BMED vs. BTEC

Last updated Apr 2, 2026

Compare and contrast key facts about Future Health ETF (BMED) and Principal Healthcare Innovators Index ETF (BTEC).

BMED and BTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BMED is an actively managed fund by BlackRock. It was launched on Sep 29, 2020. 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.

Performance

BMED vs. BTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Future Health ETF (BMED) and Principal Healthcare Innovators Index ETF (BTEC). The values are adjusted to include any dividend payments, if applicable.

BMED vs. BTEC - Yearly Performance Comparison

	2026 (YTD)
BMED Future Health ETF	-6.05%
BTEC Principal Healthcare Innovators Index ETF	0.00%

Returns By Period

BMED

• 1D: 0.34%
• 1M: -5.51%
• YTD: -4.26%
• 6M: 5.68%
• 1Y: 22.21%
• 3Y*: 7.39%
• 5Y*: 0.40%
• 10Y*: —

BTEC

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMED vs. BTEC - Expense Ratio Comparison

BMED has a 0.85% expense ratio, which is higher than BTEC's 0.42% expense ratio.

BMED

Future Health ETF

BTEC

Principal Healthcare Innovators Index ETF

Return for Risk

BMED vs. BTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMED

BMED Risk / Return Rank: 61
BMED Sharpe Ratio Rank: 66
BMED Sortino Ratio Rank: 66
BMED Omega Ratio Rank: 61
BMED Calmar Ratio Rank: 58
BMED Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMED vs. BTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Future Health ETF (BMED) 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.

	BMED	BTEC	Difference
Sharpe ratio Return per unit of total volatility	1.23	—	—
Sortino ratio Return per unit of downside risk	1.75	—	—
Omega ratio Gain probability vs. loss probability	1.24	—	—
Calmar ratio Return relative to maximum drawdown	1.60	—	—
Martin ratio Return relative to average drawdown	5.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BMED	BTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	—	—

Dividends

BMED vs. BTEC - Dividend Comparison

Neither BMED nor BTEC has paid dividends to shareholders.

	TTM	2025	2024	2023
BMED Future Health ETF	0.00%	0.00%	0.00%	0.03%
BTEC Principal Healthcare Innovators Index ETF	0.00%	0.00%	0.00%	0.00%

Drawdowns

BMED vs. BTEC - Drawdown Comparison

The maximum BMED drawdown since its inception was -36.44%, which is greater than BTEC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BMED and BTEC.

Drawdown Indicators

	BMED	BTEC	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	0.00%	-36.44%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	—	—
Current Drawdown Current decline from peak	-10.30%	0.00%	-10.30%
Average Drawdown Average peak-to-trough decline	-19.30%	0.00%	-19.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	—	—

Volatility

Volatility by Period

	BMED	BTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.24%	0.00%	+18.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	0.00%	+17.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.81%	0.00%	+17.81%