MDEVvsIHIETF Comparison
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First Trust Indxx Medical Devices ETF (MDEV) belongs to the Healthcare Technology segment. iShares U.S. Medical Devices ETF (IHI) is part of the US Health Care segment. Both ETFs have the same top 3 sector exposures: and Healthcare. MDEV is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.38% for IHI. MDEV is down -3.05% year-to-date (YTD) with +$994K in YTD flows. IHI performs worse with -14.99% YTD performance, and -$181M in YTD flows. Run a side-by-side ETF comparison of MDEV and IHI 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 IHI 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 IHI | +6.20%+6.69% | +9.77%+3.41% | -3.05%-14.99% | -0.45%-13.79% | -2.20%-4.67% | -23.17%-15.35% |
| Flows | MDEV IHI | +$994K+$63M | +$994K+$21M | +$994K-$181M | +$994K-$545M | +$767K-$2.66B | -$23M-$3.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDEV IHI | +17.24%+27.25% | +16.50%+20.07% | +16.33%+18.19% | +19.16%+19.62% |
| Max drawdown | MDEV IHI | -3.88%-6.91% | -18.07%-26.18% | -21.75%-26.72% | -42.16%-33.07% |
| Max drawdown duration | MDEV IHI | 11d56d | 205d247d | 205d540d | 1787d1786d |
Trading data
MDEV | IHI | |
Last sale 7/31/2026 at 1:30 PM | $20.24 | $52.51 |
| Previous close 07/30/2026 | $20.16 | $52.74 |
| 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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MDEV | IHI | |
|---|---|---|
| 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 | IHI | |
|---|---|---|
| Last price | $20.24 | $52.51 |
| 1D performance | +0.39% | -0.44% |
| AuM | $3.06 M | $3.27 B |
| E/R | 0.7% | 0.38% |
Characteristics
MDEV | IHI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | Indxx Global Medical Equipment Index | Dow Jones U.S. Select Medical Equipment Index |
| N° of holdings | 47 | 47 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 23, 2021 | May 1, 2006 |
| ESG | No | No |
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Exposure
Countries
MDEV
USA
55.63%
Japan
7.86%
Other
36.51%
IHI
USA
91.35%
Ireland
7.6%
Other
1.04%
Sectors
MDEV
Healthcare
95.26%
Other
4.74%
IHI
Healthcare
99.8%
Other
0.2%
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Diversification
MDEV
Total weight of top 15 holdings out of 15
35.95%
IHI
Total weight of top 15 holdings out of 15
88.02%
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%
IHI
Abbott Laboratories
16.93%
Intuitive Surgical, Inc.
15.09%
Stryker Corp.
11.64%
Edwards Lifesciences Corp.
4.75%
Becton, Dickinson & Co.
4.63%
GE Healthcare Technologies, Inc.
4.51%
Medtronic Plc
4.40%
ResMed, Inc.
4.38%
IDEXX Laboratories, Inc.
4.27%
DexCom, Inc.
4.02%
Boston Scientific Corp.
3.99%
STERIS Plc (Ireland)
3.20%
Zimmer Biomet Holdings, Inc.
2.58%
Penumbra, Inc.
1.92%
Baxter International, Inc.
1.71%
Frequently asked questions about MDEV and IHI
How have the MDEV and IHI ETFs performed in 2026?
As of July 30, 2026, MDEV is down -3.05% year-to-date (YTD), while IHI has lost -14.99%. That puts MDEV better performer ahead so far this year.
Which ETF is attracting more investor money: MDEV or IHI?
Year-to-date, the MDEV ETF saw +$994K in flows, compared to -$181M for IHI.
Which ETF is more volatile: MDEV or IHI?
Over the past year, MDEV had a volatility of 16.5%, while IHI experienced 20.07%.
Which ETF is bigger: MDEV or IHI?
As of July 30, 2026, MDEV holds $3.06 M in assets under management (AUM), while IHI manages $3.27 B.
What sectors do the MDEV and IHI ETFs invest in?
MDEV leans toward sectors like Healthcare. Meanwhile, IHI focuses on Healthcare.
What are the top holdings of the MDEV ETF and IHI ETF?
MDEV top holdings include West Pharmaceutical Services, Inc., Demant A/S and LivaNova Plc. IHI holds in its top three: Abbott Laboratories, Intuitive Surgical, Inc. and Stryker Corp..
Which ETF is more diversified: MDEV or IHI?
MDEV holds 47 securities with 35.95% of its assets in the top 15. IHI has 47 securities and a top 15 weight of 88.02%.
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Latest news about MDEV & IHI
Notable ETF Filings Recap: April 2024
May 2, 2024
IHI
Health Care Sector Down After a Cyberattack on UnitedHealth
March 4, 2024
IHI
Investing in the Aging Demographics Megatrend
February 28, 2023
IHI
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