{"url":"https://etfiq.com/rankings/alternatives-largest-long-short-equity","section":"rankings","title":"Long-short Equity ETFs: 11 Ranked by Size, Nov 2026 | ETFIQ","description":"11 long-short equity ETFs ranked by net assets, as of Nov 4, 2026. FTLS leads at $2.6bn in net assets. CLSE is second at $900m in net assets.","as_of":"Nov 4, 2026","structured_data":[{"@type":"ItemList","name":"The largest long-short equity ETFs","numberOfItems":11,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"FTLS","url":"https://etfiq.com/funds/ftls"},{"@type":"ListItem","position":2,"name":"CLSE","url":"https://etfiq.com/funds/clse"},{"@type":"ListItem","position":3,"name":"CSM","url":"https://etfiq.com/funds/csm"},{"@type":"ListItem","position":4,"name":"ORR","url":"https://etfiq.com/funds/orr"},{"@type":"ListItem","position":5,"name":"EHLS","url":"https://etfiq.com/funds/ehls"},{"@type":"ListItem","position":6,"name":"CBLS","url":"https://etfiq.com/funds/cbls"},{"@type":"ListItem","position":7,"name":"FFLS","url":"https://etfiq.com/funds/ffls"},{"@type":"ListItem","position":8,"name":"HFEQ","url":"https://etfiq.com/funds/hfeq"},{"@type":"ListItem","position":9,"name":"LSEQ","url":"https://etfiq.com/funds/lseq"},{"@type":"ListItem","position":10,"name":"MEMA","url":"https://etfiq.com/funds/mema"},{"@type":"ListItem","position":11,"name":"WTLS","url":"https://etfiq.com/funds/wtls"}]},{"@type":"Dataset","name":"The largest long-short equity ETFs","description":"11 long-short equity ETFs ranked by net assets, as of Nov 4, 2026. FTLS leads at $2.6bn in net assets. CLSE is second at $900m in net assets.","url":"https://etfiq.com/rankings/alternatives-largest-long-short-equity","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Rankings","item":"https://etfiq.com/rankings/"},{"@type":"ListItem","position":3,"name":"The largest long-short equity ETFs","item":"https://etfiq.com/rankings/alternatives-largest-long-short-equity"}]},{"@type":"WebPage","name":"Long-short Equity ETFs: 11 Ranked by Size, Nov 2026","description":"11 long-short equity ETFs ranked by net assets, as of Nov 4, 2026. FTLS leads at $2.6bn in net assets. CLSE is second at $900m in net assets.","url":"https://etfiq.com/rankings/alternatives-largest-long-short-equity","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":3191,"truncated":false,"content":"ETFIQ / Rankings / The largest long-short equity ETFs \n \n As of Nov 4, 2026 . Rebuilt every trading night.\n The largest long-short equity ETFs\n See 11 funds ranked by net assets. Updated Nov 4, 2026. Every fund here runs a long-short equity strategy, so what separates them is how well each does that job.\n The largest long-short equity ETFs, ranked by net assets, as of Nov 4, 2026. Source: ETFIQ. # Ticker Fund Net assets Correlation Down-week capture Against T-bills Source \n 1 FTLS First Trust Long/Short Equity $2.6bn +0.83 44.7% +4.1 pts Issuer page, Nov 3, 2026 \n 2 CLSE Convergence Long/Short Equity ETF $900m +0.73 59.1% +18.4 pts SEC N-PORT, Aug 31, 2026 \n 3 CSM ProShares Large Cap Core Plus $521m +0.98 90.7% +10.1 pts Issuer page, Nov 4, 2026 \n 4 ORR Militia Long/Short Equity ETF $355m +0.41 25.0% +16.7 pts SEC N-PORT, Aug 31, 2026 \n 5 EHLS Even Herd Long Short ETF $61m +0.69 123.5% \u22123.2 pts SEC N-PORT, Jun 30, 2026 \n 6 CBLS Clough Hedged Equity ETF $56m +0.59 150.0% \u22122.5 pts SEC N-PORT, Jul 31, 2026 \n 7 FFLS The Future Fund Long/Short ETF $43m +0.65 65.7% \u22122.4 pts SEC N-PORT, Aug 31, 2026 \n 8 HFEQ Unlimited HFEQ Equity Long/Short ETF $19m +0.86 158.3% +5.8 pts SEC N-PORT, Aug 31, 2026 \n 9 LSEQ Harbor Long-Short Equity ETF $17m +0.18 24.8% +20.8 pts Issuer page, Nov 3, 2026 \n 10 MEMA Man Active Emerging Markets Alternative $13m under a year not measured not available SEC N-PORT, Aug 31, 2026 \n 11 WTLS WisdomTree Efficient Long/Short U.S. Equ $12m under a year not measured not available SEC N-PORT, Jun 30, 2026 \n \n Method\n The 12 long-short equity ETFs ETFIQ measures, of which 11 publish net assets. Across the funds listed here correlation with the S&P 500 runs from 0.2 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.\n Where to next\n Every alternatives 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 A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, The largest long-short equity ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-long-short-equity 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, The largest long-short equity ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-long-short-equity APA ETFIQ. (Nov 4, 2026). The largest long-short equity ETFs, ranked by net assets. Retrieved from https://etfiq.com/rankings/alternatives-largest-long-short-equity Markdown [The largest long-short equity ETFs, ranked by net assets (ETFIQ, Nov 4, 2026)](https://etfiq.com/rankings/alternatives-largest-long-short-equity)","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, The largest long-short equity ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-long-short-equity"}