| LALTFirst Trust Multi-Strategy Alternative ETF | First Trust Multi-Strategy Alternative ETFFirst Trust | LALT First Trust Multi-Strategy Alternative ETFA | 78 | 0.20% | $423M | 204.8K | +15.0% | +11.2% | −7.0% |
| QAINYLI Hedge Multi-Strategy Tracker ETF | NYLI Hedge Multi-Strategy Tracker ETFNY Life Investments | QAI NYLI Hedge Multi-Strategy Tracker ETFA | 77 | 0.75% | $1.0B | 54K | +9.8% | +9.1% | −14.1% |
| QALTSEI DBi Multi-Strategy Alternative ETF | SEI DBi Multi-Strategy Alternative ETFSEI | QALT SEI DBi Multi-Strategy Alternative ETFA | 75 | 0.80% | $196M | 16.3K | +12.4% | — | −4.9% |
| HBDCHilton BDC Corporate Bond ETF | Hilton BDC Corporate Bond ETFHilton | HBDC Hilton BDC Corporate Bond ETFA | 74 | 0.39% | $93M | 6K | +2.0% | — | −3.0% |
| FLSPFranklin Systematic Style Premia ETF | Franklin Systematic Style Premia ETFFranklin Templeton | FLSP Franklin Systematic Style Premia ETFA | 73 | 0.65% | $1.1B | 126K | +12.8% | +10.1% | −9.5% |
| FTLSFirst Trust Long/Short Equity ETF | First Trust Long/Short Equity ETFFirst Trust | FTLS First Trust Long/Short Equity ETFA | 73 | 0.95% | $2.6B | 141K | +15.9% | +15.0% | −11.7% |
| IALTiShares Systematic Alternatives Active ETF | iShares Systematic Alternatives Active ETFIShares | IALT iShares Systematic Alternatives Active ETFB | 63 | 0.99% | $7.6B | 2.1M | — | — | — |
| RNMNElevation Series Trust - RiverNorth Market Neutral ETF | Elevation Series Trust - RiverNorth Market Neutral ETFTrueShares | RNMN Elevation Series Trust - RiverNorth Market Neutral ETFB | 61 | 0.89% | $7M | 1K | +2.0% | +5.8% | −4.4% |
| FARXThe Advisors' Inner Circle Fund II - Frontier Asset Absolute Return ETF | The Advisors' Inner Circle Fund II - Frontier Asset Absolute Return ETFFrontier Asset | FARX The Advisors' Inner Circle Fund II - Frontier Asset Absolute Return ETFB | 59 | 0.95% | $15M | 2.9K | +17.9% | — | −5.8% |
| HDGProShares - Hedge Replication ETF | ProShares - Hedge Replication ETFProShares | HDG ProShares - Hedge Replication ETFB | 58 | 0.95% | $22M | 812 | +8.6% | +7.6% | −15.3% |
| CLSEConvergence Long/Short Equity ETF | Convergence Long/Short Equity ETFConvergence | CLSE Convergence Long/Short Equity ETFB | 56 | 1.52% | $1.0B | 369.6K | +37.4% | +28.6% | −16.4% |
| ASGMVirtus ETF Trust II - Virtus AlphaSimplex Global Macro ETF | Virtus ETF Trust II - Virtus AlphaSimplex Global Macro ETFVirtus | ASGM Virtus ETF Trust II - Virtus AlphaSimplex Global Macro ETFC | 54 | 0.86% | $10M | 1.3K | +32.5% | — | −7.4% |
| HFEQUnlimited HFEQ Equity Long/Short ETF | Unlimited HFEQ Equity Long/Short ETFUnlimited | HFEQ Unlimited HFEQ Equity Long/Short ETFC | 51 | 1.00% | $12M | 10.4K | +18.8% | — | — |
