Second-Best Sector: Healthcare
With more than 31% gains year-to-date for this Russell 3000 sector, healthcare comes in as the second-best sector so far this year.
Thanks to both stable large caps like Johnson & Johnson (JNJ) as well as high-flying biotech Vanda Pharmaceuticals (VNDA), healthcare stocks have managed to nearly double the returns of the broader stock market as measured by the 15% gains in the broader S&P 500 and 16% in the Dow Jones year-to-date.
Healthcare has many appealing factors for investors. It’s a recession-proof sector, since people still get sick and the demographic push of aging baby boomers is creating many more “customers” for the industry.