Principal Etf Profile
The performance scores are derived for the period starting the 16th of December 2024 and ending today, the 16th of March 2025. Click here to learn more.
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RefreshPrincipal Etf Highlights
| Old Name | Principal Healthcare Innovators ETF |
| Business Concentration | Health, Principal Funds (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 8.7 |
| Name | Principal Healthcare Innovators ETF |
| Currency Code | USD |
| Open Figi | BBG00DM1BCP8 |
| In Threey Volatility | 27.27 |
| 1y Volatility | 35.1 |
| 200 Day M A | 35.482 |
| 50 Day M A | 37.4565 |
| Code | BTEC |
| Updated At | 4th of August 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.41) |
| Type | ETF |
Principal [BTEC] is traded in USA and was established 2016-08-19. The fund is listed under Health category and is part of Principal Funds family. Principal currently have 58.39 M in assets under management (AUM). , while the total return for the last 3 years was -10.6%.
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Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Principal Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Principal Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Principal Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Principal Etf Constituents
| TDOC | Teladoc | Stock | Health Care | |
| INCY | Incyte | Stock | Health Care | |
| XRAY | Dentsply Sirona | Stock | Health Care | |
| PODD | Insulet | Stock | Health Care | |
| ARRY | Array Technologies | Stock | Industrials | |
| TFX | Teleflex Incorporated | Stock | Health Care | |
| EXAS | EXACT Sciences | Stock | Health Care | |
| ELAN | Elanco Animal Health | Stock | Health Care |
Principal Against Markets
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Principal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Principal etf to make a market-neutral strategy. Peer analysis of Principal could also be used in its relative valuation, which is a method of valuing Principal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Other Tools for Principal Etf
When running Principal's price analysis, check to measure Principal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Principal is operating at the current time. Most of Principal's value examination focuses on studying past and present price action to predict the probability of Principal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Principal's price. Additionally, you may evaluate how the addition of Principal to your portfolios can decrease your overall portfolio volatility.
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