As of . Rebuilt every trading night.
The largest market neutral ETFs
Every fund here runs a market neutral 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 | BTAL | AGF U.S. Market Neutral Anti-Beta Fund | $283m | −0.69 | −95.2% | −22.7 pts | SEC N-PORT, Jun 30, 2026 |
| 2 | MKTN | Federated Hermes MDT Market Neutral ETF | $107m | under a year | not measured | not available | SEC N-PORT, Jun 30, 2026 |
| 3 | NTRL | First Trust Equity Market Neutral ETF | $17m | under a year | not measured | not available | Issuer page, Sep 18, 2026 |
| 4 | RNMN | RiverNorth Market Neutral ETF | $7m | under a year | not measured | not available | SEC N-PORT, Jun 30, 2026 |
Method
The 4 market neutral ETFs ETFIQ measures, of which 4 publish net assets. 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.
Where to next
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 market neutral ETFs, ranked by net assets, data as of Sep 18, 2026. https://etfiq.com/rankings/alternatives-largest-market-neutral Free to use with attribution; the underlying files are at Open data.