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MDEV
Passive ETF

First Trust Indxx Medical Devices ETF

This ETF provides exposure to Equally Weighted Global Equities Read more

Passive ETF
Last update 3/12/2026 at 1:30 PM
Live
Closed
This fund is part of
Healthcare Technology
-0.05%
Last Price
$18.96
% Change
-2.13%
1W flows
-
1m flows
-
AuM
$2M
E/R
0.7%
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Trading data

Last sale
3/12/2026 at 1:30 PM
$18.96
Previous close
$19.37
Consolidated volume
03/11/2026
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Average volume
30 days
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Average discount or premium
30 days
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Average Bid/Ask spread
30 days
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MDEV performance and flow charts

Performance

-6.0-4.0-2.00.0%Feb 11Feb 19Feb 26Mar 5

Flows

0

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

Historic performance and flows

Data as of March 11, 2026
1M3MYTD1Y3Y5Y
Perf.-6.92%-8.83%-7.70%-4.36%+0.84%
Flows---+$0K-$228K-
Data as of March 11, 2026

Volatility and drawdown

3M1Y3Y5Y
Volatility+13.43%+18.18%+15.78%
Max drawdown
-11.13%-12.73%-23.75%
Max drawdown duration
64d103d317dN/A
Time to recover
N/A84d129dN/A

Replication quality

Data as of February 27, 2026
1-year trailing difference

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Tracking error
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Tracking difference
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1 year cumulative return difference
Best
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Worst
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daily return difference
Average
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Worst
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Exposure

Data as of January 31, 2026

Countries

USA
60.34%
Japan
7.19%
Other
32.47%

Sectors

Health Care
93.36%
Other
6.64%

Diversification

Total weight of top 15 holdings out of 49

35.61%

Top 15 Holdings

EXACT SCIENCES
3.35%
GLOBUS MEDICAL
3.06%
PENUMBRA
2.62%
ALIGN TECHNOLOGY
2.47%
HOYA
2.35%
PERKINELMER
2.35%
US2166485019
2.27%
INTUITIVE SURGICAL
2.24%
FISHER PAYKEL
2.15%
DEXCOM
2.14%
ALCON INC
2.13%
WATERS
2.13%
STERIS
2.12%
US36266G1076
2.12%
HOLOGIC
2.11%

Characteristics

The First Trust Indxx Medical Devices ETF is built to track the Indxx Global Medical Equipment Index NTR - USD. This ETF provides physical exposure - by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly).

This share class generates a stream of income by distributing dividends.

Management strategyPassive
ProviderFirst Trust
N° of holdings49
Replication methodDirect (Physical)
Asset classEquities
Dividend policyDistributing
Trailing 12m distribution yield
Join for free
Inception dateJune 23, 2021
ESGNo

The ETF Institute® is now affiliated with ETF Central

The CETF certification is the only FINRA listed professional designation focused on ETFs.

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Frequently asked questions about MDEV

What type of ETF is MDEV?

MDEV is a Passive ETF that provides exposure to Equity assets. It is managed by First Trust.

What index does MDEV track?

MDEV tracks the Indxx Global Medical Equipment Index NTR - USD, aiming to replicate its performance through full replication.

What does MDEV invest in?

This ETF provides exposure to Equally Weighted Global Equities. It is part of the segment: Healthcare Technology.

What is the expense ratio of MDEV?

The total expense ratio (TER) of MDEV is 0.7%, representing the annual fee charged by the fund manager.

When was MDEV launched?

MDEV was launched on June 23, 2021, marking its entry into the ETF market.

Who is the issuer of MDEV?

MDEV is issued by First Trust.

What is the AUM of MDEV?

As of March 11, 2026, MDEV manages $1.94 M, reflecting the total assets held in the fund.

How has MDEV performed recently?

As of March 11, 2026, MDEV delivered a return of -6.92% over the past month (1M performance), -8.83% over the past three months (3M), and -7.7% year-to-date (YTD).

How many holdings are in MDEV

As of January 31, 2026, MDEV holds 49 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.

How diversified is MDEV?

As of January 31, 2026, MDEV holds 49 securities, with 35.61% of its assets concentrated in its top 15 holdings.

What are the top holdings of MDEV?

As of January 31, 2026, MDEV holds a portfolio of 49 underlyings, with its largest positions including EXACT SCIENCES, GLOBUS MEDICAL and PENUMBRA. These top holdings play a significant role in shaping the fund’s performance and exposure.

What countries or regions does MDEV invest in?

As of January 31, 2026, MDEV has its largest geographic exposures in USA and Japan.

What sectors or themes does MDEV focus on?

As of January 31, 2026, MDEV is primarily exposed to Health Care.

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