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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)
$76,086
AUM
$51,353,776
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SGEN
Seagen Inc
4.85%
BIO
Bio-Rad Laboratories Inc. - Ordinary Shares - Class A
3.82%
EXAS
Exact Sciences Corp.
3.18%
SRPT
Sarepta Therapeutics Inc
3.14%
ALNY
Alnylam Pharmaceuticals Inc
3.01%
INSP
Inspire Medical Systems Inc
1.94%
APLS
Apellis Pharmaceuticals Inc
1.87%
NVCR
NovoCure Ltd
1.64%
KRTX
Karuna Therapeutics Inc
1.58%
NTRA
Natera Inc
1.52%
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.

ETFs related toBTEC

ETFs correlated to BTEC include XBI, LABU, ARKG

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
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
BIB
ProShares Trust - ProShares Ultra Nasdaq Biotechnology 2X Shares
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
PSCH
Invesco Capital Management LLC - Invesco S&P SmallCap Health Care ETF
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
BBH
VanEck ETF Trust - VanEck Biotech ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth 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.

Automated Strategies
Related toBTEC

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with BTEC using Composer

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 -0.0796%. This is the percent change in the value of BTEC over the most recent 1-month period. The 3-month return on BTEC is -0.0434%. 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 0.386%. 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, XLE, and XLP.

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

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

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.