While volatile stocks offer lucrative oppurtunities for returns, it is important to maintiain diversification and to hedge for rising volatility.
A great pick is VGLT. VGLT contains a basket of treasury etfs and has done exceptionally well over the past years.
With having a dividend yield of 2.1% and VXX-like response to heightened volatility, VGLT is a good ETF for hedging or market neutral strategies.