Rebuilt every trading night. Data as of Nov 4, 2026.
Alternatives ETFs · 26 funds
Hedged equity ETFs, against the S&P 500
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See how hedged equity funds move against the S&P 500. 26 funds. Updated Nov 4, 2026.
IQ · Nov 4, 2026More about this list
Owns stocks and pays for protection against a fall, most often with put options.
22 hedged equity funds with a full year of weekly prices to Nov 4, 2026, highest Stock Diversification Score first. Source: weekly closes from Tiingo, ETFIQ calculation.
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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
22 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| 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% |
| 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% |
| 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% |
4 funds, sorted by the order on the page. 4 hedged equity funds younger than a year, as of Nov 4, 2026. – means no data for this window.CSV
Where to next
Explain this: See how hedged equity funds move against the S&P 500.Which numbers on this page matter most?How does ETFIQ measure these numbers?
Method →Cite this pageCitation, APA and Markdown
ETFIQ, Hedged equity ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/hedged-equity/
ETFIQ. (Nov 4, 2026). Hedged equity ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/hedged-equity/
[Hedged equity ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/hedged-equity/)
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Every number dated. Not investment advice.