ProShares also recently came out with a suite of ex-sector S&P 500 ETFs that promise to track the S&P 500 without a specific sector. For example, S&P 500 Ex-Energy ETF (NYSEArca: SPXE) will try to reflect the performance of the S&P 500 Ex-Energy Index, which provides exposure to S&P 500 companies with the exception of those included in the Energy Sector. The S&P 500 Ex-Technology ETF (NYSEArca: SPXT) will reflect the performance of the S&P 500 Ex-Information Technology & Telecommunications Services Index, which holds S&P 500 companies with the exception of those included in the Information Technology and the Telecommunication Services Sectors, or collectively the Technology Sector. [S&P Without the Pulp: New S&P 500 ‘Ex-Sector’ ETFs Introduced]
On the other hand, telecommunication services and utilities have the lowest reliance on global sales. Investors can track the telecom sector through ETFs, including the iShares U.S. Telecommunications ETF (NYSEArca: IYZ), Vanguard Telecommunication Services ETF (NYSEArca: VOX) and Fidelity MSCI Telecommunication Services Index ETF (NYSEArca: FCOM).
For utilities exposure, investors can look to the Utilities Select Sector SPDR (NYSEArca: XLU), Vanguard Utilities ETF (NYSEArca: VPU) and iShares U.S. Utilities ETF (NYSEArca: IDU).
Meanwhile, financials, materials and health care have estimated global sales somewhere in the single digits, so these sectors are not completely immune to an appreciating dollar.
For more information on the market sectors, visit our sector ETFs category.
Full disclosure: Tom Lydon’s clients own shares of XLU.
Max Chen contributed to this article.