What if you short the stock by the equivalent ETF holding amount. Not sure the math is right, but assuming you have an s&p500 ETF, and s&p500 has 23.7T in market cap and Uber is 100 billion, then they represent something like 0.4% of the s&p500. So for every 10k you have invested, short by 40 dollars worth of Uber stock. If uber stock drops, your ETF drops but your shorts gain and vis-versa.

FYI I'm not even sure if what I'm saying even makes any sense or is realistic to do.