XHE vs. MDEV
Compare and contrast key facts about SPDR S&P Health Care Equipment ETF (XHE) and First Trust Indxx Medical Devices ETF (MDEV).
XHE and MDEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHE is a passively managed fund by State Street that tracks the performance of the S&P Health Care Equipment Select Industry Index. It was launched on Jan 26, 2011. 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 XHE 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: XHE or MDEV.
Key characteristics
| XHE | MDEV | |
|---|---|---|
| YTD Return | 9.89% | 6.87% |
| 1Y Return | 36.72% | 27.20% |
| 3Y Return (Ann) | -10.18% | -6.78% |
| Sharpe Ratio | 1.65 | 1.77 |
| Sortino Ratio | 2.41 | 2.60 |
| Omega Ratio | 1.29 | 1.31 |
| Calmar Ratio | 0.68 | 0.64 |
| Martin Ratio | 10.72 | 6.87 |
| Ulcer Index | 3.11% | 3.67% |
| Daily Std Dev | 20.24% | 14.23% |
| Max Drawdown | -49.92% | -42.34% |
| Current Drawdown | -30.51% | -22.97% |
Correlation
The correlation between XHE 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
XHE vs. MDEV - Performance Comparison
In the year-to-date period, XHE achieves a 9.89% return, which is significantly higher than MDEV's 6.87% 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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XHE vs. MDEV - Expense Ratio Comparison
XHE has a 0.35% expense ratio, which is lower than MDEV's 0.70% expense ratio.
Risk-Adjusted Performance
XHE vs. MDEV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Health Care Equipment ETF (XHE) 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
XHE vs. MDEV - Dividend Comparison
XHE's dividend yield for the trailing twelve months is around 0.04%, while MDEV has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHE SPDR S&P Health Care Equipment ETF | 0.04% | 0.03% | 0.04% | 0.00% | 0.00% | 0.05% | 0.09% | 0.78% | 0.17% | 7.22% | 1.83% | 0.19% |
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
XHE vs. MDEV - Drawdown Comparison
The maximum XHE drawdown since its inception was -49.92%, which is greater than MDEV's maximum drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for XHE and MDEV. For additional features, visit the drawdowns tool.
Volatility
XHE vs. MDEV - Volatility Comparison
SPDR S&P Health Care Equipment ETF (XHE) has a higher volatility of 4.73% compared to First Trust Indxx Medical Devices ETF (MDEV) at 3.51%. This indicates that XHE's price experiences larger fluctuations and is considered to be riskier than MDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.