Notice the utter collapse in the ETF relative to the broader market since April of this year. The underperformance has been unrelenting and very consistent month after month.
If a true recovery is at hand in homebuilding, then the above ETF should benefit directly making this a potential great buying opportunity for longer-term investors. With the ETF around levels last seen around the flash crash of 2010, now might be an interesting time to bet on mean reversion in the group.
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