Related: Healthcare ETFs Could Be Second Half Rebound Ideas
The health care sector has fallen off, notably the previously high-flying biotech sub-sector after investors shunned growth names in a year of heightened volatility.
On the other hand, analysts are most pessimistic about the energy sector based on the percentage of sell ratings at the end of June – health care had the lowest selling rating of all 10 sectors.
Year-to-date, the Energy Select Sector SPDR (NYSEArca: XLE) rose 13.5%, Vanguard Energy ETF (NYSEArca: VDE) gained 14.7% and iShares U.S. Energy ETF (NYSEArca: IYE) increased 13.6%.
Related: Supply Concerns Linger for Oil ETFs
Energy stocks have rebounded this year on the improving oil prices. However, the recovery in crude oil is beginning to stall on weak fundamentals.
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