{"url":"https://etfiq.com/rankings/trading-cheapest-alternatives-etfs-to-trade","section":"rankings","title":"Cheapest Alternatives ETFs to Trade: Bid-Ask Spreads | ETFIQ","description":"SVXY leads cheapest alternatives ETFs to trade at 0.010% (cost to trade), as of Oct 22, 2026. 17 funds from ETFIQ\u2019s own published figures.","as_of":"Oct 22, 2026","structured_data":[{"@type":"ItemList","name":"Cheapest alternatives ETFs to trade","numberOfItems":17,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"SVXY","url":"https://etfiq.com/funds/svxy"},{"@type":"ListItem","position":2,"name":"KMLM","url":"https://etfiq.com/funds/kmlm"},{"@type":"ListItem","position":3,"name":"UVXY","url":"https://etfiq.com/funds/uvxy"},{"@type":"ListItem","position":4,"name":"VIXY","url":"https://etfiq.com/funds/vixy"},{"@type":"ListItem","position":5,"name":"VIXM","url":"https://etfiq.com/funds/vixm"},{"@type":"ListItem","position":6,"name":"CSM","url":"https://etfiq.com/funds/csm"},{"@type":"ListItem","position":7,"name":"LALT","url":"https://etfiq.com/funds/lalt"},{"@type":"ListItem","position":8,"name":"MRGR","url":"https://etfiq.com/funds/mrgr"},{"@type":"ListItem","position":9,"name":"HOLD","url":"https://etfiq.com/funds/hold"},{"@type":"ListItem","position":10,"name":"THEQ","url":"https://etfiq.com/funds/theq"},{"@type":"ListItem","position":11,"name":"KSPY","url":"https://etfiq.com/funds/kspy"},{"@type":"ListItem","position":12,"name":"FTLS","url":"https://etfiq.com/funds/ftls"},{"@type":"ListItem","position":13,"name":"NTRL","url":"https://etfiq.com/funds/ntrl"},{"@type":"ListItem","position":14,"name":"FMF","url":"https://etfiq.com/funds/fmf"},{"@type":"ListItem","position":15,"name":"LSEQ","url":"https://etfiq.com/funds/lseq"},{"@type":"ListItem","position":16,"name":"HDG","url":"https://etfiq.com/funds/hdg"},{"@type":"ListItem","position":17,"name":"IMF","url":"https://etfiq.com/funds/imf"}]},{"@type":"Dataset","name":"Cheapest alternatives ETFs to trade","description":"SVXY leads cheapest alternatives ETFs to trade at 0.010% (cost to trade), as of Oct 22, 2026. 17 funds from ETFIQ\u2019s own published figures.","url":"https://etfiq.com/rankings/trading-cheapest-alternatives-etfs-to-trade","dateModified":"2026-10-22","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/trading-score.json"}]},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What does an ETF\u2019s bid-ask spread cost?","acceptedAnswer":{"@type":"Answer","text":"Half the spread each way, on average, when you trade at the quote. A limit order at the midpoint plus half the spread caps it."}},{"@type":"Question","name":"Which ETF tops this list as of Oct 22, 2026?","acceptedAnswer":{"@type":"Answer","text":"SVXY, at 0.010% one way, $1.00 on $10,000, from a 30-day median spread of 0.02% to Oct 22, 2026."}}]},{"@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":"Cheapest alternatives ETFs to trade","item":"https://etfiq.com/rankings/trading-cheapest-alternatives-etfs-to-trade"}]},{"@type":"WebPage","name":"Cheapest Alternatives ETFs to Trade: Bid-Ask Spreads","description":"SVXY leads cheapest alternatives ETFs to trade at 0.010% (cost to trade), as of Oct 22, 2026. 17 funds from ETFIQ\u2019s own published figures.","url":"https://etfiq.com/rankings/trading-cheapest-alternatives-etfs-to-trade","dateModified":"2026-10-22","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":5660,"truncated":false,"content":"ETFIQ / Rankings / Cheapest alternatives ETFs to trade \n \n As of Oct 22, 2026 . Rebuilt every trading night.\n Cheapest alternatives ETFs to trade\n As of Oct 22, 2026, SVXY\u2019s 30-day median bid-ask spread is 0.02%, so a $10,000 order costs $1.00 one way. See 17 funds ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among alternatives ETFs. Updated Oct 22, 2026.