5 Best Performing Healthcare ETFs in 2023

3. ProShares UltraShort Health Care (NYSE:RXD)

Year to date returns: 19.53%

ProShares UltraShort Health Care (NYSE:RXD) is an ETF part of the Proshares fund family. It was set up in 2007 and has $2 million in net assets. As its title suggests, the ProShares UltraShort Health Care (NYSE:RXD) seeks to post returns when the healthcare industry is facing a downturn in the stock market. Its investment philosophy seeks twice the negative returns of the underlying index of healthcare stocks that trade on the S&P 500. More than 30% of the ETF’s investments are in the pharmaceutical sector, with healthcare equipment and services providers also accounting for a significant chunk.