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Politics Weigh On Health Care ETFs: (XLV)

TedTed
in The Bullpen
FYI: In a year in which U.S. stocks have been roaring higher, it’s been hard to find pockets of the market that are doing poorly. The S&P 500 has surged 16.7% so far in 2019, sitting close to record highs, and each of the 11 stock market sectors is up—except one.

The exception is health care. Measured by the Health Care Select Sector SDPR Fund (XLV), health care slipped 0.26% in the year-to-date period through April 22, lagging far behind each of the other sectors. Utilities, the second-worst-performing sector, gained 9% in the same period, while every other sector was up double digits, including top-performing technology, with a 26.3% return.
Regards,
Ted
https://www.etf.com/sections/features-and-news/politics-weigh-health-care-etfs?nopaging=1

M* Snapshot XLV:
https://www.morningstar.com/etfs/ARCX/XLV/quote.html
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