Rebuilt every trading night. Data as of Nov 4, 2026.
Market neutral ETFs, against the S&P 500
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See how market neutral funds move against the S&P 500. 4 funds. Updated Nov 4, 2026.
IQ · Nov 4, 2026More about this list
Owns stocks it expects to do well and sells short about as much in stocks it expects to lag.
2 market neutral funds with a full year of weekly prices to Nov 4, 2026, highest Stock Diversification Score first. Source: weekly closes from Tiingo, ETFIQ calculation.
Points (pts) are percentage points.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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% | – | +16.6% since Sep 2025 | −0.03 | −43.2 | +12.6 |
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.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NTRL | First Trust Equity Market Neutral ETF | First Trust | Market neutral | $16m | Nov 3, 2026 | 0.95% | +1.1% | −0.3% | – | – | – | – | not published | |
| RNMN | RiverNorth Market Neutral ETF | TrueShares | Market neutral | $7.1m | Jun 30, 2026 | 0.59% | +0.2% | −0.2% | – | – | – | – | not published |
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ETFIQ, Market neutral ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/market-neutral/
ETFIQ. (Nov 4, 2026). Market neutral ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/market-neutral/
[Market neutral ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/market-neutral/)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Every number dated. Not investment advice.