{"url":"https://etfiq.com/rankings/alternatives-largest-multi-strategy","section":"rankings","title":"Multi-strategy ETFs: 8 Ranked by Size, Nov 2026 | ETFIQ","description":"8 multi-strategy ETFs ranked by net assets, as of Nov 4, 2026. IALT leads at $7.9bn in net assets. FLSP is second at $1.2bn in net assets.","as_of":"Nov 4, 2026","structured_data":[{"@type":"ItemList","name":"The largest multi-strategy ETFs","numberOfItems":8,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"IALT","url":"https://etfiq.com/funds/ialt"},{"@type":"ListItem","position":2,"name":"FLSP","url":"https://etfiq.com/funds/flsp"},{"@type":"ListItem","position":3,"name":"QAI","url":"https://etfiq.com/funds/qai"},{"@type":"ListItem","position":4,"name":"LALT","url":"https://etfiq.com/funds/lalt"},{"@type":"ListItem","position":5,"name":"QALT","url":"https://etfiq.com/funds/qalt"},{"@type":"ListItem","position":6,"name":"QIS","url":"https://etfiq.com/funds/qis"},{"@type":"ListItem","position":7,"name":"HFND","url":"https://etfiq.com/funds/hfnd"},{"@type":"ListItem","position":8,"name":"HDG","url":"https://etfiq.com/funds/hdg"}]},{"@type":"Dataset","name":"The largest multi-strategy ETFs","description":"8 multi-strategy ETFs ranked by net assets, as of Nov 4, 2026. IALT leads at $7.9bn in net assets. FLSP is second at $1.2bn in net assets.","url":"https://etfiq.com/rankings/alternatives-largest-multi-strategy","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Rankings","item":"https://etfiq.com/rankings/"},{"@type":"ListItem","position":3,"name":"The largest multi-strategy ETFs","item":"https://etfiq.com/rankings/alternatives-largest-multi-strategy"}]},{"@type":"WebPage","name":"Multi-strategy ETFs: 8 Ranked by Size, Nov 2026","description":"8 multi-strategy ETFs ranked by net assets, as of Nov 4, 2026. IALT leads at $7.9bn in net assets. FLSP is second at $1.2bn in net assets.","url":"https://etfiq.com/rankings/alternatives-largest-multi-strategy","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":2900,"truncated":false,"content":"ETFIQ / Rankings / The largest multi-strategy ETFs \n \n As of Nov 4, 2026 . Rebuilt every trading night.\n The largest multi-strategy ETFs\n 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.\n The largest multi-strategy ETFs, ranked by net assets, as of Nov 4, 2026. Source: ETFIQ. # Ticker Fund Net assets Correlation Down-week capture Against T-bills Source \n 1 IALT iShares Systematic Alternatives Active E $7.9bn under a year not measured not available Issuer daily, Nov 3, 2026 \n 2 FLSP Franklin Systematic Style Premia ETF $1.2bn \u22120.13 \u221221.2% +7.9 pts Issuer page, Nov 3, 2026 \n 3 QAI NYLIM Hedge Multi-Strategy Tracker ETF $1.0bn +0.89 50.9% +3.5 pts SEC N-PORT, Jul 31, 2026 \n 4 LALT First Trust Multi-Strategy Alternative E $442m +0.34 8.9% +8.0 pts Issuer page, Nov 3, 2026 \n 5 QALT SEI DBi Multi-Strategy Alternative ETF $194m +0.60 45.7% +2.5 pts SEC N-PORT, Jun 30, 2026 \n 6 QIS Simplify Multi-QIS Alternative ETF $47m +0.03 191.0% \u221250.7 pts Issuer page, Nov 3, 2026 \n 7 HFND Unlimited HFND Multi-Strategy Return Tra $39m +0.82 76.4% \u22120.1 pts SEC N-PORT, Aug 31, 2026 \n 8 HDG ProShares Hedge Replication ETF $22m +0.85 38.0% +3.0 pts Issuer page, Nov 4, 2026 \n \n Method\n 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. 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.\n Where to next\n Every alternatives ETF Alternatives ETFs by lowest S&P 500 correlation Sources\n SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, The largest multi-strategy ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-multi-strategy Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, The largest multi-strategy ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-multi-strategy APA ETFIQ. (Nov 4, 2026). The largest multi-strategy ETFs, ranked by net assets. Retrieved from https://etfiq.com/rankings/alternatives-largest-multi-strategy Markdown [The largest multi-strategy ETFs, ranked by net assets (ETFIQ, Nov 4, 2026)](https://etfiq.com/rankings/alternatives-largest-multi-strategy)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, The largest multi-strategy ETFs, ranked by net assets, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-largest-multi-strategy"}