When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NVTA - XBI: Biotech ETF Expected To Outperform During And After The Coronavirus Pandemic
Invitae Corporation
As the health crisis spirals into a financial one, the liquidation and panic selling have indiscriminately hit sectors across the board. The biotechs were no exception, with the S&P Biotech ETF (XBI) plummeting -20% on the year in tandem with the S&P 500 (SPY).
Source: WingCapital Investments
On the other hand, its peer Nasdaq Biotech ETF (IBB) as well as the broader health care sector (XLV) have notably outperformed over the past year:
As of 03/27/2020
The biggest culprit of XBI's underperformance is its heavier allocation to mid-cap and