The Market Vectors Gold Miners (NYSEArca: GDX) have lagged behind physical gold and are now trading at cheap valuations. [Gold Miner ETFs: ‘Raging Bulls and Raving Bears’]
Jeff Vollmer, managing partner at Hyde Park Wealth Management, also points to several factors in favor of gold miners, including rising demand for gold, rising middle class in the emerging markets, inflationary pressures and higher gold prices.
The ProShares Short Real Estate (NYSEArca: REK) provides investors with an inverse play on the housing market.
Chad Karnes, chief market strategist at ETFguide, said he is worried about the housing market with prices falling on lumber, a leading indicator and key input to the housing market. Moreover, housing prices are beginning to dip month-over-month and interest rates are rising.
The Market Vectors Russia ETF (NYSEArca: RSX) has declined 9% this year, but Russian stocks are doing better than the other large emerging market BRIC countries.
Brett Owens, editor of Contrarian Profits, also points out that they are dirt cheap. Russian stocks are trading at six times earnings, or less than half that of the U.S. market.
For more information on ETFs, visit our ETF 101 category.
Max Chen contributed to this article.