– You can hedge by selling Forex USD versus Euros (EURUSD). – You can also use the Futures on these ETFs which eliminates the currency risk. There are synthetic Futures for nearly every ETF. – You can use real Futures like ES, GC, UB ….. instead of ETFs. – You can sell options with a long expiry. For example a Jan 2021 put option on TLT. The higher the delta the closer the put option behaves like the underlying. Option selling however is nothing for beginners. I would sell equity options only with a high (0.7) delta and minimum 100 days expiry.