FXD vs XRT: Grades, Fees and Holdings Compared

First Trust Consumer Discretionary AlphaDEX Fund

FXDDNYSE Arca

State Street SPDR S&P Retail ETF

XRTBNYSE Arca

Overlap

25.7%by weight

Expense ratio

XRT −0.25pt a year

FXD0.60%XRT0.35%

Avg volume · 30D

XRT 360.7×the volume

FXD10.9KXRT3.92M

10Y return · a year

XRT +1.0pt

FXD+8.7%XRT+9.7%

FXD vs XRT Performance

Nov 9, 2021 – Nov 9, 2026

+16.8%FXD−2.1%XRT

Expense ratio: FXD 0.60%; XRT 0.35%, better
Fund size: FXD $267M; XRT $591M
1Y total return: FXD +10.6%; XRT +17.2%, better
Yield (12M): FXD 0.66%; XRT 0.80%, better
Holdings: FXD 111; XRT 75
Avg volume (30D): FXD 10.9K sh; XRT 3.92M sh, better
NAV per share: FXD $70.33; XRT $89.50
52W range

ETF.net Grade

Pillar letters and Scores for FXD, XRT, with each pillar’s weight
Pillar	FXD	XRT
Cost30% weight	F4	C50Higher
Mission25% weight	Not scored	A85
Risk15% weight	C54	B68Higher
Tradability15% weight	D30	A87Higher
Holdings10% weight	A90Higher	A86
Durability5% weight	C52	B59Higher

Rank among Consumer Discretionary (Broad) funds

How we build Categories ›

Same Category. FXD and XRT are both graded against the same 14 Consumer Discretionary (Broad) funds, so their Grades compare head to head.

Consumer Discretionary (Broad)⁠

Category · 14 funds

See all 14 ›

XRT ranks 3rd and FXD 13th of 14 funds in the Consumer Discretionary (Broad) Category.

Rank 1AXLYState Street Consumer Discretionary Select Sector SPDR ETFScore 80
Rank 2BFDISFidelity MSCI Consumer Discretionary Index ETFScore 70
Rank 3BXRTState Street SPDR S&P Retail ETFScore 66
Rank 4BVCRVanguard Consumer Discretionary ETFScore 63
Rank 12DITBiShares U.S. Home Construction ETFScore 35
Rank 13DFXDFirst Trust Consumer Discretionary AlphaDEX FundScore 33
Rank 14DPEZInvesco Dorsey Wright Consumer Cyclicals Momentum ETFScore 25

Our read on each fund

ETF.net Research

FXDDFirst Trust Consumer Discretionary AlphaDEX Fund

XRTBState Street SPDR S&P Retail ETF

In short

FXD Most consumer discretionary ETFs buy the sector as it comes. FXD screens it first: First Trust's AlphaDEX rules rank names on growth and value metrics, landing on roughly 120 holdings. A rules-based stock picker in index clothing, running since 2007.

XRT Pure retail, not broad consumer discretionary. XRT equal-weights roughly 80 store chains and online sellers, so a small-cap mall retailer carries about as much freight as a mega-cap giant. It has been the sector's trading vehicle since 2006.

Stated mandate

FXD The Fund seeks investment results that generally track the price and yield performance of the StrataQuant® Consumer Discretionary Index before fees and expenses.

XRT The fund seeks to provide investment results that generally correspond to the total return performance of the S&P Retail Select Industry Index, before fees and expenses.

Why people hold it

FXD The AlphaDEX screen ranks consumer names on growth and value metrics instead of just size, so the lineup can look very different from the plain sector index.ftportfolios.com
Roughly 120 holdings spread the bet across retailers, restaurants, homebuilders and autos rather than parking most of the money in a couple of megacaps.
It does what the label says: close tracking of the StrataQuant Consumer Discretionary Index, with no style drift away from US consumer discretionary equity.
Live since 2007, so the methodology has run through housing busts, retail shakeouts and a pandemic rather than being a recent backtest.

