Rebuilt every trading night. Data as of Nov 4, 2026.
Multi-strategy ETFs, against the S&P 500
Share
See how multi-strategy funds move against the S&P 500. 8 funds. Updated Nov 4, 2026.
IQ · Nov 4, 2026More about this list
Runs several alternative strategies at once, or aims to return what hedge funds as a group return.
7 multi-strategy 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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 | |
| 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 | |
| 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% | – | +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 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IALT | iShares Systematic Alternatives Active ETF | iShares | Multi-strategy | $7.9bn | Nov 3, 2026 | 0.99% | −2.0% | +2.3% | +16.6% | – | – | +17.4% since Dec 2025 | Dec 10, 2025 | +12.7% |
Cite this pageCitation, APA and Markdown
ETFIQ, Multi-strategy ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/multi-strategy/
ETFIQ. (Nov 4, 2026). Multi-strategy ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/multi-strategy/
[Multi-strategy ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/multi-strategy/)
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.