BTEC vs. IBBQ ETF Comparison

Comparison of Principal Healthcare Innovators Index ETF (BTEC) to Invesco Nasdaq Biotechnology ETF (IBBQ)

BTEC

Principal Healthcare Innovators Index ETF

BTEC Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq Healthcare Innovators Index (the "index"). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities in the Nasdaq US Benchmark Index (including growth and value stock) that are small and medium capitalization U.S. healthcare companies.

Grade (RS Rating)

Last Trade

$35.10

Average Daily Volume

6,283

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

IBBQ

Invesco Nasdaq Biotechnology ETF

IBBQ Description

The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.06

Average Daily Volume

17,615

Number of Holdings ^*

204

* may have additional holdings in another (foreign) market

Performance

Period	BTEC	IBBQ
30 Days	-7.68%	-5.05%
60 Days	-9.02%	-5.09%
90 Days	-3.17%	-5.35%
12 Months	1.01%	1.05%

137 Overlapping Holdings

Symbol	Grade	Weight in BTEC	Weight in IBBQ	Overlap
ABUS	B	0.14%	0.05%	0.05%
ACLX	D	0.63%	0.31%	0.31%
ACRS	D	0.05%	0.01%	0.01%
ADMA	A	0.36%	0.16%	0.16%
ADPT	F	0.11%	0.04%	0.04%
AGIO	A	0.44%	0.19%	0.19%
AKRO	F	0.32%	0.13%	0.13%
ALEC	D	0.13%	0.05%	0.05%
ALLO	F	0.13%	0.06%	0.06%
ALNY	F	3.27%	2.05%	2.05%
ALPN	A	1.01%	0.47%	0.47%
ALXO	A	0.24%	0.08%	0.08%
ANAB	D	0.14%	0.06%	0.06%
APLS	F	1.33%	0.64%	0.64%
ARCT	F	0.18%	0.08%	0.08%
ARDX	D	0.36%	0.17%	0.17%
ARQT	D	0.25%	0.1%	0.1%
ARVN	D	0.51%	0.27%	0.27%
ARWR	F	0.63%	0.33%	0.33%
AUPH	F	0.19%	0.08%	0.08%
AVXL	F	0.08%	0.03%	0.03%
AXSM	D	0.79%	0.38%	0.38%
BBIO	D	1.04%	0.49%	0.49%
BCRX	F	0.22%	0.1%	0.1%
BEAM	F	0.42%	0.22%	0.22%
BLUE	F	0.06%	0.02%	0.02%
BMEA	F	0.11%	0.04%	0.04%
BPMC	B	1.28%	0.62%	0.62%
CABA	F	0.15%	0.06%	0.06%
CGEM	A	0.22%	0.07%	0.07%
CHRS	F	0.07%	0.03%	0.03%
COGT	F	0.17%	0.08%	0.08%
CRBU	F	0.1%	0.04%	0.04%
CRNX	B	0.77%	0.34%	0.34%
CYTK	D	1.53%	0.76%	0.76%
DAWN	B	0.29%	0.15%	0.15%
DCPH	A	0.29%	0.13%	0.13%
DNLI	F	0.49%	0.25%	0.25%
DYN	C	0.46%	0.23%	0.23%
EDIT	F	0.12%	0.05%	0.05%
ELVN	B	0.19%	0.08%	0.08%
EOLS	D	0.18%	0.07%	0.07%
ERAS	D	0.09%	0.03%	0.03%
ETNB	F	0.2%	0.1%	0.1%
EWTX	B	0.36%	0.16%	0.16%
EYPT	D	0.21%	0.09%	0.09%
FDMT	D	0.29%	0.15%	0.15%