XRT Modified equal weight: the index resets constituents toward equal slices each quarter, so a single giant retailer does not run the whole fund.spglobal.com
Retail only: apparel, automotive, broadline, computer and electronics, staples merchandise, drug, food and specialty stores. Car dealers count, carmakers do not.ssga.com
Trading since 2006 and very actively traded, one of the older and busier ways to take a targeted position on US retail rather than a whole sector.ssga.com
Sticks tightly to its index and stands among the stronger builds in its consumer discretionary peer group. Pays quarterly.

Worth knowing

FXD The screen carries a toll: 0.60% a year, against a peer-group median of 0.35% and cap-weighted rivals like XLY, FDIS and VCR charging under a tenth of a percent.
Volume is thin next to the sector's giants, so bid-ask spreads matter more at the moment you trade.
Screened weights are a different bet from the headline sector: results can diverge from plain cap-weighted consumer discretionary exposure in either direction.

XRT At 0.35% it costs more than broad cap-weighted discretionary funds like XLY and FDIS near 0.08%. The focus and the equal weighting are what the extra buys.
Equal weighting pulls small and mid-cap chains up next to the giants, so moves can be sharper than a cap-weighted sector fund's.ssga.com
One industry, roughly 80 names. When shoppers tighten up, there is no other sector inside the fund to cushion it.

Full FXD profile⁠

Full XRT profile⁠

FXD vs XRT Holdings

How FXD and XRT differ

Overlap by weight

25.7%

Shared holdings make up 41.3% of XRT and 26.4% of FXD.

Level by level

Holdings29 in both25.7%
Sector6 Sectors80.3%
Countryby domicile98.5%
Asset classStocks100%

Sector

Sector weights in FXD and XRT, widest gap first
Sector	Gap	FXD	XRT
Consumer Staples	XRT +13.9 points	6.3%	20.3%
Communication	FXD +9.6 points	10.3%	0.7%
Industrials	FXD +8.1 points	8.1%	0.0%
Consumer Discretionary	XRT +4.4 points	71.7%	76.1%
Technology	FXD +2.1 points	3.6%	1.5%
Health Care	XRT +1.3 points	0.0%	1.3%

Country, concentration and asset class

Country by domicile

Country weights in FXD and XRT, widest gap first
Country	Gap	FXD	XRT
United States	XRT +1.5 points	98.5%	100.0%
Finland	FXD +0.6 points	0.6%	0.0%
Canada	FXD +0.6 points	0.6%	0.0%
Switzerland	FXD +0.3 points	0.3%	0.0%

Concentration

Weight in the 10 largest Holdings

FXD16.4%
XRT17.3%

Securities held

FXD110
XRT74

Asset class

FXD: Stocks
XRT: Stocks

Holdings

Only in FXD81
In both29
Only in XRT45

Only in FXD

81 securities, 73.5% of FXD by weight

Crocs, Inc.1.78%
Sirius XM Holdings Inc.1.73%
SharkNinja Inc.1.71%
Mattel, Inc.1.67%
Carnival Corporation Ltd.1.66%
lululemon athletica inc.1.59%
Boyd Gaming Corporation1.59%
PulteGroup, Inc.1.57%
Lyft, Inc. (Class A)1.57%
Toll Brothers, Inc.1.56%
D.R. Horton, Inc.1.54%
Deckers Outdoor Corporation1.53%
Versant Media Group, Inc. (Class A)1.47%
Delta Air Lines, Inc.1.44%
Whirlpool Corporation1.37%
Columbia Sportswear Company1.35%
The Estee Lauder Companies Inc.1.31%
Airbnb, Inc. (Class A)1.30%
Copart, Inc.1.29%
Thor Industries, Inc.1.29%
Lear Corporation1.29%
Birkenstock Holding Plc1.27%
Gentex Corporation1.26%
General Motors Company1.23%
LKQ Corporation1.21%
Lennar Corporation1.20%
Fox Corporation (Class A)1.17%
The Trade Desk, Inc. (Class A)1.17%
MSG Knickerbockers Corp. (Class A)1.13%
Hasbro, Inc.1.12%
United Airlines Holdings, Inc.1.12%
Expedia Group, Inc.1.09%
Churchill Downs Incorporated1.07%
H&R Block, Inc.1.07%
Aptiv Plc1.01%
Norwegian Cruise Line Holdings Ltd.1.01%
Duolingo, Inc.0.93%
Floor & Decor Holdings, Inc. (Class A)0.93%
The Walt Disney Company0.92%
YETI Holdings, Inc.0.91%
Southwest Airlines Co.0.88%
Live Nation Entertainment, Inc.0.86%
NVR, Inc.0.85%
Alaska Air Group, Inc.0.83%
Uber Technologies, Inc.0.83%
American Airlines Group Inc.0.82%
V.F. Corporation0.80%
U-Haul Holding Co. (Series N)0.78%
Pool Corporation0.72%
Royal Caribbean Cruises Ltd.0.68%

