Rebuilt every trading night. Data as of Nov 4, 2026.
Alternatives ETFs · 90 funds
Every alternatives ETF, against the S&P 500
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See whether each alternatives ETF behaves differently from stocks. 90 funds in 9 strategies. Updated Nov 4, 2026.
IQ · Nov 4, 2026More about this list
ETFIQ measures how closely its weekly returns followed the S&P 500 over the last year, and what it did in the weeks the index fell. Its return against T-bills is shown too.
In the weeks the S&P 500 fell, one bar per fund
14 rose when the S&P 500 fell, 25 fell less than half as much, 32 fell half as much or more, 19 not measured. Data to Nov 4, 2026.
−255.2% · UVXYOne bar per fund, down-week capture · 14 rose when the S&P 500 fell · hover for the ticker191.0% · QIS
90 of the 90 alternatives ETFs ETFIQ covers, what each fund did in the weeks the S&P 500 fell over the last year, as of Nov 4, 2026.
More about this drawing
19 of these are counted here and not drawn on the strip: not measured.
14
rose when the S&P 500 fell
Nov 4, 2026
25
fell less than half as much
Nov 4, 2026
32
fell half as much or more
Nov 4, 2026
19
not measured
Nov 4, 2026
Every alternatives ETF with a full year of prices
71 funds
Net assets
Points (pts) are percentage points.
IQ Alternatives Score
How much it diversifies a stock portfolio, ranked against its own set, 22 equity hedged alternatives ETFs with a full year and 17 systematic trend alternatives ETFs with a full year. 100 is best. How it is computed
| Ticker | Fund | Stock Diversification Score ↓ | Issuer | Strategy | Correlation | Net assets | Net assets as of | Fee | Total return 1M | Total return 3M | Total return YTD | Total return 1Y | Total return 3Y | Total return since launch | Beta | Down-week capture, % | Against T-bills, pts |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TAIL | Cambria Tail Risk ETF | 95.5 | Cambria | Hedged equity | −0.74 | $147m | Jul 31, 2026 | 0.60% | +3.1% | −2.7% | −11.1% | −13.1% | −14.2% | −51.5% | −0.36 | −15.9 | −16.0 |
| CTA | Simplify Managed Futures Strategy ETF | 94.2 | Simplify | Managed futures | −0.14 | $1.3bn | Nov 3, 2026 | 0.86% | −6.9% | +6.2% | +2.8% | +4.6% | +22.3% | +37.8% | −0.30 | 5.3 | 0.0 |
| KMLM | KraneShares Mount Lucas Managed Futures Index | 94.2 | KraneShares | Managed futures | −0.12 | $586m | Nov 4, 2026 | 0.90% | −6.6% | +3.0% | +12.6% | +16.5% | −0.7% | +49.0% | −0.12 | −16.3 | +12.9 |
| CCOR | Core Alternative ETF | 90.9 | Core Alternative | Hedged equity | −0.14 | $28m | Jul 31, 2026 | 1.16% | +8.7% | +3.3% | +4.5% | +7.6% | 0.0% | +21.2% | −0.10 | −20.7 | +3.9 |
