Amid Fears of Rising Rates, Staples ETFs at Risk

With higher beta, cyclical sectors leading U.S. equity markets higher this year, some defensive sectors are lagging. That is the case with consumer staples. The Consumer Staples Select SPDR (NYSEArca: XLP), the largest consumer staples ETF, is up just 5% year-to-date compared to a gain of 14% for...