PY vs. BTEC

Last updated Jun 4, 2026

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

Performance

PY vs. BTEC - Performance Comparison

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

Returns By Period

PY

• 1D: -0.49%
• 1M: 1.70%
• YTD: 4.14%
• 6M: 4.52%
• 1Y: 14.24%
• 3Y*: 13.22%
• 5Y*: 7.32%
• 10Y*: 10.73%

BTEC

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

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

PY vs. BTEC - Yearly Performance Comparison

	2026 (YTD)
PY Principal Value ETF	0.76%
BTEC Principal Healthcare Innovators Index ETF	0.00%

PY vs. BTEC - Sectors Allocation Comparison

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

Return for Risk

PY vs. BTEC — Risk / Return Rank

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

PY

PY Risk / Return Rank: 41
PY Sharpe Ratio Rank: 38
PY Sortino Ratio Rank: 39
PY Omega Ratio Rank: 37
PY Calmar Ratio Rank: 47
PY Martin Ratio Rank: 47

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.

PY vs. BTEC - Risk-Adjusted Trends Comparison

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

	PY	BTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.36	—	—
Sortino ratio: Return per unit of downside risk	2.00	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.31	—	—
Martin ratio: Return relative to average drawdown	7.73	—	—
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

	PY	BTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
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

PY vs. BTEC - Drawdown Comparison

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

Drawdown Indicators

	PY	BTEC	Difference
Max Drawdown Largest peak-to-trough decline	-45.44%	0.00%	-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	-1.00%	0.00%	-1.00%
Average Drawdown Average peak-to-trough decline	-5.05%	0.00%	-5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	—	—

Volatility

Volatility by Period

	PY	BTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.53%	0.00%	+10.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.77%	0.00%	+15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.07%	0.00%	+20.07%

PY vs. BTEC - Expense Ratio Comparison

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

Dividends

PY vs. BTEC - Dividend Comparison

PY's dividend yield for the trailing twelve months is around 2.13%, 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%
PY Principal Value ETF	2.13%	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, PY or BTEC?

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, PY or BTEC?

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

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

PY has the higher dividend yield at 2.13%, compared with 0.00% for BTEC.

What is the main difference between PY and BTEC?

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