Alternative ETFs

Most of these ETFs employ various strategies such as managed futures, merger arbitrage strategies, Inflation expectations, which are also known as non-traditional investments to achieve desired investment results. Alternative ETFs can provide a measure of alpha during periods of uncertainty for traditional asset classes. Because of this characteristic, theses ETFs may be suited for moderate investors who are somewhat less willing to accept variations in their portfolio's balance.

D

Category Grade

This category ranks #41 out of 65 ETF categories.

B
Buy

Avg. SMART Grade

The average cap-weighted SMART Grade for ETFs in this category is B (Buy).


Fund Symbol/Name Last Open High Low 52-Wk Hi 52-Wk Lo Day Chg YTD Chg 12-Mo Chg AUM Exp. Ratio SMART Grade
QAI
IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF
30.98 30.97 30.99 30.90 32.01 26.58 +0.07
(0.23%)
0.58% 0.89% 732.26M 0.80% A
Strong Buy
MNA
IQ Merger Arbitrage ETF
34.17 34.26 34.55 34.10 34.55 26.21 -0.09
(-0.26%)
2.92% 5.26% 730.81M 0.77% A
Strong Buy
WTMF
WisdomTree Managed Futures Strategy Fund
34.89 35.00 35.00 34.85 37.80 34.39 -0.21
(-0.60%)
-5.93% -7.09% 113.89M 0.65% A
Strong Buy
HDG
ProShares Hedge Replication ETF
46.20 46.20 46.20 46.20 47.19 37.63 +0.11
(0.24%)
-0.91% 0.77% 28.21M 0.95% A
Strong Buy
FUT
ProShares Managed Futures Strategy ETF
39.55 39.63 39.63 39.55 41.03 38.10 -0.17
(-0.43%)
0.92% -0.63% 7.79M 0.75% A
Strong Buy
MRGR
ProShares Merger ETF
38.45 38.45 38.45 38.45 39.02 33.46 -0.06
(-0.16%)
0.47% 1.32% 7.73M 0.75% A
Strong Buy
PJUL
Innovator S&P 500 Power Buffer ETF - July
27.58 27.32 27.59 27.31 28.24 21.70 +0.18
(0.66%)
3.10% 4.57% 4.11M 0.79% A
Strong Buy
POCT
Innovator S&P 500 Power Buffer ETF - October
26.32 26.05 26.37 26.01 27.10 20.53 +0.25
(0.96%)
4.44% 4.57% N/A N/A A
Strong Buy
BOCT
Innovator S&P 500 Buffer ETF - October
27.65 27.36 27.65 27.36 28.94 19.89 +0.37
(1.36%)
5.47% 9.24% N/A N/A A
Strong Buy
UOCT
Innovator S&P 500 Ultra Buffer ETF - October
25.94 25.85 25.94 25.80 26.46 21.25 +0.14
(0.54%)
3.98% 3.35% N/A N/A A
Strong Buy
BDEC
Innovator S&P 500 Buffer ETF - December
27.91 27.80 27.91 27.80 28.92 20.14 +0.36
(1.31%)
3.71% 6.20% N/A N/A A
Strong Buy
PDEC
Innovator S&P 500 Power Buffer ETF - December
27.60 27.42 27.63 27.42 28.12 21.58 +0.31
(1.14%)
3.22% 4.69% N/A N/A A
Strong Buy
UDEC
Innovator S&P 500 Ultra Buffer ETF - December
27.28 27.11 27.28 27.11 27.78 23.05 +0.24
(0.89%)
