Alternative ETFs
90 US-listed ETFs in the Alternative group, from 61 issuers, with $25.8B in assets. The largest is iShares Systematic Alternatives Active ETF (IALT) at $5.3B. The cheapest with at least $50M in assets is CTAP at 0.10%. The median fund charges 0.95%.
Funds
90
61 issuers
Assets
$25.8B
Median fee
0.95%
0.10% to 6.53%
Median 1-year return
+5.3%
price return
Net flows, May 2026
+$1.9B
from SEC filings
Best 1-year return
+33.2%
CLSE, $50M+ in assets
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 | $659M | $132M | +$527M | 26 partial |
| Jun 2026 | $1.8B | $1.4B | +$382M | 60 partial |
| May 2026 | $2.2B | $376M | +$1.9B | 80 |
| Apr 2026 | $1.7B | $596M | +$1.1B | 79 |
| Mar 2026 | $1.8B | $1.0B | +$752M | 79 |
| Feb 2026 | $1.6B | $1.6B | +$25M | 79 |
| Jan 2026 | $1.4B | $280M | +$1.2B | 78 |
| Dec 2025 | $2.5B | $1.3B | +$1.2B | 76 |
| Nov 2025 | $473M | $263M | +$211M | 73 |
| Oct 2025 | $1.1B | $496M | +$596M | 73 |
| Sep 2025 | $620M | $416M | +$204M | 68 |
| Aug 2025 | $1.1B | $883M | +$243M | 65 |
| Jul 2025 | $678M | $403M | +$275M | 64 |
| Jun 2025 | $316M | $415M | −$99M | 60 |
| May 2025 | $1.2B | $1.2B | −$34M | 58 |
| Apr 2025 | $839M | $393M | +$446M | 58 |
| Mar 2025 | $823M | $573M | +$250M | 56 |
| Feb 2025 | $704M | $293M | +$411M | 54 |
| Jan 2025 | $939M | $550M | +$389M | 53 |
| Dec 2024 | $916M | $487M | +$429M | 51 |
| Nov 2024 | $751M | $575M | +$177M | 51 |
| Oct 2024 | $382M | $298M | +$84M | 50 |
| Sep 2024 | $1.0B | $452M | +$585M | 50 |
| Aug 2024 | $1.1B | $767M | +$362M | 50 |
| Jul 2024 | $905M | $148M | +$757M | 49 |
| Jun 2024 | $357M | $146M | +$211M | 48 |
| May 2024 | $882M | $704M | +$178M | 48 |
| Apr 2024 | $475M | $231M | +$244M | 46 |
| Mar 2024 | $974M | $707M | +$267M | 45 |
| Feb 2024 | $224M | $156M | +$68M | 45 |
| Jan 2024 | $246M | $176M | +$70M | 45 |
| Dec 2023 | $272M | $391M | −$119M | 44 |
| Nov 2023 | $327M | $401M | −$75M | 43 |
| Oct 2023 | $245M | $276M | −$31M | 41 |
| Sep 2023 | $379M | $92M | +$288M | 40 |
| Aug 2023 | $289M | $114M | +$175M | 40 |
All Alternative ETFs
| # | Fund | Category | Fee | Assets | YTD | 1Y | Yield | 3M flow | Score | Holdings as of |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | IALTiShares Systematic Alternatives Active ETFActive | Multi-Strategy | 0.99% | $5.3B | +18.9% | — | 0.38% | +$822M | 75 | Jul 31, 2026 SEC |
| 2 | DBMFiMGP DBi Managed Futures Strategy ETFActive | Managed Futures | 0.85% | $3.9B | +18.1% | +16.2% | 4.78% | +$539M | 65 | Jun 30, 2026 SEC |
| 3 | FTLSFirst Trust Long/Short Equity ETFActive | Long/Short & Market Neutral | 1.38% | $2.6B | +9.5% | +11.4% | 0.86% | +$152M | 61 | Apr 30, 2026 SEC |
| 4 | XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETFActive | Multi-Strategy | 1.81% | $1.5B | +10.1% | +3.5% | — | +$1.4B | 49 | Jun 30, 2026 SEC |
| 5 | CTASimplify Managed Futures Strategy ETFActive | Managed Futures | 0.75% | $1.4B | +7.1% | +2.4% | 5.21% | +$232M | 61 | Jun 30, 2026 SEC |
| 6 | QAINYLIM Hedge Multi-Strategy Tracker ETF | Long/Short & Market Neutral | 0.88% | $1.0B | +7.9% | +7.0% | 1.39% | +$28M | 52 | Apr 30, 2026 SEC |
