MDEVvsHEALETF Comparison
VS
First Trust Indxx Medical Devices ETF (MDEV) and Global X HealthTech ETF - USD (HEAL) belong to the same industry segment: Healthcare Technology. Both ETFs have the same top 3 sector exposures: and Health Care. MDEV is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.5% for HEAL. MDEV is down -9.12% year-to-date (YTD) with - in YTD flows. HEAL performs worse with -18.61% YTD performance, and -$11M in YTD flows. Run a side-by-side ETF comparison of MDEV and HEAL 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 HEAL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MDEV HEAL | -7.26%-10.70% | -9.03%-18.72% | -9.12%-18.61% | -4.47%-16.25% | -5.83%-32.09% | n/a-59.26% |
| Flows | MDEV HEAL | --$8M | --$11M | --$11M | +$0K-$4M | -$228K-$76M | --$583M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDEV HEAL | +15.79%+23.50% | +18.39%+23.68% | +15.77%+22.87% | n/a+25.11% |
| Max drawdown | MDEV HEAL | -14.75%-25.70% | -14.75%-30.39% | -23.75%-35.90% | n/a-61.68% |
| Max drawdown duration | MDEV HEAL | 85d85d | 85d176d | 317d990d | n/a1802d |
Trading data
MDEV | HEAL | |
Last sale 4/2/2026 at 1:30 PM | $19.03 | $23.73 |
| Previous close 04/02/2026 | $19.10 | $23.92 |
| Consolidated volume 04/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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MDEV | HEAL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/2/2026 at 1:30 PM
Live
Closed
MDEV | HEAL | |
|---|---|---|
| Last price | $19.03 | $23.73 |
| 1D performance | -0.39% | -0.77% |
| AuM | $1.91 M | $23.83 M |
| E/R | 0.7% | 0.5% |
Characteristics
MDEV | HEAL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Global X |
| Benchmark | Indxx Global Medical Equipment Index | Global X HealthTech Index |
| N° of holdings | 48 | 35 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 23, 2021 | July 29, 2020 |
| ESG | No | No |
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Exposure
Countries
MDEV
USA
61.57%
Japan
7.31%
Other
31.12%
HEAL
USA
81.23%
Other
18.77%
Sectors
MDEV
Health Care
93.64%
Other
6.36%
HEAL
Health Care
78.25%
Other
21.75%
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Diversification
MDEV
Total weight of top 15 holdings out of 15
37.81%
HEAL
Total weight of top 15 holdings out of 15
64.3%
Top 15 holdings
Data as of February 28, 2026
MDEV
EXACT SCIENCES
3.75%
GLOBUS MEDICAL
3.16%
ALIGN TECHNOLOGY
2.75%
PENUMBRA
2.72%
HOYA
2.71%
MASIMO
2.56%
HOLOGIC
2.34%
EDWARDS LIFESCIENCES
2.33%
INTUITIVE SURGICAL
2.32%
FISHER PAYKEL
2.28%
ALCON INC
2.25%
WATERS
2.24%
US2166485019
2.16%
KONINKLIJKE PHILIPS NV
2.14%
US36266G1076
2.10%
HEAL
DEXCOM
6.09%
MASIMO
5.51%
US36266G1076
5.18%
KONINKLIJKE PHILIPS NV
5.10%
TRANSMEDICS GROUP
5.09%
RESMED
4.61%
ALIBABA HEALTH INFO TECHNOLOGY LTD
4.44%
INTUITIVE SURGICAL
4.08%
ALIGNMENT HEALTHCARE
3.65%
IQVIA HOLDINGS INC
3.65%
IRHYTHM TECHNOLOGIES
3.62%
INSULET
3.54%
US88023B1035
3.49%
US9467841055
3.24%
PRIVIA HEALTH GROUP
3.01%
Frequently asked questions about MDEV and HEAL
How have the MDEV and HEAL ETFs performed in 2026?
As of April 1, 2026, MDEV is down -9.12% year-to-date (YTD), while HEAL has lost -18.61%. That puts MDEV better performer ahead so far this year.
Which ETF is attracting more investor money: MDEV or HEAL?
Year-to-date, the MDEV ETF saw - in flows, compared to -$11M for HEAL.
Which ETF is more volatile: MDEV or HEAL?
Over the past year, MDEV had a volatility of 18.39%, while HEAL experienced 23.68%.
Which ETF is bigger: MDEV or HEAL?
As of April 1, 2026, MDEV holds $1.91 M in assets under management (AUM), while HEAL manages $23.83 M.
What sectors do the MDEV and HEAL ETFs invest in?
MDEV leans toward sectors like Health Care. Meanwhile, HEAL focuses on Health Care.
What are the top holdings of the MDEV ETF and HEAL ETF?
MDEV top holdings include EXACT SCIENCES, GLOBUS MEDICAL and ALIGN TECHNOLOGY. HEAL holds in its top three: DEXCOM, MASIMO and US36266G1076.
Which ETF is more diversified: MDEV or HEAL?
MDEV holds 49 securities with 37.81% of its assets in the top 15. HEAL has 39 securities and a top 15 weight of 64.3%.
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