2.31% 3.49% N/A N/A A
Strong Buy
PFLD
AAM Low Duration Preferred and Income Securities ETF
24.04 24.04 24.04 24.04 25.45 16.25 -0.20
(-0.83%)
-0.32% -3.83% N/A N/A A
Strong Buy
FNOV
FT Cboe Vest U.S. Equity Buffer ETF - November
32.43 32.02 32.44 32.02 33.54 23.91 +0.41
(1.28%)
3.49% 5.84% N/A N/A A
Strong Buy
DNOV
FT Cboe Vest U.S. Equity Deep Buffer ETF - November
31.76 31.54 31.76 31.54 32.47 26.25 +0.30
(0.95%)
2.49% 4.01% N/A N/A A
Strong Buy
DAUG
FT Cboe Vest U.S. Equity Deep Buffer ETF - August
31.77 31.54 31.80 31.44 32.44 25.95 +0.24
(0.76%)
3.61% 5.34% N/A N/A A
Strong Buy
FAUG
FT Cboe Vest U.S. Equity Buffer ETF - August
32.18 31.74 32.25 31.74 33.46 24.12 +0.36
(1.13%)
4.20% 6.60% N/A N/A A
Strong Buy
BNOV
Innovator S&P 500 Buffer ETF - November
27.82 27.23 27.89 27.23 28.71 20.06 +0.51
(1.87%)
4.43% 8.29% N/A N/A A
Strong Buy
PNOV
Innovator S&P 500 Power Buffer ETF - November
27.50 27.27 27.57 27.27 27.62 21.07 +0.29
(1.07%)
4.88% 7.22% N/A N/A A
Strong Buy
UNOV
Innovator S&P 500 Ultra Buffer ETF - November
27.29 27.24 27.29 27.24 27.37 22.53 +0.19
(0.70%)
4.48% 6.28% N/A N/A A
Strong Buy
PUTW
WisdomTree CBOE S&P 500 PutWrite Strategy Fund
26.31 26.05 26.42 25.99 29.10 20.14 +0.36
(1.39%)
-7.62% -6.64% 111.18M 0.44% B
Buy
FFHG
Formula Folios Hedged Growth ETF
24.77 24.70 25.03 24.58 29.39 20.67 +0.04
(0.16%)
-12.46% -7.02% 66.77M 1.15% B
Buy
QMN
IQ Hedge Market Neutral Tracker ETF
26.71 26.71 26.71 26.71 28.77 23.78 +0.01
(0.04%)
0.04% -0.07% 16.12M 0.67% B
Buy
ALTS
ProShares Morningstar Alternatives Solution ETF
35.03 35.03 35.03 35.03 38.81 29.97 -0.01
(-0.03%)
-7.14% -6.58% 7.04M 0.95% B
Buy
QED
IQ Hedge Event-Driven Tracker ETF
22.77 22.77 22.77 22.77 24.40 17.70 +0.02
(0.09%)
5.15% 5.44% 4.59M 0.78% B
Buy
UJUL
Innovator S&P 500 Ultra Buffer ETF - July
25.67 25.63 25.67 25.61 26.60 21.89 +0.11
(0.43%)
1.82% -2.34% 4.47M 0.79% B
Buy
BJUL
Innovator ETFs Trust Innovator S&P 500 Buffer ETF - July
28.19 28.06 28.24 28.05 29.15 21.08 +0.27
(0.97%)
2.03% 6.21% 4.19M 0.79% B
Buy
FIVG
Defiance Next Gen Connectivity ETF
28.71 28.28 28.84 28.20 30.52 18.66 +0.27
(0.95%)
10.56% 17.39% N/A N/A B
Buy
CCOR
Core Alternative ETF
27.17 26.90 27.34 26.90 30.66 22.88 -0.07
(-0.26%)
-1.65% -0.04% 118.67M 1.23% C
Neutral
FMF
First Trust Managed Futures Strategy Fund
42.93 43.02 43.47 42.93 49.70 41.10 -0.42
(-0.97%)
0.18% -2.68% 34.98M 0.95% C
Neutral
TCTL
Premise Capital Diversified Tactical ETF
