(Pexels)
Next to technology, healthcare has been the top-performing sector so far this year. Equities in the sector saw moderate declines during the March crash as investors discount higher revenue for many firms. Since the market's March lows, the Health Care Select Sect SPDR ETF's (XLV) performance has been in the middle-of-the-pack as valuations are generally high in the sector.
With Healthcare among the best-performing and least volatile sectors, investors are likely looking at it as a defensive play against COVID-19. Indeed, some companies will likely see higher sales due to