As of . Rebuilt every trading night.
The largest hedged equity ETFs
Every fund here runs a hedged equity strategy, so what separates them is how well each does that job.
| # | Ticker | Fund | Net assets | Correlation | Down-week capture | Against T-bills | Source |
|---|---|---|---|---|---|---|---|
| 1 | HELO | JPMorgan Hedged Equity Laddered Overlay | $4.8bn | +0.95 | 56.2% | +3.3 pts | Issuer page, Sep 18, 2026 |
| 2 | ACIO | Aptus Collared Investment Opportunity ET | $2.3bn | +0.98 | 80.3% | +4.4 pts | SEC N-PORT, Apr 30, 2026 |
| 3 | FHEQ | Fidelity Hedged Equity ETF | $970m | +0.97 | 92.2% | +6.9 pts | Issuer, month end, Aug 31, 2026 |
| 4 | CAOS | Alpha Architect Tail Risk ETF | $705m | −0.40 | −6.2% | −2.6 pts | SEC N-PORT, Jun 30, 2026 |
| 5 | HEGD | Swan Hedged Equity US Large Cap ETF | $692m | +0.97 | 60.2% | +4.7 pts | SEC N-PORT, May 31, 2026 |
| 6 | HEDG | Equable Shares Hedged Equity ETF | $427m | under a year | not measured | not available | SEC N-PORT, Jul 31, 2026 |
| 7 | HEQT | Simplify Hedged Equity ETF | $293m | +0.94 | 45.1% | +7.8 pts | Issuer page, Sep 18, 2026 |
| 8 | HOLA | JPMorgan International Hedged Equity Lad | $281m | +0.72 | 47.0% | +8.6 pts | Issuer page, undated |
| 9 | SHDG | Soundwatch Hedged Equity ETF | $164m | +0.86 | 60.2% | +2.6 pts | SEC N-PORT, Apr 30, 2026 |
| 10 | TAIL | Cambria Tail Risk ETF | $157m | −0.75 | −32.1% | −16.8 pts | SEC N-PORT, Apr 30, 2026 |
| 11 | PHEQ | Parametric Hedged Equity ETF | $140m | +0.91 | 31.7% | +7.8 pts | SEC N-PORT, Jun 30, 2026 |
| 12 | KSPY | KraneShares Hedgeye Hedged Equity Index | $127m | +0.87 | 39.8% | +9.5 pts | Issuer page, Sep 18, 2026 |
| 13 | ATTR | Arin Tactical Tail Risk ETF | $96m | under a year | not measured | not available | SEC N-PORT, Jun 30, 2026 |
| 14 | JHDG | John Hancock Hedged Equity ETF | $90m | under a year | not measured | not available | SEC N-PORT, Jun 30, 2026 |
| 15 | QBER | TrueShares Quarterly Bear Hedge ETF | $62m | −0.69 | −15.4% | −4.0 pts | SEC N-PORT, Apr 30, 2026 |
Method
The 25 hedged equity ETFs ETFIQ measures, of which 24 publish net assets. Across the funds listed here correlation with the S&P 500 runs from -0.8 to 1.0. Size is not a measure of how much a fund diversifies. The correlation column 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
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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 hedged equity ETFs, ranked by net assets, data as of Sep 18, 2026. https://etfiq.com/rankings/alternatives-largest-hedged-equity Free to use with attribution; the underlying files are at Open data.