Of PSCH’s top-10 holdings, a group that combines for about 36% of the ETF’s weight, only two stocks have traded lower over the past month. Of the eight that have risen, four have posted double-digit gains.

PSCH tracks the S&P SmallCap 600Capped Health Care Index, which has easily outperformed the S&P SmallCap 600 Index over the past year and three years, according to PowerShares data. The $165.4 million ETF charges 0.29% per year.

PowerShares S&P SmallCap Health Care Portfolio

Tom Lydon’s clients own shares of IWM.