Investment returns on healthcare stocks average 13.4 percent, making the sector the third best performing behind IT and consumer discretionary, according to a study from Journo Research.
The study looked at 11 separate industries from the S&P 500 index over the period 2010 to 2022.
Among the top performing healthcare stocks were Johnson & Johnson and UnitedHealthcare. The minimum return on investment averaged -2.7 percent while the maximum return averaged 41.5 percent.
The consumer discretionary sector is defined in the study as including "businesses that sell non-essential products and services that consumers may avoid without any major consequences to their well-being."