Alternatives ETFs ranked by the Stock Diversification Score

How much does it diversify a stock portfolio? Stock Diversification Score is where a fund sits among the alternatives ETFs it can honestly be compared with, on that one question.

That is two sets in this category rather than one: 22 equity hedged alternatives ETFs with a full year (lowest 4.5, median 47.8, top 95.5) and 17 systematic trend alternatives ETFs with a full year (lowest 2.9, median 50, top 94.2). It is a rank inside a set turned into a percentile, so no fund reaches 100 and none reaches 0. A percentile has no weights to argue with and can be recomputed by anyone with the file.

A high score is not a recommendation and a low one is not a warning. One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. It is one year of weekly returns, and a fund that rose when stocks fell in that year need not in the next. Each strategy is ranked only among itself, and a strategy with fewer than twelve funds has no score. It leaves out what the fund earned, which is why return against T-bills sits beside it.

All scores askIQ about this score How it is computed

Stock Diversification Score, one bar per fund

10050 is the middle of a set · green: 80 and above0

funds scored

95.5

highest, TAIL

2.9

lowest, RSST

The two sets, every fund on its percentile

Equity hedged alternatives ETFs with a full year22 funds · median 47.8 · top 95.5

Systematic trend alternatives ETFs with a full year17 funds · median 50 · top 94.2

It is a rank inside a set turned into a percentile, so no fund reaches 100 and none reaches 0.

All 39, ranked

39 of 39 · click a column to sort

IQ Alternatives Score

How much it diversifies a stock portfolio, ranked against its own set, 22 equity hedged alternatives ETFs with a full year and 17 systematic trend alternatives ETFs with a full year. 100 is best. How it is computed

