# Alternatives ETFs by Stock Diversification Score > Stock Diversification Score ranks all 39 alternatives ETFs ETFIQ scores on one question: How much does it diversify a stock portfolio? Data as of Nov 4, 2026. Rebuilt every trading night. Recomputed every trading night from the published data. As of Nov 4, 2026 . ## 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. How it is computed | # | 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% | 39 funds scored. ### 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. - ASGM one of 2 macro trading alternatives ETFs with a full year - BTAL one of 2 equity market neutral alternatives ETFs with a full year - CBLS one of 9 long-short equity alternatives ETFs with a full year - CLSE one of 9 long-short equity alternatives ETFs with a full year - CSM one of 9 long-short equity alternatives ETFs with a full year - EHLS one of 9 long-short equity alternatives ETFs with a full year - FFLS one of 9 long-short equity alternatives ETFs with a full year - FLSP one of 7 multistrategy alternatives ETFs with a full year - FTLS one of 9 long-short equity alternatives ETFs with a full year - HDG one of 7 multistrategy alternatives ETFs with a full year - HFEQ one of 9 long-short equity alternatives ETFs with a full year - HFGM one of 2 macro trading alternatives ETFs with a full year - HFND one of 7 multistrategy alternatives ETFs with a full year - LALT one of 7 multistrategy alternatives ETFs with a full year - LSEQ one of 9 long-short equity alternatives ETFs with a full year - MKTN one of 2 equity market neutral alternatives ETFs with a full year - MNA one of 3 event driven alternatives ETFs with a full year - MRGR one of 3 event driven alternatives ETFs with a full year - ORR one of 9 long-short equity alternatives ETFs with a full year - QAI one of 7 multistrategy alternatives ETFs with a full year - QALT one of 7 multistrategy alternatives ETFs with a full year - QIS one of 7 multistrategy alternatives ETFs with a full year - RSBA one of 3 event driven alternatives ETFs with a full year ### Where to next --- Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices. Cite: ETFIQ, Alternatives ETFs ranked by the Stock Diversification Score, data as of Nov 4, 2026. https://etfiq.com/scores/alternatives/ Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms. HTML: https://etfiq.com/scores/alternatives/