This ETF offers exposure to the consumer discretionary sector of the U.S. economy, making PSCD one of many options available for accessing a sector that includes restaurants, automakers, and retailers. Given the sector-specific focus of PSCD, this fund might have tremendous appeal to those building a long-term, buy-and-hold portfolio; many PSCD holdings are already included in small cap equity funds. This ETF may be useful for those looking to establish a tactical tilt towards the consumer discretionary sector, perhaps in anticipation of a bull market. There is no shortage of options in the Consumer Discretionary Equities ETFdb Category; PSCD is unique from most other products because of the focus exclusively on small cap stocks. This feature results in a risk/return profile that differs from funds such as XLY and VCR that include primarily large cap stocks; small caps may offer greater growth potential and higher volatility than their large cap counterparts. There is no universally superior choice in this regard, as different environments may favor different types of equities. As far as the underlying portfolio goes, PSCD offers excellent balance, as no one name receives a huge weighting (a common feature in large cap sector funds).