{"url":"https://etfiq.com/alternatives/multi-strategy/","section":"alternatives","title":"Multi-strategy ETFs against the S&P 500 | ETFIQ","description":"8 multi-strategy 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":"Multi-strategy","item":"https://etfiq.com/alternatives/multi-strategy/"}]},{"@type":"WebPage","name":"Multi-strategy ETFs against the S&P 500","description":"8 multi-strategy 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/multi-strategy/","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":3810,"truncated":false,"content":"ETFIQ / Alternatives / Multi-strategy \n \n Rebuilt every trading night. Data as of Nov 4, 2026 .\n Multi-strategy 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 multi-strategy funds move against the S&P 500. Runs several alternative strategies at once, or aims to return what hedge funds as a group return. 8 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 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. 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 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 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 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 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\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 1 multi-strategy 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 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\n Where to next\n Rankings The vocabulary Method \n Cite this page. ETFIQ, Multi-strategy ETFs against the S&P 500, data as of 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 .\n Other forms Plain ETFIQ, Multi-strategy ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/multi-strategy/ APA ETFIQ. (Nov 4, 2026). Multi-strategy ETFs against the S&P 500. Retrieved from https://etfiq.com/alternatives/multi-strategy/ Markdown [Multi-strategy ETFs against the S&P 500 (ETFIQ, Nov 4, 2026)](https://etfiq.com/alternatives/multi-strategy/)","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, Multi-strategy ETFs against the S&P 500, data as of Nov 4, 2026. https://etfiq.com/alternatives/multi-strategy/"}