Wall Street is gearing up for the results of the upcoming U.S. presidential election, where former President Donald Trump faces off against current Vice President Kamala Harris. Investors are closely monitoring the candidates' policies, anticipating their potential impact on the market.

While much can be said about either candidate, Bloomberg showcased in a compiled data report that during the previous eight elections, the S&P 500 (SP500) increased an average of 6.6% in the six months after Election Day, while it only rose by 1.5% six months prior.

If history were to be proven correct, then the benchmark S&P 500 will be poised for further upside and new all-time trading high as it recently stumbled last week.

For traders and investors looking to keep a closer eye on the broader S&P 500, here are some exchange-traded funds and mutual funds that can act as a proxy investment towards the index: (NYSEARCA:SPY), (NYSEARCA:VOO), (NYSEARCA:IVV), (SSO), (RSP), (UPRO), (SH), (SDS), (SPXU), (FXAIX), (VFIAX), and (VFFSX).

At the same time, for investors looking to track the elections through market instruments, here are some politically driven Republican and Democratic exchange-traded funds to monitor:

• God Bless America ETF (YALL)
• American Conservative Values ETF (ACVF)
• Point Bridge America First ETF (MAGA)
• Democratic Large Cap Core ETF (DEMZ)
• Unusual Whales Subversive Democratic ETF (NANC)
• Unusual Whales Subversive Republican ETF (KRUZ)