BBP vs. BTEC
Compare and contrast key facts about Virtus LifeSci Biotech Products ETF (BBP) and Principal Healthcare Innovators Index ETF (BTEC).
BBP and BTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBP is a passively managed fund by Virtus Investment Partners that tracks the performance of the LifeSci Biotechnology Products Index. It was launched on Dec 17, 2014. BTEC is a passively managed fund by Principal that tracks the performance of the NASDAQ U.S. Health Care Innovators Index. It was launched on Aug 19, 2016. Both BBP and BTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBP or BTEC.
Key characteristics
| BBP | BTEC | |
|---|---|---|
| YTD Return | -4.20% | 2.04% |
| 1Y Return | 3.61% | 1.34% |
| 3Y Return (Ann) | 2.24% | -11.96% |
| 5Y Return (Ann) | 6.13% | 2.75% |
| Sharpe Ratio | 0.21 | 0.12 |
| Daily Std Dev | 22.52% | 26.51% |
| Max Drawdown | -44.32% | -62.91% |
| Current Drawdown | -11.84% | -47.13% |
Correlation
The correlation between BBP and BTEC is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BBP vs. BTEC - Performance Comparison
In the year-to-date period, BBP achieves a -4.20% return, which is significantly lower than BTEC's 2.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBP vs. BTEC - Expense Ratio Comparison
BBP has a 0.79% expense ratio, which is higher than BTEC's 0.42% expense ratio.
Risk-Adjusted Performance
BBP vs. BTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus LifeSci Biotech Products ETF (BBP) and Principal Healthcare Innovators Index ETF (BTEC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BBP vs. BTEC - Dividend Comparison
Neither BBP nor BTEC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBP Virtus LifeSci Biotech Products ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.00% | 1.29% |
BTEC Principal Healthcare Innovators Index ETF | 0.00% | 0.00% | 0.00% | 0.96% | 0.37% | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% |
Drawdowns
BBP vs. BTEC - Drawdown Comparison
The maximum BBP drawdown since its inception was -44.32%, smaller than the maximum BTEC drawdown of -62.91%. Use the drawdown chart below to compare losses from any high point for BBP and BTEC. For additional features, visit the drawdowns tool.
Volatility
BBP vs. BTEC - Volatility Comparison
The current volatility for Virtus LifeSci Biotech Products ETF (BBP) is 6.90%, while Principal Healthcare Innovators Index ETF (BTEC) has a volatility of 8.32%. This indicates that BBP experiences smaller price fluctuations and is considered to be less risky than BTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.