With the decline of more brick and mortar retail stores, it’s no surprise that ETFs with exposure to Amazon are all up and President Donald Trump is not happy about it.

Trump blames Amazon for the decline of brick-and-mortar retailers and the pain that has caused real-estate developers. According to the Axios reporter Jonathan Swan, Trump believes Amazon is a negative force for smaller, locally owned retailers and wants to find a way to curve the company’s dominance.

The Supreme Court is considering a case that could give states more power to collect sales tax on online retailers.

Related: Retail Sales Down: What About Retail ETFS? 

Let’s take a look at the Top 5 ETFs with Amazon exposure as of 11 a.m. Eastern time.

5 ETFs with Exposure to Amazon

  • VanEck Vectors Retail ETF (RTH) – Amazon weighting: 15.13% up 5.91%.
  • RTH
    VanEck Vct Rtl
    96.23
    -0.18%
  • SPDR Consumer Discretionary Select Sector Fund (XLY) – Amazon weighting: 12.39% up 5.45%.
  • XLY
    Sel Sct Cns Dis
    105.93
    +0.21%
  • First Trust DJ Internet Index Fund (FDN) – Amazon weighting: 10.04% up 12.04%.
  • Fidelity MSCI Consumer Discretionary Index ETF (FDIS) – Amazon weighting: 9.95% up 4.29%.
  • Vanguard Consumer Discretionary ETF (VCR) – Amazon weighting 9.90% up 4.35%.

Trumps Isn’t Happy About Amazon

Trump hasn’t been private about his dislike for Amazon and its CEO, Jeff Bezos. He tweeted,  “Amazon is doing great damage to tax paying retailers,” Trump tweeted in August. “Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!”

Trump also tweeted, “The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!”



Amazon Effect on Retail Landscape

According to CNBC, Amazon shares fell 5.4 percent Wednesday after the report, wiping out nearly $39 billion in shareholder value.

While Amazon already imposes the applicable state sales tax on goods it sells, many third-party sellers on Amazon do not collect those taxes.

Related: ETFs to Consider as Toys R Us and Sears Close Stores

According to Business Insider, “Concern over Amazon’s effect on the American retail landscape is widely held. But Trump’s grumblings about the company’s relationship with the US Postal Service seem unfounded, given that much of the USPS’ financial woes come from funding mismanagement, pension obligations, and the non-package side of its business.

Amazon declined to comment.

Retail ETFs Capitalize on Misfortune or Fall Victim to It

Here’s a look at how three retail related ETFs are tracking year-to-date, according to Yahoo Finance.

The ProShares Decline of the Retl Store ETF (EMTY) is down .76% while the Proshares Long Online/Short Stores ETF (NYSE Ara: CLIX) is up 17.76%.

Meanwhile, the SPDR S&P Retail ETF (XRT) is down .22 %. This ETF remains one of the worst performing areas of the market this year.

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