MDEV vs. IBIC
MDEV (First Trust Indxx Medical Devices ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - MDEV is a Health & Biotech Equities fund tracking the Indxx Global Medical Equipment Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, MDEV returned -7.87% vs 4.42% for IBIC. At a correlation of -0.00, they often move in opposite directions. MDEV charges 0.70%/yr vs 0.10%/yr for IBIC.
Performance
MDEV vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, MDEV achieves a -11.56% return, which is significantly lower than IBIC's 2.43% return.
MDEV
- 1D
- 0.35%
- 1M
- -1.40%
- YTD
- -11.56%
- 6M
- -12.11%
- 1Y
- -7.87%
- 3Y*
- -3.34%
- 5Y*
- -6.04%
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MDEV vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MDEV First Trust Indxx Medical Devices ETF | -11.56% | 2.00% | 1.79% | 6.51% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between MDEV and IBIC is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.00 |
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Return for Risk
MDEV vs. IBIC — Risk / Return Rank
MDEV
IBIC
MDEV vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Medical Devices ETF (MDEV) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.48 | ||
| Sortino ratioReturn per unit of downside risk | -9.57 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 2.22 | -1.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 16.56 | -17.00 |
| Martin ratioReturn relative to average drawdown | -1.00 | 58.67 | -59.67 |
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Drawdowns
MDEV vs. IBIC - Drawdown Comparison
The maximum MDEV drawdown since its inception was -42.34%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for MDEV and IBIC.
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Drawdown Indicators
| MDEV | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.34% | -0.90% | -41.44% |
Max Drawdown (1Y)Largest decline over 1 year | -18.13% | -0.27% | -17.86% |
Max Drawdown (3Y)Largest decline over 3 years | -22.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.34% | — | — |
Current DrawdownCurrent decline from peak | -33.81% | -0.08% | -33.73% |
Average DrawdownAverage peak-to-trough decline | -25.71% | -0.10% | -25.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 0.08% | +7.79% |
Volatility
MDEV vs. IBIC - Volatility Comparison
First Trust Indxx Medical Devices ETF (MDEV) has a higher volatility of 4.27% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that MDEV's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDEV | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 0.17% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 0.67% | +11.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 0.89% | +15.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 1.56% | +17.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 1.56% | +17.39% |
MDEV vs. IBIC - Expense Ratio Comparison
MDEV has a 0.70% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
MDEV vs. IBIC - Dividend Comparison
MDEV has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.58%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% |
MDEV First Trust Indxx Medical Devices ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MDEV and IBIC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDEV has higher volatility (4.27%) compared to IBIC (0.17%). In terms of maximum drawdown, MDEV dropped -42.34% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -7.87% for MDEV. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.42% return vs -7.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.70% for MDEV.
IBIC has the higher dividend yield at 3.58%, compared with 0.00% for MDEV.
MDEV is categorized as Health & Biotech Equities, while IBIC is Inflation-Protected Bonds. MDEV tracks Indxx Global Medical Equipment Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for MDEV and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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