I am not actually a trader, but I've recently started to become curious about doing some trading as an individual with my own money. I've come across ETF and have read about how they can be a -relatively- safer vehicle for trading, for beginners. Of course I don't want to just take a naked position in some ETF and just speculate and perhaps lose money, so I started to look for how I can use some other ETFs or trades to hedge my hypothetical ETF position. I was looking into some Oil ETFs and then I thought, well to hedge that I perhaps need to find an Airline industry ETF, as if one goes up you'd expect the other one to go down. then I compared these two guys to see how they've done in the past year:
CRAK - VanEck Vct Oil Shs
XTN - SPDR S&P Trns Shs
and surprisingly I see that they've both somewhat have gained. Why is that?
I then found out that I can find some inverse commodity (oil) ETFs which probably would do a much better job of hedging oil ETF, but then again, if I gain in one the other one will lose (as expected), so it will wipe out the gain of the first one. If I were an IB trader I'd use options but as an individual trader that's not so easy, so id there a point in hedging like what I explained? How should I go about hedging ETFs?