| QBER | TrueShares Quarterly Bear Hedge ETF | 90.9 | TrueShares | Hedged equity | −0.71 | $73m | Jul 31, 2026 | 0.79% | +0.1% | 0.0% | −0.5% | 0.0% | – | −0.2% since Jul 2024 | −0.12 | −15.4 | −3.8 |
| CAOS | Alpha Architect Tail Risk ETF | 84 | Alpha Architect | Hedged equity | −0.15 | $728m | Nov 3, 2026 | 0.63% | +0.5% | +1.0% | +1.6% | +1.3% | +10.5% | +18.5% | −0.01 | −3.3 | −2.3 |
| FMF | First Trust Managed Futures Strategy Fund | 82.3 | First Trust | Managed futures | +0.16 | $298m | Nov 3, 2026 | 0.98% | −2.8% | +1.8% | +9.2% | +11.1% | +20.3% | +28.7% | +0.11 | 9.9 | +6.9 |
| TOAK | Manager Directed Portfolios Twin Oak Short Hor | 81.8 | Manager Directed Portfolios | Hedged equity | +0.12 | $105m | Aug 31, 2026 | 0.26% | +0.3% | +0.8% | +2.9% | +3.7% | – | +8.9% since Aug 2024 | 0.00 | −6.1 | 0.0 |
| FFUT | Fidelity Managed Futures ETF | 79.4 | Fidelity | Managed futures | +0.09 | $394m | Sep 30, 2026 | 0.80% | −5.7% | +0.9% | +13.1% | +17.2% | – | +22.4% since Jun 2025 | +0.08 | 13.6 | +13.4 |
| IMF | Invesco Managed Futures Strategy ETF | 70.6 | Invesco | Managed futures | +0.38 | $304m | Nov 3, 2026 | 0.65% | −3.1% | +0.4% | +13.3% | +20.1% | – | +4.3% since Mar 2025 | +0.24 | 13.0 | +15.6 |
| HEDG | Equable Shares Hedged Equity ETF | 68.2 | Equable Shares | Hedged equity | +0.87 | $427m | Jul 31, 2026 | 0.96% | +0.2% | +2.3% | +7.4% | +10.0% | – | +10.8% since Oct 2025 | +0.26 | 15.8 | +5.9 |
| QBUL | TrueShares Quarterly Bull Hedge ETF | 68.2 | TrueShares | Hedged equity | +0.85 | $28m | Jul 31, 2026 | 0.79% | −0.3% | −0.9% | +1.0% | +0.4% | – | +6.5% since Jul 2024 | +0.20 | 23.9 | −3.3 |
| DBMF | iMGP DBi Managed Futures Strategy ETF | 67.6 | iMGP | Managed futures | +0.26 | $5.2bn | Nov 3, 2026 | 0.85% | −5.0% | +3.0% | +13.7% | +18.5% | +31.9% | +92.9% | +0.23 | 32.9 | +14.3 |
| HOLA | JPMorgan International Hedged Equity Laddered | 65.9 | JPMorgan | Hedged equity | +0.69 | $282m | Nov 3, 2026 | 0.50% | +0.8% | −1.3% | +6.9% | +10.7% | – | +15.0% since Jul 2025 | +0.46 | 36.9 | +6.5 |
| ATTR | Arin Tactical Tail Risk ETF | 62.5 | Arin | Hedged equity | +0.91 | $96m | Jun 30, 2026 | 0.63% | +0.1% | +1.4% | +6.7% | +7.2% | – | +7.3% since Oct 2025 | +0.22 | 15.6 | +3.5 |
| HFMF | Unlimited HFMF Managed Futures ETF | 58.8 | Unlimited | Managed futures | +0.18 | $25m | Aug 31, 2026 | 0.97% | −2.8% | +2.6% | +5.1% | +8.0% | – | +11.8% since Jul 2025 | +0.24 | 56.2 | +4.6 |
| ASMF | Virtus AlphaSimplex Managed Futures ETF | 53 | Virtus | Managed futures | +0.40 | $30m | Jul 31, 2026 | 0.80% | −5.2% | +2.5% | +9.3% | +13.2% | – | +6.6% since May 2024 | +0.32 | 45.9 | +9.2 |
| ISMF | iShares Managed Futures Active ETF | 50 | iShares | Managed futures | +0.48 | $37m | Nov 3, 2026 | 0.80% | −4.4% | −0.7% | +5.7% | +10.9% | – | +17.9% since Mar 2025 | +0.31 | 35.9 | +6.8 |
