How Will Biotech ETFs React To These Q4 Earnings Releases?

Biotech ETFs in Focus

In the current scenario, we believe it is prudent to discuss a few ETFs which have a relatively wider exposure to the companies discussed above.

iShares Nasdaq Biotechnology ETF IBB

This fund seeks to provide exposure to U.S. biotechnology and pharmaceutical stocks and tracks the Nasdaq Biotechnology Index. It comprises 282 holdings with the above-mentioned companies taking about 19.7% of the fund. It has AUM of $10.95 billion and charges a fee of 46 basis points a year. IBB has returned about 1% since Feb 2 (as of Feb 5). The fund carries a Zacks ETF Rank #2 (Buy), with a High-risk outlook (read: Novavax (NVAX) ETFs to Rise on Impressive Coronavirus Vaccine Update).

VanEck Vectors Biotech ETF BBH

The underlying MVIS US Listed Biotech 25 Index tracks the overall performance of companies involved in the development and production, marketing and sales of drugs based on genetic analysis and diagnostic equipment. It holds about 24 securities in its basket, with the concerned companies having 28.04% weight in the fund. Its AUM is $523.6 million and expense ratio is 0.35%. BBH has gained 0.6% since Feb 2 (as of Feb 5). The fund currently carries a Zacks ETF Rank #3 (Hold), with a High-risk outlook (see all Health Care ETFs here).

SPDR S&P Biotech ETF XBI

The fund seeks daily investment results, before fees and expenses, which match the S&P Biotechnology Select Industry Index. It holds about 170 securities in its basket and puts some weight in-focus companies. Its AUM is $7.94 billion and expense ratio is 0.35%. XBI has lost 0.3% since Feb 2 (as of Feb 5). The fund carries a Zacks ETF Rank #2, with a High-risk outlook (read: Can Moderna ETFs Gain on COVID Vaccine Update Against Variants?).

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