In the feature, “ETFs Provide Cover When Markets Get Crazy,” which ETF does John Schloegel recommend?

Nevertheless, Schloegel likes a variety of ETFs, with exposure to alternative energy, materials, commodities and utilities.

Some of his favorites include: iShares Dow Jones Basic US Materials (IYM) up nearly 12 percent this year and nearly 23 percent over the past 12 months; Poweshares Water (PHO), which tracks domestic water-oriented businesses and is up 11 percent in the past year, and Claymore S&P Global Water (CGW), which is like PHO but is focused internationally.

Scholegel also points to one of the more popular ETFs, the SPDR Gold Shares (GLD) fund, which tracks the commodity’s movement as a good diversification tool. The fund is up about 34 percent over the past 12 months.

Looks like an “all of the above” situation.”