| PHEQ | Parametric Hedged Equity ETF | 50 | Parametric | Hedged equity | +0.94 | $140m | Jun 30, 2026 | 0.29% | −0.2% | +2.2% | +9.7% | +11.2% | +49.5% | +51.1% | +0.40 | 31.6 | +7.2 |
| KSPY | KraneShares Hedgeye Hedged Equity Index ETF | 47.8 | KraneShares | Hedged equity | +0.92 | $135m | Nov 4, 2026 | 0.88% | +0.1% | +1.4% | +10.3% | +11.8% | – | +30.0% since Jul 2024 | +0.46 | 41.0 | +7.9 |
| SHDG | Soundwatch Hedged Equity ETF | 47.7 | Soundwatch | Hedged equity | +0.90 | $161m | Jul 31, 2026 | 0.91% | −0.4% | +0.6% | +4.0% | +5.6% | +46.8% | +67.7% | +0.60 | 70.4 | +1.6 |
| WTMF | WisdomTree Managed Futures Strategy Fund | 44.1 | WisdomTree | Managed futures | +0.62 | $261m | Aug 31, 2026 | 0.66% | −1.6% | +1.6% | +10.4% | +12.7% | +33.3% | +21.0% | +0.38 | 34.4 | +8.1 |
| AHLT | AHL Trend ETF | 41.2 | American Beacon | Managed futures | +0.47 | $131m | Jul 31, 2026 | 0.96% | −8.2% | +2.3% | +10.3% | +19.3% | +22.1% | +22.2% | +0.58 | 81.7 | +14.7 |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | 38.7 | JPMorgan | Hedged equity | +0.95 | $4.9bn | Nov 3, 2026 | 0.50% | 0.0% | +0.2% | +5.3% | +7.2% | +40.1% | +42.5% | +0.59 | 60.7 | +3.4 |
| RSBT | Return Stacked Bonds & Managed Futures ETF | 38.2 | Return Stacked | Managed futures | +0.52 | $135m | Jul 31, 2026 | 1.01% | −3.3% | +1.0% | +5.1% | +7.9% | +15.2% | −0.8% | +0.52 | 74.4 | +4.4 |
| HEQQ | JPMorgan Nasdaq Hedged Equity Laddered Overlay | 36.4 | JPMorgan | Hedged equity | +0.88 | $30m | Nov 3, 2026 | 0.50% | −4.4% | −1.5% | +3.0% | +3.9% | – | +20.7% since Mar 2025 | +0.81 | 96.6 | −0.1 |
| HEQT | Simplify Hedged Equity ETF | 36.4 | Simplify | Hedged equity | +0.97 | $307m | Nov 3, 2026 | 0.48% | −0.4% | +0.8% | +8.7% | +10.3% | +50.4% | +54.7% | +0.56 | 54.2 | +6.5 |
| MFUT | Cambria Chesapeake Pure Trend ETF | 29.4 | Cambria | Managed futures | +0.54 | $39m | Jun 30, 2026 | 0.89% | −5.1% | −2.0% | +15.6% | +22.8% | – | −5.4% since May 2024 | +0.74 | 89.9 | +19.1 |
| HEGD | Swan Hedged Equity US Large Cap ETF | 26.1 | Swan | Hedged equity | +0.98 | $735m | Aug 31, 2026 | 0.87% | −0.9% | −1.2% | +6.7% | +6.8% | +49.5% | +66.7% | +0.66 | 71.4 | +3.2 |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 26.1 | Global X | Hedged equity | +0.91 | $10m | Oct 12, 2026 | 0.25% | −8.0% | −4.6% | +7.4% | +6.0% | +66.0% | +58.6% | +1.34 | 167.0 | +1.7 |
| ZHDG | ZEGA Buy and Hedge ETF | 25 | Zega | Hedged equity | +0.96 | $35m | Jul 31, 2026 | 0.95% | −0.9% | −1.4% | +5.7% | +6.6% | +49.1% | +33.8% | +0.82 | 85.6 | +2.6 |
| THEQ | T. Rowe Price Hedged Equity ETF | 19.3 | T. Rowe Price | Hedged equity | +0.99 | $38m | Nov 3, 2026 | 0.46% | −0.3% | −0.3% | +8.5% | +9.1% | – | +22.4% since Mar 2025 | +0.69 | 72.3 | +5.3 |