Alternatives ETFs ranked by the Stock Diversification Score
#	Ticker	Fund	Issuer	Set	Stock Diversification Score ↓	Correlation with the S&P 500	Down-week capture against the S&P 500
1	TAIL	Cambria Tail Risk ETF	Cambria	equity hedged	95.5	−0.74	−15.9%
1	CTA	Simplify Managed Futures Strategy ETF	Simplify	systematic trend	94.2	−0.14	5.3%
2	KMLM	KraneShares Mount Lucas Managed Futures Index Strate	KraneShares	systematic trend	94.2	−0.12	−16.3%
2	CCOR	Core Alternative ETF	Core Alternative	equity hedged	90.9	−0.14	−20.7%
3	QBER	TrueShares Quarterly Bear Hedge ETF	TrueShares	equity hedged	90.9	−0.71	−15.4%
4	CAOS	Alpha Architect Tail Risk ETF	Alpha Architect	equity hedged	84	−0.15	−3.3%
3	FMF	First Trust Managed Futures Strategy Fund	First Trust	systematic trend	82.3	+0.16	9.9%
5	TOAK	Manager Directed Portfolios Twin Oak Short Horizon A	Manager Directed Portfolios	equity hedged	81.8	+0.12	−6.1%
4	FFUT	Fidelity Managed Futures ETF	Fidelity	systematic trend	79.4	+0.09	13.6%
5	IMF	Invesco Managed Futures Strategy ETF	Invesco	systematic trend	70.6	+0.38	13.0%
6	HEDG	Equable Shares Hedged Equity ETF	Equable Shares	equity hedged	68.2	+0.87	15.8%
7	QBUL	TrueShares Quarterly Bull Hedge ETF	TrueShares	equity hedged	68.2	+0.85	23.9%
6	DBMF	iMGP DBi Managed Futures Strategy ETF	iMGP	systematic trend	67.6	+0.26	32.9%
8	HOLA	JPMorgan International Hedged Equity Laddered Overla	JPMorgan	equity hedged	65.9	+0.69	36.9%
9	ATTR	Arin Tactical Tail Risk ETF	Arin	equity hedged	62.5	+0.91	15.6%
7	HFMF	Unlimited HFMF Managed Futures ETF	Unlimited	systematic trend	58.8	+0.18	56.2%
8	ASMF	Virtus AlphaSimplex Managed Futures ETF	Virtus	systematic trend	53	+0.40	45.9%
9	ISMF	iShares Managed Futures Active ETF	iShares	systematic trend	50	+0.48	35.9%
10	PHEQ	Parametric Hedged Equity ETF	Parametric	equity hedged	50	+0.94	31.6%
11	KSPY	KraneShares Hedgeye Hedged Equity Index ETF	KraneShares	equity hedged	47.8	+0.92	41.0%
12	SHDG	Soundwatch Hedged Equity ETF	Soundwatch	equity hedged	47.7	+0.90	70.4%
10	WTMF	WisdomTree Managed Futures Strategy Fund	WisdomTree	systematic trend	44.1	+0.62	34.4%
11	AHLT	AHL Trend ETF	American Beacon	systematic trend	41.2	+0.47	81.7%
13	HELO	JPMorgan Hedged Equity Laddered Overlay ETF	JPMorgan	equity hedged	38.7	+0.95	60.7%
12	RSBT	Return Stacked Bonds & Managed Futures ETF	Return Stacked	systematic trend	38.2	+0.52	74.4%
14	HEQQ	JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	JPMorgan	equity hedged	36.4	+0.88	96.6%
15	HEQT	Simplify Hedged Equity ETF	Simplify	equity hedged	36.4	+0.97	54.2%
13	MFUT	Cambria Chesapeake Pure Trend ETF	Cambria	systematic trend	29.4	+0.54	89.9%
16	HEGD	Swan Hedged Equity US Large Cap ETF	Swan	equity hedged	26.1	+0.98	71.4%
17	QTR	Global X NASDAQ 100 Tail Risk ETF	Global X	equity hedged	26.1	+0.91	167.0%
18	ZHDG	ZEGA Buy and Hedge ETF	Zega	equity hedged	25	+0.96	85.6%
19	THEQ	T. Rowe Price Hedged Equity ETF	T. Rowe Price	equity hedged	19.3	+0.99	72.3%
14	HOLD	Harbor Alpha Layering ETF	Harbor	systematic trend	17.6	+0.66	120.5%
20	ACIO	Aptus Collared Investment Opportunity ETF	Aptus	equity hedged	17.1	+0.99	84.3%
21	FHEQ	Fidelity Hedged Equity ETF	Fidelity	equity hedged	17.1	+0.98	86.0%
15	PRAE	PlanRock Equity Plus Alternatives ETF	PlanRock	systematic trend	14.7	+0.79	120.0%
16	TFPN	Blueprint Chesapeake Multi-Asset Trend ETF	Blueprint	systematic trend	11.8	+0.75	123.6%
22	XTR	Global X S&P 500 Tail Risk ETF	Global X	equity hedged	4.5	+1.00	100.0%
17	RSST	Return Stacked U.S. Stocks & Managed Futures ETF	Return Stacked	systematic trend	2.9	+0.85	164.8%

Alternatives ETFs ranked by the Stock Diversification Score, as of Nov 4, 2026. Source: ETFIQ. Sorted by score inside each set; the first column is the rank inside its own set.Method

Not scored

23 alternatives ETFs carry the number and no score, each for the reason beside it: a set needs twelve funds, and a fund outside a ranked set has no score rather than a low one.

Show the 23 funds not scored

Not a rating

A high score is not a recommendation and a low one is not a warning. ETFIQ is an independent publisher, not an adviser.

How each score is computed →Standards and sources →

Where to next

Buffer ETFs · Downside Cover Score→Income ETFs · Distribution Coverage Score→Thematic ETFs · S&P 500 Difference Score→Leveraged ETFs · 3-Month Tracking Score→Crypto ETFs · Coin Capture Score→Bond ETFs · Rate Cushion Score→Every alternatives ETF90 →Every alternatives ETF ranking→Method→The file, scores.json→

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ETFIQ, Alternatives ETFs ranked by the Stock Diversification Score, data as of Nov 4, 2026. https://etfiq.com/scores/alternatives/

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