Fortunately for IYT, the fund isn’t heavily weighted in the trucking segment of the transportation sector. However, trucking’s woes could be the railroads’ gain, especially since locomotives get more mileage out of a gallon of diesel than trucks do. Railroads make up much of the top holdings in the fund, including Burlington Northern Santa Fe (BNI), 11.4%; Union Pacific (UNP), 9.8%; and CSX (CSX), 5.4%.

IYT is up 10.2% year-to-date.

For full disclosure, some of Tom Lydon’s clients own shares of IYT.