The alternatives ETFs that lost the most
Over twelve months to May 2026, QBER lost the most of 55 alternatives ETFs with SEC filings for every month, $92.6m.
Coverage
Twelve-month list: 55 funds with SEC filings for every month to May 2026, 73.3% of the group’s net assets
Rank change
Against the last edition of this list: the previous trading day for 1W and 1M, the previous month for 12M. "new" means not in the top 25 last time
How these lists are built
Measure
Net flow: money in less money out, in dollars, over the window, leaving any round trip aside
12 months · Jun 2025 to May 2026
From SEC filings · 14 funds · the last month every filer has reportedFilings run about 60 days behind, so this list ends at the latest month every fund in the group has filed, printed in the heading and the title. Rank change is against last month’s edition.
| # | Fund | Name | Net flow | Share of assets | Rank change |
|---|---|---|---|---|---|
| 1 | QBER | TrueShares Quarterly Bear Hedge ETF | −$92.6m | · | ▲ 2 |
| 2 | HEQT | Simplify Hedged Equity ETF | −$62.4m | · | ▼ 1 |
| 3 | IMF | Invesco Managed Futures Strategy ETF | −$57.0m | · | ▼ 1 |
| 4 | QBUL | TrueShares Quarterly Bull Hedge ETF | −$35.5m | · | same |
| 5 | CCOR | Core Alternative ETF | −$30.2m | · | ▲ 1 |
| 6 | CSM | ProShares Large Cap Core Plus | −$25.6m | · | ▼ 1 |
| 7 | NTRL | First Trust Equity Market Neutral ETF | −$14.6m | · | ▲ 2 |
| 8 | QIS | Simplify Multi-QIS Alternative ETF | −$12.8m | · | ▼ 1 |
| 9 | LSEQ | Harbor Long-Short Equity ETF | −$7.4m | · | ▲ 1 |
| 10 | SHDG | Soundwatch Hedged Equity ETF | −$6.5m | · | ▲ 2 |
| 11 | HDG | ProShares Hedge Replication ETF | −$5.1m | · | same |
| 12 | BTRN | Global X Bitcoin Trend Strategy ETF | −$3.9m | · | ▲ 1 |
| 13 | EHLS | Even Herd Long Short ETF | −$3.0m | · | ▲ 2 |
| 14 | TFPN | Blueprint Chesapeake Multi-Asset Trend ETF | −$1.5m | · | ▲ 2 |
SEC Form N-PORT, item B.6, monthly, every fund with a filing for every month of the window.CSV
Other flow rankings
ETFIQ, The alternatives ETFs that lost the most, data as of Oct 8, 2026. https://etfiq.com/flows/rankings/desk/alternatives/outflows/
ETFIQ is an independent publisher and makes no recommendations; a rank is a sort of one published figure, not an opinion.