MDEV vs. VGHAX
Compare and contrast key facts about First Trust Indxx Medical Devices ETF (MDEV) and Vanguard Health Care Fund Admiral Shares (VGHAX).
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. VGHAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MDEV or VGHAX.
Key characteristics
| MDEV | VGHAX | |
|---|---|---|
| YTD Return | 6.87% | 4.51% |
| 1Y Return | 27.20% | 11.54% |
| 3Y Return (Ann) | -6.78% | -2.38% |
| Sharpe Ratio | 1.77 | 0.84 |
| Sortino Ratio | 2.60 | 1.22 |
| Omega Ratio | 1.31 | 1.15 |
| Calmar Ratio | 0.64 | 0.53 |
| Martin Ratio | 6.87 | 2.76 |
| Ulcer Index | 3.67% | 3.54% |
| Daily Std Dev | 14.23% | 11.59% |
| Max Drawdown | -42.34% | -45.79% |
| Current Drawdown | -22.97% | -9.25% |
Correlation
The correlation between MDEV and VGHAX is 0.77, 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
MDEV vs. VGHAX - Performance Comparison
In the year-to-date period, MDEV achieves a 6.87% return, which is significantly higher than VGHAX's 4.51% 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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MDEV vs. VGHAX - Expense Ratio Comparison
MDEV has a 0.70% expense ratio, which is higher than VGHAX's 0.25% expense ratio.
Risk-Adjusted Performance
MDEV vs. VGHAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Medical Devices ETF (MDEV) and Vanguard Health Care Fund Admiral Shares (VGHAX). 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
MDEV vs. VGHAX - Dividend Comparison
MDEV has not paid dividends to shareholders, while VGHAX's dividend yield for the trailing twelve months is around 0.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGHAX Vanguard Health Care Fund Admiral Shares | 0.87% | 0.89% | 0.83% | 0.91% | 0.93% | 1.22% | 1.28% | 1.06% | 1.06% | 1.24% | 1.05% | 1.32% |
Drawdowns
MDEV vs. VGHAX - Drawdown Comparison
The maximum MDEV drawdown since its inception was -42.34%, smaller than the maximum VGHAX drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for MDEV and VGHAX. For additional features, visit the drawdowns tool.
Volatility
MDEV vs. VGHAX - Volatility Comparison
First Trust Indxx Medical Devices ETF (MDEV) has a higher volatility of 3.51% compared to Vanguard Health Care Fund Admiral Shares (VGHAX) at 3.12%. This indicates that MDEV's price experiences larger fluctuations and is considered to be riskier than VGHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.