The largest hedged equity ETFs

See 15 funds ranked by net assets. Updated Nov 4, 2026. Every fund here runs a hedged equity strategy, so what separates them is how well each does that job.

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Net assets, one bar per fund

firstlast

$4.9bn

first, HELO

$90m

last, JHDG

funds in the list

All 15, highest first

15 of 15 · click a column to sort

Points (pts) are percentage points.

The largest hedged equity ETFs
#	Ticker	Fund	Net assets ↓	Correlation	Down-week capture	Against T-bills	Source
1	HELO	JPMorgan Hedged Equity Laddered Overlay	$4.9bn	+0.95	60.7%	+3.4 pts	Issuer page, Nov 3, 2026
2	ACIO	Aptus Collared Investment Opportunity ET	$2.4bn	+0.99	84.3%	+3.3 pts	SEC N-PORT, Jul 31, 2026
3	FHEQ	Fidelity Hedged Equity ETF	$986m	+0.98	86.0%	+4.7 pts	Issuer, month end, Sep 30, 2026
4	HEGD	Swan Hedged Equity US Large Cap ETF	$735m	+0.98	71.4%	+3.2 pts	SEC N-PORT, Aug 31, 2026
5	CAOS	Alpha Architect Tail Risk ETF	$728m	−0.15	−3.3%	−2.3 pts	Issuer page, Nov 3, 2026
6	HEDG	Equable Shares Hedged Equity ETF	$427m	+0.87	15.8%	+5.9 pts	SEC N-PORT, Jul 31, 2026
7	HEQT	Simplify Hedged Equity ETF	$307m	+0.97	54.2%	+6.5 pts	Issuer page, Nov 3, 2026
8	HOLA	JPMorgan International Hedged Equity Lad	$282m	+0.69	36.9%	+6.5 pts	Issuer page, Nov 3, 2026
9	SHDG	Soundwatch Hedged Equity ETF	$161m	+0.90	70.4%	+1.6 pts	SEC N-PORT, Jul 31, 2026
10	TAIL	Cambria Tail Risk ETF	$147m	−0.74	−15.9%	−16.0 pts	SEC N-PORT, Jul 31, 2026
11	PHEQ	Parametric Hedged Equity ETF	$140m	+0.94	31.6%	+7.2 pts	SEC N-PORT, Jun 30, 2026
12	KSPY	KraneShares Hedgeye Hedged Equity Index	$135m	+0.92	41.0%	+7.9 pts	Issuer page, Nov 4, 2026
13	TOAK	Manager Directed Portfolios Twin Oak Sho	$105m	+0.12	−6.1%	0.0 pts	SEC N-PORT, Aug 31, 2026
14	ATTR	Arin Tactical Tail Risk ETF	$96m	+0.91	15.6%	+3.5 pts	SEC N-PORT, Jun 30, 2026
15	JHDG	John Hancock Hedged Equity ETF	$90m	under a year	not measured	not available	SEC N-PORT, Jun 30, 2026

As of Nov 4, 2026. Source: ETFIQ.CSV Method

Method

The 26 hedged equity ETFs ETFIQ measures, of which 24 publish net assets. Across the funds listed here correlation with the S&P 500 runs from -0.7 to 1.0.

The rest of the method

Size does not show how much a fund diversifies. The correlation column does. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.

How these numbers are computed →Standards and sources →

Where to next

Every alternatives ETF90 →Alternatives ETFs by lowest S&P 500 correlation15 →

Sources and dates

SEC EDGAR, full-text search of fund filingsefts.sec.gov ↗

SEC Form N-PORT, what a fund filed it holdssec.gov ↗

Rule 19a-1, what a distribution notice must sayecfr.gov ↗

Links are sources, not endorsements. A ranking is not a recommendation or an opinion.

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ETFIQ, The largest hedged equity ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-hedged-equity

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