Equity Index Sector futures

Manage sector exposure in liquid, capital-efficient futures format across E-mini S&P Select Sector, E-mini S&P Select Industry, Dow Jones Real Estate, E-mini Nasdaq Biotech, and PHLX Semiconductor Sector Index futures.

Get capital-efficient exposure

Enjoy potential margin offsets with other Equity Index futures, low tracking error, zero management fees, and actionable SOQ settlement at expiration.

Easily express your view

Go long or short sector exposure without the constraint of security-based or single-stock-based short sale regulations.

Add versatility

Use Sector futures for spreading, sector rotation, portfolio overlays, and cash equitization opportunities.

Explore Sector futures

Equity Index Sector futures are efficient tools you can use to increase or decrease exposure to particular segments or industries of the broader equity market. Learn about the key features of these contracts.

Potential tax advantages and margin offsets

  • Tax treatment: Sector futures may be exempt from IRS Rule 871(m) transaction withholding. As Section 1256 contracts, these products also may qualify for 60/40 U.S. tax treatment rather than ordinary income tax.*  
  • Margin offsets: You may qualify for margin offsets with other CME Group contracts - and up to 70% offsets with E-mini S&P 500 futures. Combined with greater than 20x leverage and efficiency of working with a single clearinghouse, the potential savings can add up.

*Not intended as tax advice. Please consult your tax advisor and/or FCM for more information.

Multiple product applications

  • Sector rotation: Use in sector rotation strategies to express sector-specific views within a portfolio or to execute relative value or under/over-weighting strategies against the S&P 500 Index.
  • Spread trading: Capture spreading opportunities vs. constituent stocks of a sector index or the S&P 500 Index, or use to create a portfolio overlay to hedge unintended sector risk.
  • Cash equitization: Use in cash equitization strategies to efficiently manage cash or gain cheap beta exposure when faced with periodic cash contributions and redemptions.

Sector futures products

View our suite of 19 Sector futures, designed for managing sector-related risk.

SECTOR FUTURES CME GLOBEX CME CLEARPORT CME CLEARING CME BTIC UNDERLYING INDEX TICKER BLOOMBERG OUTRIGHT
S&P SELECT SECTOR
E-mini Communication Services Select Sector futures XAZ XZT XZT XZT IXCR XASA
E-mini Consumer Discretionary Select Sector futures XAY XYT XYT XYT IXY IXYA
E-mini Consumer Staples Select Sector futures XAP XPT XPT XPT IXR IXRA
E-mini Energy Select Sector futures XAE XET XET XET IXE IXPA
E-mini Financial Select Sector futures XAF XFT XFT XFT IXM IXAA
E-mini Health Care Select Sector futures XAV XVT XVT XVT IXV IXCA
E-mini Industrial Select Sector futures XAI XIT XIT XIT IXI IXIA
E-mini Materials Select Sector futures XAB XBT XBT XBT IXB IXDA
E-mini Real Estate Select Sector futures XAR XRT XRT XRT IXRE XARA
E-mini Technology Select Sector futures XAK XKT XKT XKT IXT IXTA
E-mini Utilities Select Sector futures XAU XUT XUT XUT IXU IXSA
S&P SELECT INDUSTRY
E-mini S&P Regional Banks Select Industry futures SXB SXB SXB RKT SPSIRBK SVWA
E-mini S&P Insurance Select Industry futures SXI SXI SXI IST SPSIINS SVYA
E-mini S&P Biotechnology Select Industry futures SXT SXT SXT BOT SPSIBI SVEA
E-mini S&P Oil & Gas Exploration & Production Select Industry futures SXO SXO SXO SWT SPSIOP SVOA
E-mini S&P Retail Select Industry futures SXR SXR SXR RET SPSIRE SWLA
OTHER SECTORS
E-mini PHLX Semiconductor Sector futures SOX SOX SOX SOT SOX SWOA
E-mini Nasdaq-100 Biotechnology Index futures BIO BQ BQ BIT NBI DBA
Dow Jones Real Estate futures RX JR JR REX DJUSRE DJEA

*Please consult your tax advisor and/or FCM for more information.

Flexible execution, greater liquidity access

In addition to the CME Globex electronic central limit order book, you have a choice of ways to find the liquidity you need to efficiently transact Sector futures orders of size.

Block trades

Block trades are privately negotiated futures, options, or combination transactions that are permitted to be executed apart from the auction market.

EFPs

Exchange for Physical (EFP) block trades allow market participants to sell stock and buy it back for future delivery by buying Single Stock futures (SSF), or by buying the stock and selling the SSF.

BTIC block trades

Basis Trade at Index Close (BTIC) block trades enable market participants to execute a transaction as a basis trade relative to the official close for the underlying index.

Derived block trades

A derived block is a block trade in which the price and quantity of the trade depends on hedging transactions in an eligible related market. Now available.

Equity Index tools for your trading strategy

Explore our industry-leading tools to gain insights that inform the way you trade.

Open Interest Profile Tool

Analyze open interest and open interest change patterns for each expiration within the selected product.

Other tools for the trade

Build your custom portfolio

Choose the contracts you want to follow and set alerts to stay informed. Subscribe to reports to see how events shape market activity and use our analytical tools to create trading strategies.

Equity Index futures insights

Dive into some of the many ways you can use Sector futures to achieve your objectives.

Managing sector rotation with derived blocks

See how derived blocks can provide greater liquidity and new opportunities for large-sized trading strategies when markets experience sector rotation.

Achieving Social Mandates with CME Equity Index Futures

Learn how trading a combination of E-mini S&P 500 index futures can synthesize investment strategies that restrict exposure to the energy sector.

Spread Trading Sector Index Futures

Learn about using Select Sector futures for spread trading in different market sectors.

Sector Investing

Read how CME Group's suite of Select Sector futures can provide effective risk management and help identify opportunities beneath the benchmark levels.

Courses

Learn more about our products and how they help manage risk

The courses below can help you quickly understand the market for Equity Index sectors and start trading.

Contact an Equity Index expert

Connect with a member of our Equity Index products team for more information about Sector futures.

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