EDOC vs. XLV
EDOC (Global X Telemedicine & Digital Health ETF) and XLV (State Street Health Care Select Sector SPDR ETF) are both Health & Biotech Equities funds - EDOC tracks the Solactive Telemedicine & Digital Health Index- TR Net while XLV tracks the Health Care Select Sector Index. Both are passively managed. Over the past 5 years, EDOC returned -14.64%/yr vs 5.69%/yr for XLV. A 0.51 correlation means they provide meaningful diversification when combined. EDOC charges 0.68%/yr vs 0.08%/yr for XLV.
Performance
EDOC vs. XLV - 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 XLV's -0.85% return.
EDOC
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 10Y*
- —
XLV
- 1D
- 1.41%
- 1M
- 1.98%
- YTD
- -0.85%
- 6M
- -0.97%
- 1Y
- 17.16%
- 3Y*
- 6.63%
- 5Y*
- 5.69%
- 10Y*
- 10.01%
EDOC vs. XLV - 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% |
XLV State Street Health Care Select Sector SPDR ETF | -0.85% | 14.50% | 2.47% | 2.07% | -2.08% | 26.04% | 7.00% |
Correlation
The correlation between EDOC and XLV is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.51 |
The correlation between EDOC and XLV has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.
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Return for Risk
EDOC vs. XLV — Risk / Return Rank
EDOC
XLV
EDOC vs. XLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Telemedicine & Digital Health ETF (EDOC) and State Street Health Care Select Sector SPDR ETF (XLV). 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 | XLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.20 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.65 | -2.17 |
| Martin ratioReturn relative to average drawdown | -1.01 | 3.89 | -4.90 |
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Drawdowns
EDOC vs. XLV - Drawdown Comparison
The maximum EDOC drawdown since its inception was -65.76%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for EDOC and XLV.
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Drawdown Indicators
| EDOC | XLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -39.17% | -26.59% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -10.47% | -20.24% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | -17.11% | -18.67% |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | -17.11% | -43.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.40% | — |
Current DrawdownCurrent decline from peak | -61.31% | -4.20% | -57.11% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -7.12% | -36.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 4.42% | +11.56% |
Volatility
EDOC vs. XLV - Volatility Comparison
Global X Telemedicine & Digital Health ETF (EDOC) has a higher volatility of 7.26% compared to State Street Health Care Select Sector SPDR ETF (XLV) at 5.27%. This indicates that EDOC's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDOC | XLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 5.27% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 10.68% | +5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 15.09% | +7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 14.77% | +11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 16.57% | +9.71% |
EDOC vs. XLV - Expense Ratio Comparison
EDOC has a 0.68% expense ratio, which is higher than XLV's 0.08% expense ratio.
Dividends
EDOC vs. XLV - Dividend Comparison
EDOC's dividend yield for the trailing twelve months is around 0.37%, less than XLV's 1.66% 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% |
XLV State Street Health Care Select Sector SPDR ETF | 1.66% | 1.60% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.57% | 1.47% | 1.60% | 1.43% |
Frequently Asked Questions
EDOC and XLV have a correlation of 0.48, 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 XLV (5.27%). In terms of maximum drawdown, EDOC dropped -65.76% vs XLV's -39.17%.
On 5-year performance, XLV leads with 5.69% vs -14.64% for EDOC. On fees, XLV is cheaper at 0.08% per year. On volatility, XLV has been the lower-risk option at 5.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XLV has performed better with a 5.69% return vs -14.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLV is cheaper with a 0.08% expense ratio, compared with 0.68% for EDOC.
XLV has the higher dividend yield at 1.66%, compared with 0.37% for EDOC.
EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net, while XLV tracks Health Care Select Sector Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.68% for EDOC and 0.08% for XLV.
XLV currently has the higher Sharpe Ratio (1.14 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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