Despite recent pullbacks, exchange-traded funds in the biotech sector continue to outperform the market.The S&P 500 has lost 32% year to date. While the major biotech ETFs have faced resistance, their performance has been nowhere close to that experienced by the broader market indices. So far this year the SPDR Biotech ETF (XBI) and the iShares Nasdaq Biotechnology Fund (IBB) are down only 9.7% and 11.6%, respectively. The Biotech HOLDRS Trust (BBH) is actually up 0.3% year to date.
Biotech ETFs Show Resiliency
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