2026 ETF.com Award Nominees: Multi-Asset

The Multi-Asset ETF category saw 45 new launches in 2025, accumulating $5.0B in first-year assets. The category held 171 funds by year's end with $36.5B in total assets.

This year’s field ranges from Ray Dalio’s first-ever ETF to macro-driven allocation strategies to inflation-focused portfolios. The common thread: genuine attempts to solve allocation problems, not just asset class bundles.

ETF.com
Jan 13, 2026
Edited by: ETF.com Staff
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The Nominees

TickerFund NameAUMYTD FlowsER
ALLWSPDR Bridgewater All Weather ETF$678M$579M0.85%
HECAHedgeye Capital Allocation ETF$142M$139M1.02%
RAASMI 3Fourteen REAL Asset Allocation ETF$511M$453M0.85%
MDAAMyriad Dynamic Asset Allocation ETF$379M$381M0.97%
WTIPWisdomTree Inflation Plus Fund$3M$2M0.65%

ALLW - SPDR Bridgewater All Weather ETF

Launched: March 2025 | ER: 0.85% | AUM: $678M | Issuer: State Street / Bridgewater

Investment Strategy: ALLW follows an active risk parity strategy targeting four economic regimes: rising growth, falling growth, rising inflation, falling inflation. It uses leverage to achieve balanced risk contribution across equities, bonds, and commodities.

  • Merit: Very High - Bridgewater’s flagship strategy democratized
  • Position: First-mover in a category of one.
  • Utility: Excellent - “Ray Dalio’s portfolio” needs no explanation
  • Power: Very High - All Weather has a 30-year track record

Why it’s nominated: In some ways, this brand-new ETF is the OG multi-asset strategy. Bridgewater’s All Weather approach has been studied, copied, and debated since the first version of the strategy launched in 1996. Now in an ETF, the $678M in first-year AUM proves investors were waiting. When the world’s largest hedge fund opens its flagship strategy to retail, that’s category-defining.


HECA - Hedgeye Capital Allocation ETF

Launched: June 2025 | ER: 1.02% | AUM: $142M | Issuer: Hedgeye

Investment Strategy: HECA seeks long-term capital appreciation while also limiting drawdowns greater than 15% for the fund's NAV. The fund follows their proprietary "Quad" framework to position across equities, fixed income, and alternatives based on growth and inflation regime signals.

  • Merit: High - Hedgeye macro framework has a following
  • Position: Unique research-driven allocation approach
  • Utility: Good - “Hedgeye in an ETF” resonates with followers
  • Power: Moderate - The "Quad" framework has its good and bad periods

Why it’s nominated: Hedgeye has built a huge online following for their macro research and regime-based framework, with a steady stream of video and written content articulating their positioning. HECA translates that into an investable product. For investors who follow Hedgeye’s work, this is the way to implement those views systematically.


RAA - SMI 3Fourteen REAL Asset Allocation ETF

Launched: February 2025 | ER: 0.85% | AUM: $511M | Issuer: SMI

Investment Strategy: RAA seeks long-term capital appreciation through its investment across stocks, bonds and alternatives. The strategy relies on 3Fourteen's proprietary security selection process that includes monthly trend analysis. 

  • Merit: Good- it's genuinely active, with real positioning bets
  • Position: Growing category for one-ticker portfolios
  • Utility: Good - Trend + Machine Learning is a solid story
  • Power: Good - Broad holdings and a modern approach

Why it’s nominated: Most multi-asset funds are fairly straightforward ETFs using other ETFS as building blocks.  RAA does some of that too, but the portfolio is extremely diverse featuring single stocks, crypto, emerging markets, precious metals and international bonds. RAA takes the well respected research of 3Fourteen's Warren Pies and puts him in the portfolio manager seat, running an ETF focused on broad allocations to stocks, bonds and alternatives using trend and machine learning signals. First year flows of $511M suggests they've found a market for being different. 


MDAA - Myriad Dynamic Asset Allocation ETF

Launched: October 2025 | ER: 0.97% | AUM: $379M | Issuer: Myriad

Investment Strategy: MDAA's goal is simple: to outperform traditional portfolios as represented by the Bloomberg World EQ: 60:40 index. Myriad's first ETF, MDAA, allocates across Global stocks and bonds, FX, Credit and uses index options intermittently. 

  • Merit: High - Dynamic approach to allocation
  • Position: Part of a growing tactical allocation category
  • Utility: Good - “Dynamic allocation” appeals to the active-minded
  • Power: Moderate - Depends on if the tactical calls add value

Why it’s nominated: Static allocation has struggled in recent years both in performance and asset gathering. Going big on active share is how MDAA provides an alternative—adjusting exposures quickly as conditions change. Rather than static targets, MDAA makes broad calls on core equity over and underweights, and takes real bets on interest rates and FX. The proof will always be in the pudding, but with strong traction (and a long Asian track record) Myriad came to play.


WTIP - WisdomTree Inflation Plus Fund

Launched: June 2025 | ER: 0.65% | AUM: $6M | Issuer: WisdomTree

Investment Strategy: WTIP is a multi-asset approach specifically designed to combat inflation, blending TIPS, commodities, and other inflation-sensitive assets into a cohesive inflation-fighting portfolio. This isn't a single-ticker portfolio, rather, it's a multi-asset anti-inflation tool.

  • Merit: High - Genuine attempt to solve the inflation problem
  • Position: Differentiated inflation-focused multi-asset
  • Utility: Good - “Inflation protection” is timely and clear
  • Power: High - Inflation concerns aren’t going away

Why it’s nominated: We’ll be honest—$6M in AUM gave us pause for a fund that had 6 months to gather assets, but WTIP represents a genuine attempt to solve a real problem: how do you build a portfolio specifically to fight inflation? The approach is sound, the timing is right, and sometimes innovation deserves recognition before assets catch up. WisdomTree has the credibility to execute (especially on the commodities side).


For more information about the ETF.com awards process, click here.

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