IBRN vs. EDOC
IBRN (iShares Neuroscience and Healthcare ETF) and EDOC (Global X Telemedicine & Digital Health ETF) are both Health & Biotech Equities funds - IBRN tracks the NYSE FactSet Global Neuro Biopharma and MedTech Index while EDOC tracks the Solactive Telemedicine & Digital Health Index- TR Net. Both are passively managed. Over the past 3 years, IBRN returned 14.72%/yr vs -8.12%/yr for EDOC. A 0.60 correlation means they provide meaningful diversification when combined. IBRN charges 0.47%/yr vs 0.68%/yr for EDOC.
Performance
IBRN vs. EDOC - Performance Comparison
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Returns By Period
In the year-to-date period, IBRN achieves a 14.14% return, which is significantly higher than EDOC's -10.37% return.
IBRN
- 1D
- 0.60%
- 1M
- 6.49%
- YTD
- 14.14%
- 6M
- 14.25%
- 1Y
- 71.08%
- 3Y*
- 14.72%
- 5Y*
- —
- 10Y*
- —
EDOC
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 10Y*
- —
IBRN vs. EDOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBRN iShares Neuroscience and Healthcare ETF | 14.14% | 28.49% | -2.78% | 0.92% | 2.87% |
EDOC Global X Telemedicine & Digital Health ETF | -10.37% | -0.62% | -2.87% | -12.61% | -10.02% |
Correlation
The correlation between IBRN and EDOC is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2022 | 0.60 |
The correlation between IBRN and EDOC has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
IBRN vs. EDOC — Risk / Return Rank
IBRN
EDOC
IBRN vs. EDOC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Neuroscience and Healthcare ETF (IBRN) and Global X Telemedicine & Digital Health ETF (EDOC). 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.
| IBRN | EDOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.53 | ||
| Sortino ratioReturn per unit of downside risk | +4.65 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.90 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 8.12 | -0.53 | +8.64 |
| Martin ratioReturn relative to average drawdown | 22.92 | -1.01 | +23.93 |
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Drawdowns
IBRN vs. EDOC - Drawdown Comparison
The maximum IBRN drawdown since its inception was -35.38%, smaller than the maximum EDOC drawdown of -65.76%. Use the drawdown chart below to compare losses from any high point for IBRN and EDOC.
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Drawdown Indicators
| IBRN | EDOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.38% | -65.76% | +30.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -30.71% | +21.91% |
Max Drawdown (3Y)Largest decline over 3 years | -35.38% | -35.78% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -60.36% | — |
Current DrawdownCurrent decline from peak | 0.00% | -61.31% | +61.31% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -43.20% | +33.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 15.98% | -12.87% |
Volatility
IBRN vs. EDOC - Volatility Comparison
iShares Neuroscience and Healthcare ETF (IBRN) has a higher volatility of 8.17% compared to Global X Telemedicine & Digital Health ETF (EDOC) at 7.26%. This indicates that IBRN's price experiences larger fluctuations and is considered to be riskier than EDOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBRN | EDOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 7.26% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 19.20% | 16.63% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.50% | 22.43% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.36% | 26.46% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.36% | 26.28% | -0.92% |
IBRN vs. EDOC - Expense Ratio Comparison
IBRN has a 0.47% expense ratio, which is lower than EDOC's 0.68% expense ratio.
Dividends
IBRN vs. EDOC - Dividend Comparison
IBRN's dividend yield for the trailing twelve months is around 0.87%, more than EDOC's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EDOC Global X Telemedicine & Digital Health ETF | 0.37% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
IBRN iShares Neuroscience and Healthcare ETF | 0.87% | 0.99% | 0.40% | 0.06% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBRN and EDOC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBRN has higher volatility (8.17%) compared to EDOC (7.26%). In terms of maximum drawdown, IBRN dropped -35.38% vs EDOC's -65.76%.
On 3-year performance, IBRN leads with 14.72% vs -8.12% for EDOC. On fees, IBRN is cheaper at 0.47% 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 3-year period, IBRN has performed better with a 14.72% return vs -8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBRN is cheaper with a 0.47% expense ratio, compared with 0.68% for EDOC.
IBRN has the higher dividend yield at 0.87%, compared with 0.37% for EDOC.
IBRN tracks NYSE FactSet Global Neuro Biopharma and MedTech Index, while EDOC tracks Solactive Telemedicine & Digital Health Index- TR Net. They also come from different issuers: iShares and Global X. Their fees differ too: 0.47% for IBRN and 0.68% for EDOC.
IBRN currently has the higher Sharpe Ratio (2.80 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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