- ISIN
- US33738R6392
- Issuer
- First Trust
- Inception Date
- Jun 22, 2021
- Region
- Global (Broad)
- Category
- Health & Biotech Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Indxx Global Medical Equipment Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $2M
Share Price Chart
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Performance
MDEV Performance Chart
First Trust Indxx Medical Devices ETF (MDEV) is down 11.9% since the beginning of the year. MDEV is currently trading at $18 per share. Investors who bought $1,000 worth of MDEV shares 5 years ago would now be looking at an investment worth $732.
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Returns By Period
First Trust Indxx Medical Devices ETF (MDEV) has returned -11.87% so far this year and -7.58% over the past 12 months.
First Trust Indxx Medical Devices ETF
- 1D
- -0.70%
- 1M
- -1.74%
- YTD
- -11.87%
- 6M
- -12.66%
- 1Y
- -7.58%
- 3Y*
- -3.46%
- 5Y*
- -6.05%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MDEV Monthly Returns History
Based on dividend-adjusted daily data since Jun 23, 2021, MDEV's average daily return is -0.02%, while the average monthly return is -0.36%.
Historically, 49% of months were positive and 51% were negative. The best month was Nov 2023 with a return of +11.8%, while the worst month was Jan 2022 at -13.4%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MDEV closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +7.8%, while the worst single day was Apr 4, 2025 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.52% | 0.13% | -9.05% | -2.52% | 2.12% | -2.26% | -11.87% | ||||||
| 2025 | 7.79% | -6.15% | -3.13% | -0.74% | 0.45% | 2.30% | -3.73% | 3.46% | -2.49% | 2.60% | 4.36% | -1.86% | 2.00% |
| 2024 | -0.39% | 2.98% | 3.25% | -6.31% | 1.60% | -2.48% | 2.86% | 6.16% | 2.64% | -4.85% | 1.85% | -4.67% | 1.79% |
| 2023 | 6.45% | -3.81% | 5.87% | 3.55% | -6.47% | 6.31% | -0.39% | -6.12% | -8.00% | -7.64% | 11.84% | 8.45% | 7.55% |
| 2022 | -13.44% | -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 | 0.59% | 4.53% | 2.24% | -4.72% | 1.56% | -4.28% | 4.27% | 3.83% |
Benchmark Metrics
First Trust Indxx Medical Devices ETF has an annualized alpha of -14.44%, beta of 0.86, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since June 23, 2021.
- This ETF participated in 136.45% of S&P 500 Index downside but only 65.62% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -14.44% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.86 and R2 of 0.60, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -14.44%
- Beta
- 0.86
- R²
- 0.60
- Upside Capture
- 65.62%
- Downside Capture
- 136.45%
Expense Ratio
MDEV has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MDEV ranks 5 for risk / return — in the bottom 5% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Indxx Medical Devices ETF (MDEV) and compare them to S&P 500 Index.
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.
| MDEV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.37 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.78 | -3.20 |
| Martin ratioReturn relative to average drawdown | -0.97 | 12.44 | -13.41 |
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.
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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 34.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -42.34%Sep 2022 | 1y 19d | — | 4y 9moSep 2021 - now |
2021 pullback2021 | -2.81%Aug 2021 | 5d | 13d | 18dAug 2021 - Aug 2021 |
2021 pullback2021 | -2.06%Jul 2021 | 11d | 3d | 14dJul 2021 - Jul 2021 |
2021 pullback2021 | -0.92%Jul 2021 | 0s | 2d | 2dJul 2021 - Jul 2021 |
2021 pullback2021 | -0.91%Jul 2021 | 1d | 6d | 7dJun 2021 - Jul 2021 |
Drawdown Indicators
| MDEV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.34% | -56.78% | +14.44% |
Max Drawdown (1Y)Largest decline over 1 year | -18.13% | -9.10% | -9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -22.50% | -18.90% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -42.34% | -25.43% | -16.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -34.04% | -1.80% | -32.24% |
Average DrawdownAverage peak-to-trough decline | -25.70% | -10.71% | -14.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.82% | 2.03% | +5.79% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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