# Market Neutral ETFs: 4 Ranked by Size, Nov 2026

> 4 market neutral ETFs ranked by net assets, as of Nov 4, 2026. BTAL leads at $283m in net assets. MKTN is second at $107m in net assets.

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

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.

| # | 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 |

### Method

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