{"url":"https://etfiq.com/questions/do-hedged-equity-etfs-protect-against-a-fall","section":"questions","title":"Do hedged equity ETFs protect against a fall? | ETFIQ","description":"Partly, over the last year. In the weeks the S&P 500 fell, the median hedged equity ETF fell 48% as much as the index.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do hedged equity ETFs protect against a fall?","acceptedAnswer":{"@type":"Answer","text":"Partly, over the last year. In the weeks the S&P 500 fell, the median hedged equity ETF fell 48% as much as the index. Of the 22, 6 fell less than half as much and 5 rose."}}]},{"@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 hedged equity ETFs protect against a fall?","item":"https://etfiq.com/questions/do-hedged-equity-etfs-protect-against-a-fall"}]},{"@type":"WebPage","name":"Do hedged equity ETFs protect against a fall?","description":"Partly, over the last year. In the weeks the S&P 500 fell, the median hedged equity ETF fell 48% as much as the index.","url":"https://etfiq.com/questions/do-hedged-equity-etfs-protect-against-a-fall","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":2724,"truncated":false,"content":"ETFIQ / Questions / Do hedged equity ETFs protect against a fall? \n \n Answered from ETFIQ data as of Nov 4, 2026 .\n Do hedged equity ETFs protect against a fall?\n Partly, over the last year. In the weeks the S&P 500 fell, the median hedged equity ETF fell 48% as much as the index. Of the 22, 6 fell less than half as much and 5 rose.\n A hedged equity fund owns stocks and pays for protection against a fall, most often with put options.\n Most still move with stocks. The median correlation with the S&P 500 was +0.91, so the hedge changed how far these funds fell more than which way they went.\n What a fund earned is a separate question: 16 of the 22 finished ahead of T-bills over the same 52 weeks.\n On ETFIQ today\n Ticker Fund Correlation Down-week capture Against T-bills \n HELO JPMorgan Hedged Equity Laddered Overlay +0.95 60.7% +3.4 pts \n ACIO Aptus Collared Investment Opportunity ET +0.99 84.3% +3.3 pts \n FHEQ Fidelity Hedged Equity ETF +0.98 86.0% +4.7 pts \n HEGD Swan Hedged Equity US Large Cap ETF +0.98 71.4% +3.2 pts \n CAOS Alpha Architect Tail Risk ETF \u22120.15 \u22123.3% \u22122.3 pts \n HEDG Equable Shares Hedged Equity ETF +0.87 15.8% +5.9 pts \n HEQT Simplify Hedged Equity ETF +0.97 54.2% +6.5 pts \n HOLA JPMorgan International Hedged Equity Lad +0.69 36.9% +6.5 pts \n SHDG Soundwatch Hedged Equity ETF +0.90 70.4% +1.6 pts \n TAIL Cambria Tail Risk ETF \u22120.74 \u221215.9% \u221216.0 pts \n PHEQ Parametric Hedged Equity ETF +0.94 31.6% +7.2 pts \n KSPY KraneShares Hedgeye Hedged Equity Index +0.92 41.0% +7.9 pts \n \n Where to next\n Every hedged equity ETF Alternatives ETFs by lowest S&P 500 correlation 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 hedged equity ETFs protect against a fall?, data as of Nov 4, 2026. https://etfiq.com/questions/do-hedged-equity-etfs-protect-against-a-fall 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 hedged equity ETFs protect against a fall?, data as of Nov 4, 2026. https://etfiq.com/questions/do-hedged-equity-etfs-protect-against-a-fall APA ETFIQ. (Nov 4, 2026). Do hedged equity ETFs protect against a fall?. Retrieved from https://etfiq.com/questions/do-hedged-equity-etfs-protect-against-a-fall Markdown [Do hedged equity ETFs protect against a fall? (ETFIQ, Nov 4, 2026)](https://etfiq.com/questions/do-hedged-equity-etfs-protect-against-a-fall)","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 hedged equity ETFs protect against a fall?, data as of Nov 4, 2026. https://etfiq.com/questions/do-hedged-equity-etfs-protect-against-a-fall"}