There’s a good deal of fear in the market.
At the moment, the Dow is down 646 points, as the NASDAQ sinks 241.
All thanks to the omicron virus, which is now in 43 U.S. states, and about 90 countries.
Worse, Michael Osterson, director of the Center for Infectious Disease Research and Policy at the University of Minnesota says, “We’re really just about to experience a viral blizzard,” as quoted by CNN. “In the next three to eight weeks, we’re going to see millions of Americans are going to be infected with this virus, and that will be overlaid on top of Delta, and we’re not yet sure exactly how that’s going to work out.”
While research suggests omicron is less severe than previous strains, fear is still on the rise, which leads to higher volatility, which can lead to severe market sell offs.
So, what’s the best way to protect your portfolio from omicron-fueled chaos?
One way is to trade volatility-based ETFs. In fact, some of the top ways to do that include:
ProShares VIX Mid-Term Futures ETF (VIXM)
At $33 a share with an expense ratio of 0.85%, the VIXM ETF tracks the performance of the S&P 500 VIX Mid-Term Futures Index. Along the way, the ETF allows investors to “profit from increases in the expected volatility of the S&P 500, as measured by the prices of VIX futures contracts,” as noted by ProShares.
ProShares Ultra VIX Short-Term Futures ETF (UVXY)
At $18.55 with an expense ratio of 0.95%, the UVXY ETF was designed to match 1.5x the daily performance of the S&P 500 VIX Short-Term Futures Index.
ProShares VIX Short-Term Futures ETF (VIXY)
At $19.70 with an expense ratio of 0.85%, the VIXY ETF tracks the performance of the S&P 500 VIX Short-Term Futures Index. The index tracks the returns of a collection of futures contracts that have a weighted average of expiration to one month, according to Financhill.com.
One of the top year-end strategies to consider is the Dogs of the Dow.
Not only does the strategy allow you to potentially profit from down and out Dow stocks, it allows you to collect respectable dividends, too.
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