Published on 22 Apr 2024 on Insider Monkey via Yahoo Finance
10 Best Performing Biotech ETFs in 2024
In this article, we discuss the 10 best performing biotech ETFs in 2024. If you want to skip our detailed introduction to the biotech industry and just want to take a look at some more ETFs, go directly to the 5 Best Performing Biotech ETFs in 2024.
Biotechnology is a challenging field, not ideal for the faint of heart. Companies within this sector often utilize biological components in their product development which require hefty investments. Consequently, biotechnology stocks are notorious for their high-risk levels, making them some of the most volatile assets in the stock market. The prices of these equities can experience dramatic fluctuations, influenced by the outcomes of Food & Drug Administration (FDA) clinical trials and the performance of their treatments in real-world scenarios. In 2020, the biotechnology industry gained significant attention amid the pandemic, particularly with the introduction of COVID-19 vaccines by companies like Pfizer Inc (NYSE:PFE), Moderna, Inc. (NASDAQ:MRNA) and Johnson & Johnson (NYSE:JNJ). However, as society adapted to living with COVID-19 and other economic and political issues came to the forefront, interest in biotech waned.