{"url":"https://etfiq.com/alternatives/hedged-equity/","section":"alternatives","title":"Hedged equity ETFs against the S&P 500 | ETFIQ","description":"26 hedged equity ETFs measured by how closely each moved with the S&P 500 and what each did in the weeks it fell, over the year to Nov 4, 2026.","as_of":"Nov 4, 2026","structured_data":[{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"Hedged equity","item":"https://etfiq.com/alternatives/hedged-equity/"}]},{"@type":"WebPage","name":"Hedged equity ETFs against the S&P 500","description":"26 hedged equity ETFs measured by how closely each moved with the S&P 500 and what each did in the weeks it fell, over the year to Nov 4, 2026.","url":"https://etfiq.com/alternatives/hedged-equity/","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":6839,"truncated":false,"content":"ETFIQ / Alternatives / Hedged equity \n \n Rebuilt every trading night. Data as of Nov 4, 2026 .\n Hedged equity ETFs, against the S&P 500\n Every strategy Hedged equity 26 Managed futures 23 Long-short equity 12 Volatility 9 Multi-strategy 8 Event driven 5 Market neutral 4 See how hedged equity funds move against the S&P 500. Owns stocks and pays for protection against a fall, most often with put options. 26 funds. Updated Nov 4, 2026.\n Browse by strategy\n Hedged equity 26 Managed futures 23 Long-short equity 12 Volatility 9 Multi-strategy 8 Event driven 5 Market neutral 4 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. Ticker Fund 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 Stock Diversification Score \n TAIL Cambria Tail Risk ETF Cambria Hedged equity \u22120.74 $147m Jul 31, 2026 0.60% +3.1% \u22122.7% \u221211.1% \u221213.1% \u221214.2% \u221251.5% \u22120.36 \u221215.9 \u221216.0 95.5 \n CCOR Core Alternative ETF Core Alternative Hedged equity \u22120.14 $28m Jul 31, 2026 1.16% +8.7% +3.3% +4.5% +7.6% 0.0% +21.2% \u22120.10 \u221220.7 +3.9 90.9 \n QBER TrueShares Quarterly Bear Hedge ETF TrueShares Hedged equity \u22120.71 $73m Jul 31, 2026 0.79% +0.1% 0.0% \u22120.5% 0.0% not available \u22120.2% since Jul 2024 \u22120.12 \u221215.4 \u22123.8 90.9 \n CAOS Alpha Architect Tail Risk ETF Alpha Architect Hedged equity \u22120.15 $728m Nov 3, 2026 0.63% +0.5% +1.0% +1.6% +1.3% +10.5% +18.5% \u22120.01 \u22123.3 \u22122.3 84 \n TOAK Manager Directed Portfolios Twin Oak Short Hor Manager Directed Portfolios Hedged equity +0.12 $105m Aug 31, 2026 0.26% +0.3% +0.8% +2.9% +3.7% not available +8.9% since Aug 2024 0.00 \u22126.1 0.0 81.8 \n HEDG Equable Shares Hedged Equity ETF Equable Shares Hedged equity +0.87 $427m Jul 31, 2026 0.96% +0.2% +2.3% +7.4% +10.0% not available +10.8% since Oct 2025 +0.26 15.8 +5.9 68.2 \n QBUL TrueShares Quarterly Bull Hedge ETF TrueShares Hedged equity +0.85 $28m Jul 31, 2026 0.79% \u22120.3% \u22120.9% +1.0% +0.4% not available +6.5% since Jul 2024 +0.20 23.9 \u22123.3 68.2 \n HOLA JPMorgan International Hedged Equity Laddered JPMorgan Hedged equity +0.69 $282m Nov 3, 2026 0.50% +0.8% \u22121.3% +6.9% +10.7% not available +15.0% since Jul 2025 +0.46 36.9 +6.5 65.9 \n ATTR Arin Tactical Tail Risk ETF Arin Hedged equity +0.91 $96m Jun 30, 2026 0.63% +0.1% +1.4% +6.7% +7.2% not available +7.3% since Oct 2025 +0.22 15.6 +3.5 62.5 \n PHEQ Parametric Hedged Equity ETF Parametric Hedged equity +0.94 $140m Jun 30, 2026 0.29% \u22120.2% +2.2% +9.7% +11.2% +49.5% +51.1% +0.40 31.6 +7.2 50 \n KSPY KraneShares Hedgeye Hedged Equity Index ETF KraneShares Hedged equity +0.92 $135m Nov 4, 2026 0.88% +0.1% +1.4% +10.3% +11.8% not available +30.0% since Jul 2024 +0.46 41.0 +7.9 