the higher Sharpe Ratio (3.02 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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