# Hedged Equity ETFs: 15 Ranked by Size, Nov 2026

> 15 hedged equity ETFs ranked by net assets, as of Nov 4, 2026. HELO leads at $4.9bn in net assets. ACIO is second at $2.4bn in net assets.

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026 . Rebuilt every trading night.

## 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.

| # | 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 |

### 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. 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.

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### Sources

Links are sources, not endorsements.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: 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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