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MDEV

GradeDChicago Board Options Exchange

First Trust Indxx Medical Devices ETF

Sectors · First Trust · Inception 2021-06-22 · SEC filings

$20.66−0.14 (−0.68%)

As of Sep 23, 2026, 11:48 AM EDT

Intraday session: down, 4 prints from 20.80 to 20.66. Range 20.66 to 20.80. Use the arrow keys to read each point.$20.70$20.75$20.8010 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$3M
1Y return
+2.9%
Yield · Last 12 months
Data unavailable
Holdings
50
Volume · 30D
0M sh
NAV per share
$20.72
52W range
low $17.85high $21.82

The ETF.net MDEV Grade

D

34/ 100

Rank 20 of 25 in Health Care (Broad)⁠

Confidence High

Six-pillar profile for MDEV. Scores out of 100: Cost 29, Risk 37, Mission 72, Tradability 15, Holdings 79, Durability 24. Strongest: Holdings (79). Weakest: Tradability (15). Leans toward Holdings.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 34 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned34This cap took−0Published score34 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 29
    Category rank18/25 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 72
    Category rank7/11 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 37
    Category rank18/24 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 15
    Category rank23/25 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 79
    Category rank6/25 · top 24%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 24
    Category rank22/25 · bottom quartile

Graded as of Sep 22, 2026

Our read on MDEV

ETF.net Research

DMedical devices, worldwide and evenly sliced. MDEV tracks a global index of roughly 50 device and equipment makers in similar-sized weights, so a mid-cap scanner or surgical-robot maker counts about as much as the household-name giants.

Stated mandate

The Fund seeks to track the performance of the Indxx Medical Devices Index before fees and expenses, using an indexing approach.

Why people hold it

  1. 01Pure play by design: the index covers the medical equipment industry only, and at least 80% of net assets go into its constituents. No pharma or insurers riding along.money.usnews.com
  2. 02Equal weighting keeps one mega-cap from running the show. About 50 device names get similar-sized slices, pushing real weight toward the mid-sized makers.public.comrobinhood.com
  3. 03Global by mandate, not US-only: the fund holds common stocks and depositary receipts from device makers listed outside the States, using plain physical index replication.businesswire.commoney.usnews.com

Worth knowing

  1. 01At 0.70% a year, it costs more than the typical global thematic fund, and well above cheaper cohort names like PBPH (0.13%) or UFOX (0.30%).
  2. 02Small and thinly traded: spreads can run wide, and sub-scale funds face a higher chance of closure or merger than their bigger shelf-mates.
  3. 03One industry, about 50 stocks. Reimbursement rules, hospital budgets and regulators move the whole basket at once, and payouts come once or twice a year.

MDEV Holdings

As of Sep 20, 2026, 2:55 PM
Asset class
Stocks
Holdings
50
Top-10 weight
27%
Largest holding
RVTY3.1%

Sectors

  • Health Care100.0%

Geography

  • United States55.51%
  • Japan8.60%
  • Switzerland6.01%
  • Denmark4.69%
  • China4.42%
  • Germany4.02%
  • United Kingdom3.96%
  • Ireland3.79%
  • Other countries (4)9.00%

Developed 90% · Emerging 10% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001RVTYRevvity, Inc.3.05%657$94K92
0022359.HKWuXi AppTec Co., Ltd. (Class H)2.95%3,577$91K94
003DEMANT.CODemant A/S2.84%1,896$88K72
004WSTWest Pharmaceutical Services, Inc.2.69%229$83K287
005DXCMDexCom, Inc.2.67%921$82K365
0066869.TSysmex Corporation2.63%6,834$81K63
007AAgilent Technologies, Inc.2.60%513$80K311
008BIOBio-Rad Laboratories, Inc. (Class A)2.57%211$79K144
009BAXBaxter International Inc.2.54%3,441$78K187
010WATWaters Corporation2.51%184$78K277
0117733.TOlympus Corporation2.50%6,040$77K104
012TMOThermo Fisher Scientific Inc.2.49%118$77K369
013MMSIMerit Medical Systems, Inc.2.39%864$74K136
014LIVNLivaNova Plc2.38%940$73K129
015SOON.SWSonova Holding AG (Registered)2.33%255$72K114

Showing 1–15 of 52 holdings

MDEV Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MDEV$10,289
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MDEV $10,289. SPY $11,723. Use the arrow keys to read each point.$8,690$10,340$11,989Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MDEV. Periods over one year show the average yearly return.
PeriodMDEV
Year to date−0.7%
1 month−4.0%
3 months+12.7%
1 year+2.9%
3 years+4.7%per year
5 years−5.4%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MDEV
YearReturn barMDEV
2026 YTD−0.7%
2025+2.0%
2024+1.8%
2023+7.6%
2022−28.6%
2021+3.8%

History from Jun 24, 2021

MDEV in the news

ETF.net Research hasn’t filed on MDEV yet — coverage lands here as it’s written.

MDEV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 25, 2026 $0.02. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.02

MDEV Risk

How much the fund’s monthly returns vary, scaled to a year.
16.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.02
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−41.9%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.90
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MDEV Cost

Expense ratio0.70%
  • The middle half of Health Care (Broad) funds
  • Median 0.50%

17 of the 25 Health Care (Broad) funds charge less.

MDEV costs $70.00 a year on $10,000. The median Health Care (Broad) fund costs $50.00.