| HOLD | Harbor Alpha Layering ETF | 17.6 | Harbor | Managed futures | +0.66 | $3.9m | Nov 4, 2026 | 0.70% | −6.9% | −3.1% | +1.6% | +0.8% | – | +10.3% since Aug 2025 | +0.81 | 120.5 | −3.3 |
| ACIO | Aptus Collared Investment Opportunity ETF | 17.1 | Aptus | Hedged equity | +0.99 | $2.4bn | Jul 31, 2026 | 0.79% | −1.7% | −1.2% | +7.2% | +7.1% | +52.4% | +98.5% | +0.79 | 84.3 | +3.3 |
| FHEQ | Fidelity Hedged Equity ETF | 17.1 | Fidelity | Hedged equity | +0.98 | $986m | Sep 30, 2026 | 0.48% | −2.0% | −2.6% | +8.3% | +8.7% | – | +35.8% since Apr 2024 | +0.82 | 86.0 | +4.7 |
| PRAE | PlanRock Equity Plus Alternatives ETF | 14.7 | PlanRock | Managed futures | +0.79 | $12m | Jun 30, 2026 | 1.49% | −4.3% | +0.2% | +10.8% | +13.3% | – | +37.5% since Dec 2023 | +0.95 | 120.0 | +9.5 |
| TFPN | Blueprint Chesapeake Multi-Asset Trend ETF | 11.8 | Blueprint | Managed futures | +0.75 | $170m | Jun 30, 2026 | 1.13% | −4.3% | −3.4% | +12.5% | +14.2% | +18.6% | +17.8% | +1.00 | 123.6 | +10.8 |
| XTR | Global X S&P 500 Tail Risk ETF | 4.5 | Global X | Hedged equity | +1.00 | $5.0m | Oct 12, 2026 | 0.25% | −1.2% | −1.0% | +9.4% | +10.2% | +65.7% | +58.1% | +0.94 | 100.0 | +6.3 |
| RSST | Return Stacked U.S. Stocks & Managed Futures E | 2.9 | Return Stacked | Managed futures | +0.85 | $480m | Jul 31, 2026 | 0.99% | −6.9% | +0.9% | +18.6% | +23.3% | +80.1% | +71.0% | +1.45 | 164.8 | +18.9 |
| ASGM | Virtus AlphaSimplex Global Macro ETF | Virtus | Global macro | +0.85 | $8.5m | Jul 31, 2026 | 0.86% | −4.6% | +0.9% | +19.8% | +22.8% | – | +33.6% since Aug 2025 | +1.08 | 116.3 | +18.2 | |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | AGF Investments | Market neutral | −0.74 | $283m | Jun 30, 2026 | 1.25% | +9.8% | +10.1% | −9.1% | −11.5% | −28.9% | −38.0% | −1.37 | −168.4 | −13.7 | |
| CBLS | Clough Hedged Equity ETF | Clough | Long-short equity | +0.59 | $56m | Jul 31, 2026 | 1.89% | −12.7% | −7.3% | +2.3% | +1.2% | +50.4% | +40.8% | +0.97 | 150.0 | −2.5 | |
| CLSE | Convergence Long/Short Equity ETF | Convergence | Long-short equity | +0.73 | $900m | Aug 31, 2026 | 1.52% | −5.5% | −4.7% | +19.0% | +23.3% | +102.2% | +121.4% | +0.75 | 59.1 | +18.4 | |
| CSM | ProShares Large Cap Core Plus | ProShares | Long-short equity | +0.98 | $521m | Nov 4, 2026 | 0.45% | −0.1% | −1.1% | +11.2% | +14.4% | +83.6% | +977.7% | +0.94 | 90.7 | +10.1 | |
| EHLS | Even Herd Long Short ETF | Even Herd | Long-short equity | +0.69 | $61m | Jun 30, 2026 | 3.35% | −9.4% | −10.0% | +0.1% | +1.3% | – | +19.2% since Apr 2024 | +0.91 | 123.5 | −3.2 | |
| FFLS | The Future Fund Long/Short ETF | The Future Fund | Long-short equity | +0.65 | $43m | Aug 31, 2026 | 1.24% | −0.4% | −0.3% | +1.1% | −0.1% | +36.0% | +30.5% | +0.61 | 65.7 | −2.4 | |
