ITB has discretionary exposure with Dow component Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW) residing among the ETF’s top-10 holdings. Overall, the ETF allocates a combined 14.3% of its weight home improvement retailers and furnishings providers.
Exposure to the consumer discretionary sector has been problematic for ITB and XHB in a year in which the Consumer Discretionary Select Sector (NYSEArca: XLY) is the worst performer of the nine sector SPDR ETFs.
iShares U.S. Home Construction ETF
ETF Trends editorial team contributed to this post.