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ETFs

Global X Funds Global X Telemedicine & Digital Health ETF

EDOC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 29 2020
Expense Ratio
0.68%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$294,121
AUM
$127,650,000
Associated Index
Solactive Telemedicine & Digital Health Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

241
Alibaba Health Information Technology Limited
6.14%
MASI
Masimo Corp
5.85%
6618
JD Health International Inc.
5.78%
DOCS
Doximity Inc - Ordinary Shares - Class A
5.23%
DXCM
Dexcom Inc
4.91%
IRTC
iRhythm Technologies Inc
4.31%
LH
Laboratory Corp. Of America Holdings
4.30%
A
Agilent Technologies Inc.
4.30%
ILMN
Illumina Inc
4.18%
RMD
Resmed Inc. - Chess Depository Interest
4.13%
Invest with EDOC

What is EDOC?

The Global X Telemedicine & Digital Health ETF (EDOC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Telemedicine & Digital Health Index. It seeks to invest in companies positioned to benefit from further advances in the field of telemedicine and digital health. This includes companies involved in Telemedicine, Health Care Analytics, Connected Health Care Devices, and Administrative Digitization.

ETFs related toEDOC

ETFs correlated to EDOC include XHE, VBK, TARK

EDOC
Global X Funds - Global X Telemedicine & Digital Health ETF
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
ISCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Growth ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toEDOC

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with EDOC using Composer

FAQ

EDOC is a Global Equities ETF. The Global X Telemedicine & Digital Health ETF (EDOC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Telemedicine & Digital Health Index. It seeks to invest in companies positioned to benefit from further advances in the field of telemedicine and digital health. This includes companies involved in Telemedicine, Health Care Analytics, Connected Health Care Devices, and Administrative Digitization.

EDOC tracks the Solactive Telemedicine & Digital Health Index.

No, EDOC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EDOC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EDOC is -0.0184%. This is the percent change in the value of EDOC over the most recent 1-month period. The 3-month return on EDOC is 0.0028%. This is the percent change in the value of EDOC over the most recent 3-month period.

The standard deviation of EDOC for the past year is 0.3278%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EDOC include IXC, SMH, and IXN.

ETFs correlated to EDOC include XHE, VBK, and TARK.

ETFs that are inversely correlated to EDOC include SARK, HIBS, and WEBS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.