| FLSP | Franklin Systematic Style Premia ETF | Franklin | Multi-strategy | −0.13 | $1.2bn | Nov 3, 2026 | 0.65% | +1.7% | +3.1% | +8.2% | +12.2% | +36.4% | +37.8% | −0.06 | −21.2 | +7.9 | |
| FTLS | First Trust Long/Short Equity | First Trust | Long-short equity | +0.83 | $2.6bn | Nov 3, 2026 | 1.38% | −2.0% | +1.0% | +8.1% | +8.5% | +46.9% | +183.1% | +0.48 | 44.7 | +4.1 | |
| HDG | ProShares Hedge Replication ETF | ProShares | Multi-strategy | +0.85 | $22m | Nov 4, 2026 | 0.95% | −1.0% | −1.3% | +6.0% | +7.3% | +23.6% | +53.6% | +0.37 | 38.0 | +3.0 | |
| HFEQ | Unlimited HFEQ Equity Long/Short ETF | Unlimited | Long-short equity | +0.86 | $19m | Aug 31, 2026 | 0.96% | −2.2% | −7.1% | +10.1% | +11.4% | – | +26.4% since Jul 2025 | +1.31 | 158.3 | +5.8 | |
| HFGM | Unlimited HFGM Global Macro ETF | Unlimited | Global macro | +0.61 | $151m | Aug 31, 2026 | 1.01% | −8.1% | −5.4% | +1.6% | +2.4% | – | +28.9% since Apr 2025 | +1.11 | 174.2 | −1.4 | |
| HFND | Unlimited HFND Multi-Strategy Return Tracker E | Unlimited | Multi-strategy | +0.82 | $39m | Aug 31, 2026 | 1.07% | −2.4% | −4.2% | +4.5% | +3.2% | +27.8% | +30.8% | +0.58 | 76.4 | −0.1 | |
| LALT | First Trust Multi-Strategy Alternative ETF | First Trust | Multi-strategy | +0.34 | $442m | Nov 3, 2026 | 1.18% | −0.9% | +1.9% | +10.4% | +12.0% | +33.7% | +34.3% | +0.17 | 8.9 | +8.0 | |
| LSEQ | Harbor Long-Short Equity ETF | Harbor | Long-short equity | +0.18 | $17m | Nov 3, 2026 | 2.28% | +2.6% | +8.0% | +27.0% | +26.5% | – | +47.4% since Dec 2023 | +0.24 | 24.8 | +20.8 | |
| MKTN | Federated Hermes MDT Market Neutral ETF | Federated Hermes | Market neutral | −0.06 | $107m | Jun 30, 2026 | 1.94% | +3.1% | +5.3% | +12.6% | +16.4% | – | +16.6% since Sep 2025 | −0.03 | −43.2 | +12.6 | |
| MNA | NYLIM Merger Arbitrage ETF | New York Life Investments | Event driven | +0.22 | $252m | Jul 31, 2026 | 0.78% | +0.2% | +0.6% | +3.0% | +2.9% | +18.3% | +56.6% | +0.05 | 0.2 | −0.7 | |
| MRGR | ProShares Merger ETF | ProShares | Event driven | +0.22 | $16m | Nov 4, 2026 | 0.75% | +1.4% | +0.4% | +2.9% | +4.3% | +24.6% | +34.9% | +0.05 | 1.2 | +0.7 | |
| ORR | Militia Long/Short Equity ETF | Militia | Long-short equity | +0.41 | $355m | Aug 31, 2026 | not read by ETFIQ | +1.2% | −1.6% | +13.2% | +21.6% | – | +49.6% since Jan 2025 | +0.47 | 25.0 | +16.7 | |
| QAI | NYLIM Hedge Multi-Strategy Tracker ETF | New York Life Investments | Multi-strategy | +0.89 | $1.0bn | Jul 31, 2026 | 0.81% | −1.6% | −2.0% | +6.6% | +7.7% | +28.1% | +79.4% | +0.45 | 50.9 | +3.5 | |
| QALT | SEI DBi Multi-Strategy Alternative ETF | SEI | Multi-strategy | +0.60 | $194m | Jun 30, 2026 | 0.80% | −3.1% | −2.2% | +4.8% | +6.5% | – | +10.0% since Aug 2025 | +0.31 | 45.7 | +2.5 | |
| QIS | Simplify Multi-QIS Alternative ETF | Simplify | Multi-strategy | +0.03 | $47m | Nov 3, 2026 | 1.13% | −13.6% | +8.2% | −32.7% | −45.8% | −58.5% | −57.4% | +0.10 | 191.0 | −50.7 | |
| RSBA | Return Stacked Bonds & Merger Arbitrage ETF | Return Stacked | Event driven | +0.31 | $53m | Jul 31, 2026 | 1.01% | +4.1% | −1.1% | −0.9% | −0.7% | – | +6.7% since Dec 2024 | +0.11 | 13.5 | −3.9 | |
| SVOL | Simplify Volatility Premium ETF | Simplify | Volatility | +0.75 | $491m | Nov 3, 2026 | 0.78% | −1.7% | +5.4% | +7.8% | +12.1% | +22.4% | +57.1% | +0.72 | 79.2 | +7.5 | |
| SVXY | ProShares Short VIX Short-Term Futures ETF | ProShares | Volatility | +0.81 | $206m | Nov 4, 2026 | 0.95% | −0.7% | +8.4% | +15.6% | +31.1% | +44.6% | +508.5% | +1.27 | 104.6 | +25.0 | |
| UVXY | ProShares Ultra VIX Short-Term Futures ETF | ProShares | Volatility | −0.81 | $164m | Nov 4, 2026 | 0.95% | −2.7% | −26.4% | −54.8% | −70.5% | −95.2% | −100.0% | −3.66 | −255.2 | −72.5 | |
| VIXM | ProShares VIX Mid-Term Futures ETF | ProShares | Volatility | −0.64 | $43m | Nov 4, 2026 | 0.85% | −0.2% | −9.7% | −16.0% | −22.9% | −32.7% | −96.0% | −0.73 | −34.0 | −25.1 | |
| VIXY | ProShares VIX Short-Term Futures ETF | ProShares | Volatility | −0.81 | $187m | Nov 4, 2026 | 0.85% | −1.1% | −17.2% | −36.2% | −51.7% | −80.7% | −100.0% | −2.47 | −182.7 | −53.5 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures | iPath | Volatility | −0.81 | not read by ETFIQ | – | not read by ETFIQ | −0.8% | −16.8% | −35.5% | −51.1% | −79.9% | −100.0% | −2.47 | −184.6 | −53.0 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ET | iPath | Volatility | −0.65 | not read by ETFIQ | – | not read by ETFIQ | −0.2% | −9.4% | −15.5% | −22.3% | −31.1% | −33.1% | −0.73 | −34.3 | −24.3 | |
| VYLD | Inverse VIX Short-Term Futures ETNs due March | JPMorgan | Volatility | +0.80 | not read by ETFIQ | – | not read by ETFIQ | +0.4% | +4.1% | +10.9% | +16.9% | – | +24.9% since Mar 2025 | +0.51 | 36.5 | +12.4 | |
| ZVOL | Volatility Premium Plus ETF | Volatility Shares | Volatility | +0.62 | $22m | Nov 3, 2026 | 1.42% | +0.1% | +11.0% | +18.7% | +29.6% | +30.8% | +75.7% | +0.70 | 29.0 | +23.3 |
71 funds with a full year of weekly prices to Nov 4, 2026, highest Stock Diversification Score first. Source: weekly closes from Tiingo, ETFIQ calculation. 71 funds, sorted by stock diversification score. Stock Diversification Score is the column after Fund. Ranked by it · How it is computed – means no data for this window.CSV
More about this table
It ranks each fund within its own set: 22 equity hedged alternatives ETFs with a full year (4.5 to 95.5) and 17 systematic trend alternatives ETFs with a full year (2.9 to 94.2).
