# Alternatives ETFs: Correlation, Returns and Fees

> 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.

Data as of Nov 4, 2026. Rebuilt every trading night.

Rebuilt every trading night. Data as of Nov 4, 2026 .

## Every alternatives ETF, against the S&P 500

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.

Check an alternatives ETF Does it move with the S&P 500? Check

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.

### Browse by strategy

### The 10 largest alternatives ETFs

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 .

- IALT iShares Systematic Alternatives Active ETF $7.9bn 0.99%

- DBMF iMGP DBi Managed Futures Strategy ETF $5.2bn 0.85%

- HELO JPMorgan Hedged Equity Laddered Overlay ETF $4.9bn 0.50%

- FTLS First Trust Long/Short Equity $2.6bn 1.38%

- ACIO Aptus Collared Investment Opportunity ETF $2.4bn 0.79%

- CTA Simplify Managed Futures Strategy ETF $1.3bn 0.86%

- FLSP Franklin Systematic Style Premia ETF $1.2bn 0.65%

- QAI NYLIM Hedge Multi-Strategy Tracker ETF $1.0bn 0.81%

- FHEQ Fidelity Hedged Equity ETF $986m 0.48%

- CLSE Convergence Long/Short Equity ETF $900m 1.52%

| 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| TAIL | Cambria Tail Risk ETF | 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 | 95.5 |
| CTA | Simplify Managed Futures Strategy ETF | 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 | 94.2 |
| KMLM | KraneShares Mount Lucas Managed Futures Index | 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 | 94.2 |
| CCOR | Core Alternative ETF | 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 | 90.9 |
| QBER | TrueShares Quarterly Bear Hedge ETF | TrueShares | Hedged equity | −0.71 | $73m | Jul 31, 2026 | 0.79% | +0.1% | 0.0% | −0.5% | 0.0% | not available | −0.2% since Jul 2024 | −0.12 | −15.4 | −3.8 | 90.9 |
| CAOS | Alpha Architect Tail Risk ETF | 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 | 84 |
| FMF | First Trust Managed Futures Strategy Fund | 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 | 82.3 |
| 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 | −6.1 | 0.0 | 81.8 |
| FFUT | Fidelity Managed Futures ETF | Fidelity | Managed futures | +0.09 | $394m | Sep 30, 2026 | 0.80% | −5.7% | +0.9% | +13.1% | +17.2% | not available | +22.4% since Jun 2025 | +0.08 | 13.6 | +13.4 | 79.4 |
| IMF | Invesco Managed Futures Strategy ETF | Invesco | Managed futures | +0.38 | $304m | Nov 3, 2026 | 0.65% | −3.1% | +0.4% | +13.3% | +20.1% | not available | +4.3% since Mar 2025 | +0.24 | 13.0 | +15.6 | 70.6 |
| 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 |
| QBUL | TrueShares Quarterly Bull Hedge ETF | TrueShares | Hedged equity | +0.85 | $28m | Jul 31, 2026 | 0.79% | −0.3% | −0.9% | +1.0% | +0.4% | not available | +6.5% since Jul 2024 | +0.20 | 23.9 | −3.3 | 68.2 |
| DBMF | iMGP DBi Managed Futures Strategy ETF | 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 | 67.6 |
| HOLA | JPMorgan International Hedged Equity Laddered | JPMorgan | Hedged equity | +0.69 | $282m | Nov 3, 2026 | 0.50% | +0.8% | −1.3% | +6.9% | +10.7% | not available | +15.0% since Jul 2025 | +0.46 | 36.9 | +6.5 | 65.9 |
| 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 |
| HFMF | Unlimited HFMF Managed Futures ETF | Unlimited | Managed futures | +0.18 | $25m | Aug 31, 2026 | 0.97% | −2.8% | +2.6% | +5.1% | +8.0% | not available | +11.8% since Jul 2025 | +0.24 | 56.2 | +4.6 | 58.8 |
| ASMF | Virtus AlphaSimplex Managed Futures ETF | Virtus | Managed futures | +0.40 | $30m | Jul 31, 2026 | 0.80% | −5.2% | +2.5% | +9.3% | +13.2% | not available | +6.6% since May 2024 | +0.32 | 45.9 | +9.2 | 53 |
| ISMF | iShares Managed Futures Active ETF | iShares | Managed futures | +0.48 | $37m | Nov 3, 2026 | 0.80% | −4.4% | −0.7% | +5.7% | +10.9% | not available | +17.9% since Mar 2025 | +0.31 | 35.9 | +6.8 | 50 |
| PHEQ | Parametric Hedged Equity ETF | 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 | 50 |
| 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 |
| SHDG | Soundwatch Hedged Equity ETF | 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 | 47.7 |
| WTMF | WisdomTree Managed Futures Strategy Fund | 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 | 44.1 |
| AHLT | AHL Trend ETF | 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 | 41.2 |
| 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 |
| RSBT | Return Stacked Bonds & Managed Futures ETF | 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 | 38.2 |
| HEQQ | JPMorgan Nasdaq Hedged Equity Laddered Overlay | JPMorgan | Hedged equity | +0.88 | $30m | Nov 3, 2026 | 0.50% | −4.4% | −1.5% | +3.0% | +3.9% | not available | +20.7% since Mar 2025 | +0.81 | 96.6 | −0.1 | 36.4 |
| HEQT | Simplify Hedged Equity ETF | 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 | 36.4 |
| MFUT | Cambria Chesapeake Pure Trend ETF | Cambria | Managed futures | +0.54 | $39m | Jun 30, 2026 | 0.89% | −5.1% | −2.0% | +15.6% | +22.8% | not available | −5.4% since May 2024 | +0.74 | 89.9 | +19.1 | 29.4 |
| HEGD | Swan Hedged Equity US Large Cap ETF | 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 | 26.1 |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 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 | 26.1 |
| ZHDG | ZEGA Buy and Hedge ETF | 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 | 25 |
| THEQ | T. Rowe Price Hedged Equity ETF | T. Rowe Price | Hedged equity | +0.99 | $38m | Nov 3, 2026 | 0.46% | −0.3% | −0.3% | +8.5% | +9.1% | not available | +22.4% since Mar 2025 | +0.69 | 72.3 | +5.3 | 19.3 |
| HOLD | Harbor Alpha Layering ETF | Harbor | Managed futures | +0.66 | $3.9m | Nov 4, 2026 | 0.70% | −6.9% | −3.1% | +1.6% | +0.8% | not available | +10.3% since Aug 2025 | +0.81 | 120.5 | −3.3 | 17.6 |
| ACIO | Aptus Collared Investment Opportunity ETF | 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 | 17.1 |
| FHEQ | Fidelity Hedged Equity ETF | Fidelity | Hedged equity | +0.98 | $986m | Sep 30, 2026 | 0.48% | −2.0% | −2.6% | +8.3% | +8.7% | not available | +35.8% since Apr 2024 | +0.82 | 86.0 | +4.7 | 17.1 |
| PRAE | PlanRock Equity Plus Alternatives ETF | PlanRock | Managed futures | +0.79 | $12m | Jun 30, 2026 | 1.49% | −4.3% | +0.2% | +10.8% | +13.3% | not available | +37.5% since Dec 2023 | +0.95 | 120.0 | +9.5 | 14.7 |
| TFPN | Blueprint Chesapeake Multi-Asset Trend ETF | 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 | 11.8 |
| XTR | Global X S&P 500 Tail Risk ETF | 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 | 4.5 |
| RSST | Return Stacked U.S. Stocks & Managed Futures E | 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 | 2.9 |
| 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% | not available | +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% | not available | +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% | not available | +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% | not available | +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% | not available | +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% | not available | +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% | not available | +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% | not available | +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% | not available | +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 available | 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 available | 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 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 | |
| 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 | |

