{"url":"https://etfiq.com/alternatives/","section":"alternatives","title":"Alternatives ETFs: Correlation, Returns and Fees | ETFIQ","description":"ETFIQ covers 90 alternatives ETFs. The largest are IALT ($7.9bn), DBMF ($5.2bn) and HELO ($4.9bn); fees run 0.13% to 3.35%, as of Nov 3, 2026.","as_of":"Nov 4, 2026","structured_data":[{"@type":"Dataset","name":"ETFIQ alternatives ETFs","description":"ETFIQ covers 90 alternatives ETFs. The largest are IALT ($7.9bn), DBMF ($5.2bn) and HELO ($4.9bn); fees run 0.13% to 3.35%, as of Nov 3, 2026.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"url":"https://etfiq.com/alternatives/","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"inLanguage":"en","creativeWorkStatus":"Published","variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]},{"@type":"ItemList","name":"The 10 largest alternatives ETFs","itemListOrder":"https://schema.org/ItemListOrderDescending","numberOfItems":10,"itemListElement":[{"@type":"ListItem","position":1,"name":"IALT","url":"https://etfiq.com/funds/ialt"},{"@type":"ListItem","position":2,"name":"DBMF","url":"https://etfiq.com/funds/dbmf"},{"@type":"ListItem","position":3,"name":"HELO","url":"https://etfiq.com/funds/helo"},{"@type":"ListItem","position":4,"name":"FTLS","url":"https://etfiq.com/funds/ftls"},{"@type":"ListItem","position":5,"name":"ACIO","url":"https://etfiq.com/funds/acio"},{"@type":"ListItem","position":6,"name":"CTA","url":"https://etfiq.com/funds/cta"},{"@type":"ListItem","position":7,"name":"FLSP","url":"https://etfiq.com/funds/flsp"},{"@type":"ListItem","position":8,"name":"QAI","url":"https://etfiq.com/funds/qai"},{"@type":"ListItem","position":9,"name":"FHEQ","url":"https://etfiq.com/funds/fheq"},{"@type":"ListItem","position":10,"name":"CLSE","url":"https://etfiq.com/funds/clse"}]},{"@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":"WebPage","name":"Alternatives ETFs: Correlation, Returns and Fees","description":"ETFIQ covers 90 alternatives ETFs. The largest are IALT ($7.9bn), DBMF ($5.2bn) and HELO ($4.9bn); fees run 0.13% to 3.35%, as of Nov 3, 2026.","url":"https://etfiq.com/alternatives/","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":19636,"truncated":false,"content":"ETFIQ / Alternatives \n \n Rebuilt every trading night. Data as of Nov 4, 2026 .\n Every alternatives ETF, 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 whether each alternatives ETF behaves differently from stocks. 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. 90 funds in 9 strategies. Updated Nov 4, 2026.\n Check an alternatives ETF Does it move with the S&P 500? Check \n \n [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. 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.] [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. 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.] \n 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.\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 The 10 largest alternatives ETFs\n ETFIQ covers 90 alternatives ETFs. The largest are IALT ( $7.9bn ), DBMF ( $5.2bn ) and HELO ( $4.9bn ); fees run 0.13% to 3.35% , as of Nov 3, 2026 .