26.72 26.52 26.72 26.49 33.47 23.29 +0.15
(0.56%)
-17.53% -15.42% 31.89M 0.86% C
Neutral
TAIL
Cambria Tail Risk ETF
21.41 21.69 21.70 21.37 27.23 19.22 -0.29
(-1.34%)
11.21% 7.37% 23.87M 0.59% C
Neutral
FLSP
Franklin Liberty Systematic Style Premia ETF
21.88 21.88 21.88 21.88 25.61 21.88 -0.19
(-0.86%)
-12.51% -11.93% N/A N/A C
Neutral
VRAI
Virtus Real Asset Income ETF
18.65 18.19 18.67 18.19 25.90 13.31 +0.38
(2.08%)
-24.23% -24.96% N/A N/A C
Neutral
VPC
Virtus Private Credit Strategy ETF
17.37 17.34 17.37 17.29 26.38 11.69 +0.20
(1.16%)
-24.69% -30.27% N/A N/A C
Neutral
HDGE
Ranger Equity Bear Bear ETF
4.40 4.46 4.52 4.38 7.95 4.14 -0.06
(-1.35%)
-17.91% -29.42% 135.05M 3.12% D
Sell
JPMF
JPMorgan Managed Futures Strategy ETF
20.85 20.86 20.87 20.85 28.10 17.29 -0.03
(-0.14%)
-9.97% -13.18% 31.38M 0.59% NR
Not Rated
BUFR
FT Cboe Vest Fund of Buffer ETFs
20.04 19.81 20.09 19.81 20.91 19.66 +0.20
(1.01%)
0.36% 0.41% 29.36M 1.05% NR
Not Rated
PQDI
Principal Spectrum Tax-Advantaged Dividend Active ETF
20.85 20.92 20.92 20.85 21.10 19.97 -0.13
(-0.62%)
5.00% 3.61% 21.98M 0.60% NR
Not Rated
DIVY
Realty Shares DIVS ETF
21.91 21.84 22.32 21.77 27.94 11.65 -0.52
(-2.32%)
-17.91% -16.28% 13.69M 0.85% NR
Not Rated
VQT
iPath S&P VEQTOR ETN
199.50 199.50 199.79 198.01 203.25 155.89 +0.49
(0.25%)
20.18% 22.98% 10.99M 0.95% NR
Not Rated
AAA
Listed Funds Trust AAF First Priority CLO Bond ETF
24.94 24.94 24.96 24.94 25.07 24.88 -0.01
(-0.04%)
-0.46% -0.51% 9.96M 0.25% NR
Not Rated
SPD
Simplify Exchange Traded Funds Simplify US Equity PLUS Downside Convexity ETF
24.13 23.93 24.17 23.90 26.73 23.49 +0.36
(1.51%)
-0.19% -0.44% 8.06M 0.28% NR
Not Rated
SPYC
Simplify Exchange Traded Funds Simplify US Equity PLUS Convexity ETF
24.06 23.69 24.10 23.69 26.42 23.25 +0.37
(1.56%)
-0.64% -0.89% 8.05M 0.28% NR
Not Rated
MSUS
LHA Market State U.S. Tactical ETF
22.91 22.91 22.91 22.91 25.51 19.97 -0.06
(-0.26%)
-8.71% -3.65% 6.30M 1.18% NR
Not Rated
QYLG
Global X Nasdaq 100 Covered Call & Growth ETF
27.00 26.62 27.01 26.53 28.41 26.05 +0.38
(1.43%)
0.91% 0.41% 5.48M 0.60% NR
Not Rated
EAOA
iShares ESG Aware Aggressive Allocation ETF
26.86 26.89 26.93 26.86 28.55 25.29 -0.72
(-2.61%)
5.00% 4.25% 4.13M 0.18% NR
Not Rated
EAOR
iShares ESG Aware Growth Allocation ETF
26.43 26.43 26.43 26.43 27.78 25.26 -0.56
(-2.07%)
3.91% 3.22% 4.05M 0.18% NR
Not Rated
EAOM
iShares ESG Aware Moderate Allocation ETF
25.99 26.00 26.00 25.99 27.00 25.21 -0.40
(-1.52%)
