BTEC vs. FSLSX
Compare and contrast key facts about Principal Healthcare Innovators Index ETF (BTEC) and Fidelity Value Strategies Fund (FSLSX).
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. FSLSX is managed by Fidelity. It was launched on Dec 31, 1983.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTEC or FSLSX.
Key characteristics
| BTEC | FSLSX | |
|---|---|---|
| YTD Return | -4.38% | 2.24% |
| 1Y Return | -1.70% | 21.44% |
| 3Y Return (Ann) | -16.44% | 7.41% |
| 5Y Return (Ann) | 1.50% | 12.82% |
| Sharpe Ratio | -0.00 | 1.27 |
| Daily Std Dev | 26.61% | 16.54% |
| Max Drawdown | -62.91% | -68.98% |
| Current Drawdown | -50.45% | -5.74% |
Correlation
The correlation between BTEC and FSLSX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTEC vs. FSLSX - Performance Comparison
In the year-to-date period, BTEC achieves a -4.38% return, which is significantly lower than FSLSX's 2.24% 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. FSLSX - Expense Ratio Comparison
BTEC has a 0.42% expense ratio, which is lower than FSLSX's 0.86% expense ratio.
Risk-Adjusted Performance
BTEC vs. FSLSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Healthcare Innovators Index ETF (BTEC) and Fidelity Value Strategies Fund (FSLSX). 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. FSLSX - Dividend Comparison
BTEC has not paid dividends to shareholders, while FSLSX's dividend yield for the trailing twelve months is around 2.44%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FSLSX Fidelity Value Strategies Fund | 2.44% | 2.49% | 2.13% | 7.29% | 0.84% | 4.84% | 14.59% | 8.02% | 21.45% | 1.26% | 0.97% | 0.80% |
Drawdowns
BTEC vs. FSLSX - Drawdown Comparison
The maximum BTEC drawdown since its inception was -62.91%, smaller than the maximum FSLSX drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for BTEC and FSLSX. For additional features, visit the drawdowns tool.
Volatility
BTEC vs. FSLSX - Volatility Comparison
Principal Healthcare Innovators Index ETF (BTEC) has a higher volatility of 7.97% compared to Fidelity Value Strategies Fund (FSLSX) at 4.29%. This indicates that BTEC's price experiences larger fluctuations and is considered to be riskier than FSLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.