AdvisorShares Athena International Bear ETF (NYSEArca: HDGI)
October returns: -3.5%
Comment: HDGI is an actively managed ETF that takes short positions on the least appealing international equity securities. The short equity strategy outperforms during bearish or declining market conditions, but the current market rally has weighed on the fund. Alternatively, the AdvisorShares Ranger Equity Bear ETF (NYSEArca: HDGE) provides a similar strategy for U.S. equities.