Why would you hedge with something that takes 4 steps back when your wrong and 2 steps forward when your right? Unless your hedge is intraday only and you market time near perfectly this has to be about the worst option.
Heres all you need to know and its quickly becoming common knowledge. The whole spectrum of ETFs are nothing more than trading vehicles and are NOT to be used for any longterm purposes. Between the decay from fund fees and the, at times, devastating rollover losses to underlying value, the ETF phenomenon is losing its luster as well it should, as a longterm investment. Get in, stay on top of it, get out. Search terms: ETF Decay and ETF Rollover will provide much needed details such as how the big money "prerolls" out of ETFs when they are about to take a hit. Hope that helps. GLTA n HNY