iShares US Consumer Discretionary ETF

IYC

Market cap $1.16B

Consumer spending has held up well despite economic headwinds. The state of inflation and the labor market will be key to watch.

The LSEG Retail/Restaurant Index reported Q1 2026 earnings growth of 27.2%. Retail earnings in the first quarter of 2026 received a significant boost from a historic tax refund season, reinforcing consumer spending at a time when the labor market remained resilient. Q2 2026 earnings are currently expected to mark the weakest growth rate of the year, with consensus forecasts calling for a gradual improvement during the second half of the year.

Designed to provide broad exposure to the Consumer Discretionary - Broad segment of the equity market, the iShares U.S. Consumer Discretionary ETF (IYC) is a passively managed exchange traded fund launched on June 12, 2000.

Looking for broad exposure to the Consumer Discretionary - Broad segment of the equity market? You should consider the iShares U.S. Consumer Discretionary ETF (IYC), a passively managed exchange traded fund launched on June 12, 2000.

The latter half of the quarterly earnings season has been dominated by a heavy dose of retailer updates. Names reporting earnings include Walmart, Target, and other mainstay consumer discretionary retailers.

IYC tracks an Index of U.S. Consumer Discretionary stocks. It has a 0.38% expense ratio and $1.4B in assets and launched nearly 26 years ago, making it an extremely well-established ETF. IYC has historically performed well when earnings growth rates were above market. However, that's not the case today, and IYC has further headwinds with poor earnings surprises and earnings revisions. IYC also doesn't hold a value or quality advantage over the Russell 3000 Index. My analysis highlights its elevated 23.45x forward P/E ratio and operating margins that lag by 13%.

Designed to provide broad exposure to the Consumer Discretionary - Broad segment of the equity market, the iShares U.S. Consumer Discretionary ETF (IYC) is a passively managed exchange traded fund launched on June 12, 2000.

CNBC's “Halftime Report” Investment Committee discuss their top stocks to watch for the second half of the day's trading session.

The Investment Committee give you their top stocks to watch for the second half.

iShares US Consumer Discretionary ETF is rated a sell due to growing economic risks and deteriorating consumer health in the US. Bank of America Institute data shows 24% of Americans now live paycheck-to-paycheck, with particular pressure on older cohorts and slow improvement for younger adults. IYC's fundamentals are not the main issue; rather, the sector faces headwinds from layoffs, weak job prospects, and limited discretionary spending.