Only in XRT

45 securities, 58.6% of XRT by weight

Victoria’s Secret & Co1.90%
Realreal Inc/The1.79%
Upbound Group Inc1.78%
Kohls Corp1.75%
Academy Sports & Outdoors In1.75%
Maplebear Inc1.66%
Kroger Co1.60%
Walmart Inc1.58%
American Eagle Outfitters1.57%
Grocery Outlet Holding Corp1.53%
Valvoline Inc1.53%
Signet Jewelers Ltd1.52%
Sally Beauty Holdings Inc1.52%
Weis Markets Inc1.48%
Coupang Inc1.47%
Casey’s General Stores Inc1.46%
Urban Outfitters Inc1.45%
Chewy Inc Class A1.45%
Albertsons Cos Inc Class A1.44%
Advance Auto Parts Inc1.40%
National Vision Holdings Inc1.39%
O Reilly Automotive Inc1.39%
Warby Parker Inc Class A1.38%
Buckle Inc/The1.37%
Ingles Markets Inc Class A1.35%
Marinemax Inc1.34%
Abercrombie & Fitch Co Class A1.31%
Asbury Automotive Group1.27%
Pricesmart Inc1.27%
Revolve Group Inc A1.26%
Pattern Group Inc Class A1.24%
Boot Barn Holdings Inc1.22%
Group 1 Automotive Inc1.21%
Savers Value Village Inc1.20%
Winmark Corp1.13%
Sonic Automotive Inc Class A1.08%
Caleres Inc0.91%
Sprouts Farmers Market Inc0.89%
Build A Bear Workshop Inc0.78%
Groupon Inc0.73%
Stitch Fix Inc Class A0.72%
Citi Trends Inc0.72%
Camping World Holdings Inc A0.65%
Arko Corp0.62%
Monro Inc0.58%

Weight gaps

All 29 Holdings in both funds, largest gap first.

