BTEC vs. PY

Last updated Jun 5, 2026

BTEC (Principal Healthcare Innovators Index ETF) and PY (Principal Value ETF) are both exchange-traded funds - BTEC is a Health & Biotech Equities fund tracking the NASDAQ U.S. Health Care Innovators Index, while PY is a Large Cap Value Equities fund actively managed by Principal. BTEC is passively managed, while PY is actively managed. BTEC charges 0.42%/yr vs 0.15%/yr for PY.

Performance

BTEC vs. PY - Performance Comparison

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

Returns By Period

BTEC

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

PY

• 1D: 0.76%
• 1M: 1.76%
• YTD: 4.93%
• 6M: 5.16%
• 1Y: 15.58%
• 3Y*: 13.68%
• 5Y*: 7.49%
• 10Y*: 10.73%

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

BTEC vs. PY - Yearly Performance Comparison

	2026 (YTD)
BTEC Principal Healthcare Innovators Index ETF	0.00%
PY Principal Value ETF	1.53%

BTEC vs. PY - Sectors Allocation Comparison

Sectors	BTEC	PY
Healthcare	99.4%	12.0%
Industrials	0.6%	9.3%
Basic Materials	-	1.2%
Communication Services	-	5.1%
Consumer Cyclical	-	11.0%
Consumer Defensive	-	11.5%
Energy	-	5.6%
Financial Services	-	16.5%
Real Estate	-	1.1%
Technology	-	25.0%
Utilities	-	1.7%

Return for Risk

BTEC vs. PY — Risk / Return Rank

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

PY

PY Risk / Return Rank: 46
PY Sharpe Ratio Rank: 43
PY Sortino Ratio Rank: 44
PY Omega Ratio Rank: 42
PY Calmar Ratio Rank: 52
PY Martin Ratio Rank: 51

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.

BTEC vs. PY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Healthcare Innovators Index ETF (BTEC) and Principal Value ETF (PY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BTEC	PY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.49	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.54	—

Drawdowns

BTEC vs. PY - Drawdown Comparison

The maximum BTEC drawdown since its inception was 0.00%, smaller than the maximum PY drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for BTEC and PY.

Drawdown Indicators

	BTEC	PY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-45.44%	+45.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.44%	—
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	0.00%	-5.05%	+5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.85%	—

Volatility

Volatility by Period

	BTEC	PY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	10.52%	-10.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	15.77%	-15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	20.07%	-20.07%

BTEC vs. PY - Expense Ratio Comparison

BTEC has a 0.42% expense ratio, which is higher than PY's 0.15% expense ratio.

Dividends

BTEC vs. PY - Dividend Comparison

BTEC has not paid dividends to shareholders, while PY's dividend yield for the trailing twelve months is around 2.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BTEC Principal Healthcare Innovators Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PY Principal Value ETF	2.11%	2.14%	2.22%	2.68%	3.02%	2.83%	2.95%	2.25%	2.34%	1.68%	1.85%

Frequently Asked Questions

Which ETF is better, BTEC or PY?

On fees, PY is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTEC or PY?

PY is cheaper with a 0.15% expense ratio, compared with 0.42% for BTEC.

Which ETF pays a higher dividend yield, BTEC or PY?

PY has the higher dividend yield at 2.11%, compared with 0.00% for BTEC.

What is the main difference between BTEC and PY?

BTEC is categorized as Health & Biotech Equities, while PY is Large Cap Value Equities. Their fees differ too: 0.42% for BTEC and 0.15% for PY.