For those who want to hedge against a potential pullback in the Nasdaq, there are a number of inverse or bearish ETF options that capitalize on market turns. The ProShares Short QQQ ETF (NYSEArca: PSQ) takes the inverse or -100% daily performance of the Nasdaq-100 Index. [Correction Prep With These Inverse ETFs]
The more aggressive trader can also juice returns through leveraged plays. For instance, the ProShares UltraShort QQQ ETF (NYSEArca: QID) tracks the double inverse or -200% performance of the Nasdaq-100, and the ProShares UltraPro Short QQQ ETF (NasdaqGM: SQQQ) reflects the triple inverse or -300% of the Nasdaq-100. However, potential traders should be aware that these ETFs show higher volatility and come with greater risks.
PowerShares QQQ
For more information on the Nasdaq, visit our Nasdaq category.
Max Chen contributed to this article.