Long/Short & Market Neutral ETFs
28 US-listed ETFs in the Long/Short & Market Neutral category, from 23 issuers, with $6.1B in assets. The largest is First Trust Long/Short Equity ETF (FTLS) at $2.6B. The cheapest with at least $50M in assets is TOAK at 0.25%. The median fund charges 1.23%.
Net flows by month
through Jul 2026SEC filingsNet creations across these funds as reported in SEC filings. The most recent months only include funds that have filed for them; funds whose filing covers other share classes are left out.
View as a table
| Month | Creations | Redemptions | Net flow | Funds reporting |
|---|---|---|---|---|
| Jul 2026 | $157M | $116M | +$41M | 7 partial |
| Jun 2026 | $950M | $804M | +$146M | 18 partial |
| May 2026 | $198M | $105M | +$92M | 25 |
| Apr 2026 | $397M | $223M | +$174M | 25 |
| Mar 2026 | $544M | $503M | +$41M | 25 |
| Feb 2026 | $320M | $43M | +$276M | 25 |
| Jan 2026 | $303M | $51M | +$252M | 24 |
| Dec 2025 | $640M | $618M | +$22M | 23 |
| Nov 2025 | $154M | $81M | +$73M | 21 |
| Oct 2025 | $273M | $50M | +$224M | 21 |
| Sep 2025 | $81M | $77M | +$3.1M | 21 |
| Aug 2025 | $630M | $511M | +$119M | 21 |
| Jul 2025 | $108M | $173M | −$66M | 21 |
| Jun 2025 | $83M | $76M | +$7.5M | 19 |
| May 2025 | $846M | $941M | −$95M | 19 |
| Apr 2025 | $200M | $107M | +$93M | 19 |
| Mar 2025 | $164M | $110M | +$53M | 18 |
| Feb 2025 | $230M | $28M | +$202M | 18 |
| Jan 2025 | $220M | $164M | +$55M | 18 |
| Dec 2024 | $202M | $58M | +$143M | 17 |
| Nov 2024 | $477M | $458M | +$19M | 17 |
| Oct 2024 | $102M | $88M | +$13M | 16 |
| Sep 2024 | $293M | $125M | +$168M | 16 |
| Aug 2024 | $544M | $452M | +$92M | 16 |
| Jul 2024 | $177M | $61M | +$116M | 15 |
| Jun 2024 | $144M | $19M | +$125M | 15 |
| May 2024 | $694M | $648M | +$46M | 15 |
| Apr 2024 | $215M | $112M | +$103M | 15 |
| Mar 2024 | $705M | $631M | +$74M | 14 |
| Feb 2024 | $48M | $62M | −$15M | 14 |
| Jan 2024 | $83M | $50M | +$32M | 14 |
| Dec 2023 | $88M | $121M | −$33M | 14 |
| Nov 2023 | $83M | $42M | +$41M | 13 |
| Oct 2023 | $49M | $62M | −$13M | 12 |
| Sep 2023 | $69M | $28M | +$40M | 12 |
| Aug 2023 | $79M | $39M | +$40M | 12 |
All Long/Short & Market Neutral ETFs
| # | Fund | Issuer | Fee | Assets | YTD | 1Y | Yield | 3M flow | Score | Holdings as of |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | FTLSFirst Trust Long/Short Equity ETFActive | First Trust | 1.38% | $2.6B | +9.5% | +11.4% | 0.86% | +$152M | 61 | Apr 30, 2026 SEC |
| 2 | QAINYLIM Hedge Multi-Strategy Tracker ETF | New York Life | 0.88% | $1.0B | +7.9% | +7.0% | 1.39% | +$28M | 52 | Apr 30, 2026 SEC |
| 3 | CLSEConvergence Long/Short Equity ETFActive | Convergence | 1.52% | $997M | +25.9% | +33.2% | 0.76% | +$198M | 59 | May 31, 2026 SEC |
| 4 | ORRMilitia Long/Short Equity ETFActive | Militia | — | $348M | +12.8% | +22.6% | — | −$71M | 51 | May 29, 2026 SEC |
| 5 | BTALAGF U.S. Market Neutral Anti-Beta FundActive | AGF | 1.40% | $313M | −16.3% | −21.8% | 2.97% | −$51M | 55 | Jun 30, 2026 SEC |
| 6 | FAARFirst Trust Alternative Absolute Return Strategy ETFActive | First Trust | 0.98% | $235M | +20.7% | +7.0% | 9.29% | +$17M | 34 | Jun 30, 2026 SEC |
