As of . Rebuilt every trading night.
The largest alternatives ETFs
Size is not a measure of how much a fund diversifies. The correlation column is.
| # | Ticker | Fund | Strategy | Net assets | Correlation | Source |
|---|---|---|---|---|---|---|
| 1 | IALT | iShares Systematic Alternatives Active E | Multi-strategy | $6.0bn | under a year | Issuer daily, Sep 18, 2026 |
| 2 | HELO | JPMorgan Hedged Equity Laddered Overlay | Hedged equity | $4.8bn | +0.95 | Issuer page, Sep 18, 2026 |
| 3 | DBMF | iMGP DBi Managed Futures Strategy ETF | Managed futures | $3.9bn | +0.26 | SEC N-PORT, Jun 30, 2026 |
| 4 | FTLS | First Trust Long/Short Equity | Long-short equity | $2.6bn | +0.77 | Issuer page, Sep 18, 2026 |
| 5 | ACIO | Aptus Collared Investment Opportunity ET | Hedged equity | $2.3bn | +0.98 | SEC N-PORT, Apr 30, 2026 |
| 6 | CTA | Simplify Managed Futures Strategy ETF | Managed futures | $1.5bn | −0.26 | Issuer page, Sep 18, 2026 |
| 7 | FLSP | Franklin Systematic Style Premia ETF | Multi-strategy | $1.1bn | +0.01 | Issuer page, Sep 18, 2026 |
| 8 | FHEQ | Fidelity Hedged Equity ETF | Hedged equity | $970m | +0.97 | Issuer, month end, Aug 31, 2026 |
| 9 | QAI | NYLIM Hedge Multi-Strategy Tracker ETF | Multi-strategy | $968m | +0.85 | SEC N-PORT, Apr 30, 2026 |
| 10 | CAOS | Alpha Architect Tail Risk ETF | Hedged equity | $705m | −0.40 | SEC N-PORT, Jun 30, 2026 |
| 11 | HEGD | Swan Hedged Equity US Large Cap ETF | Hedged equity | $692m | +0.97 | SEC N-PORT, May 31, 2026 |
| 12 | CLSE | Convergence Long/Short Equity ETF | Long-short equity | $614m | +0.63 | SEC N-PORT, May 31, 2026 |
| 13 | KMLM | KraneShares Mount Lucas Managed Futures | Managed futures | $536m | −0.24 | Issuer page, Sep 18, 2026 |
| 14 | CSM | ProShares Large Cap Core Plus | Long-short equity | $520m | +0.98 | Issuer page, Sep 18, 2026 |
| 15 | HEDG | Equable Shares Hedged Equity ETF | Hedged equity | $427m | under a year | SEC N-PORT, Jul 31, 2026 |
Method
Ranked on the most recent net assets ETFIQ can source for each fund, with the kind of source named beside it. Size is not a measure of anything a fund did. It is where the money is. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
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Where these figures came from
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A ranking is not a recommendation and no order on this site is an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources
Cite this page. ETFIQ, The largest alternatives ETFs, ranked by net assets, data as of Sep 18, 2026. https://etfiq.com/rankings/alternatives-largest Free to use with attribution; the underlying files are at Open data.