\n Cheapest alternatives ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among alternatives ETFs, as of Oct 22, 2026. Scores and tiers as of Oct 22, 2026. Cost to trade is one way for a $10,000 order, half the issuer\u2019s median spread over the 30 days to Oct 22, 2026. Full cost to own is for $10,000 held a year, with the median premium over 12 months to Oct 22, 2026. Source: ETFIQ. # Ticker Fund Score Tier Cost to trade At $10,000 Full cost to own \u00b7 1 yr Fee Flags Net assets \n 1 SVXY ProShares Short VIX Short-Term Futures ETF Not scored No tier 0.010% $1.00 Not measured 0.95% None $212m \n 2 KMLM KraneShares Mount Lucas Managed Futures Index Strategy ETF Not scored No tier 0.030% $3.00 Not measured 0.90% None $591m \n 3 UVXY ProShares Ultra VIX Short-Term Futures ETF Not scored No tier 0.030% $3.00 Not measured 0.95% None $281m \n 4 VIXY ProShares VIX Short-Term Futures ETF Not scored No tier 0.030% $3.00 Not measured 0.85% None $240m \n 5 VIXM ProShares VIX Mid-Term Futures ETF Not scored No tier 0.040% $4.00 Not measured 0.85% None $48m \n 6 CSM ProShares Large Cap Core Plus 74 Liquid 0.045% $4.50 0.59% 0.45% None $553m \n 7 LALT First Trust Multi-Strategy Alternative ETF Not scored No tier 0.060% $6.00 Not measured 1.18% None $436m \n 8 MRGR ProShares Merger ETF 73 Liquid 0.065% $6.50 1.06% 0.75% Small but liquid $16m \n 9 HOLD Harbor Alpha Layering ETF Not scored No tier 0.075% $7.50 Not measured 0.70% One dealer $4m \n 10 THEQ T. Rowe Price Hedged Equity ETF Not scored No tier 0.082% $8.22 Not measured 0.46% None $38m \n 11 KSPY KraneShares Hedgeye Hedged Equity Index ETF Not scored No tier 0.085% $8.50 Not measured 0.88% None $131m \n 12 FTLS First Trust Long/Short Equity Not scored No tier 0.12% $12 Not measured 1.38% One dealer $2.6bn \n 13 NTRL First Trust Equity Market Neutral ETF Not scored No tier 0.12% $12 Not measured 0.95% None $16m \n 14 FMF First Trust Managed Futures Strategy Fund Not scored No tier 0.19% $19 Not measured 0.98% None $291m \n 15 LSEQ Harbor Long-Short Equity ETF Not scored No tier 0.19% $19 Not measured 2.28% None $17m \n 16 HDG ProShares Hedge Replication ETF 51 Thin 0.23% $24 1.54% 0.95% One dealer $22m \n 17 IMF Invesco Managed Futures Strategy ETF Not scored No tier 0.28% $28 Not measured 0.65% One dealer $306m \n \n Method\n Every ETF ETFIQ places among alternatives ETFs whose issuer states a 30-day median bid-ask spread, by the cost to trade a $10,000 order one way: half that spread. A tie is broken by net assets. 17 of the 4,708 ETFs that may be listed qualify tonight. The IQ Liquidity Score measures trading conditions, not the fund, and no list here is a recommendation. The list sorts one published figure, with no scoring or weighting. Too new and closing funds are left out, as are funds no longer listed.\n Questions people ask\n What does an ETF\u2019s bid-ask spread cost? Half the spread each way, on average, when you trade at the quote. A limit order at the midpoint plus half the spread caps it. Which ETF tops this list as of Oct 22, 2026? SVXY , at 0.010% one way, $1.00 on $10,000, from a 30-day median spread of 0.02% to Oct 22, 2026. Where to next\n ETF trading costs and liquidity How the IQ Liquidity Score is built Most liquid ETFs Most liquid small ETFs Low-volume ETFs with deep liquidity ETFs whose full cost to own is far above the fee Widest ETF premiums and discounts, last 30 days ETFs with the most days more than 1% from NAV ETFs with one active authorized participant ETFs with the most authorized participants The trading score file Where these figures came from\n Rule 6c-11, what every ETF must publish daily: its spread, premium and holdings 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 ETFIQ links to the documents behind every figure; a link is not an endorsement.\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, Cheapest alternatives ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among alternatives ETFs, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-cheapest-alternatives-etfs-to-trade Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Cheapest alternatives ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among alternatives ETFs, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-cheapest-alternatives-etfs-to-trade APA ETFIQ. (Oct 22, 2026). Cheapest alternatives ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among alternatives ETFs. Retrieved from https://etfiq.com/rankings/trading-cheapest-alternatives-etfs-to-trade Markdown [Cheapest alternatives ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among alternatives ETFs (ETFIQ, Oct 22, 2026)](https://etfiq.com/rankings/trading-cheapest-alternatives-etfs-to-trade)","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":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Cheapest alternatives ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among alternatives ETFs, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-cheapest-alternatives-etfs-to-trade"}