{"url":"https://etfiq.com/alternatives/market-neutral/","section":"alternatives","title":"Market neutral ETFs against the S&P 500 | ETFIQ","description":"4 market neutral 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":"Market neutral","item":"https://etfiq.com/alternatives/market-neutral/"}]},{"@type":"WebPage","name":"Market neutral ETFs against the S&P 500","description":"4 market neutral 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/market-neutral/","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":3198,"truncated":false,"content":"ETFIQ / Alternatives / Market neutral \n \n Rebuilt every trading night. Data as of Nov 4, 2026 .\n Market neutral 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 market neutral funds move against the S&P 500. Owns stocks it expects to do well and sells short about as much in stocks it expects to lag. 4 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 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. 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 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 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\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 2 market neutral 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 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 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\n Where to next\n Rankings The vocabulary Method \n Cite this page. ETFIQ, Market neutral ETFs against the S&P 500, data as of 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 .\n Other forms Plain ETFIQ, Market neutral ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/market-neutral/ APA ETFIQ. (Nov 4, 2026). Market neutral ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/market-neutral/ Markdown [Market neutral ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/market-neutral/)","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, Market neutral ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/market-neutral/"}