# Alternatives ETF Promise Index

> As of Oct 27, 2026, 81.0% of measured alternatives ETFs (17 of 21) delivered, covering 69.3% of their measured assets. No fund is recommended.

Data as of Oct 27, 2026. Rebuilt every trading night.

As of Oct 27, 2026 . Rebuilt every trading night.

## Alternatives ETF Promise Index

As of Oct 27, 2026, 81.0% of measured alternatives ETFs (17 of 21) delivered on their category's promise, covering 69.3% of measured assets. 69.6% of the category's net assets could not be measured. See 21 funds ranked by net assets, largest first. Updated Oct 27, 2026.

| # | Ticker | Fund | Net assets | Promise check | Measured | Window |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $4.9bn | Delivered | 55.6% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 2 | ACIO | Aptus Collared Investment Opportunity ETF | $2.4bn | Partly | 82.5% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 3 | FHEQ | Fidelity Hedged Equity ETF | $985.6m | Partly | 83.7% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 4 | CAOS | Alpha Architect Tail Risk ETF | $725.3m | Delivered | −4.3% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 5 | HEGD | Swan Hedged Equity US Large Cap ETF | $691.5m | Delivered | 73.2% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 6 | HEDG | Equable Shares Hedged Equity ETF | $427.2m | Delivered | 19.4% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 7 | HEQT | Simplify Hedged Equity ETF | $315.2m | Delivered | 47.4% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 8 | BTAL | AGF U.S. Market Neutral Anti-Beta Fund | $282.9m | Missed | −0.68 | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 9 | HOLA | JPMorgan International Hedged Equity Laddered Overlay ETF | $282.3m | Delivered | 39.0% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 10 | SHDG | Soundwatch Hedged Equity ETF | $161.3m | Delivered | 63.9% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 11 | TAIL | Cambria Tail Risk ETF | $146.9m | Delivered | −8.5% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 12 | PHEQ | Parametric Hedged Equity ETF | $140.0m | Delivered | 32.7% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 13 | MKTN | Federated Hermes MDT Market Neutral ETF | $106.8m | Delivered | −0.10 | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 14 | ATTR | Arin Tactical Tail Risk ETF | $95.8m | Delivered | 12.8% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 15 | TOAK | Manager Directed Portfolios Twin Oak Short Horizon Absolut | $90.4m | Delivered | 1.9% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 16 | QBER | TrueShares Quarterly Bear Hedge ETF | $72.7m | Delivered | −13.8% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 17 | THEQ | T. Rowe Price Hedged Equity ETF | $37.8m | Delivered | 75.9% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 18 | ZHDG | ZEGA Buy and Hedge ETF | $35.2m | Partly | 97.8% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 19 | HEQQ | JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF | $30.6m | Delivered | 77.8% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 20 | CCOR | Core Alternative ETF | $27.9m | Delivered | −0.7% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |
| 21 | QBUL | TrueShares Quarterly Bull Hedge ETF | $27.9m | Delivered | 31.2% | 52 weeks, Oct 28, 2025 to Oct 27, 2026 |

### Method

The promise: meet the objective its strategy states. The test: its stated objective. Hedged equity promises to fall less than stocks: at most 80% of the S&P 500's down weeks is delivered. Market neutral promises returns apart from stocks: a correlation within 0.3 of zero is delivered. Other strategies state no measurable objective and are not measured. 69 funds are not measured: its strategy, systematic trend, states no objective ETFIQ can measure (22); its strategy, long-short equity, states no objective ETFIQ can measure (11); no other ETF tracks the index it names, so its tracking cannot be measured (9). The category's Promise Index leads with the share of its measured funds that Delivered, with the share of its measured net assets they hold beside it. The order is net assets, largest first. The list sorts one published number, with no scoring or weighting. Every one of the 90 alternatives ETFs ETFIQ covers is eligible.

### Where to next

### Sources

Links are sources, not endorsements.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Alternatives ETF Promise Index, ranked by net assets, largest first, data as of Oct 27, 2026. https://etfiq.com/promise-index/alternatives/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/promise-index/alternatives/