5 Best Retail ETFs To Buy

4. iShares US Consumer Staples ETF (NYSE:IYK)

5-Year Share Price Performance as of April 1: 68.75%

iShares US Consumer Staples ETF (NYSE:IYK) aims to replicate the performance of the Russell 1000 Consumer Staples RIC 22.5/45 Capped Index, consisting of American consumer staples sector stocks. It ranks 4th on our list of the best retail ETFs to buy. As of March 28, 2024, iShares US Consumer Staples ETF (NYSE:IYK)’s net assets amounted to $1.33 billion, with a portfolio of 55 stocks and an expense ratio of 0.40%. 

PepsiCo, Inc. (NASDAQ:PEP) is one of the largest holdings of the iShares US Consumer Staples ETF (NYSE:IYK). PepsiCo, Inc. (NASDAQ:PEP) paid a $1.265 per share quarterly dividend to shareholders on April 1. 

According to Insider Monkey’s fourth quarter database, PepsiCo, Inc. (NASDAQ:PEP) was part of 64 hedge fund portfolios, compared to 65 in the last quarter. 

Aristotle Atlantic Core Equity Strategy stated the following regarding PepsiCo, Inc. (NASDAQ:PEP) in its fourth quarter 2023 investor letter:

“We sold PepsiCo, Inc. (NASDAQ:PEP) based on our belief that the inflation and interest rate cycle has peaked, and the company may have difficulty maintaining the recent organic growth trends which were driven mainly by price increases. Furthermore, the market appears to be shifting away from defensive names and into a more cyclical positioning which could cause PepsiCo to lag.”