As of Nov 4, 2026. Rebuilt every trading night.
The largest multi-strategy ETFs
See 8 funds ranked by net assets. Updated Nov 4, 2026. Every fund here runs a multi-strategy strategy, so what separates them is how well each does that job.
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All 8, highest first
8 of 8 · click a column to sortPoints (pts) are percentage points.
| # | Ticker | Fund | Net assets ↓ | Correlation | Down-week capture | Against T-bills | Source |
|---|---|---|---|---|---|---|---|
| 1 | IALT | iShares Systematic Alternatives Active E | $7.9bn, off scale | under a year | not measured | not available | Issuer daily, Nov 3, 2026 |
| 2 | FLSP | Franklin Systematic Style Premia ETF | $1.2bn | −0.13 | −21.2% | +7.9 pts | Issuer page, Nov 3, 2026 |
| 3 | QAI | NYLIM Hedge Multi-Strategy Tracker ETF | $1.0bn | +0.89 | 50.9% | +3.5 pts | SEC N-PORT, Jul 31, 2026 |
| 4 | LALT | First Trust Multi-Strategy Alternative E | $442m | +0.34 | 8.9% | +8.0 pts | Issuer page, Nov 3, 2026 |
| 5 | QALT | SEI DBi Multi-Strategy Alternative ETF | $194m | +0.60 | 45.7% | +2.5 pts | SEC N-PORT, Jun 30, 2026 |
| 6 | QIS | Simplify Multi-QIS Alternative ETF | $47m | +0.03 | 191.0% | −50.7 pts | Issuer page, Nov 3, 2026 |
| 7 | HFND | Unlimited HFND Multi-Strategy Return Tra | $39m | +0.82 | 76.4% | −0.1 pts | SEC N-PORT, Aug 31, 2026 |
| 8 | HDG | ProShares Hedge Replication ETF | $22m | +0.85 | 38.0% | +3.0 pts | Issuer page, Nov 4, 2026 |
The 8 multi-strategy ETFs ETFIQ measures, of which 8 publish net assets. Across the funds listed here correlation with the S&P 500 runs from -0.1 to 0.9.
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 multi-strategy ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-multi-strategy
ETFIQ. (Nov 4, 2026). The largest multi-strategy ETFs, ranked by net assets. Retrieved from https://etfiq.com/rankings/alternatives-largest-multi-strategy
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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.