After falling off in response to the plunge in oil prices, many investors are looking at energy ETFs, like the Energy Select Sector SPDR (NYSEArca: XLE), Vanguard Energy ETF (NYSEArca: VDE) and iShares U.S. Energy ETF (NYSEArca: IYE), as a value play. XLE tracks the energy component of the S&P 500. VDE and IYE, though, include a broader mix of energy companies. Year-to-date, XLE dipped 1.4%, VDE fell 1.9%, and IYE declined 1.8%.

Lastly, investors can gain telecom exposure through broad ETFs like the iShares U.S. Telecommunications ETF (NYSEArca: IYZ), Vanguard Telecommunication Services ETF (NYSEArca: VOX) and Fidelity MSCI Telecommunication Services Index ETF (NYSEArca: FCOM). IYZ tracks the Dow Jones U.S. Select Telecommunications Index. VOX and FCOM are more top heavy, both allocating about 22% in Verizon (NYSE: VZ) and AT&T (NYSE: T). Year-to-date, IYZ increased 6.3%, VOX rose 3.4% and FCOM advanced 3.4%.

On the other hand, Goldman is underweight financials, consumer staples and industrials, along with the S&P 500 index.

For more information on the markets, visit our current affairs category.

Max Chen contributed to this article.

Full disclosure: Tom Lydon’s clients own shares of SPY and QQQ.