| 7 | CLSEConvergence Long/Short Equity ETFActive | Long/Short & Market Neutral | 1.52% | $997M | +25.9% | +33.2% | 0.76% | +$198M | 59 | May 31, 2026 SEC |
| 8 | PCEFInvesco CEF Income Composite ETF | Multi-Strategy | 2.71% | $780M | −1.6% | −3.1% | 7.69% | +$2.0M | 46 | Oct 8, 2026 issuer |
| 9 | CAOSAlpha Architect Tail Risk ETF | Tail Risk & Volatility Strategies | 0.63% | $695M | +1.5% | +1.7% | — | +$41M | 54 | Jun 30, 2026 SEC |
| 10 | KMLMKraneShares Mount Lucas Managed Futures Index Strategy ETF | Managed Futures | 0.90% | $560M | +19.5% | +15.4% | 4.20% | +$35M | 53 | Jun 30, 2026 SEC |
| 11 | SVOLSimplify Volatility Premium ETFActive | Tail Risk & Volatility Strategies | 0.66% | $526M | −5.1% | −8.0% | 20.76% | −$62M | 54 | Jun 30, 2026 SEC |
| 12 | CEFSSaba Opportunistically Hedged Closed-End Funds ETFActive | Multi-Strategy | 2.61% | $432M | +6.6% | +7.0% | 7.79% | +$2.8M | 36 | May 31, 2026 SEC |
| 13 | LALTFirst Trust Multi-Strategy Alternative ETFActive | Multi-Strategy | 1.18% | $394M | +9.4% | +8.7% | 3.94% | +$20M | 38 | May 31, 2026 SEC |
| 14 | ORRMilitia Long/Short Equity ETFActive | Long/Short & Market Neutral | — | $348M | +12.8% | +22.6% | — | −$71M | 51 | May 29, 2026 SEC |
| 15 | FFUTFidelity Managed Futures ETFActive | Managed Futures | 0.80% | $329M | +21.5% | +22.7% | 1.72% | +$69M | 44 | Jul 31, 2026 SEC |
| 16 | BTALAGF U.S. Market Neutral Anti-Beta FundActive | Long/Short & Market Neutral | 1.40% | $313M | −16.3% | −21.8% | 2.97% | −$51M | 55 | Jun 30, 2026 SEC |
| 17 | IMFInvesco Managed Futures Strategy ETFActive | Managed Futures | 0.65% | $301M | +16.5% | +19.0% | 0.87% | +$19M | 45 | Oct 8, 2026 issuer |
| 18 | FMFFirst Trust Managed Futures Strategy FundActive | Managed Futures | 0.98% | $290M | +11.9% | +6.8% | 4.72% | +$23M | 35 | Jun 30, 2026 SEC |
| 19 | WTMFWisdomTree Managed Futures Strategy FundActive | Managed Futures | 0.66% | $283M | +12.0% | +10.4% | 2.72% | +$12M | 48 | May 31, 2026 SEC |
| 20 | MNANYLIM Merger Arbitrage ETF | Merger Arbitrage & Event | 0.77% | $265M | +2.8% | +2.7% | — | +$1.8M | 59 | Apr 30, 2026 SEC |
| 21 | FCTESMI 3Fourteen Full-Cycle Trend ETFActive | Managed Futures | 0.85% | $245M | +20.2% | +13.5% | 0.07% | −$6.6M | 46 | Jun 30, 2026 SEC |
| 22 | FAARFirst Trust Alternative Absolute Return Strategy ETFActive | Long/Short & Market Neutral | 0.98% | $235M | +20.7% | +7.0% | 9.29% | +$17M | 34 | Jun 30, 2026 SEC |
| 23 | GPZVanEck Alternative Asset Manager ETF | Multi-Strategy | 0.40% | $224M | −20.3% | −19.7% | 1.04% | +$49M | 62 | Jun 30, 2026 SEC |
| 24 | PSPInvesco Global Listed Private Equity ETF | Multi-Strategy | 1.80% | $214M | −15.8% | −18.0% | 5.56% | −$15M | 39 | Oct 8, 2026 issuer |
| 25 | QALTSEI DBi Multi-Strategy Alternative ETFActive | Multi-Strategy | 0.80% | $194M | +5.9% | +2.0% | 6.65% | −$34K | 45 | Jun 30, 2026 SEC |
| 26 | AHLTAmerican Beacon AHL Trend ETFActive | Managed Futures | 0.96% | $187M | +19.6% | +23.6% | 1.42% | +$82M | 37 | Jul 31, 2026 SEC |