\n IALT iShares Systematic Alternatives Active ETF $7.9bn 0.99% \n DBMF iMGP DBi Managed Futures Strategy ETF $5.2bn 0.85% \n HELO JPMorgan Hedged Equity Laddered Overlay ETF $4.9bn 0.50% \n FTLS First Trust Long/Short Equity $2.6bn 1.38% \n ACIO Aptus Collared Investment Opportunity ETF $2.4bn 0.79% \n CTA Simplify Managed Futures Strategy ETF $1.3bn 0.86% \n FLSP Franklin Systematic Style Premia ETF $1.2bn 0.65% \n QAI NYLIM Hedge Multi-Strategy Tracker ETF $1.0bn 0.81% \n FHEQ Fidelity Hedged Equity ETF $986m 0.48% \n CLSE Convergence Long/Short Equity ETF $900m 1.52% \n \n 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. 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 CTA Simplify Managed Futures Strategy ETF Simplify Managed futures \u22120.14 $1.3bn Nov 3, 2026 0.86% \u22126.9% +6.2% +2.8% +4.6% +22.3% +37.8% \u22120.30 5.3 0.0 94.2 \n KMLM KraneShares Mount Lucas Managed Futures Index KraneShares Managed futures \u22120.12 $586m Nov 4, 2026 0.90% \u22126.6% +3.0% +12.6% +16.5% \u22120.7% +49.0% \u22120.12 \u221216.3 +12.9 94.2 \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 FMF First Trust Managed Futures Strategy Fund First Trust Managed futures +0.16 $298m Nov 3, 2026 0.98% \u22122.8% +1.8% +9.2% +11.1% +20.3% +28.7% +0.11 9.9 +6.9 82.3 \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 FFUT Fidelity Managed Futures ETF Fidelity Managed futures +0.09 $394m Sep 30, 2026 0.80% \u22125.7% +0.9% +13.1% +17.2% not available +22.4% since Jun 2025 +0.08 13.6 +13.4 79.4 \n IMF Invesco Managed Futures Strategy ETF Invesco Managed futures +0.38 $304m Nov 3, 2026 0.65% \u22123.1% +0.4% +13.3% +20.1% not available +4.3% since Mar 2025 +0.24 13.0 +15.6 70.6 \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 DBMF iMGP DBi Managed Futures Strategy ETF iMGP Managed futures +0.26 $5.2bn Nov 3, 2026 0.85% \u22125.0% +3.0% +13.7% +18.5% +31.9% +92.9% +0.23 32.9 +14.3 67.6 \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 HFMF Unlimited HFMF Managed Futures ETF Unlimited Managed futures +0.18 $25m Aug 31, 2026 0.97% \u22122.8% +2.6% +5.1% +8.0% not available +11.8% since Jul 2025 +0.24 56.2 +4.6 58.8 \n ASMF Virtus AlphaSimplex Managed Futures ETF Virtus Managed futures +0.40 $30m Jul 31, 2026 0.80% \u22125.2% +2.5% +9.3% +13.2% not available +6.6% since May 2024 +0.32 45.9 +9.2 53 \n ISMF iShares Managed Futures Active ETF iShares Managed futures +0.48 $37m Nov 3, 2026 0.80% \u22124.4% \u22120.7% +5.7% +10.9% not available +17.9% since Mar 2025 +0.31 35.9 +6.8 50 \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 WTMF WisdomTree Managed Futures Strategy Fund WisdomTree Managed futures +0.62 $261m Aug 31, 2026 0.66% \u22121.6% +1.6% +10.4% +12.7% +33.3% +21.0% +0.38 34.4 +8.1 44.1 \n AHLT AHL Trend ETF American Beacon Managed futures +0.47 $131m Jul 31, 2026 0.96% \u22128.2% +2.3% +10.3% +19.3% +22.1% +22.2% +0.58 81.7 +14.7 41.2 \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 RSBT Return Stacked Bonds & Managed Futures ETF Return Stacked Managed futures +0.52 $135m Jul 31, 2026 1.01% \u22123.3% +1.0% +5.1% +7.9% +15.2% \u22120.8% +0.52 74.4 +4.4 38.2 \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 MFUT Cambria Chesapeake Pure Trend ETF Cambria Managed futures +0.54 $39m Jun 30, 2026 0.89% \u22125.1% \u22122.0% +15.6% +22.8% not available \u22125.4% since May 2024 +0.74 89.9 +19.1 29.4 \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 HOLD Harbor Alpha Layering ETF Harbor Managed futures +0.66 $3.9m Nov 4, 2026 0.70% \u22126.9% \u22123.1% +1.6% +0.8% not available +10.3% since Aug 2025 +0.81 120.5 \u22123.3 17.6 \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 PRAE PlanRock Equity Plus Alternatives ETF PlanRock Managed futures +0.79 $12m Jun 30, 2026 1.49% \u22124.3% +0.2% +10.8% +13.3% not available +37.5% since Dec 2023 +0.95 120.0 +9.5 14.7 \n TFPN Blueprint Chesapeake Multi-Asset Trend ETF Blueprint Managed futures +0.75 $170m Jun 30, 2026 1.13% \u22124.3% \u22123.4% +12.5% +14.2% +18.6% +17.8% +1.00 123.6 +10.8 11.8 \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 RSST Return Stacked U.S. Stocks & Managed Futures E Return Stacked Managed futures +0.85 $480m Jul 31, 2026 0.99% \u22126.9% +0.9% +18.6% +23.3% +80.1% +71.0% +1.45 164.8 +18.9 2.9 \n ASGM Virtus AlphaSimplex Global Macro ETF Virtus Global macro +0.85 $8.5m Jul 31, 2026 0.86% \u22124.6% +0.9% +19.8% +22.8% not available +33.6% since Aug 2025 +1.08 116.3 +18.2 \n BTAL AGF U.S. Market Neutral Anti-Beta Fund AGF Investments Market neutral \u22120.74 $283m Jun 30, 2026 1.25% +9.8% +10.1% \u22129.1% \u221211.5% \u221228.9% \u221238.0% \u22121.37 \u2212168.4 \u221213.7 \n CBLS Clough Hedged Equity ETF Clough Long-short equity +0.59 $56m Jul 31, 2026 1.89% \u221212.7% \u22127.3% +2.3% +1.2% +50.4% +40.8% +0.97 150.0 \u22122.5 \n CLSE Convergence Long/Short Equity ETF Convergence Long-short equity +0.73 $900m Aug 31, 2026 1.52% \u22125.5% \u22124.7% +19.0% +23.3% +102.2% +121.4% +0.75 59.1 +18.4 \n CSM ProShares Large Cap Core Plus ProShares Long-short equity +0.98 $521m Nov 4, 2026 0.45% \u22120.1% \u22121.1% +11.2% +14.4% +83.6% +977.7% +0.94 90.7 +10.1 \n EHLS Even Herd Long Short ETF Even Herd Long-short equity +0.69 $61m Jun 30, 2026 3.35% \u22129.4% \u221210.0% +0.1% +1.3% not available +19.2% since Apr 2024 +0.91 123.5 \u22123.2 \n FFLS The Future Fund Long/Short ETF The Future Fund Long-short equity +0.65 $43m Aug 31, 2026 1.24% \u22120.4% \u22120.3% +1.1% \u22120.1% +36.0% +30.5% +0.61 65.7 \u22122.4 \n FLSP Franklin Systematic Style Premia ETF Franklin Multi-strategy \u22120.13 $1.2bn Nov 3, 2026 0.65% +1.7% +3.1% +8.2% +12.2% +36.4% +37.8% \u22120.06 \u221221.2 +7.9 \n FTLS First Trust Long/Short Equity First Trust Long-short equity +0.83 $2.6bn Nov 3, 2026 1.38% \u22122.0% +1.0% +8.1% +8.5% +46.9% +183.1% +0.48 44.7 +4.1 \n HDG ProShares Hedge Replication ETF ProShares Multi-strategy +0.85 $22m Nov 4, 2026 0.95% \u22121.0% \u22121.3% +6.0% +7.3% +23.6% +53.6% +0.37 38.0 +3.0 \n HFEQ Unlimited HFEQ Equity Long/Short ETF Unlimited Long-short equity +0.86 $19m Aug 31, 2026 0.96% \u22122.2% \u22127.1% +10.1% +11.4% not available +26.4% since Jul 2025 +1.31 158.3 +5.8 \n HFGM Unlimited HFGM Global Macro ETF Unlimited Global macro +0.61 $151m Aug 31, 2026 1.01% \u22128.1% \u22125.4% +1.6% +2.4% not available +28.9% since Apr 2025 +1.11 174.2 \u22121.4 \n HFND Unlimited HFND Multi-Strategy Return Tracker E Unlimited Multi-strategy +0.82 $39m Aug 31, 2026 1.07% \u22122.4% \u22124.2% +4.5% +3.2% +27.8% +30.8% +0.58 76.4 \u22120.1 \n LALT First Trust Multi-Strategy Alternative ETF First Trust Multi-strategy +0.34 $442m Nov 3, 2026 1.18% \u22120.9% +1.9% +10.4% +12.0% +33.7% +34.3% +0.17 8.9 +8.0 \n 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% not available +47.4% since Dec 2023 +0.24 24.8 +20.8 \n MKTN Federated Hermes MDT Market Neutral ETF Federated Hermes Market neutral \u22120.06 $107m Jun 30, 2026 1.94% +3.1% +5.3% +12.6% +16.4% not available +16.6% since