By taking aim at indices dominated by smaller, independent producers such as the SPDR S&P Oil & Gas Exploration & Production ETF ( IEO) and the First Trust ISE Revere Natural Gas Index ETF ( FCG) can help investors keep their energy exposure close to home. The Guggenheim Canadian Energy Income ETF ( ENY) is another product to keep an eye on. In addition to focusing solely on Canada-based energy producers, the fund offers an attractive dividend that will likely be appealing in the event that high energy prices upend the market's strength. Already, investors have witnessed first-hand the benefits of using FCG and IEO to play the energy field. Over the past month period, both funds have managed to handedly outpace large-cap-dominated products like the Energy Select Sector SPDR ( XLE) and the iShares S&P Global Energy Sector Index Fund The looming threat of rising energy prices will continue to dominate discussion and impact investor sentiment until some sort of resolution is resolved. While a band-aid-like solution like the one we saw last summer is likely, aggressive long term-minded investors may find funds like IEO and FCG to be attractive bets on a more-dramatic shift in this sector. Whatever option is exercised, however, investors must use caution. As with any sector-specific ETF, these energy products should be viewed as small, niche holdings. Written by Don Dion in Williamstown, Mass.