The average stock in the Russell 3,000 — whose index members make up roughly 98% of US equity market cap — is up just under 10% so far in 2016. There are 48 stocks in the index up more than 100%, and below is a list of the 30 best performing stocks in the index year to date. As shown, four Materials stocks top the list, with Coeur Mining (CDE) up the most at +496%. Cliffs Natural Resources (CLF), Gold Resource (GORO), and Hecla Mining (HL) round out the top four, all with gains of more than 235%. Other notables on the list of 2016’s big winners include Advanced Micro (AMD), US Steel (X), Newmont Mining (NEM) and Continental Resources (CLR).
While there are 48 stocks in the Russell 3,000 up more than 100%, there are 60 stocks down more than 50%. Nearly all of them are biotech stocks. In 2015 (and 2014 and 2013 for that matter), biotech stocks littered the list of best performers. This year, the chicken has come home to roost for many stocks in the biotech group. Of the 30 worst performing Russell 3,000 stocks year-to-date shown below, 20 are biotech related.