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 · 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 first traded, against the S&P 500 over the same days.

| 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 available | not available | not available | not available | not available | | not published |
| CHDG | Calamos Active Hedged Equity ETF | Calamos | Hedged equity | not read by ETFIQ | not available | 0.66% | −0.4% | −0.3% | not available | not available | not available | −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% | not available | not available | +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 available | not available | not available | not available | not available | | not published |
| HAWG | HCM Hedged Equity ETF | HCM | Hedged equity | not read by ETFIQ | not available | 1.35% | −2.3% | not available | not available | not available | not available | −0.9% since Aug 2026 | Aug 14, 2026 | −1.0% |
| 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% |
| HXE | Mast HedgeIndex Adaptive Equities ETF | Mast Investments | Long-short equity | not read by ETFIQ | not available | 0.99% | −0.1% | not available | not available | not available | not available | +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 | not available | 0.80% | −5.9% | not available | not available | not available | not available | −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% | not available | not available | +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% | not available | not available | not available | +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% | not available | not available | not available | −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% | not available | not available | +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% | not available | not available | +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 available | not available | not available | not available | | not published |
| ONEH | TrueShares Equity Hedge ETF | TrueShares | Hedged equity | $15m | Jul 31, 2026 | 0.79% | +0.7% | −0.6% | not available | not available | not available | −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 available | not available | not available | not available | | not published |
| RSIT | Return Stacked International Stocks & Managed | Return Stacked | Managed futures | $63m | Jul 31, 2026 | 0.98% | −5.6% | −0.2% | not available | not available | not available | −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% | not available | not available | not available | +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% | not available | not available | not available | +22.6% since Jan 2026 | Jan 22, 2026 | +12.2% |

### 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 .

### Where to next

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Alternatives ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/alternatives/