MDEV vs. IGLD
MDEV (First Trust Indxx Medical Devices ETF) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - MDEV is a Health & Biotech Equities fund tracking the Indxx Global Medical Equipment Index, while IGLD is a Precious Metals fund actively managed by First Trust. MDEV is passively managed, while IGLD is actively managed. Over the past 3 years, MDEV returned -2.86%/yr vs 23.01%/yr for IGLD. At a 0.18 correlation, their price movements are largely independent. MDEV charges 0.70%/yr vs 0.85%/yr for IGLD.
Performance
MDEV vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, MDEV achieves a -11.48% return, which is significantly lower than IGLD's 1.69% return.
MDEV
- 1D
- 0.04%
- 1M
- 1.54%
- YTD
- -11.48%
- 6M
- -12.29%
- 1Y
- -7.05%
- 3Y*
- -2.86%
- 5Y*
- —
- 10Y*
- —
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
MDEV vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MDEV First Trust Indxx Medical Devices ETF | -11.48% | 2.00% | 1.79% | 7.55% | -28.59% | 4.16% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 2.71% |
Correlation
The correlation between MDEV and IGLD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.18 |
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Return for Risk
MDEV vs. IGLD — Risk / Return Rank
MDEV
IGLD
MDEV vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Medical Devices ETF (MDEV) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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.
| MDEV | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.22 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.40 | -1.79 |
| Martin ratioReturn relative to average drawdown | -0.98 | 3.82 | -4.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDEV | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | 1.06 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | 0.94 | -1.26 |
Drawdowns
MDEV vs. IGLD - Drawdown Comparison
The maximum MDEV drawdown since its inception was -42.34%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for MDEV and IGLD.
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Drawdown Indicators
| MDEV | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.34% | -18.59% | -23.75% |
Max Drawdown (1Y)Largest decline over 1 year | -18.13% | -17.56% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -22.50% | -17.56% | -4.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.59% | — |
Current DrawdownCurrent decline from peak | -33.76% | -15.16% | -18.60% |
Average DrawdownAverage peak-to-trough decline | -25.65% | -5.24% | -20.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.22% | 6.43% | +0.79% |
Volatility
MDEV vs. IGLD - Volatility Comparison
The current volatility for First Trust Indxx Medical Devices ETF (MDEV) is 4.60%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.12%. This indicates that MDEV experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDEV | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 5.12% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 21.01% | -9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 23.24% | -7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 15.17% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 15.00% | +3.98% |
MDEV vs. IGLD - Expense Ratio Comparison
MDEV has a 0.70% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
MDEV vs. IGLD - Dividend Comparison
MDEV has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 17.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
MDEV First Trust Indxx Medical Devices ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MDEV and IGLD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.12%) compared to MDEV (4.60%). In terms of maximum drawdown, MDEV dropped -42.34% vs IGLD's -18.59%.
On 3-year performance, IGLD leads with 23.01% vs -2.86% for MDEV. On fees, MDEV is cheaper at 0.70% per year. On volatility, MDEV has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IGLD has performed better with a 23.01% return vs -2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MDEV is cheaper with a 0.70% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 0.00% for MDEV.
MDEV is categorized as Health & Biotech Equities, while IGLD is Precious Metals. Their fees differ too: 0.70% for MDEV and 0.85% for IGLD.
IGLD currently has the higher Sharpe Ratio (1.06 vs -0.44), 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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