Hedge Funds ETF Overview

Hedge funds are private pools of capital organized in a limited partnership. They are associated with high risk and sophisticated strategies to realize large gains.

The most common hedge fund category is absolute-returns funds. These funds aim to reach a predetermined rate of return regardless of the market environment. Their role is not to replace equity exposure but to improve the risk/return profile of a portfolio.

Recently, several ETFs have started to mimic these hedge fund strategies. Hedge fund ETFs include funds in the following categories:

  • Broad-Based Hedge Fund Replication
  • Long/Short ETFs
  • Managed Futures ETFs
  • Merger Abitrage ETFs
  • Real Return Funds

With 40 ETFs traded in the U.S. markets, Hedge Funds ETFs gather total assets under management of $3.44B. The average expense ratio is 1.01%. Hedge Funds ETFs can be found in the following asset classes:

  • Alternatives

The largest Hedge Funds ETF is the IQ Merger Arbitrage ETF MNA with $985.15M in assets. In the last trailing year, the best performing Hedge Funds ETF was the BTAL at 14.80%. The most-recent ETF launched in the Hedge Funds space was the iM DBi Managed Futures Strategy ETF DBMF in 05/08/19.

TOP ETF PERFORMERS

BIKR Rogers AI Global Macro ETF 4.23%
BIKR Rogers AI Global Macro ETF 4.23%
MOM AGFiQ U.S. Market Neutral Momentum Fund 2.69%
MOM AGFiQ U.S. Market Neutral Momentum Fund 2.69%
GAA Cambria Global Asset Allocation ETF 2.44%

BOTTOM ETF PERFORMERS

WTMF WisdomTree Managed Futures Strategy Fund -4.04%
WTMF WisdomTree Managed Futures Strategy Fund -4.04%
CHEP AGFiQ U.S. Market Neutral Value Fund -3.80%
CHEP AGFiQ U.S. Market Neutral Value Fund -3.80%
DYLS WisdomTree Dynamic Long/Short U.S. Equity Fund -3.23%

TOP CREATIONS

BTAL AGFiQ U.S. Market Neutral Anti-Beta Fund 15.46
BTAL AGFiQ U.S. Market Neutral Anti-Beta Fund 15.46
DBMF iM DBi Managed Futures Strategy ETF 15.00
DBMF iM DBi Managed Futures Strategy ETF 15.00
DALT Anfield Capital Diversified Alternatives ETF 4.31

TOP REDEMPTIONS

QAI IQ Hedge Multi-Strategy Tracker ETF -51.06
QAI IQ Hedge Multi-Strategy Tracker ETF -51.06
JPHF JPMorgan Diversified Alternatives ETF -14.75
JPHF JPMorgan Diversified Alternatives ETF -14.75
FTLS First Trust Long/Short Equity ETF -9.86

AUM WINNERS

MOM AGFiQ U.S. Market Neutral Momentum Fund 52.81%
MOM AGFiQ U.S. Market Neutral Momentum Fund 52.81%
BTAL AGFiQ U.S. Market Neutral Anti-Beta Fund 21.99%
BTAL AGFiQ U.S. Market Neutral Anti-Beta Fund 21.99%
DALT Anfield Capital Diversified Alternatives ETF 5.67%

AUM LOSERS

BIKR Rogers AI Global Macro ETF -21.29%
BIKR Rogers AI Global Macro ETF -21.29%
DBMF iM DBi Managed Futures Strategy ETF -14.80%
DBMF iM DBi Managed Futures Strategy ETF -14.80%
RALS ProShares RAFI Long/Short ETF -12.34%

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