# Long-short Equity ETFs: 11 Ranked by Size, Nov 2026

> 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.

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

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

## The largest long-short equity ETFs

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.

| # | Ticker | Fund | Net assets | Correlation | Down-week capture | Against T-bills | Source |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | FTLS | First Trust Long/Short Equity | $2.6bn | +0.83 | 44.7% | +4.1 pts | Issuer page, Nov 3, 2026 |
| 2 | CLSE | Convergence Long/Short Equity ETF | $900m | +0.73 | 59.1% | +18.4 pts | SEC N-PORT, Aug 31, 2026 |
| 3 | CSM | ProShares Large Cap Core Plus | $521m | +0.98 | 90.7% | +10.1 pts | Issuer page, Nov 4, 2026 |
| 4 | ORR | Militia Long/Short Equity ETF | $355m | +0.41 | 25.0% | +16.7 pts | SEC N-PORT, Aug 31, 2026 |
| 5 | EHLS | Even Herd Long Short ETF | $61m | +0.69 | 123.5% | −3.2 pts | SEC N-PORT, Jun 30, 2026 |
| 6 | CBLS | Clough Hedged Equity ETF | $56m | +0.59 | 150.0% | −2.5 pts | SEC N-PORT, Jul 31, 2026 |
| 7 | FFLS | The Future Fund Long/Short ETF | $43m | +0.65 | 65.7% | −2.4 pts | SEC N-PORT, Aug 31, 2026 |
| 8 | HFEQ | Unlimited HFEQ Equity Long/Short ETF | $19m | +0.86 | 158.3% | +5.8 pts | SEC N-PORT, Aug 31, 2026 |
| 9 | LSEQ | Harbor Long-Short Equity ETF | $17m | +0.18 | 24.8% | +20.8 pts | Issuer page, Nov 3, 2026 |
| 10 | MEMA | Man Active Emerging Markets Alternative | $13m | under a year | not measured | not available | SEC N-PORT, Aug 31, 2026 |
| 11 | WTLS | WisdomTree Efficient Long/Short U.S. Equ | $12m | under a year | not measured | not available | SEC N-PORT, Jun 30, 2026 |

### Method

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.

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