{"url":"https://etfiq.com/questions/do-alternatives-etfs-diversify","section":"questions","title":"Do alternatives ETFs diversify a stock portfolio? | ETFIQ","description":"Some do, and most only partly. Diversifying means moving differently from what you already own, and ETFIQ measures it two ways from 52 weekly returns.","as_of":"Nov 5, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do alternatives ETFs diversify a stock portfolio?","acceptedAnswer":{"@type":"Answer","text":"Some do, and most only partly. Of the 71 alternatives ETFs ETFIQ measured over the year to Nov 5, 2026, 16 rose on average in the weeks the S&P 500 fell, 41 fell less than the index and 14 fell as much or more."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Questions","item":"https://etfiq.com/questions/"},{"@type":"ListItem","position":3,"name":"Do alternatives ETFs diversify a stock portfolio?","item":"https://etfiq.com/questions/do-alternatives-etfs-diversify"}]},{"@type":"WebPage","name":"Do alternatives ETFs diversify a stock portfolio?","description":"Some do, and most only partly. Diversifying means moving differently from what you already own, and ETFIQ measures it two ways from 52 weekly returns.","url":"https://etfiq.com/questions/do-alternatives-etfs-diversify","dateModified":"2026-11-05","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3252,"truncated":false,"content":"ETFIQ / Questions / Do alternatives ETFs diversify a stock portfolio? \n \n Answered from ETFIQ data as of Nov 5, 2026 .\n Do alternatives ETFs diversify a stock portfolio?\n Some do, and most only partly. Of the 71 alternatives ETFs ETFIQ measured over the year to Nov 5, 2026, 16 rose on average in the weeks the S&P 500 fell, 41 fell less than the index and 14 fell as much or more.\n Diversifying means moving differently from what you already own, and ETFIQ measures it two ways from 52 weekly returns. Correlation says how closely a fund\u2019s weeks moved with the S&P 500\u2019s. Down-week capture is its average return in the weeks the index fell, as a share of the index\u2019s own average.\n Neither says whether the fund made money. A fund can rise when stocks fall and still earn less than cash, so every page prints its return against T-bills beside them: 46 of the 71 finished ahead of T-bills over the same weeks.\n One year is one set of markets. The S&P 500 fell in 20 of those 52 weeks, and the next fall will not look like these.\n On ETFIQ today\n Ticker Fund Strategy Correlation Down-week capture Against T-bills \n DBMF iMGP DBi Managed Futures Strategy ETF Managed futures +0.47 38.7% +13.2 pts \n HELO JPMorgan Hedged Equity Laddered Overlay Hedged equity +0.95 60.0% +1.0 pts \n FTLS First Trust Long/Short Equity Long-short equity +0.83 53.4% +1.7 pts \n ACIO Aptus Collared Investment Opportunity ET Hedged equity +0.98 79.0% +1.6 pts \n FLSP Franklin Systematic Style Premia ETF Multi-strategy +0.09 \u22121.0% +9.0 pts \n CTA Simplify Managed Futures Strategy ETF Managed futures +0.05 \u22125.9% +1.3 pts \n QAI NYLIM Hedge Multi-Strategy Tracker ETF Multi-strategy +0.85 44.7% +2.5 pts \n FHEQ Fidelity Hedged Equity ETF Hedged equity +0.96 83.1% +3.4 pts \n CLSE Convergence Long/Short Equity ETF Long-short equity +0.70 61.6% +14.9 pts \n CAOS Alpha Architect Tail Risk ETF Hedged equity \u22120.53 \u22127.7% \u22121.6 pts \n HEGD Swan Hedged Equity US Large Cap ETF Hedged equity +0.98 65.7% +0.6 pts \n KMLM KraneShares Mount Lucas Managed Futures Managed futures +0.14 \u22123.2% +11.6 pts \n \n Where to next\n Every alternatives ETF Alternatives ETFs that rose when the S&P 500 fell The vocabulary Sources\n SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, Do alternatives ETFs diversify a stock portfolio?, data as of Nov 5, 2026. https://etfiq.com/questions/do-alternatives-etfs-diversify 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, Do alternatives ETFs diversify a stock portfolio?, data as of Nov 5, 2026. https://etfiq.com/questions/do-alternatives-etfs-diversify APA ETFIQ. (Nov 5, 2026). Do alternatives ETFs diversify a stock portfolio?. Retrieved from https://etfiq.com/questions/do-alternatives-etfs-diversify Markdown [Do alternatives ETFs diversify a stock portfolio? (ETFIQ, Nov 5, 2026)](https://etfiq.com/questions/do-alternatives-etfs-diversify)","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, Do alternatives ETFs diversify a stock portfolio?, data as of Nov 5, 2026. https://etfiq.com/questions/do-alternatives-etfs-diversify"}