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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.
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Returns By Period
First Trust Indxx Medical Devices ETF (MDEV) has returned -9.41% so far this year and -5.71% over the past 12 months.
First Trust Indxx Medical Devices ETF
- 1D
- 2.23%
- 1M
- -9.05%
- YTD
- -9.41%
- 6M
- -4.81%
- 1Y
- -5.71%
- 3Y*
- -2.27%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 23, 2021, MDEV's average daily return is -0.02%, while the average monthly return is -0.33%.
Historically, 50% of months were positive and 50% 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% | -9.41% | |||||||||
| 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 | 0.92% | 4.53% | 2.24% | -4.72% | 1.56% | -4.28% | 4.27% | 4.16% |
Benchmark Metrics
First Trust Indxx Medical Devices ETF has an annualized alpha of -12.51%, beta of 0.87, and R² of 0.62 versus S&P 500 Index. Calculated based on daily prices since June 24, 2021.
- This ETF participated in 135.99% of S&P 500 Index downside but only 75.48% of its upside — more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -12.51% versus S&P 500 Index — delivering less than market exposure alone would predict.
- With beta of 0.87 and R² of 0.62, 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
- -12.51%
- Beta
- 0.87
- R²
- 0.62
- Upside Capture
- 75.48%
- Downside Capture
- 135.99%
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 a chosen benchmark (S&P 500 Index).
| MDEV | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 0.90 | -1.20 |
Sortino ratioReturn per unit of downside risk | -0.31 | 1.39 | -1.70 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.21 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.37 | 1.40 | -1.77 |
Martin ratioReturn relative to average drawdown | -1.17 | 6.61 | -7.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore MDEV risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
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 32.20%.
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 chart below shows the rolling one-month volatility.
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