47.8 \n SHDG Soundwatch Hedged Equity ETF Soundwatch Hedged equity +0.90 $161m Jul 31, 2026 0.91% \u22120.4% +0.6% +4.0% +5.6% +46.8% +67.7% +0.60 70.4 +1.6 47.7 \n HELO JPMorgan Hedged Equity Laddered Overlay ETF 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 38.7 \n HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay JPMorgan Hedged equity +0.88 $30m Nov 3, 2026 0.50% \u22124.4% \u22121.5% +3.0% +3.9% not available +20.7% since Mar 2025 +0.81 96.6 \u22120.1 36.4 \n HEQT Simplify Hedged Equity ETF Simplify Hedged equity +0.97 $307m Nov 3, 2026 0.48% \u22120.4% +0.8% +8.7% +10.3% +50.4% +54.7% +0.56 54.2 +6.5 36.4 \n HEGD Swan Hedged Equity US Large Cap ETF Swan Hedged equity +0.98 $735m Aug 31, 2026 0.87% \u22120.9% \u22121.2% +6.7% +6.8% +49.5% +66.7% +0.66 71.4 +3.2 26.1 \n QTR Global X NASDAQ 100 Tail Risk ETF Global X Hedged equity +0.91 $10m Oct 12, 2026 0.25% \u22128.0% \u22124.6% +7.4% +6.0% +66.0% +58.6% +1.34 167.0 +1.7 26.1 \n ZHDG ZEGA Buy and Hedge ETF Zega Hedged equity +0.96 $35m Jul 31, 2026 0.95% \u22120.9% \u22121.4% +5.7% +6.6% +49.1% +33.8% +0.82 85.6 +2.6 25 \n THEQ T. Rowe Price Hedged Equity ETF T. Rowe Price Hedged equity +0.99 $38m Nov 3, 2026 0.46% \u22120.3% \u22120.3% +8.5% +9.1% not available +22.4% since Mar 2025 +0.69 72.3 +5.3 19.3 \n ACIO Aptus Collared Investment Opportunity ETF Aptus Hedged equity +0.99 $2.4bn Jul 31, 2026 0.79% \u22121.7% \u22121.2% +7.2% +7.1% +52.4% +98.5% +0.79 84.3 +3.3 17.1 \n FHEQ Fidelity Hedged Equity ETF Fidelity Hedged equity +0.98 $986m Sep 30, 2026 0.48% \u22122.0% \u22122.6% +8.3% +8.7% not available +35.8% since Apr 2024 +0.82 86.0 +4.7 17.1 \n XTR Global X S&P 500 Tail Risk ETF Global X Hedged equity +1.00 $5.0m Oct 12, 2026 0.25% \u22121.2% \u22121.0% +9.4% +10.2% +65.7% +58.1% +0.94 100.0 +6.3 4.5 \n\n Stock Diversification Score is the last column. 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). Ranked by it \u00b7 How it is computed \n Less than a year of prices\n 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.\n 4 hedged equity funds younger than a year, as of Nov 4, 2026. 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 \n CHDG Calamos Active Hedged Equity ETF Calamos Hedged equity not read by ETFIQ not available 0.66% \u22120.4% \u22120.3% not available not available not available \u22120.3% since Aug 2026 Aug 4, 2026 \u22120.3% \n HAWG HCM Hedged Equity ETF HCM Hedged equity not read by ETFIQ not available 1.35% \u22122.3% not available not available not available not available \u22120.9% since Aug 2026 Aug 14, 2026 \u22121.0% \n JHDG John Hancock Hedged Equity ETF John Hancock Hedged equity $90m Jun 30, 2026 0.49% \u22121.6% \u22122.0% not available not available not available +9.3% since Apr 2026 Apr 8, 2026 +14.0% \n ONEH TrueShares Equity Hedge ETF TrueShares Hedged equity $15m Jul 31, 2026 0.79% +0.7% \u22120.6% not available not available not available \u22121.5% since Jan 2026 Jan 29, 2026 +11.3% \n\n Where to next\n Rankings The vocabulary Method \n Cite this page. ETFIQ, Hedged equity ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/hedged-equity/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Hedged equity ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/hedged-equity/ APA ETFIQ. (Nov 4, 2026). Hedged equity ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/hedged-equity/ Markdown [Hedged equity ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/hedged-equity/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Hedged equity ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/hedged-equity/"}