FXH vs. MDEV
Compare and contrast key facts about First Trust Health Care AlphaDEX Fund (FXH) and First Trust Indxx Medical Devices ETF (MDEV).
FXH and MDEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXH is a passively managed fund by First Trust that tracks the performance of the StrataQuant Health Care Index. It was launched on May 8, 2007. 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 FXH 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: FXH or MDEV.
Key characteristics
| FXH | MDEV | |
|---|---|---|
| YTD Return | 9.20% | 7.02% |
| 1Y Return | 23.44% | 26.67% |
| 3Y Return (Ann) | -2.13% | -6.59% |
| Sharpe Ratio | 1.93 | 1.94 |
| Sortino Ratio | 2.73 | 2.84 |
| Omega Ratio | 1.33 | 1.34 |
| Calmar Ratio | 0.87 | 0.70 |
| Martin Ratio | 8.26 | 7.46 |
| Ulcer Index | 2.96% | 3.67% |
| Daily Std Dev | 12.66% | 14.15% |
| Max Drawdown | -43.70% | -42.34% |
| Current Drawdown | -11.33% | -22.86% |
Correlation
The correlation between FXH and MDEV is 0.85, 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.
Performance
FXH vs. MDEV - Performance Comparison
In the year-to-date period, FXH achieves a 9.20% return, which is significantly higher than MDEV's 7.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FXH vs. MDEV - Expense Ratio Comparison
FXH has a 0.61% expense ratio, which is lower than MDEV's 0.70% expense ratio.
Risk-Adjusted Performance
FXH vs. MDEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Health Care AlphaDEX Fund (FXH) 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.
Dividends
FXH vs. MDEV - Dividend Comparison
FXH's dividend yield for the trailing twelve months is around 0.42%, while MDEV has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXH First Trust Health Care AlphaDEX Fund | 0.42% | 0.24% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
MDEV First Trust Indxx Medical Devices ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXH vs. MDEV - Drawdown Comparison
The maximum FXH drawdown since its inception was -43.70%, roughly equal to the maximum MDEV drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for FXH and MDEV. For additional features, visit the drawdowns tool.
Volatility
FXH vs. MDEV - Volatility Comparison
First Trust Health Care AlphaDEX Fund (FXH) and First Trust Indxx Medical Devices ETF (MDEV) have volatilities of 3.52% and 3.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.