But fund manager James Davolos believes the commodities sector is where it's at for savvy investors.
"I don't really worry about volatility that much, but I continue to think that the one universally underpriced asset class today is commodities," Davolos, portfolio manager at Horizon Kinetics, told CNBC's "Street Signs Asia" on Monday.
Stocks to play it One of his top picks is Lithium Royalty Corp, which owns a royalty portfolio of lithium mines.
Davolos believes the market is underappreciating Lithium Royalty as most of its portfolio mines have yet to commence production.
Davolos also likes two other stocks : Viper Energy Partners , which owns a royalty portfolio of oilfield assets, and its parent company Diamondback Energy .