MARS
Roundhill Space & Technology ETF
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There isn't much you can do if you want to hedge against the underlying's movements specifically. As others have pointed out, your high beta names won't necessarily move with the index. The only thing you can do to hedge directly would be to buy protection on the tickers themselves. If you're trying to hedge against market wide downturns, then you can look hedging using index products. At the onset of the Iran war, everything went down together, so an index put or short futures would have done a decent job at 'protecting' your portfolio (provided you sized appropriately). You could try looking at ETFs that are more inline such as UFO or MARS for your RKLB and ASTS positions. As for NBIS, maybe MEME?
MOON! MARS! JUPITER! PLUTO! CENTAURI! ANDROMEDA! AND TO INFINITYYYYYYYyyyyyy…
Yea I get where you’re coming from. QLD isn’t exactly correlated with space stocks but in my experience, QLD still reflects similarly\* to ETFs like UFO or MARS. The problem with space focused ETFs is liquidity. Their bid ask spreads are too wide and volume is too low compared to QQQ focused ETFs so IMO QLD is the next best thing.
I’m holding to MARS $htz