Rebuilt every trading night. Figures as of .
Hedged equity ETFs, against the S&P 500
25 hedged equity funds. Owns stocks and pays for protection against a fall, most often with put options. Each is measured by how closely it moved with the S&P 500 over the last year and what it did in the weeks the index fell.
| Ticker | Fund | Issuer | Strategy | Correlation | Beta | Down-week capture, % | Against T-bills, pts | Diversifier Score |
|---|---|---|---|---|---|---|---|---|
| TAIL | Cambria Tail Risk ETF | Cambria | Hedged equity | −0.75 | −0.44 | −32.1 | −16.8 | 95.3 |
| QBER | TrueShares Quarterly Bear Hedge ETF | TrueShares | Hedged equity | −0.69 | −0.14 | −15.4 | −4.0 | 89.3 |
| CAOS | Alpha Architect Tail Risk ETF | Alpha Architect | Hedged equity | −0.40 | −0.04 | −6.2 | −2.6 | 84.9 |
| CCOR | Core Alternative ETF | Core Alternative | Hedged equity | +0.06 | +0.04 | −4.8 | −4.6 | 76.2 |
| QBUL | TrueShares Quarterly Bull Hedge ETF | TrueShares | Hedged equity | +0.86 | +0.23 | 29.5 | −3.0 | 38.5 |
| HOLA | JPMorgan International Hedged Equity Laddered | JPMorgan | Hedged equity | +0.72 | +0.52 | 47.0 | +8.6 | 38.1 |
| PHEQ | Parametric Hedged Equity ETF | Parametric | Hedged equity | +0.91 | +0.42 | 31.7 | +7.8 | 33 |
| KSPY | KraneShares Hedgeye Hedged Equity Index ETF | KraneShares | Hedged equity | +0.87 | +0.43 | 39.8 | +9.5 | 32.1 |
| SHDG | Soundwatch Hedged Equity ETF | Soundwatch | Hedged equity | +0.86 | +0.51 | 60.2 | +2.6 | 27 |
| HEQT | Simplify Hedged Equity ETF | Simplify | Hedged equity | +0.94 | +0.50 | 45.1 | +7.8 | 25.8 |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | JPMorgan | Hedged equity | +0.95 | +0.53 | 56.2 | +3.3 | 21.4 |
| HEQQ | JPMorgan Nasdaq Hedged Equity Laddered Overlay | JPMorgan | Hedged equity | +0.90 | +0.65 | 71.5 | +4.7 | 20.2 |
| HEGD | Swan Hedged Equity US Large Cap ETF | Swan | Hedged equity | +0.97 | +0.57 | 60.2 | +4.7 | 17.4 |
| XCLR | Global X S&P 500 Collar 95-110 ETF | Global X | Hedged equity | +0.94 | +0.66 | 76.6 | +2.1 | 15.5 |
| QCLR | Global X NASDAQ 100 Collar 95-110 ETF | Global X | Hedged equity | +0.89 | +0.71 | 98.4 | −5.0 | 14.3 |
| THEQ | T. Rowe Price Hedged Equity ETF | T. Rowe Price | Hedged equity | +0.98 | +0.68 | 71.5 | +5.5 | 12.3 |
| ZHDG | ZEGA Buy and Hedge ETF | Zega | Hedged equity | +0.96 | +0.79 | 90.0 | +3.9 | 11.1 |
| QTR | Global X NASDAQ 100 Tail Risk ETF | Global X | Hedged equity | +0.91 | +1.18 | 134.8 | +10.5 | 9.9 |
| ACIO | Aptus Collared Investment Opportunity ETF | Aptus | Hedged equity | +0.98 | +0.75 | 80.3 | +4.4 | 9.6 |
| FHEQ | Fidelity Hedged Equity ETF | Fidelity | Hedged equity | +0.97 | +0.82 | 92.2 | +6.9 | 9.1 |
| XTR | Global X S&P 500 Tail Risk ETF | Global X | Hedged equity | +0.99 | +0.90 | 96.7 | +7.8 | 4.8 |
Diversifier Score is the last column: where each fund sits among the 63 it can honestly be compared with, on the one question this category exists to answer. Ranked by it · How it is computed
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 listed, against the S&P 500 over the same days.
| Ticker | Fund | Issuer | Strategy | Listed | Total return since | S&P 500 since | Difference |
|---|---|---|---|---|---|---|---|
| ATTR | Arin Tactical Tail Risk ETF | Arin | Hedged equity | Oct 28, 2025 | +6.4% | +12.1% | −5.7 pts |
| CHDG | Calamos Active Hedged Equity ETF | Calamos | Hedged equity | Aug 4, 2026 | −0.9% | −1.0% | +0.1 pts |
| HEDG | Equable Shares Hedged Equity ETF | Equable Shares | Hedged equity | Oct 13, 2025 | +9.7% | +16.1% | −6.4 pts |
| JHDG | John Hancock Hedged Equity ETF | John Hancock | Hedged equity | Apr 8, 2026 | +9.1% | +13.2% | −4.1 pts |
Where to next
Cite this page. ETFIQ, Hedged equity ETFs against the S&P 500, data as of Sep 18, 2026. https://etfiq.com/alternatives/hedged-equity/ Free to use with attribution; the underlying files are at Open data.