| 7 | MKTNFederated Hermes MDT Market Neutral ETFActive | Federated Hermes | 1.94% | $107M | +9.8% | +16.1% | 0.23% | +$25M | 37 | Jun 30, 2026 SEC |
| 8 | TOAKTwin Oak Short Horizon Absolute Return ETFActive | Twin Oak | 0.25% | $105M | +2.7% | +3.6% | — | +$11M | 41 | May 31, 2026 SEC |
| 9 | HDGEAdvisorShares Active Bear ETFActive | AdvisorShares | 3.62% | $61M | −4.4% | −6.3% | 3.65% | −$9.8M | 21 | Jun 30, 2026 SEC |
| 10 | EHLSEven Herd Long Short ETFActive | Even | 2.62% | $58M | +8.4% | +5.5% | — | −$1.1M | 30 | Jun 30, 2026 SEC |
| 11 | FFLSThe Future Fund Long/Short ETF | The Future | — | $46M | +0.8% | −5.9% | 6.53% | — | 14 | — |
| 12 | HDGProShares Hedge Replication ETF | ProShares | 0.95% | $22M | +4.8% | +5.3% | 2.29% | −$3.6M | 19 | Oct 9, 2026 issuer |
| 13 | HELSHedgeye 130/30 Equity ETF | Hedgeye | 0.70% | $22M | −0.4% | — | 0.02% | −$3.4M | 45 | Jul 31, 2026 SEC |
| 14 | HFDGA Core Plus Absolute Return ETF | DGA | 1.70% | $21M | +7.3% | +6.5% | 0.88% | −$24K | 18 | Apr 30, 2026 SEC |
| 15 | LBAYLeatherback Long/Short Alternative Yield ETFActive | Leatherback | 1.20% | $17M | +5.1% | +1.1% | 3.95% | −$625K | 25 | May 31, 2026 SEC |
| 16 | HFEQUnlimited HFEQ Equity Long/Short ETFActive | Unlimited | 0.96% | $16M | +11.8% | +0.5% | 9.44% | −$3.0M | 24 | May 31, 2026 SEC |
| 17 | LSEQHarbor Long-Short Equity ETFActive | Harbor | 2.28% | $16M | +24.0% | +24.2% | 1.78% | +$58K | 26 | Apr 30, 2026 SEC |
| 18 | FARXFrontier Asset Absolute Return ETFActive | Frontier | 0.95% | $16M | +12.0% | +11.9% | 2.69% | $0 | 21 | Apr 30, 2026 SEC |
| 19 | NTRLFirst Trust Equity Market Neutral ETFActive | First Trust | 0.95% | $14M | — | — | 5.62% | −$9.4M | 29 | Apr 30, 2026 SEC |
| 20 | SHRTGotham Short Strategies ETFActive | Gotham | 1.35% | $12M | −11.0% | −8.4% | 0.08% | −$1.1M | 28 | Jun 30, 2026 SEC |
| 21 | WTLSWisdomTree Efficient Long/Short U.S. Equity FundActive | WisdomTree | 0.88% | $12M | — | — | — | −$4.4M | 23 | Jun 30, 2026 SEC |
| 22 | DWSHAdvisorShares Dorsey Wright Short ETFActive | AdvisorShares | 6.22% | $8.7M | −8.8% | −13.2% | 6.99% | +$1.7M | 7 | Jun 30, 2026 SEC |
| 23 | RNMNRiverNorth Market Neutral ETFActive | RiverNorth | 0.89% | $7.1M | — | — | — | +$1.0M | 35 | Jun 30, 2026 SEC |
| 24 | AINTFINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF | FINQ | 1.25% | $6.5M | — | — | — | +$2.8M | 16 | Jun 30, 2026 SEC |
| 25 | CLIXProShares Long Online/Short Stores ETF | ProShares | 0.65% | $6.2M | −2.8% | −4.0% | 0.47% | $0 | 34 | Oct 9, 2026 issuer |
| 26 | NLSINEOS Long/Short Equity Income ETFActive | NEOS | 2.89% | $4.6M | +15.1% | — | 3.83% | +$2.1M | 13 | Jun 30, 2026 SEC |
| 27 | DBARiMGP DBi Absolute Return ETF | iMGP | — | — | — | — | — | — | — | — |
| 28 | WSLSWisdomTree Efficient Long/Short U.S. SmallCap Equity Fund | WisdomTree | — | — | — | — | — | — | — | — |
Sorted by assets; click a column to re-sort. 3M flow is each fund's latest three reported months. Returns are price returns and exclude distributions.
Other Alternative categories
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.