Correlation
The correlation between EKG and MDEV is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
EKG vs. MDEV
Compare and contrast key facts about First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) and First Trust Indxx Medical Devices ETF (MDEV).
EKG and MDEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EKG is a passively managed fund by First Trust that tracks the performance of the NASDAQ Lux Health Tech Index. It was launched on Mar 22, 2022. MDEV is a passively managed fund by First Trust that tracks the performance of the Indxx Global Medical Equipment Index. It was launched on Jun 22, 2021. Both EKG and MDEV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKG or MDEV.
Performance
EKG vs. MDEV - Performance Comparison
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Key characteristics
EKG:
0.30
MDEV:
-0.05
EKG:
0.53
MDEV:
-0.02
EKG:
1.07
MDEV:
1.00
EKG:
0.18
MDEV:
-0.05
EKG:
0.79
MDEV:
-0.27
EKG:
8.00%
MDEV:
6.46%
EKG:
25.88%
MDEV:
17.50%
EKG:
-43.82%
MDEV:
-42.34%
EKG:
-20.82%
MDEV:
-28.31%
Returns By Period
In the year-to-date period, EKG achieves a 0.54% return, which is significantly higher than MDEV's -2.29% return.
EKG
0.54%
7.68%
-5.81%
7.82%
3.21%
N/A
N/A
MDEV
-2.29%
0.46%
-6.85%
-0.84%
0.32%
N/A
N/A
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EKG vs. MDEV - Expense Ratio Comparison
EKG has a 0.65% expense ratio, which is lower than MDEV's 0.70% expense ratio.
Risk-Adjusted Performance
EKG vs. MDEV — Risk-Adjusted Performance Rank
EKG
MDEV
EKG vs. MDEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) and First Trust Indxx Medical Devices ETF (MDEV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
EKG vs. MDEV - Dividend Comparison
Neither EKG nor MDEV has paid dividends to shareholders.
Drawdowns
EKG vs. MDEV - Drawdown Comparison
The maximum EKG drawdown since its inception was -43.82%, roughly equal to the maximum MDEV drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for EKG and MDEV.
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Volatility
EKG vs. MDEV - Volatility Comparison
First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) has a higher volatility of 7.45% compared to First Trust Indxx Medical Devices ETF (MDEV) at 5.26%. This indicates that EKG's price experiences larger fluctuations and is considered to be riskier than MDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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