| 27 | CTAPSimplify US Equity PLUS Managed Futures Strategy ETFActive | Managed Futures | 0.10% | $163M | +18.4% | — | 2.64% | +$48M | 49 | Jun 30, 2026 SEC |
| 28 | TFPNBlueprint Chesapeake Multi-Asset Trend ETFActive | Managed Futures | 1.96% | $161M | +17.6% | +19.5% | — | +$11M | 36 | Jun 30, 2026 SEC |
| 29 | DUNKDana Unconstrained Equity ETF | Multi-Strategy | 0.75% | $153M | +20.2% | +14.3% | — | +$3.3M | 42 | May 31, 2026 SEC |
| 30 | TAILCambria Tail Risk ETFActive | Tail Risk & Volatility Strategies | 0.59% | $147M | −15.1% | −17.5% | 3.57% | −$2.7M | 48 | Apr 30, 2026 SEC |
| 31 | MKTNFederated Hermes MDT Market Neutral ETFActive | Long/Short & Market Neutral | 1.94% | $107M | +9.8% | +16.1% | 0.23% | +$25M | 37 | Jun 30, 2026 SEC |
| 32 | TOAKTwin Oak Short Horizon Absolute Return ETFActive | Long/Short & Market Neutral | 0.25% | $105M | +2.7% | +3.6% | — | +$11M | 41 | May 31, 2026 SEC |
| 33 | ATTRArin Tactical Tail Risk ETF | Tail Risk & Volatility Strategies | 0.63% | $96M | +6.9% | — | — | +$2.8M | 36 | Jun 30, 2026 SEC |
| 34 | SPYCSimplify US Equity PLUS Convexity ETFActive | Tail Risk & Volatility Strategies | 0.53% | $84M | +8.8% | +7.5% | 1.07% | +$7.7M | 46 | Jun 30, 2026 SEC |
| 35 | MFUTCambria Chesapeake Pure Trend ETFActive | Managed Futures | 1.18% | $73M | +22.0% | +25.9% | — | +$7.8M | 34 | Jun 30, 2026 SEC |
| 36 | WCAPWarCap Unconstrained Equity ETF | Multi-Strategy | 1.00% | $61M | −4.0% | −5.0% | 0.04% | −$71K | 28 | Jul 31, 2026 SEC |
| 37 | HDGEAdvisorShares Active Bear ETFActive | Long/Short & Market Neutral | 3.62% | $61M | −4.4% | −6.3% | 3.65% | −$9.8M | 21 | Jun 30, 2026 SEC |
| 38 | ISMFiShares Managed Futures Active ETFActive | Managed Futures | 0.80% | $60M | +10.7% | +8.7% | 5.63% | +$3.9M | 44 | Jul 31, 2026 SEC |
| 39 | EHLSEven Herd Long Short ETFActive | Long/Short & Market Neutral | 2.62% | $58M | +8.4% | +5.5% | — | −$1.1M | 30 | Jun 30, 2026 SEC |
| 40 | KWINKraneShares Wahed Alternative Income Index ETF | Multi-Strategy | 0.51% | $56M | +2.6% | — | — | +$10M | 46 | Jun 30, 2026 SEC |
| 41 | THMZLazard Equity Megatrends ETFActive | Managed Futures | 0.50% | $54M | +6.1% | +7.2% | 0.39% | +$811K | 49 | Jun 30, 2026 SEC |
| 42 | QISSimplify Multi-QIS Alternative ETFActive | Multi-Strategy | 1.21% | $51M | −25.1% | −41.5% | 5.33% | −$804K | 19 | Jun 30, 2026 SEC |
| 43 | FFLSThe Future Fund Long/Short ETF | Long/Short & Market Neutral | — | $46M | +0.8% | −5.9% | 6.53% | — | 14 | — |
| 44 | GLDBIDX Alternative FIAT ETFActive | Multi-Strategy | 0.96% | $45M | −8.4% | — | 0.21% | −$4.0M | 22 | Apr 30, 2026 SEC |
| 45 | HFNDUnlimited HFND Multi-Strategy Return Tracker ETFActive | Multi-Strategy | 1.07% | $38M | +6.6% | +0.5% | 4.76% | +$250K | 28 | May 31, 2026 SEC |
| 46 | CCEFCalamos CEF Income & Arbitrage ETFActive | Merger Arbitrage & Event | 3.19% | $34M | −0.7% | −1.4% | 8.29% | +$2.2M | 20 | Jul 31, 2026 SEC |
| 47 | ASMFVirtus AlphaSimplex Managed Futures ETFActive | Managed Futures | 0.80% | $34M | +15.1% | +15.9% | 0.19% | −$1.3M | 37 | Jul 31, 2026 SEC |
| 48 | JPFPJPMorgan Managed Futures Plus ETF | Managed Futures | — | $33M | — | — | — | +$33M | 28 | Jul 31, 2026 SEC |
