MDEVvsBMEDETF Comparison
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First Trust Indxx Medical Devices ETF (MDEV) and iShares Health Innovation Active ETF (BMED) belong to the same industry segment: Healthcare Technology. MDEV's top 1 sector exposures are Healthcare. In contrast, BMED's top sector exposures are Healthcare and Non-Corporate. MDEV is less expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.77% for BMED. MDEV is down -2.08% year-to-date (YTD) with +$994K in YTD flows. BMED performs better with 11.12% YTD performance, and +$5M 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
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MDEV BMED | -3.05%+3.42% | +9.45%+17.85% | -2.08%+11.12% | +1.29%+28.28% | +9.38%+44.84% | -25.22%+10.97% |
| Flows | MDEV BMED | -- | +$994K+$1M | +$994K+$5M | +$994K+$7M | +$767K+$7M | -$24M+$6M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDEV BMED | +17.32%+21.55% | +16.31%+17.42% | +16.40%+16.68% | +19.25%+18.05% |
| Max drawdown | MDEV BMED | -6.88%-5.85% | -18.07%-14.71% | -20.26%-19.76% | -41.66%-32.96% |
| Max drawdown duration | MDEV BMED | 23d22d | 252d196d | 593d237d | 1818d1523d |
Trading data
MDEV | BMED | |
Last sale 9/16/2026 at 1:30 PM | $20.44 | $33.56 |
| Previous close 09/16/2026 | $20.38 | $33.32 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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BMED
is actively managed and doesn’t replicate an indexMDEV | 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 9/16/2026 at 1:30 PM
Live
Closed
MDEV | BMED | |
|---|---|---|
| Last price | $20.44 | $33.56 |
| 1D performance | +0.27% | +0.74% |
| AuM | $3.09 M | $13.42 M |
| E/R | 0.7% | 0.77% |
Characteristics
MDEV | BMED | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | iShares |
| Benchmark | Indxx Global Medical Equipment Index | - |
| N° of holdings | 47 | 54 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 23, 2021 | September 29, 2020 |
| ESG | No | No |
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Exposure
Countries
MDEV
USA
55.07%
Japan
8.74%
Other
36.19%
BMED
USA
86.04%
Other
13.96%
Sectors
MDEV
Healthcare
95.98%
Other
4.02%
BMED
Healthcare
95.7%
Other
4.3%
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Diversification
MDEV
Total weight of top 15 holdings out of 15
37.67%
BMED
Total weight of top 15 holdings out of 15
56.15%
Top 15 holdings
Data as of July 31, 2026
MDEV
WuXi AppTec Co., Ltd.
2.91%
Baxter International, Inc.
2.82%
Demant A/S
2.62%
DexCom, Inc.
2.57%
Olympus Corp.
2.55%
Sysmex Corp.
2.54%
Revvity, Inc.
2.53%
West Pharmaceutical Services, Inc.
2.51%
Agilent Technologies, Inc.
2.48%
Bio-Rad Laboratories, Inc.
2.46%
Merit Medical Systems, Inc.
2.42%
Sonova Holding AG
2.38%
Waters Corp.
2.31%
Thermo Fisher Scientific, Inc.
2.29%
LivaNova Plc
2.28%
BMED
Merck & Co., Inc.
5.85%
Gilead Sciences, Inc.
4.87%
Johnson & Johnson
4.45%
Edwards Lifesciences Corp.
4.43%
Thermo Fisher Scientific, Inc.
4.17%
Charles River Laboratories International, Inc.
3.72%
Danaher Corp.
3.63%
Biogen, Inc.
3.58%
Waters Corp.
3.50%
AbbVie, Inc.
3.50%
Mettler-Toledo International, Inc.
3.37%
Moderna, Inc.
3.07%
Vertex Pharmaceuticals, Inc.
2.96%
BlackRock Cash Funds - Treasury
2.58%
Amgen, Inc.
2.49%
Frequently asked questions about MDEV and BMED
How have the MDEV and BMED ETFs performed in 2026?
As of September 15, 2026, MDEV is down -2.08% year-to-date (YTD), while BMED has returned 11.12%. 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 +$994K in flows, compared to +$5M for BMED.
Which ETF is more volatile: MDEV or BMED?
Over the past year, MDEV had a volatility of 16.31%, while BMED experienced 17.42%.
Which ETF is bigger: MDEV or BMED?
As of September 15, 2026, MDEV holds $3.09 M in assets under management (AUM), while BMED manages $13.42 M.
What sectors do the MDEV and BMED ETFs invest in?
MDEV leans toward sectors like Healthcare. Meanwhile, BMED focuses on Healthcare.
What are the top holdings of the MDEV ETF and BMED ETF?
MDEV top holdings include WuXi AppTec Co., Ltd., Baxter International, Inc. and Demant A/S. BMED holds in its top three: Merck & Co., Inc., Gilead Sciences, Inc. and Johnson & Johnson.
Which ETF is more diversified: MDEV or BMED?
MDEV holds 47 securities with 37.67% of its assets in the top 15. BMED has 56 securities and a top 15 weight of 56.15%.
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