That said, fixed-income investors can take advantage of the slog through the rate hikes to come through the rest of 2018 via fixed-income ETFs like the iShares Floating Rate Bond ETF (BATS: FLOT), which tracks the investment results of the Bloomberg Barclays US Floating Rate Note < 5 Years Index. The ETF focuses on investment-grade floating rate notes that track the underlying index, which has been on an upward trajectory looking at its year-to-date chart.

Fixed-Income ETFs to Watch After Fed's Policy Decision 1

The floating rate component will allow investors to capture any gains from short-term rate adjustments that the Fed will most likely make. Based on performance provided by Yahoo! Finance, FLOT has generated trailing returns of 1.18% year-to-date, 1.90% the past year and 1.44% the past three years. Versus similar benchmarks in its category, FLOT is outperforming its peers by 10.28% year-to-date and 68.14% the past year.

Related: Richmond Fed President Says Rates Must Keep Rising

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