The S&P Biotech fund is an exchange traded fund (ETF) within the SPDR family. There is at least 1 fund that is incredibly highly correlated with XBI.
Within the SPDR family of funds, the most positively correlated other funds are S&P Pharmaceuticals, Health Care Select Sector Fund, S&P Health Care Services, S&P Health Care Equipment, S&P International Health Care Sector.
Outside of the SPDR family, the most positively correlated other funds are iShares - Nasdaq Biotechnology ETF, PowerShares - Dynamic Biotechnology & Genome Portfolio, PowerShares - Dynamic Pharmaceuticals Portfolio, iShares - U.S. Pharmaceuticals ETF, Vanguard Mutual Funds - Health Care.
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