For those who remain skeptical and 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. [Inverse ETFs to Hedge a Pullback in the Nasdaq]

Nasdaq Composite Index

For more information on the Nasdaq, visit our Nasdaq category.

Max Chen contributed to this article.