The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

5 Biggest Biotechnology ETFs in 2024

by March 8, 2024
March 8, 2024
5 Biggest Biotechnology ETFs in 2024

Investing in the biotech industry can be a long road to gains given the sector’s volatility.

Even with a good understanding of the system, no one can predict which treatment, device or therapy will give the biggest return, making biotech exchange-traded funds (ETFs) a more secure option than individual biotech stocks.

An ETF is a relatively safe investment route that can minimize losses while offering exposure to multiple companies instead of focusing on the gains and losses of a single biotech stock. With that in mind, here’s a brief look at the five top biotechnology ETFs by total assets. Data was sourced from ETFdb.com on March 1, 2024, and all data was current as of that time.

1. SPDR S&P Biotech ETF (ARCA:XBI)

Company Profile

Total assets: US$8.153 billion

Established on February 6, 2006, the SPDR S&P Biotech ETF is a largely balanced fund in terms of weight that focuses mostly on biotech companies with some pharmaceutical companies. As noted by ETF.com, it focuses on small- and micro-cap companies, which makes the weight of each holding smaller than the holdings of other ETFs in this sector.

The SPDR S&P Biotech ETF has 122 companies in its portfolio, with the top three being: Viking Therapeutics (NASDAQ:VKTX) which has a 4.5 percent weighting; Iovance Biotherapeutics (NASDAQ:IOVA) weighted at 2.5 percent; and Cytokinetics (NASDAQ:CYTK) with a 2.22 percent weight.

2. iShares NASDAQ Biotechnology ETF (NASDAQ:IBB)

Company Profile

Total assets: US$7.78 billion

The iShares NASDAQ Biotechnology ETF was launched on February 5, 2001, and tracks 220 holdings. This iShares ETF is a diversified fund in that it provides exposure to biotechnology, pharmaceutical and life science tools and services. Its overarching investment goal is to track NASDAQ-listed companies focused on these areas.

Its top three holdings are: Vertex Pharmaceuticals (NASDAQ:VRTX), weighted at 8.82 percent; Regeneron Pharmaceuticals (NASDAQ:REGN) with a 8.72 percent weight; and Amgen (NASDAQ:AMGN) at a weight of 7.55 percent.

3. ARK Genomic Revolution Multi-Sector ETF (ARCA:ARKG)

Company Profile

Total assets: US$1.915 billion

The ARK Genomic Revolution Multi-Sector ETF came into existence on October 31, 2014, and tracks 43 holdings. This ETF follows companies that develop products such as CRISPR technology, bioinformatics, molecular diagnostics and stem cells.

This top biotechnology ETF’s three most significant company holdings are: CRISPR Therapeutics (NASDAQ:CRSP), weighted at 8.21 percent; Recursion Pharmaceuticals (NASDAQ:RXRX) at a weight of 6.45 percent; and Twist Bioscience (NASDAQ:TWST) at 5.97 percent.

4. Direxion Daily S&P Biotech Bull 3x Shares ETF (ARCA:LABU)

Company Profile

Total assets: US$1.36 billion

Founded on May 28, 2015, the Direxion Daily S&P Biotech Bull 3x Shares ETF does not mirror an index. Instead, its goal is to obtain daily investment results of at least 300 percent of the S&P Biotechnology Select Industry Index.

Like some of the other ETFs on this list, companies in the Direxion Daily S&P Biotech Bull 3x Shares ETF have an equally weighted average. Its top holdings include: Viking Therapeutics (NASDAQ:VKTX), which has a 3.13 percent weight; Iovance Biotherapeutics with a weight of 1.95 percent; and Cytokinetics at a weight of 1.87 percent.

5. First Trust NYSE Arca Biotechnology Index (ARCA:FBT)

Company Profile

Total assets: US$1.189 billion

The First Trust NYSE Arca Biotechnology ETF entered the market on June 23, 2006, and aims to track the NYSE Arca Biotechnology Index as closely as it can. Companies in this fund are generally involved in areas such as recombinant DNA technology, molecular biology, genetic engineering and genomics.

The fund has only 31 holdings; this means they are largely equally weighted. The top three holdings of the fund are the following large-cap companies: Natera (NASDAQ:NTRA) at a 4.78 percent weighting; Bruker Corporation (NASDAQ:BRKR) representing a 4.09 percent weight, and Halozyme Therapeutics (NASDAQ:HALO), coming in at a 3.89 percent weight.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
How to Invest in Technology (Updated 2024)
next post
IDF says troops fired at ‘suspects’ in deadly food aid incident but denies targeting convoy

You may also like

Charbone Hydrogene etend son expertise grace a un...

Proposed Capital Raising

True North Copper Limited (ASX: TNC) – Trading...

Greenlane Renewables Announces $35.3 Million System Supply Contract...

CanAlaska Uranium Ltd. and Core Nickel Corp. Announce...

Bold Ventures Announces Final Closing of Non-Brokered Private...

Awalé Hits 2.2 g/t Gold Eq. over 29...

Hempalta Announces Issuance of Warrants and TSXV Approval...

Altech Batteries Limited (ASX: ATC) – Reinstatement to...

Top 5 NASDAQ Cybersecurity Stocks in 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • ‘A fear campaign.’ Students around the world are shocked, scared and saddened...

    • North Korea deploys mystery balloon-like objects to stricken warship, satellite photos show

    • NVIDIA Rallies After Strong Q1, AI Demand Outshines China Export Hit

    • US senators meet with Zelensky in Kyiv as doubt cast over upcoming Ukraine-Russia peace talks

    • Israel’s plan to ‘conquer’ Gaza is leaving Palestinians with little place to go: 5 maps show how

    Categories

    • Business (1,673)
    • Investing (4,999)
    • Politics (7,837)
    • World (6,349)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top