Additionally, investors may also find other options, including the iShares US Consumer Services ETF (NYSEArca: IYC), Vanguard Consumer Discretionary ETF (NYSEArca: VCR), Fidelity MSCI Consumer Discretionary Index (NYSEArca: FDIS), First Trust Consumer Discretionary AlphaDEX Fund (NYSEArca: FXD).

Unlike the other consumer sector ETFs, IYC includes non-discretionary retailers, like Wal-Mart (NYSE: WMT), which may help diminish volatility.

VCR includes a more diversified take on the sector with 385 component holdings and comes with a cheap 0.12% expense ratio.

FDIS, the more recent entrant to the space, also charges a cheap 0.12% expense ratio, but it is smaller than its competitors and is more thinly traded. Potential investors should utilize limit orders to better control trades.

FXD follows an enhanced, or smart-beta index that selects holdings based on value and growth factors. Consequently, the portfolio is a less growth-oriented than XLY or VCR.

Additionally, the iShares Global Consumer Discretionary ETF (NYSEArca: RXI) provides a more diversified global focus, which includes more international name brands like Toyota (NYSE: TM), Ford (NYSE: F), Daimler and Honda (HMC).

For more information on the consumer sector, visit our consumer discretionary category.

Max Chen contributed to this article.