HI JJ,
First off, I am not aware of any ETF that current tracks virtual health care. I'll do some research, but don't believe anything exists.
In terms of the two stocks - we like them both. Would we jump in with both feet at these prices? No. We actually just created two custom reports - one on each. I suggest you have a read of them. In terms of valuation, WELL is the most expensive whereas DOC seems the best priced based on forward potential. If both companies meet lofty expectations, investors will be well rewarded buying at these prices despite the runup.
The key for both companies will be execution and meeting expectations. They are now priced to deliver, if they fail to do so there can be a material share price correction. Both are highly volatile and are subject to big swings. With these types of companies, we always suggest averaging into a position. That means buying half or a third of a position, then buying the remainder of the position at a later date(s).
Bottom line, these clearly don't provide the same level of value they once did. However, only two weeks ago DOC traded below $2.00 which we considered to be excellent value (check our watchlist for suggested buy targets). In fact just two weeks ago, most stocks on our watchlist were below our buy targets but today, they are all above. Things have been moving extremely fast in these markets. It is also why these companies are not for the low risk investor - they need to have a high risk tolerance for volatility.
All this said - if your goal is 10 years from now, you'll likely do quite well with either of these companies.
Of note, I am long both WELL, DOC and NEWU in the space.
Mat