FOLD	F	0.7%	0.36%	0.36%
GERN	A	0.47%	0.23%	0.23%
HROW	F	0.1%	0.04%	0.04%
HUMA	B	0.14%	0.04%	0.04%
IDYA	C	0.68%	0.31%	0.31%
ILMN	D	3.0%	2.13%	2.13%
IMVT	F	0.94%	0.47%	0.47%
INBX	D	0.39%	0.18%	0.18%
INSM	F	0.86%	0.4%	0.4%
IONS	D	1.41%	0.67%	0.67%
IOVA	D	0.75%	0.35%	0.35%
IRON	F	0.16%	0.07%	0.07%
ITCI	B	1.61%	0.81%	0.81%
ITOS	D	0.11%	0.04%	0.04%
JANX	A	0.59%	0.28%	0.28%
KALV	D	0.13%	0.05%	0.05%
KNSA	C	0.19%	0.08%	0.08%
KROS	D	0.46%	0.22%	0.22%
KURA	C	0.35%	0.15%	0.15%
KYMR	D	0.49%	0.23%	0.23%
LXRX	F	0.11%	0.05%	0.05%
LYEL	D	0.16%	0.07%	0.07%
MDGL	F	0.89%	0.48%	0.48%
MGNX	D	0.23%	0.11%	0.11%
MGTX	F	0.09%	0.03%	0.03%
MIRM	D	0.29%	0.13%	0.13%
MLYS	D	0.15%	0.05%	0.05%
MORF	F	0.34%	0.16%	0.16%
MRNA	B	3.39%	4.46%	3.39%
MRNS	F	0.02%	0.01%	0.01%
MRVI	D	0.25%	0.11%	0.11%
MYGN	D	0.39%	0.19%	0.19%
NRIX	D	0.16%	0.07%	0.07%
NTLA	F	0.46%	0.23%	0.23%
NUVL	D	0.9%	0.42%	0.42%
NVAX	F	0.15%	0.06%	0.06%
NVCR	F	0.32%	0.14%	0.14%
OABI	F	0.14%	0.06%	0.06%
OCUL	F	0.16%	0.06%	0.06%
OLMA	D	0.15%	0.06%	0.06%
ORIC	F	0.13%	0.07%	0.07%
PACB	F	0.09%	0.05%	0.05%
PCVX	D	1.5%	0.75%	0.75%
PGEN	D	0.11%	0.04%	0.04%
PHAT	F	0.15%	0.06%	0.06%
PLRX	F	0.19%	0.08%	0.08%
PRME	F	0.13%	0.06%	0.06%
PRTA	F	0.27%	0.13%	0.13%
PTCT	C	0.47%	0.22%	0.22%
PTGX	D	0.35%	0.17%	0.17%
RAPT	F	0.09%	0.03%	0.03%
RARE	D	0.84%	0.4%	0.4%
RCKT	F	0.48%	0.24%	0.24%
REPL	F	0.11%	0.04%	0.04%
RGNX	F	0.2%	0.08%	0.08%
RLAY	F	0.21%	0.09%	0.09%
RNA	A	0.46%	0.21%	0.21%
RVMD	A	1.35%	0.67%	0.67%
RVNC	F	0.1%	0.04%	0.04%
RXRX	F	0.39%	0.19%	0.19%
RYTM	D	0.54%	0.26%	0.26%
SAGE	F	0.21%	0.09%	0.09%
SANA	B	0.45%	0.2%	0.2%
SIGA	B	0.17%	0.07%	0.07%
SMMT	D	0.59%	0.27%	0.27%
SNDX	C	0.42%	0.2%	0.2%
SPRY	D	0.2%	0.09%	0.09%
SRPT	B	2.73%	1.23%	1.23%
SRRK	D	0.27%	0.11%	0.11%
SVRA	D	0.17%	0.07%	0.07%
SWTX	C	0.76%	0.35%	0.35%
TARS	D	0.3%	0.12%	0.12%
TBPH	D	0.13%	0.05%	0.05%
TERN	F	0.09%	0.03%	0.03%
THRD	B	0.13%	0.05%	0.05%
TVTX	F	0.11%	0.05%	0.05%
TWST	D	0.43%	0.19%	0.19%
URGN	F	0.13%	0.05%	0.05%
VCEL	C	0.52%	0.24%	0.24%
VCYT	D	0.36%	0.17%	0.17%
VERA	D	0.51%	0.23%	0.23%
VERV	F	0.12%	0.06%	0.06%
VIR	F	0.26%	0.12%	0.12%
VTYX	F	0.08%	0.03%	0.03%
VYGR	F	0.12%	0.04%	0.04%
WVE	F	0.15%	0.07%	0.07%
XERS	F	0.08%	0.03%	0.03%
XNCR	D	0.29%	0.12%	0.12%
YMAB	D	0.17%	0.07%	0.07%
ZNTL	F	0.2%	0.1%	0.1%

