FSLSX vs. BTEC

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Value Strategies Fund (FSLSX) and Principal Healthcare Innovators Index ETF (BTEC).

FSLSX is managed by Fidelity. It was launched on Dec 31, 1983. 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

FSLSX vs. BTEC - Performance Comparison

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

FSLSX vs. BTEC - Yearly Performance Comparison

	2026 (YTD)
FSLSX Fidelity Value Strategies Fund	-8.90%
BTEC Principal Healthcare Innovators Index ETF	0.00%

Returns By Period

FSLSX

• 1D: -0.87%
• 1M: -8.93%
• YTD: 3.45%
• 6M: 0.11%
• 1Y: 12.54%
• 3Y*: 10.48%
• 5Y*: 7.61%
• 10Y*: 10.15%

BTEC

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

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

FSLSX vs. BTEC - Expense Ratio Comparison

FSLSX has a 0.86% expense ratio, which is higher than BTEC's 0.42% expense ratio.

FSLSX

Fidelity Value Strategies Fund

BTEC

Principal Healthcare Innovators Index ETF

Return for Risk

FSLSX vs. BTEC — Risk / Return Rank

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

FSLSX

FSLSX Risk / Return Rank: 23
FSLSX Sharpe Ratio Rank: 22
FSLSX Sortino Ratio Rank: 22
FSLSX Omega Ratio Rank: 22
FSLSX Calmar Ratio Rank: 23
FSLSX Martin Ratio Rank: 24

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.

FSLSX vs. BTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Strategies Fund (FSLSX) 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.

	FSLSX	BTEC	Difference
Sharpe ratio Return per unit of total volatility	0.53	—	—
Sortino ratio Return per unit of downside risk	0.88	—	—
Omega ratio Gain probability vs. loss probability	1.12	—	—
Calmar ratio Return relative to maximum drawdown	0.68	—	—
Martin ratio Return relative to average drawdown	2.58	—	—
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

	FSLSX	BTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	—	—

Dividends

FSLSX vs. BTEC - Dividend Comparison

Neither FSLSX nor BTEC has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSLSX Fidelity Value Strategies Fund	0.00%	0.00%	10.41%	2.49%	2.13%	7.29%	0.84%	4.84%	14.59%	6.57%	19.71%	1.26%
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%	0.00%

Drawdowns

FSLSX vs. BTEC - Drawdown Comparison

The maximum FSLSX drawdown since its inception was -69.87%, which is greater than BTEC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FSLSX and BTEC.

Drawdown Indicators

	FSLSX	BTEC	Difference
Max Drawdown Largest peak-to-trough decline	-69.87%	0.00%	-69.87%
Max Drawdown (1Y) Largest decline over 1 year	-15.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.98%	—	—
Current Drawdown Current decline from peak	-9.79%	0.00%	-9.79%
Average Drawdown Average peak-to-trough decline	-8.30%	0.00%	-8.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	—	—

Volatility

Volatility by Period

	FSLSX	BTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.86%	0.00%	+23.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	0.00%	+20.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	0.00%	+21.87%