Sep 2025 \u22120.03 \u221243.2 +12.6 \n 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 \u22120.7 \n 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 \n ORR Militia Long/Short Equity ETF Militia Long-short equity +0.41 $355m Aug 31, 2026 not read by ETFIQ +1.2% \u22121.6% +13.2% +21.6% not available +49.6% since Jan 2025 +0.47 25.0 +16.7 \n QAI NYLIM Hedge Multi-Strategy Tracker ETF New York Life Investments Multi-strategy +0.89 $1.0bn Jul 31, 2026 0.81% \u22121.6% \u22122.0% +6.6% +7.7% +28.1% +79.4% +0.45 50.9 +3.5 \n QALT SEI DBi Multi-Strategy Alternative ETF SEI Multi-strategy +0.60 $194m Jun 30, 2026 0.80% \u22123.1% \u22122.2% +4.8% +6.5% not available +10.0% since Aug 2025 +0.31 45.7 +2.5 \n QIS Simplify Multi-QIS Alternative ETF Simplify Multi-strategy +0.03 $47m Nov 3, 2026 1.13% \u221213.6% +8.2% \u221232.7% \u221245.8% \u221258.5% \u221257.4% +0.10 191.0 \u221250.7 \n RSBA Return Stacked Bonds & Merger Arbitrage ETF Return Stacked Event driven +0.31 $53m Jul 31, 2026 1.01% +4.1% \u22121.1% \u22120.9% \u22120.7% not available +6.7% since Dec 2024 +0.11 13.5 \u22123.9 \n SVOL Simplify Volatility Premium ETF Simplify Volatility +0.75 $491m Nov 3, 2026 0.78% \u22121.7% +5.4% +7.8% +12.1% +22.4% +57.1% +0.72 79.2 +7.5 \n SVXY ProShares Short VIX Short-Term Futures ETF ProShares Volatility +0.81 $206m Nov 4, 2026 0.95% \u22120.7% +8.4% +15.6% +31.1% +44.6% +508.5% +1.27 104.6 +25.0 \n UVXY ProShares Ultra VIX Short-Term Futures ETF ProShares Volatility \u22120.81 $164m Nov 4, 2026 0.95% \u22122.7% \u221226.4% \u221254.8% \u221270.5% \u221295.2% \u2212100.0% \u22123.66 \u2212255.2 \u221272.5 \n VIXM ProShares VIX Mid-Term Futures ETF ProShares Volatility \u22120.64 $43m Nov 4, 2026 0.85% \u22120.2% \u22129.7% \u221216.0% \u221222.9% \u221232.7% \u221296.0% \u22120.73 \u221234.0 \u221225.1 \n VIXY ProShares VIX Short-Term Futures ETF ProShares Volatility \u22120.81 $187m Nov 4, 2026 0.85% \u22121.1% \u221217.2% \u221236.2% \u221251.7% \u221280.7% \u2212100.0% \u22122.47 \u2212182.7 \u221253.5 \n VXX iPath Series B S&P 500 VIX Short-Term Futures iPath Volatility \u22120.81 not read by ETFIQ not available not read by ETFIQ \u22120.8% \u221216.8% \u221235.5% \u221251.1% \u221279.9% \u2212100.0% \u22122.47 \u2212184.6 \u221253.0 \n VXZ iPath Series B S&P 500 VIX Mid-Term Futures ET iPath Volatility \u22120.65 not read by ETFIQ not available not read by ETFIQ \u22120.2% \u22129.4% \u221215.5% \u221222.3% \u221231.1% \u221233.1% \u22120.73 \u221234.3 \u221224.3 \n VYLD Inverse VIX Short-Term Futures ETNs due March JPMorgan Volatility +0.80 not read by ETFIQ not available not read by ETFIQ +0.4% +4.1% +10.9% +16.9% not available +24.9% since Mar 2025 +0.51 36.5 +12.4 \n 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 \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 19 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 ARB AltShares Merger Arbitrage ETF AltShares Event driven $103m May 31, 2026 0.82% +0.6% not available not available not available not available not available not published \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 CTAP Simplify US Equity PLUS Managed Futures Strate Simplify Managed futures $158m Nov 3, 2026 0.13% \u22128.5% +3.3% +9.7% not available not available +12.4% since Dec 2025 Dec 9, 2025 +13.5% \n EVNT AltShares Event-Driven ETF AltShares Event driven $12m May 31, 