There’s a bit of confusion over index ETFs for some investors. Exchange-traded funds that are tied to an index are indeed ways to march in lockstep with the major indices — the widely held SPDR S&P 500 ETF (NYSE:SPY), for instance, has a remarkable $80 billion in assets from investors who just want to “buy the market.”

But don’t be fooled. While the SPDR S&P 500 fund and the similar SPDR Dow Jones Industrial Average ETF (NYSE:DIA) are tied directly to the indices for which they are named, there are a host of index funds out there with very focused strategies. These ETFs focus on certain sectors or certain investment classes and thus can be a very simple and effective way to focus a limited amount of cash on a great investment opportunity.

So what sectors and related ETFs are performing the best right now in this volatile stock market? Take a look for yourself with these five high-flying funds: