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Large-Cap Healthcare Coming Back to Life?

JC Parets

In 2018, the trend of small-cap healthcare outperformance over large-cap counterparts accelerated aggressively, with the Invesco S&P SmallCap Health Care ETF ( PSCH) returning 30.50% year to date (YTD) and the large-cap Health Care Select Sector SPDR ETF ( XLV) up a meager 1.70%. This suggests at the very least that we don't want to be short on a relative basis.