For those who want to hedge against a potential dip in these respective sectors, the ProShares UltraShort Consumer Goods (NYSEArca: SZK) takes the inverse 2x or -200% exposure of a collection of consumer staples and discretionary stocks, the ProShares UltraShort Industrials (NYSEArca: SIJ) tracks the inverse 2x or -200% daily performance of the Dow Jones U.S. Industrials Index, the ProShares Short Basic Materials (NYSEArca: SBM) follows the inverse or -100% daily performance of the Dow Jones U.S. Basic Materials Index and ProShares UltraShort Basic Materials (NYSEArca: SMN) reflects the inverse 2x or -200% performance of the basic materials sector.
On the other hand, the Energy Select Sector SPDR (NYSEArca: XLE) and Utilities Select Sector SPDR (NYSEArca: XLU) have historically exhibited modest gains, rising less than 0.5% on average. However, June has been usually unkind to oil stocks and rate hike fears could dampen the outlook for dividend-paying utilities. [Getting Calendar Cautious With Energy ETFs]
For more information on market sectors, visit our sector ETFs category.
Max Chen contributed to this article.