Even during the financial crisis in 2008, government bonds and gold worked. And in 2015, when a majority of asset classes finished in the red, at least stocks and Treasurys squeaked out positive returns. After Thursday’s rout, the S&P 500 looks like it is ending the year on the lows, down 7.7 percent and counting for 2018.

A look at the biggest year-to-date exchange-traded fund winners on Morningstar reveals only the risky funds that short the markets or bet on volatility and commodities using leverage.