When the US Dollar falls, whats going up. What is the greatest percentage up move in a negatively correlated ETF to the US Dollar. Here at readtheticker.com we have our own negative dollar index. The index includes ETFs from commodities, currencies and metals. We load the index and the components into our Alpha Stock Scanner to monitor alpha (relative strength) performances.
Looks like if you hedge against the US Dollar falling with Gold and Australian dollar you would not do as well as hedging with Cotton, Silver and Coffee.
A good alpha scanner will help you with your allocations of capital. Here is the output from our Alpha Scanner.