2.78% 2.18% 3.95M 0.18% NR
Not Rated
EAOK
iShares ESG Aware Conservative Allocation ETF
25.77 25.82 25.82 25.77 26.56 25.19 -0.31
(-1.19%)
2.23% 1.65% 3.91M 0.18% NR
Not Rated
PFFV
Global X Variable Rate Preferred ETF
26.02 26.16 26.19 26.02 26.61 24.42 +0.17
(0.66%)
5.79% 4.79% 2.63M 0.25% NR
Not Rated
SPUC
Simplify Exchange Traded Funds Simplify US Equity PLUS Upside Convexity ETF
23.74 23.74 23.74 23.74 25.71 23.32 +0.17
(0.72%)
-1.85% -1.85% 2.54M 0.28% NR
Not Rated
FLUD
Franklin Liberty Ultra Short Bond ETF
25.04 25.02 25.04 25.02 25.07 24.99 +0.01
(0.04%)
0.48% 0.10% 2.50M 0.15% NR
Not Rated
TBJL
Innovator 20 Year Treasury Bond 9 Buffer ETF - July
24.63 24.63 24.63 24.63 26.48 23.00 +0.04
(0.16%)
-1.76% -1.74% N/A 0.79% NR
Not Rated
BEMO
Aptus Behavioral Momentum ETF
29.97 30.11 30.11 29.97 33.10 27.59 -0.12
(-0.40%)
-1.15% -9.45% N/A N/A NR
Not Rated
HDIV
QRAFT AI-Enhanced U.S. High Dividend ETF
23.58 23.95 23.95 23.58 26.00 17.76 -0.69
(-2.84%)
-0.29% -1.58% N/A N/A NR
Not Rated
FFEB
FT Cboe Vest U.S. Equity Buffer ETF - February
30.89 30.50 30.95 30.50 33.31 22.89 +0.35
(1.15%)
2.56% 2.56% N/A N/A NR
Not Rated
DFEB
FT Cboe Vest U.S. Equity Deep Buffer ETF - February
30.80 30.59 30.85 30.59 31.60 25.24 +0.15
(0.49%)
1.55% 1.63% N/A N/A NR
Not Rated
ARMR
Exchange Listed Funds Trust Armor US Equity Index ETF
19.24 19.12 19.24 19.12 22.67 13.99 +0.12
(0.63%)
-4.90% -4.90% N/A N/A NR
Not Rated
ESNG
Direxion MSCI USA ESG - Leaders vs. Laggards ETF
53.37 53.37 53.37 53.37 59.10 36.34 -1.47
(-2.68%)
7.04% 5.75% N/A N/A NR
Not Rated
FLYT
Direxion Flight to Safety Strategy ETF
52.81 52.81 52.81 52.81 62.70 43.76 -0.85
(-1.58%)
6.90% 6.41% N/A N/A NR
Not Rated
MARB
First Trust Merger Arbitrage ETF
19.58 19.56 19.58 19.56 20.14 17.68 +0.03
(0.15%)
-2.24% -2.24% N/A N/A NR
Not Rated
BFEB
Innovator S&P 500 Buffer ETF - February
25.10 25.15 25.15 25.10 26.21 17.00 +0.12
(0.48%)
1.66% 1.68% N/A N/A NR
Not Rated
PFEB
Innovator S&P 500 Power Buffer ETF - February
25.11 25.10 25.16 24.94 25.75 19.47 +0.26
(1.05%)
1.78% 1.80% N/A N/A NR
Not Rated
UFEB
Innovator S&P 500 Ultra Buffer ETF - February
25.02 24.83 25.03 24.83 25.49 20.87 +0.19
(0.77%)
1.58% 1.58% N/A N/A NR
Not Rated
ABEQ
Absolute Core Strategy ETF
23.19 23.00 23.19 23.00 28.20 18.01 +0.26
(1.13%)
-6.90% -7.16% N/A N/A NR
Not Rated
SMDY
Syntax Stratified MidCap ETF
27.90 27.90 27.90 27.90 30.50 17.67 -0.83
(-2.89%)
-6.88% -6.87% N/A N/A NR
Not Rated
SEPZ
