PowerShares Pharma ( PJP) gained 20.0% in 2011, iShares Dow Jones Utilities ( IDU) was up 18.7%, and SPDR Consumer Staples ( XLP) gained 14.1%.

FORBES: Are Commission-Free ETFs Really Cheaper?

The iShares Dow Jones U.S. Pharmaceuticals Index Fund (IHE) has Watson at 2.84% of its holdings and PowerShares Dynamic Pharmaceuticals Portfolio (PJP) is 2.8% WPI.

FORBES: Watson Gets Upgrade, $59 Target

Among the largest underlying components of PJP, in trading today Prestige Brands Holdings ( PBH) is down about 0.7%, and Bristol Myers Squibb Company ( BMY) is up by about 0.2%.

FORBES: Pharmaceuticals See Big Inflows

According to the ETF Finder at ETF Channel, BAX makes up 2.57% of the Dynamic Pharmaceuticals Portfolio ETF ( AMEX: PJP )which is trading up by about 0.9% on the day Thursday.

FORBES: BAX Makes Bullish Cross Above Critical Moving Average

Among the largest underlying components of PJP, in trading today Prestige Brands Holdings Incorporated ( NYSE: PBH) is up about 0.6%, Bristol Myers Squibb Company ( NYSE: BMY) is off about 0.9%, and The Medicines Company ( NASD: MDCO) is higher by about 0.3%.

FORBES: Noteworthy ETF Outflows: PJP, PBH, BMY, MDCO