{"url":"https://etfiq.com/scores/alternatives/","section":"scores","title":"Alternatives ETFs by Stock Diversification Score | ETFIQ","description":"Stock Diversification Score ranks all 39 alternatives ETFs ETFIQ scores on one question: How much does it diversify a stock portfolio?","as_of":"Nov 4, 2026","structured_data":[{"@type":"ItemList","name":"Alternatives ETFs ranked by the Stock Diversification 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Stock Diversification Score for alternatives ETFs","description":"Stock Diversification Score ranks all 39 alternatives ETFs ETFIQ scores on one question: How much does it diversify a stock portfolio?","url":"https://etfiq.com/scores/alternatives/","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/scores.json"}],"publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","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 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As of Nov 4, 2026 .\n Alternatives ETFs ranked by the Stock Diversification Score\n How much does it diversify a stock portfolio?\n 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 .\n 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. How it is computed \n \n Alternatives ETFs ranked by the Stock Diversification Score, as of Nov 4, 2026. Source: ETFIQ. # Ticker Fund Issuer Set Stock Diversification Score Correlation with the S&P 500 Down-week capture against the S&P 500 \n 1 TAIL Cambria Tail Risk ETF Cambria equity hedged 95.5 \u22120.74 \u221215.9% \n 1 CTA Simplify Managed Futures Strategy ETF Simplify systematic trend 94.2 \u22120.14 5.3% \n 2 KMLM KraneShares Mount Lucas Managed Futures Index Strate KraneShares systematic trend 94.2 \u22120.12 \u221216.3% \n 2 CCOR Core Alternative ETF Core Alternative equity hedged 90.9 \u22120.14 \u221220.7% \n 3 QBER TrueShares Quarterly Bear Hedge ETF TrueShares equity hedged 90.9 \u22120.71 \u221215.4% \n 4 CAOS Alpha Architect Tail Risk ETF Alpha Architect equity hedged 84 \u22120.15 \u22123.3% \n 3 FMF First Trust Managed Futures Strategy Fund First Trust systematic trend 82.3 +0.16 9.9% \n 5 TOAK Manager Directed Portfolios Twin Oak Short Horizon A Manager Directed Portfolios equity hedged 81.8 +0.12 \u22126.1% \n 4 FFUT Fidelity Managed Futures ETF Fidelity systematic trend 79.4 +0.09 13.6% \n 5 IMF Invesco Managed Futures Strategy ETF Invesco systematic trend 70.6 +0.38 13.0% \n 6 HEDG Equable Shares Hedged Equity ETF Equable Shares equity hedged 68.2 +0.87 15.8% \n 7 QBUL TrueShares Quarterly Bull Hedge ETF TrueShares equity hedged 68.2 +0.85 23.9% \n 6 DBMF iMGP DBi Managed Futures Strategy ETF iMGP systematic trend 67.6 +0.26 32.9% \n 8 HOLA JPMorgan International Hedged Equity Laddered Overla JPMorgan equity hedged 65.9 +0.69 36.9% \n 9 ATTR Arin Tactical Tail Risk ETF Arin equity hedged 62.5 +0.91 15.6% \n 7 HFMF Unlimited HFMF Managed Futures ETF Unlimited systematic trend 58.8 +0.18 56.2% \n 8 ASMF Virtus AlphaSimplex Managed Futures ETF Virtus systematic trend 53 +0.40 45.9% \n 9 ISMF iShares Managed Futures Active ETF iShares systematic trend 50 +0.48 35.9% \n 10 PHEQ Parametric Hedged Equity ETF Parametric equity hedged 50 +0.94 31.6% \n 11 KSPY KraneShares Hedgeye Hedged Equity Index ETF KraneShares equity hedged 47.8 +0.92 41.0% \n 12 SHDG Soundwatch Hedged Equity ETF Soundwatch equity hedged 47.7 +0.90 70.4% \n 10 WTMF WisdomTree Managed Futures Strategy Fund WisdomTree systematic trend 44.1 +0.62 34.4% \n 11 AHLT AHL Trend ETF American Beacon systematic trend 41.2 +0.47 81.7% \n 13 HELO JPMorgan Hedged Equity Laddered Overlay ETF JPMorgan equity hedged 38.7 +0.95 60.7% \n 12 RSBT Return Stacked Bonds & Managed Futures ETF Return Stacked systematic trend 38.2 +0.52 74.4% \n 14 HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF JPMorgan equity hedged 36.4 +0.88 96.6% \n 15 HEQT Simplify Hedged Equity ETF Simplify equity hedged 36.4 +0.97 54.2% \n 13 MFUT Cambria Chesapeake Pure Trend ETF Cambria systematic trend 29.4 +0.54 89.9% \n 16 HEGD Swan Hedged Equity US Large Cap ETF Swan equity hedged 26.1 +0.98 71.4% \n 17 QTR Global X NASDAQ 100 Tail Risk ETF Global X equity hedged 26.1 +0.91 167.0% \n 18 ZHDG ZEGA Buy and Hedge ETF Zega equity hedged 25 +0.96 85.6% \n 19 THEQ T. Rowe Price Hedged Equity ETF T. Rowe Price equity hedged 19.3 +0.99 72.3% \n 14 HOLD Harbor Alpha Layering ETF Harbor systematic trend 17.6 +0.66 120.5% \n 20 ACIO Aptus Collared Investment Opportunity ETF Aptus equity hedged 17.1 +0.99 84.3% \n 21 FHEQ Fidelity Hedged Equity ETF Fidelity equity hedged 17.1 +0.98 86.0% \n 15 PRAE PlanRock Equity Plus Alternatives ETF PlanRock systematic trend 14.7 +0.79 120.0% \n 16 TFPN Blueprint Chesapeake Multi-Asset Trend ETF Blueprint systematic trend 11.8 +0.75 123.6% \n 22 XTR Global X S&P 500 Tail Risk ETF Global X equity hedged 4.5 +1.00 100.0% \n 17 RSST Return Stacked U.S. Stocks & Managed Futures ETF Return Stacked systematic trend 2.9 +0.85 164.8% \n\n 39 funds scored.\n Not scored\n 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.\n ASGM one of 2 macro trading alternatives ETFs with a full year \n BTAL one of 2 equity market neutral alternatives ETFs with a full year \n CBLS one of 9 long-short equity alternatives ETFs with a full year \n CLSE one of 9 long-short equity alternatives ETFs with a full year \n CSM one of 9 long-short equity alternatives ETFs with a full year \n EHLS one of 9 long-short equity alternatives ETFs with a full year \n FFLS one of 9 long-short equity alternatives ETFs with a full year \n FLSP one of 7 multistrategy alternatives ETFs with a full year \n FTLS one of 9 long-short equity alternatives ETFs with a full year \n HDG one of 7 multistrategy alternatives ETFs with a full year \n HFEQ one of 9 long-short equity alternatives ETFs with a full year \n HFGM one of 2 macro trading alternatives ETFs with a full year \n HFND one of 7 multistrategy alternatives ETFs with a full year \n LALT one of 7 multistrategy alternatives ETFs with a full year \n LSEQ one of 9 long-short equity alternatives ETFs with a full year \n MKTN one of 2 equity market neutral alternatives ETFs with a full year \n MNA one of 3 event driven alternatives ETFs with a full year \n MRGR one of 3 event driven alternatives ETFs with a full year \n ORR one of 9 long-short equity alternatives ETFs with a full year \n QAI one of 7 multistrategy alternatives ETFs with a full year \n QALT one of 7 multistrategy alternatives ETFs with a full year \n QIS one of 7 multistrategy alternatives ETFs with a full year \n RSBA one of 3 event driven alternatives ETFs with a full year \n Where to next\n Buffer ETFs Income ETFs Thematic ETFs Leveraged ETFs Crypto ETFs Bond ETFs Every alternatives ETF Every alternatives ETF ranking Method \n Cite this page. ETFIQ, Alternatives ETFs ranked by the Stock Diversification Score, data as of Nov 4, 2026. https://etfiq.com/scores/alternatives/ 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 ranked by the Stock Diversification Score, data as of Nov 4, 2026. https://etfiq.com/scores/alternatives/ APA ETFIQ. (Nov 4, 2026). Alternatives ETFs ranked by the Stock Diversification Score. Retrieved from https://etfiq.com/scores/alternatives/ Markdown [Alternatives ETFs ranked by the Stock Diversification Score (ETFIQ, Nov 4, 2026)](https://etfiq.com/scores/alternatives/)","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 ranked by the Stock Diversification Score, data as of Nov 4, 2026. https://etfiq.com/scores/alternatives/"}