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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