“Sustained improvement in the labor market and modest wage gains appear to be offsetting rising food and gasoline costs,” Joseph Brusuelas, senior economist at Bloomberg LP, said.
State Street’s SPDR consumer discretionary ETF tries to track every consumer discretionary stock from the S&P 500 index, which accounts for about 12% of the broader index. XLY has a 0.16% expense ratio.
The Vanguard ETF tracks large-, mid- and small-cap U.S. consumer discretionary companies. VCR has a 0.14% expense ratio.
The First Trust ETF takes a smart-beta index-based approach, employing the AlphaDEX methodology to select stocks based on growth factors such as three-, six-, and 12-month price appreciation, sales/price, and one-year sales growth, along with value factors such as book value/price, cash flow/price, and return on assets. FXD has a 0.70% expense ratio.
Consumer Discretionary Select Sector SPDR
For more information on the consumer discretionary sector, visit our consumer discretionary category.
Max Chen contributed to this article.