Two Sector ETFs Are Quietly Outperforming the S&P 500 Without a Single AI Stock

Core Insights - The article discusses the performance of two sector ETFs, the State Street SPDR S&P Biotech ETF (XBI) and the iShares MSCI Global Silver and Metals Miners ETF (SLVP), which are outperforming the S&P 500 without including any AI stocks [3][4][5]. ETF Performance - The State Street SPDR S&P Biotech ETF (XBI) has achieved a year-to-date (YTD) gain of 25.19%, significantly higher than the S&P 500's average YTD return of 16% [7][8]. - The iShares MSCI Global Silver and Metals Miners ETF (SLVP) has an impressive YTD return of 171.97%, driven by rising silver prices, which recently broke $57 per ounce [9][11]. Sector Analysis - The biotech sector is experiencing a bull run due to advancements in cancer treatment, tissue regeneration, and personalized medicine, contributing to XBI's strong performance [6][7]. - The surge in physical silver prices and increased demand for precious metals have positively impacted SLVP, which specializes in silver mining stocks [9][11]. Financial Metrics - XBI has net assets of $8.334 billion, an average daily volume of 10.59 million shares, and an expense ratio of 0.35% [7]. - SLVP has net assets of $662.85 million, an average daily volume of 508,020 shares, and an expense ratio of 0.39% [11]. Analyst Projections - The 12-month price target consensus for XBI is $159.95, with a high of $223.38, indicating potential for further growth [8]. - For SLVP, the consensus price target is $32.65, with a high of $40.11, although these figures may be revised following the recent surge in silver prices [12].