The Fidelity MSCI Consumer Staples Index ETF (FSTA) was launched on 10/21/2013, and is a passively managed exchange traded fund designed to offer broad exposure to the Consumer Staples - Broad segment of the equity market.While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Consumer Staples - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 4, placing it in top 25%.Index DetailsThe fund is sponsored by Fidelity. It has amassed assets over $609.38 M, making it one of the larger ETFs attempting to match the performance of the Consumer Staples - Broad segment of the equity market. FSTA seeks to match the performance of the MSCI USA IMI Consumer Staples Index before fees and expenses.MSCI USA IMI Consumer Staples Index represents the performance of the consumer staples sector in the U.S. equity market.CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.Annual operating expenses for this ETF are 0.08%, making it the least expensive product in the space.It has a 12-month trailing dividend yield of 2.48%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Consumer Staples sector--about 100% of the portfolio.Looking at individual holdings, Procter + Gamble Co/the (PG) accounts for about 15.26% of total assets, followed by Coca Cola Co/the (KO) and Pepsico Inc (PEP).The top 10 holdings account for about 70.09% of total assets under management.Performance and RiskThe ETF has added about 21.10% and is up roughly 14.01% so far this year and in the past one year (as of 09/06/2019), respectively. FSTA has traded between $29.30 and $36.73 during this last 52-week period.The ETF has a beta of 0.61 and standard deviation of 11.50% for the trailing three-year period, making it a medium risk choice in the space. With about 94 holdings, it effectively diversifies company-specific risk.AlternativesFidelity MSCI Consumer Staples Index ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FSTA is a sufficient option for those seeking exposure to the Consumer Staples ETFs area of the market. Investors might also want to consider some other ETF options in the space.Vanguard Consumer Staples ETF (VDC) tracks MSCI US Investable Market Consumer Staples 25/50 Index and the Consumer Staples Select Sector SPDR Fund (XLP) tracks Consumer Staples Select Sector Index. Vanguard Consumer Staples ETF has $5.33 B in assets, Consumer Staples Select Sector SPDR Fund has $13.92 B. VDC has an expense ratio of 0.10% and XLP charges 0.13%.Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fidelity MSCI Consumer Staples Index ETF (FSTA): ETF Research Reports Pepsico, Inc. (PEP): Free Stock Analysis Report Coca-Cola Company (The) (KO): Free Stock Analysis Report Consumer Staples Select Sector SPDR Fund (XLP): ETF Research Reports Vanguard Consumer Staples ETF (VDC): ETF Research Reports Procter & Gamble Company (The) (PG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research