2026 1.27% +0.7% not available not available not available not available not available not published \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 HXA Mast HedgeIndex Corporate Arbitrage ETF Mast Investments Relative value not read by ETFIQ not available 0.99% +1.7% not available not available not available not available +1.3% since Aug 2026 Aug 21, 2026 +0.4% \n HXE Mast HedgeIndex Adaptive Equities ETF Mast Investments Long-short equity not read by ETFIQ not available 0.99% \u22120.1% not available not available not available not available +4.3% since Aug 2026 Aug 21, 2026 +0.4% \n HXF Mast HedgeIndex Managed Futures Strategy ETF Mast Investments Managed futures not read by ETFIQ not available 0.80% \u22125.9% not available not available not available not available \u22122.3% since Sep 2026 Sep 1, 2026 +0.9% \n IALT iShares Systematic Alternatives Active ETF iShares Multi-strategy $7.9bn Nov 3, 2026 0.99% \u22122.0% +2.3% +16.6% not available not available +17.4% since Dec 2025 Dec 10, 2025 +12.7% \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 JPFP JPMorgan Managed Futures Plus ETF JPMorgan Managed futures $149m Nov 3, 2026 0.59% \u22126.2% \u22121.9% not available not available not available \u22120.6% since May 2026 May 28, 2026 +2.1% \n MATE Man Active Trend Enhanced ETF Man Group Managed futures $40m Aug 31, 2026 0.97% \u22127.2% \u22120.3% +19.2% not available not available +24.3% since Dec 2025 Dec 17, 2025 +15.4% \n MEMA Man Active Emerging Markets Alternative ETF Man Group Long-short equity $13m Aug 31, 2026 0.85% \u221212.4% \u22127.0% +9.4% not available not available +12.6% since Dec 2025 Dec 17, 2025 +15.4% \n NTRL First Trust Equity Market Neutral ETF First Trust Market neutral $16m Nov 3, 2026 0.95% +1.1% \u22120.3% not available not available not available not available not published \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 RNMN RiverNorth Market Neutral ETF TrueShares Market neutral $7.1m Jun 30, 2026 0.59% +0.2% \u22120.2% not available not available not available not available not published \n RSIT Return Stacked International Stocks & Managed Return Stacked Managed futures $63m Jul 31, 2026 0.98% \u22125.6% \u22120.2% not available not available not available \u22120.7% since May 2026 May 6, 2026 +5.0% \n SDMF Simplify DBi CTA Managed Futures Index ETF Simplify Managed futures $52m Nov 3, 2026 0.21% \u22124.8% +3.1% not available not available not available +4.6% since Feb 2026 Feb 19, 2026 +12.9% \n WTLS WisdomTree Efficient Long/Short U.S. Equity Fu WisdomTree Long-short equity $12m Jun 30, 2026 0.89% \u22120.7% \u22122.6% not available not available not available +22.6% since Jan 2026 Jan 22, 2026 +12.2% \n\n What is not in this category\n 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 .\n Where to next\n Strategies Rankings The vocabulary Method \n Cite this page. ETFIQ, Alternatives ETFs against the S&P 500, data as of 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 .\n Other forms Plain ETFIQ, Alternatives ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/ APA ETFIQ. (Nov 4, 2026). Alternatives ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/ Markdown [Alternatives ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/)","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, Alternatives ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/"}