| 49 | SDMFSimplify DBi CTA Managed Futures Index ETFActive | Managed Futures | 0.35% | $31M | — | — | 0.72% | +$27M | 40 | Jun 30, 2026 SEC |
| 50 | GTPEGoldman Sachs MSCI World Private Equity Return Tracker ETF | Multi-Strategy | 0.50% | $30M | +18.1% | — | — | +$880 | 55 | May 31, 2026 SEC |
| 51 | SPITF/m Emerald Special Situations ETFActive | Merger Arbitrage & Event | 0.89% | $29M | +19.2% | +17.4% | 6.03% | +$4.0M | 36 | Apr 30, 2026 SEC |
| 52 | LFEQVanEck Long/Flat Trend ETF | Managed Futures | 0.58% | $28M | +14.5% | +15.3% | 0.79% | −$1.5M | 33 | Oct 8, 2026 issuer |
| 53 | CCORCore Alternative CapitalActive | Multi-Strategy | 1.29% | $25M | −3.1% | −3.7% | 0.98% | −$2K | 26 | Jul 31, 2026 SEC |
| 54 | HFMFUnlimited HFMF Managed Futures ETFActive | Managed Futures | 0.97% | $23M | +8.1% | +5.3% | 2.75% | +$5.0M | 17 | May 31, 2026 SEC |
| 55 | HDGProShares Hedge Replication ETF | Long/Short & Market Neutral | 0.95% | $22M | +4.8% | +5.3% | 2.29% | −$3.6M | 19 | Oct 9, 2026 issuer |
| 56 | HELSHedgeye 130/30 Equity ETF | Long/Short & Market Neutral | 0.70% | $22M | −0.4% | — | 0.02% | −$3.4M | 45 | Jul 31, 2026 SEC |
| 57 | STRNSMART Trend 25 ETFActive | Managed Futures | 0.59% | $22M | +26.4% | +24.4% | 0.15% | +$4.6M | 39 | Jun 30, 2026 SEC |
| 58 | HFDGA Core Plus Absolute Return ETF | Long/Short & Market Neutral | 1.70% | $21M | +7.3% | +6.5% | 0.88% | −$24K | 18 | Apr 30, 2026 SEC |
| 59 | ZVOLVolatility Premium Plus ETFActive | Tail Risk & Volatility Strategies | 1.42% | $20M | −28.5% | −34.1% | 74.71% | +$1.6M | 17 | May 31, 2026 SEC |
| 60 | RSMVRelative Strength Managed Volatility Strategy ETFActive | Tail Risk & Volatility Strategies | 0.95% | $19M | +6.8% | +8.9% | 0.94% | −$7.9M | 23 | Jun 30, 2026 SEC |
| 61 | RINFProShares Inflation Expectations ETF | Tail Risk & Volatility Strategies | 0.30% | $19M | +1.2% | +0.1% | 3.32% | +$627K | 37 | Oct 9, 2026 issuer |
| 62 | LBAYLeatherback Long/Short Alternative Yield ETFActive | Long/Short & Market Neutral | 1.20% | $17M | +5.1% | +1.1% | 3.95% | −$625K | 25 | May 31, 2026 SEC |
| 63 | HFEQUnlimited HFEQ Equity Long/Short ETFActive | Long/Short & Market Neutral | 0.96% | $16M | +11.8% | +0.5% | 9.44% | −$3.0M | 24 | May 31, 2026 SEC |
| 64 | LSEQHarbor Long-Short Equity ETFActive | Long/Short & Market Neutral | 2.28% | $16M | +24.0% | +24.2% | 1.78% | +$58K | 26 | Apr 30, 2026 SEC |
| 65 | FARXFrontier Asset Absolute Return ETFActive | Long/Short & Market Neutral | 0.95% | $16M | +12.0% | +11.9% | 2.69% | $0 | 21 | Apr 30, 2026 SEC |
| 66 | MRGRProShares Merger ETF | Merger Arbitrage & Event | 0.75% | $16M | +2.0% | +4.5% | 2.69% | $0 | 34 | Oct 9, 2026 issuer |
| 67 | NTRLFirst Trust Equity Market Neutral ETFActive | Long/Short & Market Neutral | 0.95% | $14M | — | — | 5.62% | −$9.4M | 29 | Apr 30, 2026 SEC |
| 68 | PRAEPlanRock Equity Plus Alternatives ETFActive | Multi-Strategy | 1.49% | $14M | +15.4% | +15.8% | 0.46% | +$1.2M | 13 | Jun 30, 2026 SEC |
| 69 | SHRTGotham Short Strategies ETFActive | Long/Short & Market Neutral | 1.35% | $12M | −11.0% | −8.4% | 0.08% | −$1.1M | 28 | Jun 30, 2026 SEC |
