ABEQ vs. MDEV ETF Comparison
Comparison of Absolute Core Strategy ETF (ABEQ) to First Trust Indxx Medical Devices ETF (MDEV)
ABEQ
Absolute Core Strategy ETF
ABEQ Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$32.53
Average Daily Volume
5,402
15
MDEV
First Trust Indxx Medical Devices ETF
MDEV Description
First Trust Exchange-Traded Fund VI - First Trust Indxx Medical Devices ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in the public equity markets across the globe. It invests in the stocks of companies operating in the medical devices industry that includes companies that focus on developing equipment, instruments, and machines to diagnose, monitor, and treat diseases. The fund invests in growth and value stocks of companies across diversified market capitalizations. It replicates the performance of the Indxx Global Medical Equipment Index, by using full replication technique. First Trust Exchange-Traded Fund VI - First Trust Indxx Medical Devices ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$22.19
Average Daily Volume
498
28
Performance
| Period | ABEQ | MDEV |
|---|---|---|
| 30 Days | 0.14% | 2.32% |
| 60 Days | 6.37% | 8.60% |
| 90 Days | 7.99% | 13.55% |
| 12 Months | 22.21% | 25.89% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ABEQ | Weight in MDEV | Overlap | |
|---|---|---|---|---|---|
| MDT | C | 4.55% | 2.11% | 2.11% |
ABEQ Underweight 27 Positions Relative to MDEV
| Symbol | Grade | Weight | |
|---|---|---|---|
| GMED | B | -2.58% | |
| PODD | C | -2.54% | |
| RMD | C | -2.47% | |
| ISRG | C | -2.39% | |
| BSX | A | -2.31% | |
| MTD | C | -2.22% | |
| STE | D | -2.2% | |
| DHR | D | -2.18% | |
| TFX | C | -2.16% | |
| BIO | B | -2.1% | |
| WAT | B | -2.08% | |
| GEHC | C | -2.03% | |
| TMO | D | -2.03% | |
| SYK | C | -2.0% | |
| A | B | -1.97% | |
| HOLX | D | -1.96% | |
| ABT | C | -1.95% | |
| BDX | C | -1.91% | |
| MASI | B | -1.83% | |
| BAX | D | -1.82% | |
| EXAS | C | -1.76% | |
| PEN | D | -1.67% | |
| ZBH | F | -1.64% | |
| WST | D | -1.53% | |
| ALGN | D | -1.5% | |
| EW | F | -1.38% | |
| DXCM | F | -0.94% |
ABEQ: Top Represented Industries & Keywords
MDEV: Top Represented Industries & Keywords
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