As of Nov 4, 2026. Rebuilt every trading night.
The largest market neutral ETFs
See 4 funds ranked by net assets. Updated Nov 4, 2026. Every fund here runs a market neutral strategy, so what separates them is how well each does that job.
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4 of 4 · click a column to sortPoints (pts) are percentage points.
| # | Ticker | Fund | Net assets ↓ | Correlation | Down-week capture | Against T-bills | Source |
|---|---|---|---|---|---|---|---|
| 1 | BTAL | AGF U.S. Market Neutral Anti-Beta Fund | $283m | −0.74 | −168.4% | −13.7 pts | SEC N-PORT, Jun 30, 2026 |
| 2 | MKTN | Federated Hermes MDT Market Neutral ETF | $107m | −0.06 | −43.2% | +12.6 pts | SEC N-PORT, Jun 30, 2026 |
| 3 | NTRL | First Trust Equity Market Neutral ETF | $16m | under a year | not measured | not available | Issuer page, Nov 3, 2026 |
| 4 | RNMN | RiverNorth Market Neutral ETF | $7.1m | under a year | not measured | not available | SEC N-PORT, Jun 30, 2026 |
The 4 market neutral ETFs ETFIQ measures, of which 4 publish net assets. Across the funds listed here correlation with the S&P 500 runs from -0.7 to -0.1.
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.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, The largest market neutral ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-market-neutral
ETFIQ. (Nov 4, 2026). The largest market neutral ETFs, ranked by net assets. Retrieved from https://etfiq.com/rankings/alternatives-largest-market-neutral
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