The retail industry has transformed itself in recent years, punishing brick-and-mortar retailers in favor of those who have moved to an e-commerce model for the bulk of their sales. Many retail stocks have gotten hammered, and that has attracted value investors looking for inevitable bargains among the carnage.

For those looking to invest in the space, retail-specific exchange-traded funds (ETFs) offer some valuable diversification, as well as the ability to drill down on certain subsectors in the industry. There are only a handful of retail ETFs, but they have very different approaches toward investing in the space.

Retail ETF

Assets Under Management

Expense Ratio

Five-Year Average Annual Return

SPDR S&P Retail (NYSEMKT:XRT)

$440 million

0.35%

8.1%

Van Eck Vectors Retail (NYSEMKT:RTH)

$66 million

0.35%

16.8%

Amplify Online Retail (NASDAQ:IBUY)

$63 million

0.65%

N/A

Direxion Daily Retail Bull 3x (NYSEMKT:RETL)

$26 million

1.05%

31.5%

PowerShares Dynamic Retail (NYSEMKT:PMR)

$14 million

0.63%

8.6%

Data source: Fund providers. N/A-not available. Inception date for Amplify ETF was April 20, 2016.

Different approaches to retail investing

Investing in retail isn’t the most popular play right now, as shown by the relatively low asset levels in the top funds for the sector. The tried and true offering in the space is the SPDR ETF, which takes a broad approach toward retail investing. The fund uses a modified equal-weighted index that aims to give investors more level exposure to individual names within the industry. That…