The SPDR S&P Homebuilders ETF (NYSEArca: XHB) and the iShares U.S. Home Construction ETF (NYSEArca: ITB) are the homebuilders ETFs that get most of the attention when it comes to this genre, but a rival fund merits consideration.

The PowerShares Dynamic Building & Construction Portfolio (NYSEArca: PKB) is over eight years old and has $98.7 million in assets under management, but toils in obscurity relative to ITB and XHB. That despite the fact that PKB has outperformed its larger rivals over the past year.  [Building With Homebuilders ETFs]

PKB, which holds 30 stocks, could be poised to keep up the out-performance of it rivals.

“After breaking out from a strong base in December, PKB has stalled out and is now in pullback mode. The first pullback after a strong breakout is usually a good spot to add to an existing position, or to establish a new position if the original breakout entry was missed,” according to Deron Wagner of Morpheus Trading Group.

Wagner goes on to note that “although PKB undercut the 10-day moving average on Monday, the 20-day exponential moving average is just below. As such, there is decent support in the $21.80-$22 range.”

The fund currently trades almost 4% above its 50-day moving average and 9.3% above its 200-day line. PKB has not traded below its 200-day moving average in over a year.