PINK vs. MDEV ETF Comparison
Comparison of Simplify Health Care ETF (PINK) to First Trust Indxx Medical Devices ETF (MDEV)
PINK
Simplify Health Care ETF
PINK Description
Simplify Exchange Traded Funds - Simplify Health Care ETF seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its assets (plus any borrowings for investment purposes) in securities of U.S. health care companies. The fund adviser defines health care companies as companies included in the Global Industry Classification Standard health care sector. The fund will typically invest in 50 – 100 health care companies. The adviser generally seeks investments in companies that are developing new and effective medicines, as well as companies whose business models reduce costs or improve quality in health care systems.
Grade (RS Rating)
Last Trade
$30.91
Average Daily Volume
117,279
51
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
$21.01
Average Daily Volume
268
29
Performance
| Period | PINK | MDEV |
|---|---|---|
| 30 Days | -4.15% | -3.60% |
| 60 Days | -6.48% | -3.32% |
| 90 Days | -6.16% | -0.31% |
| 12 Months | 24.32% | 13.86% |
11 Overlapping Holdings
| Symbol | Grade | Weight in PINK | Weight in MDEV | Overlap | |
|---|---|---|---|---|---|
| ABT | B | 0.67% | 2.11% | 0.67% | |
| BSX | A | 0.04% | 2.14% | 0.04% | |
| DHR | F | 0.24% | 1.89% | 0.24% | |
| EXAS | D | 0.83% | 1.53% | 0.83% | |
| ISRG | A | 4.75% | 2.36% | 2.36% | |
| MASI | B | 0.01% | 2.42% | 0.01% | |
| RVTY | F | 1.29% | 2.03% | 1.29% | |
| SYK | B | 0.27% | 2.29% | 0.27% | |
| TFX | F | 2.0% | 1.72% | 1.72% | |
| TMO | F | 3.54% | 1.91% | 1.91% | |
| ZBH | C | 0.16% | 2.24% | 0.16% |
PINK Overweight 40 Positions Relative to MDEV
| Symbol | Grade | Weight | |
|---|---|---|---|
| SRPT | F | 10.02% | |
| LLY | F | 7.03% | |
| PCT | C | 7.0% | |
| UNH | B | 4.94% | |
| SNY | F | 4.89% | |
| ZTS | D | 4.86% | |
| JNJ | C | 4.56% | |
| REGN | F | 4.19% | |
| ABBV | F | 3.88% | |
| GILD | C | 3.35% | |
| CI | D | 3.01% | |
| CHWY | B | 2.24% | |
| MMM | D | 2.24% | |
| TNDM | D | 2.02% | |
| MYGN | F | 1.98% | |
| ELV | F | 1.89% | |
| RPRX | D | 1.11% | |
| TUA | F | 1.05% | |
| IQV | F | 0.95% | |
| ITCI | C | 0.94% | |
| AVTR | F | 0.91% | |
| AKRO | B | 0.66% | |
| ARGX | B | 0.55% | |
| THC | D | 0.54% | |
| FULC | F | 0.52% | |
| HCA | F | 0.4% | |
| ESTA | D | 0.39% | |
| SNDX | F | 0.34% | |
| LIVN | F | 0.31% | |
| AGL | F | 0.28% | |
| VEEV | C | 0.28% | |
| BMRN | F | 0.25% | |
| TECH | F | 0.25% | |
| BIIB | F | 0.19% | |
| HSIC | C | 0.18% | |
| VLTO | C | 0.03% | |
| INSM | C | 0.02% | |
| BMY | B | 0.02% | |
| EMBC | C | 0.01% | |
| MRK | D | 0.0% |
PINK Underweight 18 Positions Relative to MDEV
PINK: Top Represented Industries & Keywords
MDEV: Top Represented Industries & Keywords
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