BTEC Overweight 108 Positions Relative to IBBQ

Symbol	Grade	Weight
NTRA	A	2.52%
EXAS	F	2.43%
CTLT	C	2.3%
CERE	A	1.75%
VKTX	B	1.72%
INSP	B	1.57%
ELAN	D	1.47%
GKOS	B	1.15%
IRTC	C	0.81%
ENOV	C	0.71%
TMDX	A	0.7%
AZTA	D	0.67%
TXG	F	0.66%
PRCT	A	0.63%
TNDM	A	0.56%
CLDX	D	0.55%
ICUI	F	0.54%
NARI	F	0.52%
TGTX	F	0.51%
RXST	A	0.46%
ATEC	F	0.41%
RCUS	D	0.33%
ATRC	F	0.27%
SAVA	B	0.25%
LQDA	D	0.24%
CYRX	D	0.21%
TYRA	D	0.21%
AVNS	D	0.21%
BLFS	B	0.2%
VRDN	F	0.2%
SILK	B	0.19%
FNA	F	0.19%
KIDS	C	0.19%
CTKB	F	0.19%
TMCI	F	0.17%
LBPH	B	0.17%
HLVX	D	0.16%
AVTE	D	0.16%
SIBN	F	0.16%
NUVB	B	0.15%
QTRX	F	0.15%
CDMO	D	0.14%
OFIX	F	0.14%
NKTX	D	0.13%
ANIK	A	0.12%
LRMR	D	0.12%
NVRO	F	0.12%
TRDA	F	0.12%
ZIMV	D	0.12%
AURA	F	0.11%
PLSE	F	0.11%
CELC	D	0.11%
ALT	D	0.11%
PEPG	D	0.11%
CDNA	D	0.11%
SRDX	F	0.11%
HRTX	D	0.11%
CERS	D	0.1%
MRSN	D	0.1%
TNYA	D	0.1%
ANNX	D	0.1%
CRMD	B	0.1%
FATE	F	0.1%
LUNG	F	0.09%
AXGN	F	0.09%
ALDX	C	0.09%
CVRX	F	0.09%
ARAY	F	0.08%
INZY	F	0.08%
MACK	A	0.08%
FENC	D	0.08%
ENTA	D	0.08%
IGMS	D	0.08%
ANGO	D	0.08%
CDXS	D	0.07%
RIGL	F	0.07%
STRO	F	0.07%
ATNM	D	0.07%
AKYA	F	0.07%
XFOR	D	0.07%
QSI	F	0.07%
OMER	F	0.07%
TSVT	D	0.07%
MCRB	D	0.06%
KOD	F	0.06%
ACET	F	0.06%
INGN	D	0.06%
OM	D	0.06%
SCPH	F	0.06%
RCEL	F	0.06%
PSTX	F	0.06%
SGMO	F	0.05%
EBS	F	0.05%
KPTI	F	0.05%
PDSB	F	0.05%
BTAI	F	0.05%
BFLY	F	0.05%
OMGA	F	0.05%
PMVP	D	0.05%
ATRA	F	0.05%
CUTR	D	0.05%
MURA	F	0.04%
GNLX	F	0.04%
FGEN	F	0.04%
BCAB	D	0.04%
ALLK	F	0.04%
GRTS	F	0.03%
EYEN	F	0.03%

BTEC Underweight 67 Positions Relative to IBBQ

Symbol	Grade	Weight
AMGN	B	-8.69%
VRTX	D	-8.31%
REGN	D	-8.16%
GILD	F	-8.12%
AZN	A	-4.56%
BIIB	D	-3.15%
BMRN	D	-1.88%
NBIX	B	-1.49%
VTRS	C	-1.49%
SNY	C	-1.44%
RPRX	D	-1.39%
INCY	F	-1.3%
MEDP	B	-1.29%
ARGX	D	-1.28%
UTHR	A	-1.23%
BNTX	F	-0.95%
ASND	D	-0.91%
EXEL	A	-0.77%
JAZZ	F	-0.76%
BGNE	D	-0.61%
HALO	D	-0.55%
CRSP	F	-0.5%
KRYS	D	-0.49%
ALKS	D	-0.45%
LEGN	F	-0.42%
FTRE	C	-0.35%
XENE	C	-0.34%
ACAD	F	-0.31%
MRUS	B	-0.26%
GH	F	-0.24%
IMCR	D	-0.22%
AMPH	D	-0.22%
HRMY	D	-0.19%
SUPN	D	-0.18%
DVAX	F	-0.17%
FUSN	A	-0.17%
ANIP	C	-0.15%
LGND	D	-0.14%
PCRX	F	-0.14%
GMAB	D	-0.14%
IRWD	F	-0.14%
ABCL	F	-0.13%
VRNA	F	-0.12%
MNKD	D	-0.12%
COLL	C	-0.12%
INVA	B	-0.1%
BCYC	D	-0.09%
ZLAB	F	-0.08%
GRFS	F	-0.08%
AUTL	F	-0.07%
HCM	A	-0.06%
CSTL	B	-0.06%
CVAC	F	-0.06%
CNTA	D	-0.06%
GLPG	F	-0.06%
FULC	D	-0.05%
TSHA	D	-0.05%
PETQ	D	-0.05%
AMRN	F	-0.04%
QURE	F	-0.03%
ACIU	F	-0.03%
PAHC	A	-0.03%
VNDA	B	-0.03%
ATAI	D	-0.03%
ME	D	-0.02%
OVID	D	-0.02%
RPHM	D	-0.01%

IBBQ: Top Represented Industries & Keywords

Industries: Biotechnology Drug Manufacturers - Specialty & Generic Diagnostics & Research Drug Manufacturers - Major Long-Term Care Facilities Medical Instruments & Supplies