Holding weights in FXD and XRT, widest gap first
Holding	Gap	FXD	XRT
Costco Wholesale CorporationCOST	XRT +1.23 points	0.32%	1.55%
AutoZone, Inc.AZO	XRT +1.16 points	0.31%	1.47%
The TJX Companies, Inc.TJX	XRT +1.15 points	0.28%	1.43%
Burlington Stores, Inc.BURL	XRT +1.12 points	0.25%	1.37%
BJ's Wholesale Club Holdings, Inc.BJ	XRT +0.98 points	0.66%	1.64%
Etsy, Inc.ETSY	XRT +0.99 points	0.69%	1.68%
Ollie's Bargain Outlet Holdings, Inc.OLLI	XRT +0.79 points	0.87%	1.66%
Tractor Supply CompanyTSCO	XRT +0.78 points	0.64%	1.42%
Penske Automotive Group, Inc.PAG	XRT +0.71 points	0.58%	1.29%
Carvana Co. (Class A)CVNA	XRT +0.68 points	0.65%	1.33%
CarMax, Inc.KMX	XRT +0.62 points	0.52%	1.14%
eBay Inc.EBAY	XRT +0.62 points	0.95%	1.57%
Best Buy Co., Inc.BBY	XRT +0.58 points	0.93%	1.51%
GameStop Corp. (Class A)GME	XRT +0.56 points	1.12%	1.68%
Dollar Tree, Inc.DLTR	XRT +0.52 points	0.95%	1.47%
Dollar General CorporationDG	XRT +0.50 points	0.93%	1.43%
Target CorporationTGT	XRT +0.50 points	0.84%	1.34%
Bath & Body Works, Inc.BBWI	XRT +0.49 points	1.11%	1.60%
Lithia Motors, Inc.LAD	FXD +0.34 points	1.46%	1.12%
Dillard's, Inc. (Class A)DDS	XRT +0.30 points	0.99%	1.29%
Ulta Beauty, Inc.ULTA	XRT +0.28 points	1.30%	1.58%
Ross Stores, Inc.ROST	XRT +0.28 points	1.09%	1.37%
DICK'S Sporting Goods, Inc.DKS	XRT +0.25 points	1.16%	1.41%
Amazon.com, Inc.AMZN	XRT +0.22 points	1.15%	1.37%
Five Below, Inc.FIVE	FXD +0.22 points	1.51%	1.29%
Murphy USA Inc.MUSA	XRT +0.20 points	1.14%	1.34%
AutoNation, Inc.AN	FXD +0.12 points	1.29%	1.17%
The Gap, Inc.GAP	XRT +0.04 points	1.30%	1.34%
Macy's, Inc.M	XRT +0.03 points	1.40%	1.43%

All 110 FXD holdings⁠All 74 XRT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FXD vs XRT Cost

Overpaying FXD vs XRT

$4,691

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FXD 0.60%
$11,817
XRT 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

FXD 0.60%
XRT 0.35%
Overpaying

Year by year

Year	FXD	XRT	Overpaying
10	$1,076	$634	$442
20	$4,116	$2,454	$1,662
30	$11,817	$7,126	$4,691

Expense ratio

0.60%FXD
0.35%XRT, cheaper

XRT0.35%FXD0.60%

0.08%0.60%

Middle half of Consumer Discretionary (Broad) funds
Median 0.35%

XRT 6th cheapest of 14 funds

FXD 13th cheapest of 14 funds

FXD vs XRT Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FXD 0.66%; XRT 0.80%, better
Payout (12M): FXD $0.48; XRT $0.74
Last payment: FXD $0.14; XRT $0.17
Ex-dividend: FXD Sep 24, 2026; XRT Sep 21, 2026
Paid on: FXD Sep 30, 2026; XRT Sep 23, 2026
Frequency: FXD Quarterly; XRT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FXDQuarterly · 39 paymentsAll FXD payments⁠

XRTQuarterly · 39 paymentsAll XRT payments⁠

FXD vs XRT Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: FXD 17.9%, betterXRT 20.6%
Return per unit of riskSharpe ratio, 3 years: FXD 0.56XRT 0.61, better
Worst fallMax drawdown, 5 years: FXD −33.7%, betterXRT −44.6%
Market sensitivityBeta, 5 years: FXD 1.13XRT 1.17; Market = 1

FXD and XRT in the news

All news⁠

Deep Dive
Amazon and Tesla are 41.6% of consumer discretionary ETF XLY
Oct 28, 2026FXD
News
Dillard's to move its NYSE listing to the Texas Stock Exchange on Oct. 5
Sep 18, 2026XRT
News
August retail sales rise 1.2%, beating forecasts before the Fed decision
Sep 16, 2026XRT
Closing Bell
Saudi pipeline shutdown, crude near $106 and 10-year yield at 5.04% before Fed
Sep 15, 2026XRT
News
Michigan consumer survey falls to 47.8 as year-ahead inflation view rises to 4.6%
Sep 11, 2026XRT
Closing Bell
S&P 500 falls 0.4% after 162,000 jobs as semiconductor funds rise
Sep 4, 2026XRT

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FXD vs XRT

In short

Stated mandate

Why people hold it