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MDEV vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MDEV and QQQ is 0.76, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

MDEV vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Medical Devices ETF (MDEV) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%NovemberDecember2025FebruaryMarchApril
-21.31%
39.19%
MDEV
QQQ

Key characteristics

Sharpe Ratio

MDEV:

-0.11

QQQ:

0.47

Sortino Ratio

MDEV:

-0.04

QQQ:

0.82

Omega Ratio

MDEV:

1.00

QQQ:

1.11

Calmar Ratio

MDEV:

-0.05

QQQ:

0.52

Martin Ratio

MDEV:

-0.32

QQQ:

1.79

Ulcer Index

MDEV:

5.96%

QQQ:

6.64%

Daily Std Dev

MDEV:

17.32%

QQQ:

25.28%

Max Drawdown

MDEV:

-42.34%

QQQ:

-82.98%

Current Drawdown

MDEV:

-29.10%

QQQ:

-12.28%

Returns By Period

In the year-to-date period, MDEV achieves a -3.37% return, which is significantly higher than QQQ's -7.43% return.


MDEV

YTD

-3.37%

1M

-2.33%

6M

-7.69%

1Y

-1.32%

5Y*

N/A

10Y*

N/A

QQQ

YTD

-7.43%

1M

-1.88%

6M

-4.30%

1Y

10.31%

5Y*

17.80%

10Y*

16.72%

*Annualized

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MDEV vs. QQQ - Expense Ratio Comparison

MDEV has a 0.70% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Expense ratio chart for MDEV: current value is 0.70%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MDEV: 0.70%
Expense ratio chart for QQQ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQ: 0.20%

Risk-Adjusted Performance

MDEV vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDEV
The Risk-Adjusted Performance Rank of MDEV is 1616
Overall Rank
The Sharpe Ratio Rank of MDEV is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of MDEV is 1515
Sortino Ratio Rank
The Omega Ratio Rank of MDEV is 1515
Omega Ratio Rank
The Calmar Ratio Rank of MDEV is 1818
Calmar Ratio Rank
The Martin Ratio Rank of MDEV is 1515
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5959
Overall Rank
The Sharpe Ratio Rank of QQQ is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5959
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5959
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6565
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5757
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MDEV vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Medical Devices ETF (MDEV) and Invesco QQQ (QQQ). 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.


The chart of Sharpe ratio for MDEV, currently valued at -0.11, compared to the broader market-1.000.001.002.003.004.00
MDEV: -0.11
QQQ: 0.47
The chart of Sortino ratio for MDEV, currently valued at -0.04, compared to the broader market-2.000.002.004.006.008.00
MDEV: -0.04
QQQ: 0.82
The chart of Omega ratio for MDEV, currently valued at 1.00, compared to the broader market0.501.001.502.002.50
MDEV: 1.00
QQQ: 1.11
The chart of Calmar ratio for MDEV, currently valued at -0.05, compared to the broader market0.002.004.006.008.0010.0012.00
MDEV: -0.05
QQQ: 0.52
The chart of Martin ratio for MDEV, currently valued at -0.32, compared to the broader market0.0020.0040.0060.00
MDEV: -0.32
QQQ: 1.79

The current MDEV Sharpe Ratio is -0.11, which is lower than the QQQ Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of MDEV and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.11
0.47
MDEV
QQQ

Dividends

MDEV vs. QQQ - Dividend Comparison

MDEV has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.63%.


TTM20242023202220212020201920182017201620152014
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%
QQQ
Invesco QQQ
0.63%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

MDEV vs. QQQ - Drawdown Comparison

The maximum MDEV drawdown since its inception was -42.34%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MDEV and QQQ. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-29.10%
-12.28%
MDEV
QQQ

Volatility

MDEV vs. QQQ - Volatility Comparison

The current volatility for First Trust Indxx Medical Devices ETF (MDEV) is 11.97%, while Invesco QQQ (QQQ) has a volatility of 16.86%. This indicates that MDEV experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
11.97%
16.86%
MDEV
QQQ