First Trust Indxx Medical Devices ETF (MDEV)
MDEV is a passive ETF by First Trust tracking the investment results of the Indxx Global Medical Equipment Index. MDEV launched on Jun 22, 2021 and has a 0.70% expense ratio.
ETF Info
| ISIN | US33738R6392 |
|---|---|
| Issuer | First Trust |
| Inception Date | Jun 22, 2021 |
| Region | Global (Broad) |
| Category | Health & Biotech Equities |
| Leveraged | 1x |
| Index Tracked | Indxx Global Medical Equipment Index |
| Home Page | www.ftportfolios.com |
| Asset Class | Equity |
Expense Ratio
MDEV features an expense ratio of 0.70%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Indxx Medical Devices ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Indxx Medical Devices ETF had a return of 5.47% year-to-date (YTD) and 19.80% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.47% | 25.48% |
| 1 month | -3.82% | 2.14% |
| 6 months | 0.56% | 12.76% |
| 1 year | 19.80% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of MDEV, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.39% | 2.98% | 3.25% | -6.31% | 1.60% | -2.48% | 2.86% | 6.16% | 2.63% | -4.85% | 5.47% | ||
| 2023 | 6.45% | -3.81% | 5.87% | 3.55% | -6.47% | 6.31% | -0.40% | -6.12% | -8.00% | -7.64% | 11.85% | 8.45% | 7.56% |
| 2022 | -13.45% | -1.14% | -0.14% | -12.35% | 1.02% | -8.86% | 8.24% | -8.28% | -9.50% | 5.22% | 10.28% | -0.66% | -28.59% |
| 2021 | 0.92% | 4.53% | 2.24% | -4.72% | 1.56% | -4.28% | 4.27% | 4.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MDEV is 44, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Indxx Medical Devices ETF (MDEV) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Indxx Medical Devices ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Indxx Medical Devices ETF was 42.34%, occurring on Sep 27, 2022. The portfolio has not yet recovered.
The current First Trust Indxx Medical Devices ETF drawdown is 23.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.34% | Sep 8, 2021 | 266 | Sep 27, 2022 | — | — | — |
| -2.81% | Aug 6, 2021 | 4 | Aug 11, 2021 | 9 | Aug 24, 2021 | 13 |
| -2.06% | Jul 8, 2021 | 8 | Jul 19, 2021 | 3 | Jul 22, 2021 | 11 |
| -0.92% | Jul 26, 2021 | 1 | Jul 26, 2021 | 2 | Jul 28, 2021 | 3 |
| -0.91% | Jun 30, 2021 | 2 | Jul 1, 2021 | 3 | Jul 7, 2021 | 5 |
Volatility
Volatility Chart
The current First Trust Indxx Medical Devices ETF volatility is 3.39%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.