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MDEVvsTMEDETF Comparison

ETF 1

MDEV

First Trust Indxx Medical Devices ETF

This fund is part of

Healthcare Technology

+1.09%

Full MDEV fund page

VS

ETF 2

TMED

T. Rowe Price Health Care ETF

This fund is part of

US Health Care

+1.21%

Full TMED fund page

First Trust Indxx Medical Devices ETF (MDEV) belongs to the Healthcare Technology segment. T. Rowe Price Health Care ETF (TMED) is part of the US Health Care segment. MDEV's top 1 sector exposures are Healthcare. In contrast, TMED's top sector exposures are Healthcare, Consumer Non-Cyclicals and Non-Corporate. MDEV is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.44% for TMED. MDEV is down -3.82% year-to-date (YTD) with +$994K in YTD flows. TMED performs better with 13.82% YTD performance, and +$13M in YTD flows. Run a side-by-side ETF comparison of MDEV and TMED 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 TMED performance and flow charts

Performance

Cumulative Flows

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

Data Services

Historic performance and flows

Data as of 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MDEV TMED	-5.81%-4.57%	+7.02%+6.44%	-3.82%+13.82%	-2.09%+29.34%	+6.50%n/a	-25.68%n/a
Flows	MDEV TMED	-+$4M	+$994K+$10M	+$994K+$13M	+$994K+$15M	+$767K-	-$24M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MDEV TMED	+17.18%+17.84%	+16.30%+18.41%	+16.37%n/a	+19.25%n/a
Max drawdown	MDEV TMED	-6.88%-7.92%	-18.07%-11.09%	-20.26%n/a	-41.66%n/a
Max drawdown duration	MDEV TMED	19d23d	248d125d	589dn/a	1814dn/a

Trading data

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	MDEV	TMED
Last sale 9/15/2026 at 1:30 PM	$20.38	$33.92
Previous close 09/14/2026	$20.30	$34.28
Consolidated volume 09/14/2026
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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TMED

is actively managed and doesn’t replicate an index

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	MDEV	TMED
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	MDEV	TMED
Last price	$20.38	$33.92
1D performance	+0.41%	-1.06%
AuM	$3.03 M	$32.09 M
E/R	0.7%	0.44%

Characteristics

	MDEV	TMED
Management strategy	Passive	Active
Provider	First Trust	T. Rowe Price
Benchmark	Indxx Global Medical Equipment Index	-
N° of holdings	47	97
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 23, 2021	June 11, 2025
ESG	No	No

More MDEV data on Trackinsight

More TMED data on Trackinsight

Exposure

Countries

MDEV

USA

55.07%

Japan

8.74%

Other

36.19%

TMED

USA

93.59%

Other

6.41%

Sectors

MDEV

Healthcare

95.98%

Other

4.02%

TMED

Healthcare

98.58%

Other

1.42%

Diversification

MDEV

Total weight of top 15 holdings out of 15

37.67%

TMED

Total weight of top 15 holdings out of 15

61.11%

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%

TMED

Eli Lilly & Co.

16.65%

UnitedHealth Group, Inc.

5.89%

Thermo Fisher Scientific, Inc.

4.44%

Alnylam Pharmaceuticals, Inc.

4.11%

Gilead Sciences, Inc.

3.76%

Danaher Corp.

3.58%

Cencora, Inc.

3.30%

Insulet Corp.

2.73%

Agilent Technologies, Inc.

2.69%

DexCom, Inc.

2.66%

Dyne Therapeutics, Inc.

2.60%

Stryker Corp.

2.49%

West Pharmaceutical Services, Inc.

2.29%

Waters Corp.

2.20%

McKesson Corp.

1.72%

Frequently asked questions about MDEV and TMED

How have the MDEV and TMED ETFs performed in 2026?

As of September 11, 2026, MDEV is down -3.82% year-to-date (YTD), while TMED has returned 13.82%. That puts TMED better performer ahead so far this year.

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

Year-to-date, the MDEV ETF saw +$994K in flows, compared to +$13M for TMED.

Which ETF is more volatile: MDEV or TMED?

Over the past year, MDEV had a volatility of 16.3%, while TMED experienced 18.41%.

Which ETF is bigger: MDEV or TMED?

As of September 11, 2026, MDEV holds $3.03 M in assets under management (AUM), while TMED manages $32.09 M.

What sectors do the MDEV and TMED ETFs invest in?

MDEV leans toward sectors like Healthcare. Meanwhile, TMED focuses on Healthcare.

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

MDEV top holdings include WuXi AppTec Co., Ltd., Baxter International, Inc. and Demant A/S. TMED holds in its top three: Eli Lilly & Co., UnitedHealth Group, Inc. and Thermo Fisher Scientific, Inc..

MDEVvsTMEDETF Comparison

First Trust Indxx Medical Devices ETF

T. Rowe Price Health Care ETF

MDEV vs TMED performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the MDEV and TMED ETFs performed in 2026?

As of September 11, 2026, MDEV is down -3.82% year-to-date (YTD), while TMED has returned 13.82%. That puts TMED better performer ahead so far this year.

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

Year-to-date, the MDEV ETF saw +$994K in flows, compared to +$13M for TMED.

Which ETF is more volatile: MDEV or TMED?

Over the past year, MDEV had a volatility of 16.3%, while TMED experienced 18.41%.

Which ETF is bigger: MDEV or TMED?

As of September 11, 2026, MDEV holds $3.03 M in assets under management (AUM), while TMED manages $32.09 M.

What sectors do the MDEV and TMED ETFs invest in?

MDEV leans toward sectors like Healthcare. Meanwhile, TMED focuses on Healthcare.

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

MDEV top holdings include WuXi AppTec Co., Ltd., Baxter International, Inc. and Demant A/S. TMED holds in its top three: Eli Lilly & Co., UnitedHealth Group, Inc. and Thermo Fisher Scientific, Inc..

Which ETF is more diversified: MDEV or TMED?

MDEV holds 47 securities with 37.67% of its assets in the top 15. TMED has 97 securities and a top 15 weight of 61.11%.

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