The iShares Biotechnology ETF (NASDAQ: IBB) has delivered a solid double-digit percentage gain. Meanwhile, the SPDR S&P Biotech ETF (NYSEMKT: XBI) is in negative territory year to date and is close to 25% below its February highs. The key to success for the iShares Biotechnology ETF (IBB) has been Moderna (NASDAQ: MRNA).
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