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First Trust Indxx Medical Devices (MDEV)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.70 % · ISIN US33738R6392
Price history (since 2021)
Monthly close since 2021. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Revvity Inc. RVTY | 3.2 % | −76.1 % | 68 |
| WuXi AppTec Co Ltd H 2359 | 3.2 % | n/a | n/a |
| Demant A/S WDH | 3.0 % | n/a | n/a |
| Agilent Technologies Inc A | 2.8 % | −62.6 % | 69 |
| West Pharmaceutical Services Inc WST | 2.7 % | −62.9 % | 71 |
| Baxter International Inc BAX | 2.7 % | −89.2 % | 42 |
| Sysmex Cor 6869 | 2.6 % | n/a | n/a |
| Waters Corporation WAT | 2.6 % | −78.9 % | 45 |
| Bio-Rad Laboratories Inc BIO | 2.5 % | −42.4 % | 68 |
| Thermo Fisher Scientific Inc TMO | 2.5 % | +3.5 % | 62 |
| Sonova H Ag SOON | 2.5 % | −41.0 % | 71 |
| DexCom Inc DXCM | 2.5 % | +8.8 % | 83 |
| Olympus Corp. 7733 | 2.5 % | n/a | n/a |
| Merit Medical Systems Inc MMSI | 2.3 % | +2.0 % | 61 |
| Sartorius Stedim Biotech SA DIM | 2.3 % | −74.7 % | 48 |
| LivaNova PLC LIVN | 2.3 % | −1.5 % | 52 |
| Mettler-Toledo International Inc MTD | 2.2 % | −59.7 % | 81 |
| Becton Dickinson and Company BDX | 2.2 % | −44.1 % | 65 |
| Fisher & Paykel Healthcare Corporation Limited FPH | 2.2 % | n/a | n/a |
| Carl Zeiss Meditec AG AFX | 2.2 % | −8.6 % | 65 |
| Danaher Corporation DHR | 2.1 % | −6.1 % | 72 |
| Terumo Corp. 4543 | 2.1 % | n/a | n/a |
| Edwards Lifesciences Corp EW | 2.1 % | −3.9 % | 67 |
| Teleflex Incorporated TFX | 2.0 % | −61.4 % | 51 |
| Straumann Holding AG STMN | 2.0 % | −50.8 % | 67 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
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- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about MDEV
Is MDEV overvalued?
What is the fair value of MDEV?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of MDEV?
What is the expense ratio of MDEV?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives First Trust Exchange-Traded Fund VI - First Trust Indxx Medical Devices ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.