Designed to provide broad exposure to the Industrials - Engineering and Construction segment of the equity market, the iShares U.S. Home Construction ETF (ITB) is a passively managed exchange traded fund launched on 05/01/2006.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. Industrials - Engineering and Construction is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 9, placing it in bottom 44%.Index DetailsThe fund is sponsored by Blackrock. It has amassed assets over $2.40 billion, making it one of the larger ETFs attempting to match the performance of the Industrials - Engineering and Construction segment of the equity market. ITB seeks to match the performance of the Dow Jones U.S. Select Home Construction Index before fees and expenses.The Dow Jones U.S. Select Home Builders Index is a subset of the Dow Jones U.S. Household Goods Index.The Index is a free-float adjusted market capitalization-weighted index. The Index measures the performance of the home construction sector of the U.S. equity market. The Index includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes.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 0.41%, making it on par with most peer products in the space.It has a 12-month trailing dividend yield of 0.45%.Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Consumer Discretionary sector--about 78.20% of the portfolio. Industrials and Materials round out the top three.Looking at individual holdings, D R Horton Inc (DHI) accounts for about 14.38% of total assets, followed by Lennar A Corp (LEN) and Nvr Inc (NVR).The top 10 holdings account for about 64.81% of total assets under management.Performance and RiskThe ETF has gained about 28.47% so far this year and was up about 21.44% in the last one year (as of 10/20/2021). In that past 52-week period, it has traded between $51.98 and $77.09.The ETF has a beta of 1.45 and standard deviation of 36.91% for the trailing three-year period, making it a high risk choice in the space. With about 48 holdings, it has more concentrated exposure than peers.AlternativesIShares U.S. Home Construction ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, ITB is a great option for investors seeking exposure to the Industrials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.Invesco Dynamic Building & Construction ETF (PKB) tracks Dynamic Building & Construction Intellidex Index and the SPDR S&P Homebuilders ETF (XHB) tracks S&P Homebuilders Select Industry Index. Invesco Dynamic Building & Construction ETF has $277.39 million in assets, SPDR S&P Homebuilders ETF has $1.80 billion. PKB has an expense ratio of 0.59% and XHB charges 0.35%.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 key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>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 iShares U.S. Home Construction ETF (ITB): ETF Research Reports Lennar Corporation (LEN): Free Stock Analysis Report D.R. Horton, Inc. (DHI): Free Stock Analysis Report NVR, Inc. (NVR): Free Stock Analysis Report SPDR S&P Homebuilders ETF (XHB): ETF Research Reports Invesco Dynamic Building & Construction ETF (PKB): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research