PIO vs. MDEV ETF Comparison
Comparison of PowerShares Global Water Portfolio (PIO) to First Trust Indxx Medical Devices ETF (MDEV)
PIO
PowerShares Global Water Portfolio
PIO Description
The PowerShares Global Water Portfolio (Fund) is based on the NASDAQ OMX Global Water Index. The Fund generally will invest at least 90% of its total assets in companies listed on a global exchange that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.
Grade (RS Rating)
Last Trade
$42.95
Average Daily Volume
10,461
Number of Holdings
*
12
* may have additional holdings in another (foreign) market
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
$22.13
Average Daily Volume
499
Number of Holdings
*
28
* may have additional holdings in another (foreign) market
Performance
| Period | PIO | MDEV |
|---|---|---|
| 30 Days | 1.97% | 2.04% |
| 60 Days | 5.01% | 8.30% |
| 90 Days | 6.30% | 13.24% |
| 12 Months | 30.35% | 22.16% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PIO | Weight in MDEV | Overlap | |
|---|---|---|---|---|---|
| WAT | B | 3.87% | 2.08% | 2.08% |
PIO Underweight 27 Positions Relative to MDEV
| Symbol | Grade | Weight | |
|---|---|---|---|
| GMED | D | -2.58% | |
| PODD | C | -2.54% | |
| RMD | C | -2.47% | |
| ISRG | C | -2.39% | |
| BSX | A | -2.31% | |
| MTD | B | -2.22% | |
| STE | D | -2.2% | |
| DHR | B | -2.18% | |
| TFX | B | -2.16% | |
| MDT | A | -2.11% | |
| BIO | B | -2.1% | |
| GEHC | B | -2.03% | |
| TMO | C | -2.03% | |
| SYK | C | -2.0% | |
| A | B | -1.97% | |
| HOLX | D | -1.96% | |
| ABT | C | -1.95% | |
| BDX | B | -1.91% | |
| MASI | C | -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% |
PIO: Top Represented Industries & Keywords
MDEV: Top Represented Industries & Keywords
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