Top performing · Asset class · ranked by 1-year total return

Top-performing Alternatives ETFs

There are 29 US-listed alternatives ETFs, with $14.05B in combined net assets.

Over the year to Oct 27, 2026, the best performer among funds with at least $25 million in assets was PFIX (+34.0%); the median fund returned +8.7%.

Expense ratios run from 0.3% to 1.89% a year (median 0.86%).

The 10 top performers

Top-performing Alternatives ETFs
# Fund 30 daysNet assetsCostYield1 moYTD1 yr3 yr5 yr
1 PFIX Simplify Interest Rate Hedge ETF $175.8M0.53%6.66%-5.3%+17.7%+34.0%+3.9%+24.9%
2 CLSE Convergence Long/Short Equity ETF $900.5M1.52%0.77%-1.4%+22.9%+27.4%+29.4%—
3 RLY SPDR SSgA Multi-Asset Real Return ETF $1.16B0.5%2.9%+1.3%+19.9%+23.4%+16.0%+10.3%
4 DBMF iMGP DBi Managed Futures Strategy ETF $3.89B0.85%4.85%+1.4%+18.4%+21.2%+10.1%+9.0%
5 KMLM KFA Mount Lucas Managed Futures Index Strategy ETF $297.9M0.9%4.24%-0.8%+18.1%+19.1%0.0%+4.7%
6 HTUS Capitol Series Trust Hull Tactical US ETF $156.2M0.96%10.27%0.0%+15.7%+17.8%+27.0%+14.8%
7 CTA Simplify Managed Futures Strategy ETF $1.49B0.86%5.53%+3.5%+14.7%+16.7%+10.8%—
8 WTMF WisdomTree Managed Futures Strategy Fund $260.7M0.66%10%+1.8%+11.8%+12.8%+11.0%+6.8%
9 FMF First Trust Managed Futures Strategy Fund $272.3M0.98%4.77%0.0%+12.4%+12.4%+6.7%+5.3%
10 FLSP Franklin Systematic Style Premia ETF $946.4M0.65%2.46%+0.3%+7.2%+12.0%+11.1%+8.4%

Funds with less than $25 million in net assets and leveraged or inverse funds are left out of the ranking. Returns are total returns with distributions reinvested (3 and 5 years annualized), as of Oct 27, 2026.

How the top 5 compare

    Growth of each fund’s value from the start of the range, distributions reinvested. The dashed gray line is the S&P 500 (SPY).

    All 29 Alternatives ETFs

    Largest first. Click a heading to sort.

    All Alternatives ETFs
    Fund IssuerNet assetsCostYieldYTD1 yr5 yr
    DBMF iMGP DBi Managed Futures Strategy ETF iM Global Partner US LLC$3.89B0.85%4.85%+18.4%+21.2%+9.0%
    FTLS First Trust Long/Short Equity ETF First Trust$2.49B1.38%0.85%+9.5%+10.3%+10.2%
    CTA Simplify Managed Futures Strategy ETF Simplify$1.49B0.86%5.53%+14.7%+16.7%—
    RLY SPDR SSgA Multi-Asset Real Return ETF SPDR (State Street)$1.16B0.5%2.9%+19.9%+23.4%+10.3%
    QAI NYLI Hedge Multi-Strategy Tracker ETF New York Life$1.01B0.81%1.4%+6.7%+6.6%+4.2%
    FLSP Franklin Systematic Style Premia ETF Franklin Templeton$946.4M0.65%2.46%+7.2%+12.0%+8.4%
    CLSE Convergence Long/Short Equity ETF Convergence Investment Partners, LLC$900.5M1.52%0.77%+22.9%+27.4%—
    KMLM KFA Mount Lucas Managed Futures Index Strategy ETF KraneShares$297.9M0.9%4.24%+18.1%+19.1%+4.7%
    BTAL AGF U.S. Market Neutral Anti-Beta Fund AGF$282.9M1.25%2.77%-9.7%-10.1%-2.4%
    FMF First Trust Managed Futures Strategy Fund First Trust$272.3M0.98%4.77%+12.4%+12.4%+5.3%
    WTMF WisdomTree Managed Futures Strategy Fund WisdomTree$260.7M0.66%10%+11.8%+12.8%+6.8%
    MNA NYLI Merger Arbitrage ETF New York Life$251.5M0.78%0%+2.8%+2.6%+2.5%
    PFIX Simplify Interest Rate Hedge ETF Simplify$175.8M0.53%6.66%+17.7%+34.0%+24.9%
    HTUS Capitol Series Trust Hull Tactical US ETF Hull Investments LLC$156.2M0.96%10.27%+15.7%+17.8%+14.8%
    VAMO Cambria Value & Momentum ETF Cambria$108.7M0.65%0.69%+6.3%+8.4%+9.2%
    UPAR UPAR Ultra Risk Parity ETF Tidal Financial Group$59.2M0.68%3.36%+2.9%+2.0%—
    CBLS Hedged Equity ETF Clough CGI$55.6M1.89%0.83%+10.1%+8.0%+3.6%
    ARB AltShares Merger Arbitrage ETF Water Island Capital$51.1M0.82%0.43%+2.9%+3.3%+4.1%
    EVNT AltShares Event-Driven ETF Water Island Capital$51.1M1.27%4.48%+6.5%+8.7%+5.1%
    MARB First Trust Merger Arbitrage ETF First Trust$33.9M1.74%0.62%+1.8%+4.2%+3.1%
    HDG ProShares Hedge Replication ETF ProShares$22.2M0.95%2.29%+5.9%+5.9%+3.1%
    FORH Formidable ETF Formidable Asset Management$19.7M1.19%1.88%-2.6%-11.1%+1.1%
    LBAY Leatherback Long/Short Alternative Yield ETF Tidal Financial Group$18.6M1.2%3.62%+15.2%+14.7%+6.7%
    RINF ProShares Inflation Expectations ETF ProShares$18.0M0.3%3.29%+3.3%+4.1%+4.7%
    MRGR Proshares Merger ETF ProShares$15.9M0.75%2.69%+2.5%+5.4%+3.9%

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