PSET vs. BTEC

Last updated Jun 4, 2026

PSET (Principal Quality ETF) and BTEC (Principal Healthcare Innovators Index ETF) are both exchange-traded funds - PSET is a Large Cap Growth Equities fund tracking the NASDAQ US Price Setters, while BTEC is a Health & Biotech Equities fund tracking the NASDAQ U.S. Health Care Innovators Index. Both are passively managed. PSET charges 0.15%/yr vs 0.42%/yr for BTEC.

Performance

PSET vs. BTEC - Performance Comparison

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

Returns By Period

PSET

• 1D: -0.77%
• 1M: 2.67%
• YTD: -0.49%
• 6M: -0.66%
• 1Y: 7.57%
• 3Y*: 12.93%
• 5Y*: 8.86%
• 10Y*: 12.73%

BTEC

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

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

PSET vs. BTEC - Yearly Performance Comparison

	2026 (YTD)
PSET Principal Quality ETF	1.14%
BTEC Principal Healthcare Innovators Index ETF	0.00%

PSET vs. BTEC - Sectors Allocation Comparison

Sectors	PSET	BTEC
Technology	37.9%	-
Industrials	19.1%	0.6%
Financial Services	14.3%	-
Healthcare	10.8%	99.4%
Communication Services	6.7%	-
Consumer Cyclical	5.4%	-
Basic Materials	3.3%	-
Energy	1.4%	-
Consumer Defensive	1.1%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PSET vs. BTEC — Risk / Return Rank

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

PSET

PSET Risk / Return Rank: 18
PSET Sharpe Ratio Rank: 19
PSET Sortino Ratio Rank: 18
PSET Omega Ratio Rank: 18
PSET Calmar Ratio Rank: 16
PSET Martin Ratio Rank: 18

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.

PSET vs. BTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Quality ETF (PSET) 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.

	PSET	BTEC	Difference
Sharpe ratio: Return per unit of total volatility	0.60	—	—
Sortino ratio: Return per unit of downside risk	0.92	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.59	—	—
Martin ratio: Return relative to average drawdown	1.98	—	—
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

	PSET	BTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	—	—

Drawdowns

PSET vs. BTEC - Drawdown Comparison

The maximum PSET drawdown since its inception was -34.74%, which is greater than BTEC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PSET and BTEC.

Drawdown Indicators

	PSET	BTEC	Difference
Max Drawdown Largest peak-to-trough decline	-34.74%	0.00%	-34.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.74%	—	—
Current Drawdown Current decline from peak	-2.59%	0.00%	-2.59%
Average Drawdown Average peak-to-trough decline	-4.59%	0.00%	-4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	—	—

Volatility

Volatility by Period

	PSET	BTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	0.00%	+12.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	0.00%	+17.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	0.00%	+18.06%

PSET vs. BTEC - Expense Ratio Comparison

PSET has a 0.15% expense ratio, which is lower than BTEC's 0.42% expense ratio.

Dividends

PSET vs. BTEC - Dividend Comparison

PSET's dividend yield for the trailing twelve months is around 0.63%, while BTEC has not paid dividends to shareholders.

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%
PSET Principal Quality ETF	0.63%	0.59%	0.69%	0.85%	1.47%	0.89%	1.09%	1.52%	1.33%	1.02%	1.26%

Frequently Asked Questions

Which ETF is better, PSET or BTEC?

On fees, PSET 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, PSET or BTEC?

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

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

PSET has the higher dividend yield at 0.63%, compared with 0.00% for BTEC.

What is the main difference between PSET and BTEC?

PSET is categorized as Large Cap Growth Equities, while BTEC is Health & Biotech Equities. PSET tracks NASDAQ US Price Setters, while BTEC tracks NASDAQ U.S. Health Care Innovators Index. Their fees differ too: 0.15% for PSET and 0.42% for BTEC.