Less than a year of prices
Correlation, beta and down-week capture need a year of weekly returns, so these funds are listed with what they have returned since they first traded, against the S&P 500 over the same days.
Net assets
| Ticker | Fund | Issuer | Strategy | Net assets | Net assets as of | Fee | Total return 1M | Total return 3M | Total return YTD | Total return 1Y | Total return 3Y | Total return since launch | First traded | S&P 500 since |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARB | AltShares Merger Arbitrage ETF | AltShares | Event driven | $103m | May 31, 2026 | 0.82% | +0.6% | – | – | – | – | – | not published | |
| CHDG | Calamos Active Hedged Equity ETF | Calamos | Hedged equity | not read by ETFIQ | – | 0.66% | −0.4% | −0.3% | – | – | – | −0.3% since Aug 2026 | Aug 4, 2026 | −0.3% |
| CTAP | Simplify US Equity PLUS Managed Futures Strate | Simplify | Managed futures | $158m | Nov 3, 2026 | 0.13% | −8.5% | +3.3% | +9.7% | – | – | +12.4% since Dec 2025 | Dec 9, 2025 | +13.5% |
| EVNT | AltShares Event-Driven ETF | AltShares | Event driven | $12m | May 31, 2026 | 1.27% | +0.7% | – | – | – | – | – | not published | |
| HAWG | HCM Hedged Equity ETF | HCM | Hedged equity | not read by ETFIQ | – | 1.35% | −2.3% | – | – | – | – | −0.9% since Aug 2026 | Aug 14, 2026 | −1.0% |
| HXA | Mast HedgeIndex Corporate Arbitrage ETF | Mast Investments | Relative value | not read by ETFIQ | – | 0.99% | +1.7% | – | – | – | – | +1.3% since Aug 2026 | Aug 21, 2026 | +0.4% |
| HXE | Mast HedgeIndex Adaptive Equities ETF | Mast Investments | Long-short equity | not read by ETFIQ | – | 0.99% | −0.1% | – | – | – | – | +4.3% since Aug 2026 | Aug 21, 2026 | +0.4% |
| HXF | Mast HedgeIndex Managed Futures Strategy ETF | Mast Investments | Managed futures | not read by ETFIQ | – | 0.80% | −5.9% | – | – | – | – | −2.3% since Sep 2026 | Sep 1, 2026 | +0.9% |
| IALT | iShares Systematic Alternatives Active ETF | iShares | Multi-strategy | $7.9bn | Nov 3, 2026 | 0.99% | −2.0% | +2.3% | +16.6% | – | – | +17.4% since Dec 2025 | Dec 10, 2025 | +12.7% |
| JHDG | John Hancock Hedged Equity ETF | John Hancock | Hedged equity | $90m | Jun 30, 2026 | 0.49% | −1.6% | −2.0% | – | – | – | +9.3% since Apr 2026 | Apr 8, 2026 | +14.0% |
| JPFP | JPMorgan Managed Futures Plus ETF | JPMorgan | Managed futures | $149m | Nov 3, 2026 | 0.59% | −6.2% | −1.9% | – | – | – | −0.6% since May 2026 | May 28, 2026 | +2.1% |
| MATE | Man Active Trend Enhanced ETF | Man Group | Managed futures | $40m | Aug 31, 2026 | 0.97% | −7.2% | −0.3% | +19.2% | – | – | +24.3% since Dec 2025 | Dec 17, 2025 | +15.4% |
| MEMA | Man Active Emerging Markets Alternative ETF | Man Group | Long-short equity | $13m | Aug 31, 2026 | 0.85% | −12.4% | −7.0% | +9.4% | – | – | +12.6% since Dec 2025 | Dec 17, 2025 | +15.4% |
| NTRL | First Trust Equity Market Neutral ETF | First Trust | Market neutral | $16m | Nov 3, 2026 | 0.95% | +1.1% | −0.3% | – | – | – | – | not published | |
