MDEV vs. BOUT ETF Comparison
Comparison of First Trust Indxx Medical Devices ETF (MDEV) to Innovator IBD Breakout Opportunities ETF (BOUT)
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
$21.10
Average Daily Volume
287
29
BOUT
Innovator IBD Breakout Opportunities ETF
BOUT Description
The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.Grade (RS Rating)
Last Trade
$40.67
Average Daily Volume
3,050
44
Performance
| Period | MDEV | BOUT |
|---|---|---|
| 30 Days | -3.19% | 10.23% |
| 60 Days | -3.14% | 10.93% |
| 90 Days | 0.11% | 11.26% |
| 12 Months | 14.34% | 34.57% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MDEV | Weight in BOUT | Overlap | |
|---|---|---|---|---|---|
| GMED | A | 2.54% | 0.41% | 0.41% |
MDEV Overweight 28 Positions Relative to BOUT
| Symbol | Grade | Weight | |
|---|---|---|---|
| PEN | B | 2.52% | |
| MASI | A | 2.51% | |
| PODD | C | 2.45% | |
| ISRG | A | 2.4% | |
| DXCM | D | 2.33% | |
| SYK | C | 2.32% | |
| ZBH | C | 2.26% | |
| WST | C | 2.26% | |
| BSX | B | 2.22% | |
| EW | C | 2.19% | |
| ALGN | D | 2.16% | |
| RMD | C | 2.15% | |
| ABT | B | 2.14% | |
| WAT | B | 2.14% | |
| HOLX | D | 2.1% | |
| BIO | D | 2.06% | |
| MDT | D | 2.02% | |
| BDX | F | 2.01% | |
| GEHC | F | 2.0% | |
| STE | F | 2.0% | |
| RVTY | F | 1.96% | |
| A | D | 1.92% | |
| BAX | D | 1.91% | |
| TMO | F | 1.85% | |
| DHR | F | 1.85% | |
| MTD | D | 1.71% | |
| TFX | F | 1.7% | |
| EXAS | D | 1.59% |
MDEV Underweight 43 Positions Relative to BOUT
| Symbol | Grade | Weight | |
|---|---|---|---|
| PACS | F | -4.48% | |
| MS | A | -4.47% | |
| LBRDK | C | -4.44% | |
| NEM | D | -4.42% | |
| VIK | B | -4.39% | |
| EXPE | B | -4.28% | |
| EQIX | A | -4.25% | |
| AHR | A | -4.24% | |
| IDCC | A | -4.01% | |
| ETN | A | -3.82% | |
| SPGI | C | -3.81% | |
| EQH | B | -3.78% | |
| CRM | B | -3.73% | |
| BAH | F | -3.73% | |
| DVA | B | -3.71% | |
| PGR | A | -3.63% | |
| CRDO | B | -2.87% | |
| VRNS | D | -2.61% | |
| ULS | B | -2.59% | |
| IR | B | -2.49% | |
| DT | C | -2.49% | |
| NMIH | D | -2.44% | |
| ONON | A | -2.35% | |
| COLL | F | -2.23% | |
| TSM | B | -1.31% | |
| TBBK | B | -1.28% | |
| NOW | A | -1.27% | |
| CDNA | D | -1.24% | |
| SCCO | F | -1.22% | |
| SN | D | -1.2% | |
| TCOM | B | -1.14% | |
| BEKE | D | -1.06% | |
| ROAD | A | -0.45% | |
| AXON | A | -0.43% | |
| TPH | D | -0.42% | |
| IBKR | A | -0.42% | |
| CWAN | B | -0.42% | |
| AVGO | D | -0.42% | |
| ALKT | B | -0.42% | |
| CORT | B | -0.41% | |
| ACGL | D | -0.4% | |
| PLMR | B | -0.39% | |
| JD | D | -0.38% |
MDEV: Top Represented Industries & Keywords
BOUT: Top Represented Industries & Keywords
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