We point out that XRT is an equal weighted product with top holdings appearing as the following: RAD (1.35%), SFLY (1.15%), ABG (1.12%), MNRO (1.12%), and CONN (1.10%).
Most of these names may not be immediately recognizable to all portfolio managers, as there is a fair amount of small cap and mid cap representation in this ETF given its equal weighted methodology (and it re-balances regularly in order to trim holdings back into line, as some will naturally rise in price and become larger portions of the portfolio over time, and vice versa).
On the other hand other prominent Retail based ETFs that will likely be active in the near term include XLY (SPDR Consumer Discretionary Select SPDR, Expense Ratio 0.18%), VCR (Vanguard Consumer Discretionary, Expense Ratio 0.14%), FXD (First Trust Consumer Discretionary AlphaDEX, Expense Ratio 0.70%), IYC (iShares D.J. U.S. Consumer Services Sector, Expense Ratio, Expense Ratio 0.48%) and these ETFs largely have different compositions than XRT so it is worth digging into the individual nuances for those whom want to play the sector.
SPDR S&P Retail
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].