MDEVvsGDOCETF Comparison
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First Trust Indxx Medical Devices ETF (MDEV) and Goldman Sachs Future Health Care Equity ETF (GDOC) belong to the same industry segment: Healthcare Technology. Both ETFs have the same top 3 sector exposures: and Healthcare. MDEV is less expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.75% for GDOC. MDEV is down -3.05% year-to-date (YTD) with +$994K in YTD flows. GDOC performs better with 0.68% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of MDEV and GDOC 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 GDOC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MDEV GDOC | +6.20%-0.42% | +9.77%+11.47% | -3.05%+0.68% | -0.45%+14.24% | -2.20%+8.90% | -23.17%n/a |
| Flows | MDEV GDOC | +$994K- | +$994K-$4M | +$994K-$2M | +$994K-$3M | +$767K-$86M | -$23M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDEV GDOC | +17.24%+16.18% | +16.50%+15.08% | +16.33%+14.83% | +19.16%n/a |
| Max drawdown | MDEV GDOC | -3.88%-5.35% | -18.07%-15.39% | -21.75%-22.18% | -42.16%n/a |
| Max drawdown duration | MDEV GDOC | 11d23d | 205d221d | 205d449d | 1787dn/a |
Trading data
MDEV | GDOC | |
Last sale 7/31/2026 at 1:30 PM | $20.24 | $35.81 |
| Previous close 07/30/2026 | $20.16 | $35.90 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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GDOC
is actively managed and doesn’t replicate an indexMDEV | GDOC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
MDEV | GDOC | |
|---|---|---|
| Last price | $20.24 | $35.81 |
| 1D performance | +0.39% | -0.24% |
| AuM | $3.06 M | $18.83 M |
| E/R | 0.7% | 0.75% |
Characteristics
MDEV | GDOC | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Goldman Sachs |
| Benchmark | Indxx Global Medical Equipment Index | - |
| N° of holdings | 47 | 38 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 23, 2021 | November 11, 2021 |
| ESG | No | No |
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Exposure
Countries
MDEV
USA
55.63%
Japan
7.86%
Other
36.51%
GDOC
USA
78.93%
Other
21.07%
Sectors
MDEV
Healthcare
95.26%
Other
4.74%
GDOC
Healthcare
97.65%
Other
2.35%
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Diversification
MDEV
Total weight of top 15 holdings out of 15
35.95%
GDOC
Total weight of top 15 holdings out of 15
71.57%
Top 15 holdings
Data as of June 30, 2026
MDEV
West Pharmaceutical Services, Inc.
2.88%
Demant A/S
2.76%
LivaNova Plc
2.67%
Baxter International, Inc.
2.57%
Revvity, Inc.
2.55%
WuXi AppTec Co., Ltd.
2.41%
Waters Corp.
2.40%
Edwards Lifesciences Corp.
2.40%
Agilent Technologies, Inc.
2.36%
Teleflex, Inc.
2.23%
DexCom, Inc.
2.18%
Bio-Rad Laboratories, Inc.
2.16%
Sonova Holding AG
2.13%
Align Technology, Inc.
2.13%
Sysmex Corp.
2.12%
GDOC
Eli Lilly & Co.
13.64%
Johnson & Johnson
8.55%
Merck & Co., Inc.
6.79%
Guardant Health, Inc.
5.84%
UnitedHealth Group, Inc.
4.72%
AstraZeneca PLC
3.92%
argenx SE
3.76%
Intuitive Surgical, Inc.
3.44%
Cencora, Inc.
3.25%
Agilent Technologies, Inc.
3.12%
DexCom, Inc.
3.05%
Thermo Fisher Scientific, Inc.
2.96%
Apogee Therapeutics, Inc.
2.93%
Edwards Lifesciences Corp.
2.90%
Lonza Group AG
2.70%
Frequently asked questions about MDEV and GDOC
How have the MDEV and GDOC ETFs performed in 2026?
As of July 30, 2026, MDEV is down -3.05% year-to-date (YTD), while GDOC has returned 0.68%. That puts GDOC better performer ahead so far this year.
Which ETF is attracting more investor money: MDEV or GDOC?
Year-to-date, the MDEV ETF saw +$994K in flows, compared to -$2M for GDOC.
Which ETF is more volatile: MDEV or GDOC?
Over the past year, MDEV had a volatility of 16.5%, while GDOC experienced 15.08%.
Which ETF is bigger: MDEV or GDOC?
As of July 30, 2026, MDEV holds $3.06 M in assets under management (AUM), while GDOC manages $18.83 M.
What sectors do the MDEV and GDOC ETFs invest in?
MDEV leans toward sectors like Healthcare. Meanwhile, GDOC focuses on Healthcare.
What are the top holdings of the MDEV ETF and GDOC ETF?
MDEV top holdings include West Pharmaceutical Services, Inc., Demant A/S and LivaNova Plc. GDOC holds in its top three: Eli Lilly & Co., Johnson & Johnson and Merck & Co., Inc..
Which ETF is more diversified: MDEV or GDOC?
MDEV holds 47 securities with 35.95% of its assets in the top 15. GDOC has 38 securities and a top 15 weight of 71.57%.
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