RE:RE:RE:RE:RE:CXR in IBBThey cannot follow IBB...they are what IBB is comprised of. So in essence, what happens to the stocks (in a broad sense) will be reflected in the behaviour of IBB. Some stocks will be exceptions to IBB and that is totally fine; they should be. If there weren't exceptions, there would be no point in owning individual stocks. ETFs reflect larger sector trends depending on what the ETF is tracking.
Sectors across the board have been slaughtered in Canada recently. A bigger challenge would be to find an ETF that is trending opposite the market right now (given that ETF isn't tracking specific converse trends right now). If there was an ETF that was tracking the CDN dollar with a bet on currency depression (hypothetically speaking), then that ETF would be flying right now. Crude example, I know.
If it's any consolation, IBB is up almost 2% pre-market. Let's see if the theory holds true!