| HFNDUnlimited HFND Multi-Strategy Return Tracker ETF | Unlimited HFND Multi-Strategy Return Tracker ETFUnlimited | HFND Unlimited HFND Multi-Strategy Return Tracker ETFC | 48 | 1.07% | $38M | 8.7K | +7.5% | +9.6% | −13.3% |
| EDGH3EDGE Dynamic Hard Assets ETF | 3EDGE Dynamic Hard Assets ETF3 Edge | EDGH 3EDGE Dynamic Hard Assets ETFC | 47 | 1.01% | $182M | 49.5K | +17.2% | — | −12.5% |
| HFGMUnlimited HFGM Global Macro ETF | Unlimited HFGM Global Macro ETFUnlimited | HFGM Unlimited HFGM Global Macro ETFC | 47 | 1.00% | $161M | 47.8K | +16.3% | — | −15.1% |
| ILSBrookmont Catastrophic Bond ETF | Brookmont Catastrophic Bond ETFBrookmont | ILS Brookmont Catastrophic Bond ETFC | 45 | 2.65% | $124M | 53.3K | +9.1% | — | −1.7% |
| BPROBitwise Proficio Currency Debasement ETF | Bitwise Proficio Currency Debasement ETFBitwise | BPRO Bitwise Proficio Currency Debasement ETFC | 43 | 0.96% | $101M | 7.2K | — | — | — |
| MKTNFederated Hermes MDT Market Neutral ETF | Federated Hermes MDT Market Neutral ETFFederated Hermes | MKTN Federated Hermes MDT Market Neutral ETFC | 43 | 2.27% | $146M | 30.8K | +16.7% | — | −4.1% |
| LBAYLeatherback Long/Short Alternative Yield ETF | Leatherback Long/Short Alternative Yield ETFLeatherback | LBAY Leatherback Long/Short Alternative Yield ETFC | 40 | 1.27% | $17M | 1.8K | +7.7% | +4.5% | −16.0% |
| CBLSClough Hedged Equity ETF | Clough Hedged Equity ETFChangebridge | CBLS Clough Hedged Equity ETFD | 37 | 1.89% | $57M | 2.9K | +11.7% | +19.2% | −31.2% |
| EVNTAltShares Event-Driven ETF | AltShares Event-Driven ETFAltshares | EVNT AltShares Event-Driven ETFD | 37 | 1.33% | $13M | 3.4K | +9.6% | +10.6% | −13.9% |
| FFLSThe Future Fund Long/Short ETF | The Future Fund Long/Short ETFFuture Fund | FFLS The Future Fund Long/Short ETFD | 36 | 2.05% | $46M | 6K | +1.5% | +9.8% | −11.1% |
| LSEQHarbor Long-Short Equity ETF (LSEQ) | Harbor Long-Short Equity ETF (LSEQ)Harbor | LSEQ Harbor Long-Short Equity ETF (LSEQ)D | 32 | 2.28% | $17M | 1.7K | +28.0% | — | −10.9% |
| QISSimplify Multi-QIS Alternative ETF | Simplify Multi-QIS Alternative ETFSimplify | QIS Simplify Multi-QIS Alternative ETFD | 30 | 1.21% | $51M | 9.4K | −36.1% | −20.4% | −63.5% |
| ORRMilitia Long/Short Equity ETF | Militia Long/Short Equity ETFMilitia | ORR Militia Long/Short Equity ETFD | 27 | 10.91% | $347M | 71.9K | +25.7% | — | −9.9% |
| EHLSEven Herd Long Short ETF | Even Herd Long Short ETFEven Herd | EHLS Even Herd Long Short ETFD | 26 | 2.62% | $58M | 3.2K | +7.2% | — | −18.9% |
| SHRTGotham Short Strategies ETF | Gotham Short Strategies ETFGotham | SHRT Gotham Short Strategies ETFD | 26 | 1.35% | $12M | 8.7K | −10.0% | — | −27.8% |
| HDGEAdvisorShares Active Bear ETF | AdvisorShares Active Bear ETFAdvisorShares | HDGE AdvisorShares Active Bear ETFF | 22 | 3.62% | $56M | 80.1K | −7.1% | −8.1% | −46.6% |