This ETF offers exposure to the global consumer discretionary sector, splitting holdings roughly evenly between U.S. and international stocks. As such, RXI can be a useful tool for investors looking to implement a sector rotation strategy on a global level, and may also be useful for those looking to tilt exposure towards a high beta industry that may perform well in bull markets. This fund probably doesn't have much use for long-term buy-and-holders, who would be better suited by a broader fund offering exposure to multiple sectors. RXI receives high marks on the diversification front; in addition to including more than a dozen different countries, individual security concentration is low. Those seeking U.S. only exposure to the consumer discretionary sector may gravitate towards XLY or VCR, while those seeking to avoid the U.S. entirely may like AXDI or IPD.