Looking for broad exposure to the Industrials - Transportation/Shipping segment of the equity market? You should consider the iShares U.S. Transportation ETF (IYT), a passively managed exchange traded fund launched on 10/06/2003.Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Transportation/Shipping 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 Blackrock. It has amassed assets over $1.88 billion, making it one of the larger ETFs attempting to match the performance of the Industrials - Transportation/Shipping segment of the equity market. IYT seeks to match the performance of the Dow Jones Transportation Average Index before fees and expenses.The Dow Jones Transportation Average Index measures the performance of companies from the Industrial Transportation, Airline and General Industrial Services industries of the U.S. equity market.CostsInvestors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain 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 0.72%.Sector Exposure and Top HoldingsETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.This ETF has heaviest allocation in the Industrials sector--about 100% of the portfolio.Looking at individual holdings, Fedex Corp (FDX) accounts for about 12.47% of total assets, followed by Kansas City Southern (KSU) and Norfolk Southern Corp (NSC).The top 10 holdings account for about 79.80% of total assets under management.Performance and RiskSo far this year, IYT has added about 29.84%, and is up about 33.94% in the last one year (as of 11/10/2021). During this past 52-week period, the fund has traded between $208.84 and $279.33.The ETF has a beta of 1.22 and standard deviation of 27.89% for the trailing three-year period, making it a high risk choice in the space. With about 24 holdings, it has more concentrated exposure than peers.AlternativesIShares U.S. Transportation 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, IYT 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.First Trust NASDAQ Transportation ETF (FTXR) tracks Nasdaq US Smart Transportation Index and the U.S. Global Jets ETF (JETS) tracks U.S. Global Jets Index. First Trust NASDAQ Transportation ETF has $1.22 billion in assets, U.S. Global Jets ETF has $3.77 billion. FTXR has an expense ratio of 0.60% and JETS charges 0.60%.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. Transportation ETF (IYT): ETF Research Reports Norfolk Southern Corporation (NSC): Free Stock Analysis Report Kansas City Southern (KSU): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report U.S. Global Jets ETF (JETS): ETF Research Reports First Trust NASDAQ Transportation ETF (FTXR): ETF Research Reports To read this article on Zacks.com click here.