| 70 | WTLSWisdomTree Efficient Long/Short U.S. Equity FundActive | Long/Short & Market Neutral | 0.88% | $12M | — | — | — | −$4.4M | 23 | Jun 30, 2026 SEC |
| 71 | QTRGlobal X NASDAQ 100 Tail Risk ETF | Tail Risk & Volatility Strategies | 0.25% | $11M | +15.8% | −2.5% | 16.11% | +$4.6M | 47 | Oct 9, 2026 issuer |
| 72 | PEXProShares Global Listed Private Equity ETF | Multi-Strategy | 2.95% | $10M | −10.5% | −15.1% | 5.80% | +$645K | 11 | Oct 9, 2026 issuer |
| 73 | SPAQHorizon Kinetics SPAC Active ETFActive | Merger Arbitrage & Event | 0.85% | $10.0M | +2.5% | −11.3% | 16.29% | $0 | 32 | Jun 30, 2026 SEC |
| 74 | DWSHAdvisorShares Dorsey Wright Short ETFActive | Long/Short & Market Neutral | 6.22% | $8.7M | −8.8% | −13.2% | 6.99% | +$1.7M | 7 | Jun 30, 2026 SEC |
| 75 | SPCKThe SPAC and New Issue ETF | Merger Arbitrage & Event | — | $8.1M | — | — | — | — | 0 | — |
| 76 | RNMNRiverNorth Market Neutral ETFActive | Long/Short & Market Neutral | 0.89% | $7.1M | — | — | — | +$1.0M | 35 | Jun 30, 2026 SEC |
| 77 | AINTFINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF | Long/Short & Market Neutral | 1.25% | $6.5M | — | — | — | +$2.8M | 16 | Jun 30, 2026 SEC |
| 78 | LBOWHITEWOLF Publicly Listed Private Equity ETFActive | Multi-Strategy | 6.53% | $6.2M | −16.9% | −15.0% | 6.54% | −$1.3M | 8 | Jul 31, 2026 SEC |
| 79 | CLIXProShares Long Online/Short Stores ETF | Long/Short & Market Neutral | 0.65% | $6.2M | −2.8% | −4.0% | 0.47% | $0 | 34 | Oct 9, 2026 issuer |
| 80 | XTRGlobal X S&P 500 Tail Risk ETF | Tail Risk & Volatility Strategies | 0.25% | $5.0M | +10.9% | −4.6% | 15.99% | +$1.1M | 48 | Oct 9, 2026 issuer |
| 81 | NLSINEOS Long/Short Equity Income ETFActive | Long/Short & Market Neutral | 2.89% | $4.6M | +15.1% | — | 3.83% | +$2.1M | 13 | Jun 30, 2026 SEC |
| 82 | PEVCPacer PE/VC ETF | Multi-Strategy | 0.85% | $2.6M | +17.0% | +13.3% | 3.95% | $0 | 37 | Apr 30, 2026 SEC |
| 83 | ARBAltShares Merger Arbitrage ETF | Merger Arbitrage & Event | — | — | +3.4% | +3.4% | 0.42% | — | — | — |
| 84 | BTABeacon Tactical Alternatives Risk ETF | Multi-Strategy | — | — | +176.3% | — | 0.96% | — | — | — |
| 85 | DBARiMGP DBi Absolute Return ETF | Long/Short & Market Neutral | — | — | — | — | — | — | — | — |
| 86 | EVNTAltShares Event-Driven ETF | Merger Arbitrage & Event | — | — | +6.3% | +3.9% | 4.50% | — | — | — |
| 87 | HXFMast HedgeIndex Managed Futures Strategy ETF | Managed Futures | 0.80% | — | — | — | — | — | 41 | — |
| 88 | MATEMan Active Trend Enhanced ETFActive | Managed Futures | — | — | +30.0% | — | — | — | — | — |
| 89 | MEMAMan Active Emerging Markets Alternative ETFActive | Multi-Strategy | — | — | +21.6% | — | 0.28% | — | — | — |
| 90 | WSLSWisdomTree Efficient Long/Short U.S. SmallCap Equity Fund | Long/Short & Market Neutral | — | — | — | — | — | — | — | — |
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.
Categories in Alternative
Multi-Strategy22Managed Futures22Long/Short & Market Neutral28Tail Risk & Volatility Strategies10Merger Arbitrage & Event8
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.