BTEC vs. ARKG
Compare and contrast key facts about Principal Healthcare Innovators Index ETF (BTEC) and ARK Genomic Revolution Multi-Sector ETF (ARKG).
BTEC and ARKG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKG is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTEC or ARKG.
Key characteristics
| BTEC | ARKG | |
|---|---|---|
| YTD Return | -1.19% | -26.94% |
| 1Y Return | 3.96% | -15.18% |
| 3Y Return (Ann) | -15.50% | -35.29% |
| 5Y Return (Ann) | 1.85% | -5.62% |
| Sharpe Ratio | 0.06 | -0.44 |
| Daily Std Dev | 26.76% | 40.27% |
| Max Drawdown | -62.91% | -80.10% |
| Current Drawdown | -48.80% | -78.55% |
Correlation
The correlation between BTEC and ARKG is 0.77, 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
BTEC vs. ARKG - Performance Comparison
In the year-to-date period, BTEC achieves a -1.19% return, which is significantly higher than ARKG's -26.94% 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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BTEC vs. ARKG - Expense Ratio Comparison
BTEC has a 0.42% expense ratio, which is lower than ARKG's 0.75% expense ratio.
Risk-Adjusted Performance
BTEC vs. ARKG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Healthcare Innovators Index ETF (BTEC) and ARK Genomic Revolution Multi-Sector ETF (ARKG). 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
BTEC vs. ARKG - Dividend Comparison
Neither BTEC nor ARKG has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BTEC Principal Healthcare Innovators Index ETF | 0.00% | 0.00% | 0.00% | 0.96% | 0.37% | 0.00% | 0.00% | 0.13% |
ARKG ARK Genomic Revolution Multi-Sector ETF | 0.00% | 0.00% | 0.00% | 0.62% | 0.85% | 3.14% | 1.94% | 1.34% |
Drawdowns
BTEC vs. ARKG - Drawdown Comparison
The maximum BTEC drawdown since its inception was -62.91%, smaller than the maximum ARKG drawdown of -80.10%. Use the drawdown chart below to compare losses from any high point for BTEC and ARKG. For additional features, visit the drawdowns tool.
Volatility
BTEC vs. ARKG - Volatility Comparison
The current volatility for Principal Healthcare Innovators Index ETF (BTEC) is 8.29%, while ARK Genomic Revolution Multi-Sector ETF (ARKG) has a volatility of 10.82%. This indicates that BTEC experiences smaller price fluctuations and is considered to be less risky than ARKG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.