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ETFs

Principal Exchange-Traded Funds Principal Healthcare Innovators ETF

BTEC
$—
Today’s Change
— (—)

Snapshot
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Inception Date
Aug 19, 2016
Expense Ratio
0.42%
Type
US Equities
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$86,619
AUM
$44,940,029
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SGEN
Seagen Inc
3.8%
EXAS
Exact Sciences Corp.
3.33%
ALNY
Alnylam Pharmaceuticals Inc
3.12%
SRPT
Sarepta Therapeutics Inc
2.84%
BIO
Bio-Rad Laboratories Inc. - Ordinary Shares - Class A
2.79%
ILMN
Illumina Inc
2.2%
KRTX
Karuna Therapeutics Inc
1.7%
IONS
Ionis Pharmaceuticals Inc
1.68%
RETA
Reata Pharmaceuticals Inc - Ordinary Shares - Class A
1.57%
ELAN
Elanco Animal Health Inc
1.55%
Invest with BTEC

What is BTEC?

The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies in the healthcare sector. It invests significantly in early-stage companies within the healthcare equipment and supplies, pharmaceuticals, biotechnology, and life sciences industries that are not yet consistently profitable.

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ETFs related toBTEC

ETFs correlated to BTEC include XBI, LABU, GNOM

BTEC
Principal Exchange-Traded Funds - Principal Healthcare Innovators ETF
XBI
SPDR Series Trust - SPDR Biotech ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
IWC
BlackRock Institutional Trust Company N.A. - iShares Micro-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

BTEC is a US Equities ETF. The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies in the healthcare sector. It invests significantly in early-stage companies within the healthcare equipment and supplies, pharmaceuticals, biotechnology, and life sciences industries that are not yet consistently profitable.

Yes, BTEC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BTEC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BTEC is -0.0853%. This is the percent change in the value of BTEC over the most recent 1-month period. The 3-month return on BTEC is -0.1705%. This is the percent change in the value of BTEC over the most recent 3-month period.

The standard deviation of BTEC for the past year is 0.2748%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BTEC include XLI, XLY, and XLV.

ETFs correlated to BTEC include XBI, LABU, and GNOM.

ETFs that are inversely correlated to BTEC include LABD, SRTY, and SARK.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.

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