Like XLV, IRY’s top-three holdings, the three aforementioned stocks, combine for a large percentage of the fund’s weight. In this case almost 29%. [Rotating Through Top Sector ETFs]

There has been chatter that the health care sector is now pricey on valuation as U.S. health care stocks are now more expensive than consumer staples for the first time since 2006. IRY carries a P/E of 17.6, the byproduct of the premium assessed to Swiss, U.K. and German stocks relative to more volatile stocks hailing from peripheral Eurozone nations. [A Different ETF Way to Germany]

SPDR S&P International Health Care Sector ETF