Listed Funds Trust TrueShares Structured Outcome (September) ETF
23.93 23.93 23.93 23.93 26.15 23.55 +0.21
(0.89%)
-4.39% -4.39% N/A N/A NR
Not Rated
LCR
Leuthold Core ETF
26.55 26.55 26.55 26.54 29.00 21.26 +0.18
(0.68%)
5.86% 5.86% N/A N/A NR
Not Rated
WDTI
WisdomTree Managed Futures Strategy Fund
39.60 39.62 39.62 39.52 41.80 38.34 +0.04
(0.10%)
-4.49% -4.60% N/A N/A NR
Not Rated
VNSE
Natixis Vaughan Nelson Select ETF
24.07 24.07 24.07 24.07 25.90 23.63 -0.87
(-3.49%)
-2.49% -2.50% N/A N/A NR
Not Rated
TDSE
Cabana Target Drawdown 16 ETF
24.45 24.45 24.45 24.45 25.41 23.84 +0.18
(0.74%)
-1.52% -1.52% N/A N/A NR
Not Rated
TDSD
Cabana Target Drawdown 13 ETF
24.47 24.37 24.47 24.37 25.29 23.80 +0.15
(0.62%)
-1.41% -1.41% N/A N/A NR
Not Rated
TDSC
Cabana Target Drawdown 10 ETF
24.50 24.50 24.51 24.42 26.73 23.84 +0.04
(0.16%)
-1.22% -1.20% N/A N/A NR
Not Rated
TDSB
Cabana Target Drawdown 7 ETF
24.32 24.37 24.40 24.32 26.50 24.00 -0.03
(-0.12%)
-2.00% -1.96% N/A N/A NR
Not Rated
TDSA
Cabana Target Drawdown 5 ETF
24.13 24.16 24.16 24.13 24.88 24.13 -0.22
(-0.90%)
-2.98% -2.97% N/A N/A NR
Not Rated
XYLG
Global X S&P 500 Covered Call & Growth ETF
25.14 24.70 25.14 24.70 26.40 24.66 +0.48
(1.95%)
1.35% 0.85% N/A N/A NR
Not Rated
FSEP
FT Cboe Vest U.S. Equity Buffer ETF - September
29.99 29.70 29.99 29.70 31.09 29.22 +0.36
(1.21%)
1.64% 1.64% N/A N/A NR
Not Rated
DSEP
FT Cboe Vest U.S. Equity Deep Buffer ETF - September
29.80 29.66 29.88 29.66 30.53 29.43 +0.18
(0.61%)
0.47% 0.47% N/A N/A NR
Not Rated
ARB
AltShares Merger Arbitrage ETF
25.70 26.20 26.20 25.70 26.20 24.20 +0.07
(0.27%)
2.32% 2.32% N/A N/A NR
Not Rated
TEGS
Trend Aggregation ESG ETF
27.26 27.40 27.40 27.26 28.73 24.84 -0.60
(-2.15%)
7.89% 7.89% N/A N/A NR
Not Rated
MSVX
LHA Market State Alpha Seeker ETF
24.25 24.33 24.33 24.25 26.91 22.05 0.00
(0.00%)
-3.31% -3.31% N/A N/A NR
Not Rated
DMAY
FT Cboe Vest U.S. Equity Deep Buffer ETF - May
31.64 31.62 31.75 31.59 32.32 30.67 -0.35
(-1.09%)
2.79% 2.80% N/A N/A NR
Not Rated
FMAY
FT Cboe Vest U.S. Equity Buffer ETF - May
33.05 33.05 33.05 33.05 33.81 30.85 +0.39
(1.19%)
6.34% 6.34% N/A N/A NR
Not Rated
MRSK
Agility Shares Managed Risk ETF
27.29 27.29 27.29 27.29 28.57 24.90 -0.27
(-0.98%)
8.82% 8.83% N/A N/A NR
Not Rated
AUGZ
TrueShares Structured Outcome (August) ETF
24.88 24.88 24.88 24.88 26.68 24.67 -0.73
(-2.85%)
-0.51% -0.50% N/A N/A NR
Not Rated

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