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MDEVvsBMEDETF Comparison

ETF 1
MDEV

First Trust Indxx Medical Devices ETF

This fund is part of
Healthcare Technology
-0.07%
Full MDEV fund page
VS
ETF 2
BMED

iShares Health Innovation Active ETF

This fund is part of
Healthcare Technology
-0.07%
Full BMED fund page

First Trust Indxx Medical Devices ETF (MDEV) and iShares Health Innovation Active ETF (BMED) belong to the same industry segment: Healthcare Technology. Both ETFs have the same top 3 sector exposures: and Health Care. MDEV is less expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.77% for BMED. MDEV is down -9.65% year-to-date (YTD) with - in YTD flows. BMED performs better with -5.49% YTD performance, and +$4M in YTD flows. Run a side-by-side ETF comparison of MDEV and BMED below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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MDEV vs BMED performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.0%Feb 12Feb 20Feb 27Mar 6Mar 13

Cumulative Flows

0 M0.2 M0.4 M0.6 M0.8 M1 M1.2 MFeb 12Feb 20Feb 27Mar 6Mar 13

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/12/2026
1M3MYTD1Y3Y5Y
Perf.
MDEV
BMED
-7.17%-6.03%
-10.08%-5.68%
-9.65%-5.49%
-5.78%+16.79%
-1.29%+27.36%
n/a-1.83%
Flows
MDEV
BMED
-+$1M
-+$4M
-+$4M
+$0K+$7M
-$228K+$4M
-+$5M
Volatility and drawdown
3M1Y3Y5Y
Volatility
MDEV
BMED
+13.97%+15.26%
+18.29%+17.92%
+15.82%+15.51%
n/a+17.58%
Max drawdown
MDEV
BMED
-13.00%-10.40%
-13.00%-14.01%
-23.75%-19.76%
n/a-33.96%
Max drawdown duration
MDEV
BMED
65d50d
65d113d
317d237d
n/a1586d
Trading data

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MDEV
BMED
Last sale
3/13/2026 at 1:30 PM
$18.83
$28.63
Previous close
03/12/2026
$18.96
$28.78
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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BMED
is actively managed and doesn’t replicate an index

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MDEV
BMED
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
MDEV
BMED
Last price
$18.83
$28.63
1D performance
-0.68%
-0.52%
AuM$1.90 M$10.31 M
E/R0.7%0.77%
Characteristics
MDEV
BMED
Management strategyPassiveActive
ProviderFirst TrustiShares
BenchmarkIndxx Global Medical Equipment Index-
N° of holdings48110
Asset classEquities-
Trailing 12m distribution yield
Join
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Inception dateJune 23, 2021September 29, 2020
ESGNoNo
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Exposure

Countries

MDEV
USA
60.34%
Japan
7.19%
Other
32.47%
BMED
USA
79.87%
Other
20.13%

Sectors

MDEV
Health Care
93.36%
Other
6.64%
BMED
Health Care
87.16%
Other
12.84%
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Diversification

MDEV

Total weight of top 15 holdings out of 15

35.61%
BMED

Total weight of top 15 holdings out of 15

38.18%

Top 15 holdings

Data as of January 31, 2026
MDEV
EXACT SCIENCES
3.35%
GLOBUS MEDICAL
3.06%
PENUMBRA
2.62%
ALIGN TECHNOLOGY
2.47%
PERKINELMER
2.35%
HOYA
2.35%
US2166485019
2.27%
INTUITIVE SURGICAL
2.24%
FISHER PAYKEL
2.15%
DEXCOM
2.14%
ALCON INC
2.13%
WATERS
2.13%
STERIS
2.12%
US36266G1076
2.12%
HOLOGIC
2.11%
BMED
JOHNSON&JOHNSON
3.55%
GILEAD SCIENCES
3.01%
EXACT SCIENCES
2.93%
MEDTRONIC PLC
2.85%
US0669224778
2.70%
GUARDANT HEALTH INC
2.65%
MERCK & CO INC
2.60%
ROCHE
2.60%
EDWARDS LIFESCIENCES
2.45%
MODERNA INC
2.34%
IQVIA HOLDINGS INC
2.26%
NOVARTIS
2.11%
NATERA
2.08%
BIOGEN INC
2.05%
GENMAB
2.00%
Frequently asked questions about MDEV and BMED

How have the MDEV and BMED ETFs performed in 2026?

As of March 12, 2026, MDEV is down -9.65% year-to-date (YTD), while BMED has lost -5.49%. That puts BMED better performer ahead so far this year.

Which ETF is attracting more investor money: MDEV or BMED?

Year-to-date, the MDEV ETF saw - in flows, compared to +$4M for BMED.

Which ETF is more volatile: MDEV or BMED?

Over the past year, MDEV had a volatility of 18.29%, while BMED experienced 17.92%.

Which ETF is bigger: MDEV or BMED?

As of March 12, 2026, MDEV holds $1.90 M in assets under management (AUM), while BMED manages $10.31 M.

What sectors do the MDEV and BMED ETFs invest in?

MDEV leans toward sectors like Health Care. Meanwhile, BMED focuses on Health Care.

What are the top holdings of the MDEV ETF and BMED ETF?

MDEV top holdings include EXACT SCIENCES, GLOBUS MEDICAL and PENUMBRA. BMED holds in its top three: JOHNSON&JOHNSON, GILEAD SCIENCES and EXACT SCIENCES.

Which ETF is more diversified: MDEV or BMED?

MDEV holds 49 securities with 35.61% of its assets in the top 15. BMED has 144 securities and a top 15 weight of 38.18%.

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