Not everyone is sold on Treasury Inflation-Protected Securities (TIPS). If you count yourself among the skeptics, ProShares‘ newest exchange traded fund (ETF) could be for you.

ProShares UltraShort TIPS (NYSEArca: TPS) aims to deliver -200% of the daily return of the Barclays Capital U.S. Treasury Inflation-Protected Securities Index.

TIPS have been popular with many investors as the prospect of inflation became more real, but it has yet to materialize. That has a negative impact on such funds, which are designed to pay a coupon linked to the Consumer Price Index (CPI).

If you believe TIPS are going to decline in value, then this fund should be an effective way to hedge.

For more information on TIPS, visit the TIPS ETF category.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.