{"url":"https://etfiq.com/rankings/alternatives-lowest-correlation","section":"rankings","title":"Alternatives ETFs by lowest S&P 500 correlation | ETFIQ","description":"BTAL leads alternatives ETFs by lowest S&P 500 correlation at \u22120.74 (correlation, one year), as of Nov 4, 2026. A ranking is not a recommendation.","as_of":"Nov 4, 2026","structured_data":[{"@type":"ItemList","name":"Alternatives ETFs by lowest S&P 500 correlation","numberOfItems":15,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"BTAL","url":"https://etfiq.com/funds/btal"},{"@type":"ListItem","position":2,"name":"TAIL","url":"https://etfiq.com/funds/tail"},{"@type":"ListItem","position":3,"name":"QBER","url":"https://etfiq.com/funds/qber"},{"@type":"ListItem","position":4,"name":"CAOS","url":"https://etfiq.com/funds/caos"},{"@type":"ListItem","position":5,"name":"CCOR","url":"https://etfiq.com/funds/ccor"},{"@type":"ListItem","position":6,"name":"CTA","url":"https://etfiq.com/funds/cta"},{"@type":"ListItem","position":7,"name":"FLSP","url":"https://etfiq.com/funds/flsp"},{"@type":"ListItem","position":8,"name":"KMLM","url":"https://etfiq.com/funds/kmlm"},{"@type":"ListItem","position":9,"name":"MKTN","url":"https://etfiq.com/funds/mktn"},{"@type":"ListItem","position":10,"name":"QIS","url":"https://etfiq.com/funds/qis"},{"@type":"ListItem","position":11,"name":"FFUT","url":"https://etfiq.com/funds/ffut"},{"@type":"ListItem","position":12,"name":"TOAK","url":"https://etfiq.com/funds/toak"},{"@type":"ListItem","position":13,"name":"FMF","url":"https://etfiq.com/funds/fmf"},{"@type":"ListItem","position":14,"name":"HFMF","url":"https://etfiq.com/funds/hfmf"},{"@type":"ListItem","position":15,"name":"LSEQ","url":"https://etfiq.com/funds/lseq"}]},{"@type":"Dataset","name":"Alternatives ETFs by lowest S&P 500 correlation","description":"BTAL leads alternatives ETFs by lowest S&P 500 correlation at \u22120.74 (correlation, one year), as of Nov 4, 2026. A ranking is not a recommendation.","url":"https://etfiq.com/rankings/alternatives-lowest-correlation","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":"Alternatives ETFs by lowest S&P 500 correl...","item":"https://etfiq.com/rankings/alternatives-lowest-correlation"}]},{"@type":"WebPage","name":"Alternatives ETFs by lowest S&P 500 correlation","description":"BTAL leads alternatives ETFs by lowest S&P 500 correlation at \u22120.74 (correlation, one year), as of Nov 4, 2026. A ranking is not a recommendation.","url":"https://etfiq.com/rankings/alternatives-lowest-correlation","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":4156,"truncated":false,"content":"ETFIQ / Rankings / Alternatives ETFs by lowest S&P 500 correl... \n \n As of Nov 4, 2026 . Rebuilt every trading night.\n Alternatives ETFs by lowest S&P 500 correlation\n See 15 funds ranked by correlation of weekly returns with the S&P 500, lowest first, one year. Updated Nov 4, 2026. Correlation runs from 1, moving in step with the index, to \u22121, moving against it. Near zero, a fund moved to its own pattern. It says nothing about next year, and nothing about whether the fund made money. For that, read the T-bills column. The top 2 are level at \u22120.74, so their order is not a ranking. The number is the same for each of them.\n Alternatives ETFs by lowest S&P 500 correlation, ranked by correlation of weekly returns with the S&P 500, lowest first, as of Nov 4, 2026. Source: ETFIQ. # Ticker Fund Strategy Correlation Beta Down-week capture Against T-bills \n 1 BTAL AGF U.S. Market Neutral Anti-Beta Fund Market neutral \u22120.74 \u22121.37 \u2212168.4% \u221213.7 pts \n 2 TAIL Cambria Tail Risk ETF Hedged equity \u22120.74 \u22120.36 \u221215.9% \u221216.0 pts \n 3 QBER TrueShares Quarterly Bear Hedge ETF Hedged equity \u22120.71 \u22120.12 \u221215.4% \u22123.8 pts \n 4 CAOS Alpha Architect Tail Risk ETF Hedged equity \u22120.15 \u22120.01 \u22123.3% \u22122.3 pts \n 5 CCOR Core Alternative ETF Hedged equity \u22120.14 \u22120.10 \u221220.7% +3.9 pts \n 6 CTA Simplify Managed Futures Strategy ETF Managed futures \u22120.14 \u22120.30 5.3% 0.0 pts \n 7 FLSP Franklin Systematic Style Premia ETF Multi-strategy \u22120.13 \u22120.06 \u221221.2% +7.9 pts \n 8 KMLM KraneShares Mount Lucas Managed Futures Managed futures \u22120.12 \u22120.12 \u221216.3% +12.9 pts \n 9 MKTN Federated Hermes MDT Market Neutral ETF Market neutral \u22120.06 \u22120.03 \u221243.2% +12.6 pts \n 10 QIS Simplify Multi-QIS Alternative ETF Multi-strategy +0.03 +0.10 191.0% \u221250.7 pts \n 11 FFUT Fidelity Managed Futures ETF Managed futures +0.09 +0.08 13.6% +13.4 pts \n 12 TOAK Manager Directed Portfolios Twin Oak Sho Hedged equity +0.12 0.00 \u22126.1% 0.0 pts \n 13 FMF First Trust Managed Futures Strategy Fun Managed futures +0.16 +0.11 9.9% +6.9 pts \n 14 HFMF Unlimited HFMF Managed Futures ETF Managed futures +0.18 +0.24 56.2% +4.6 pts \n 15 LSEQ Harbor Long-Short Equity ETF Long-short equity +0.18 +0.24 24.8% +20.8 pts \n \n Method\n 52 weekly returns to Nov 4, 2026 for each fund and for the S&P 500, measured through SPY with distributions reinvested. Correlation and beta are computed on those weeks; down-week capture is the fund\u2019s average return in the weeks SPY fell, as a share of SPY\u2019s. Return against T-bills is the fund\u2019s total return minus BIL\u2019s over the same weeks. 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 that rose when the S&P 500 fell The vocabulary 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, Alternatives ETFs by lowest S&P 500 correlation, ranked by correlation of weekly returns with the S&P 500, lowest first, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-lowest-correlation 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, Alternatives ETFs by lowest S&P 500 correlation, ranked by correlation of weekly returns with the S&P 500, lowest first, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-lowest-correlation APA ETFIQ. (Nov 4, 2026). Alternatives ETFs by lowest S&P 500 correlation, ranked by correlation of weekly returns with the S&P 500, lowest first. Retrieved from https://etfiq.com/rankings/alternatives-lowest-correlation Markdown [Alternatives ETFs by lowest S&P 500 correlation, ranked by correlation of weekly returns with the S&P 500, lowest first (ETFIQ, Nov 4, 2026)](https://etfiq.com/rankings/alternatives-lowest-correlation)","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, Alternatives ETFs by lowest S&P 500 correlation, ranked by correlation of weekly returns with the S&P 500, lowest first, data as of Nov 4, 2026. https://etfiq.com/rankings/alternatives-lowest-correlation"}