| ONEH | TrueShares Equity Hedge ETF | TrueShares | Hedged equity | $15m | Jul 31, 2026 | 0.79% | +0.7% | −0.6% | – | – | – | −1.5% since Jan 2026 | Jan 29, 2026 | +11.3% |
| RNMN | RiverNorth Market Neutral ETF | TrueShares | Market neutral | $7.1m | Jun 30, 2026 | 0.59% | +0.2% | −0.2% | – | – | – | – | not published | |
| RSIT | Return Stacked International Stocks & Managed | Return Stacked | Managed futures | $63m | Jul 31, 2026 | 0.98% | −5.6% | −0.2% | – | – | – | −0.7% since May 2026 | May 6, 2026 | +5.0% |
| SDMF | Simplify DBi CTA Managed Futures Index ETF | Simplify | Managed futures | $52m | Nov 3, 2026 | 0.21% | −4.8% | +3.1% | – | – | – | +4.6% since Feb 2026 | Feb 19, 2026 | +12.9% |
| WTLS | WisdomTree Efficient Long/Short U.S. Equity Fu | WisdomTree | Long-short equity | $12m | Jun 30, 2026 | 0.89% | −0.7% | −2.6% | – | – | – | +22.6% since Jan 2026 | Jan 22, 2026 | +12.2% |
19 funds, sorted by the order on the page. 19 funds younger than a year, as of Nov 4, 2026. – means no data for this window.CSV
More on alternatives ETFs
The 10 largest alternatives ETFs
- 1IALTiShares Systematic Alternatives Active ETF$7.9bn0.99%
- 2DBMFiMGP DBi Managed Futures Strategy ETF$5.2bn0.85%
- 3HELOJPMorgan Hedged Equity Laddered Overlay ETF$4.9bn0.50%
- 4FTLSFirst Trust Long/Short Equity$2.6bn1.38%
- 5ACIOAptus Collared Investment Opportunity ETF$2.4bn0.79%
- 6CTASimplify Managed Futures Strategy ETF$1.3bn0.86%
- 7FLSPFranklin Systematic Style Premia ETF$1.2bn0.65%
- 8QAINYLIM Hedge Multi-Strategy Tracker ETF$1.0bn0.81%
- 9FHEQFidelity Hedged Equity ETF$986m0.48%
- 10CLSEConvergence Long/Short Equity ETF$900m1.52%
Alternatives ETFs by strategy
largest fund per issuer, with its feeOpen ↓
Each row is a strategy. Each cell is that issuer’s largest fund using it.
| Strategy | ProShares | Simplify | Unlimited | First Trust |
|---|---|---|---|---|
| Hedged equity | HEQT 0.48% | |||
| Managed futures | CTA 0.86% | HFMF 0.97% | FMF 0.98% | |
| Long-short equity | CSM 0.45% | HFEQ 0.96% | FTLS 1.38% | |
| Multi-strategy | HDG 0.95% | QIS 1.13% | HFND 1.07% | LALT 1.18% |
| Volatility | SVXY 0.95% | SVOL 0.78% | ||
| Event driven | MRGR 0.75% | |||
| Global macro | HFGM 1.01% | |||
| Market neutral |
Net assets as of Nov 4, 2026. A blank cell: the issuer has no fund there.
Where to next
What is not in this category. A fund another category already measures stays there. Option income funds that hedge are in Income, funds with a buffer and a cap are in Buffer, and leveraged and inverse funds are in Leverage.
Explain this: 90 of the 90 alternatives ETFs ETFIQ covers, what each fund did in the weeks the S&P 500 fell over the last year, as of Nov 4, 2026.Which numbers on this page matter most?How does ETFIQ measure these numbers?
Method →Cite this pageCitation, APA and Markdown
ETFIQ, Alternatives ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/
ETFIQ. (Nov 4, 2026). Alternatives ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/
[Alternatives ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Every number dated. Not investment advice.