| LALTFirst Trust Multi-Strategy Alternative ETF· First Trust | A | 78 | Medium | 0.20% | $387M | 184.3K | +14.0% | +10.1% | −7.0% |
| QAINYLI Hedge Multi-Strategy Tracker ETF· NY Life Investments | A | 75 | Medium | 0.75% | $1.0B | 55K | +9.8% | +9.3% | −14.1% |
| HBDCHilton BDC Corporate Bond ETF· Hilton | A | 72 | Medium | 0.39% | $84M | 4K | +2.1% | — | −3.0% |
| FLSPFranklin Systematic Style Premia ETF· Franklin Templeton | A | 71 | Medium | 0.65% | $1.1B | 111.7K | +12.5% | +10.0% | −9.5% |
| FTLSFirst Trust Long/Short Equity ETF· First Trust | A | 71 | Medium | 0.95% | $2.6B | 125.3K | +11.1% | +14.8% | −11.7% |
| QALTSEI DBi Multi-Strategy Alternative ETF· SEI | B | 69 | Low | 0.80% | $194M | 13.7K | +8.8% | — | −4.9% |
| RNMNElevation Series Trust - RiverNorth Market Neutral ETF· TrueShares | B | 66 | Medium | 0.59% | $7M | 1K | +2.4% | +5.8% | −4.4% |
| IALTiShares Systematic Alternatives Active ETF· IShares | B | 63 | Medium | 0.99% | $6.0B | 3.7M | — | — | — |
| HDGProShares - Hedge Replication ETF· ProShares | B | 62 | Medium | 0.95% | $23M | 1.5K | +9.2% | +7.8% | −15.3% |
| FARXThe Advisors' Inner Circle Fund II - Frontier Asset Absolute Return ETF· Frontier Asset | C | 55 | High | 0.95% | $15M | 2.6K | +16.6% | — | −5.8% |
| CLSEConvergence Long/Short Equity ETF· Convergence | B | 53 | Low | 1.52% | $979M | 348.2K | +31.9% | +29.7% | −16.4% |
| EDGH3EDGE Dynamic Hard Assets ETF· 3 Edge | C | 51 | High | 1.01% | $180M | 47.3K | +23.6% | — | −12.5% |
| ASGMVirtus ETF Trust II - Virtus AlphaSimplex Global Macro ETF· Virtus | C | 50 | Medium | 0.86% | $9M | 879 | +30.2% | — | −7.4% |
| HFGMUnlimited HFGM Global Macro ETF· Unlimited | C | 50 | Medium | 1.00% | $155M | 46.1K | +11.9% | — | −15.1% |
| ILSBrookmont Catastrophic Bond ETF· Brookmont | C | 50 | Medium | 2.65% | $110M | 44.1K | +8.9% | — | −1.7% |
| HFEQUnlimited HFEQ Equity Long/Short ETF· Unlimited | C | 49 | Medium | 1.00% | $18M | 8.1K | +16.8% | — | — |
| HFNDUnlimited HFND Multi-Strategy Return Tracker ETF· Unlimited | C | 48 | Medium | 1.07% | $38M | 10.1K | +8.3% | +9.8% | −13.3% |
| BPROBitwise Proficio Currency Debasement ETF· Bitwise | C | 44 | Low | 0.96% | $105M | 8.2K | — | — | — |
| EHLSEven Herd Long Short ETF· Even Herd | D | 39 | High | 2.62% | $59M | 2.9K | +8.9% | — | −18.9% |
| MKTNFederated Hermes MDT Market Neutral ETF· Federated Hermes | C | 39 | Medium | 2.27% | $136M | 26K | — | — | — |
| EVNTAltShares Event-Driven ETF· Altshares | D | 37 | Medium | 1.33% | $13M | 3.6K | +10.2% | +10.6% | −13.9% |
| CBLSClough Hedged Equity ETF· Changebridge | D | 34 | Medium | 1.89% | $57M | 3.5K | +9.9% | +18.7% | −31.2% |
| ORRMilitia Long/Short Equity ETF· Militia | D | 34 | Medium | 10.91% | $352M | 95.7K | +20.9% | — | −9.9% |
| FFLSThe Future Fund Long/Short ETF· Future Fund | D | 33 | Medium | 2.05% | $45M | 6.3K | −3.7% | +10.0% | −11.1% |
| LBAYLeatherback Long/Short Alternative Yield ETF· Leatherback | D | 32 | Medium | 1.27% | $17M | 1.7K | +10.6% | +3.2% | −16.0% |
| LSEQHarbor Long-Short Equity ETF (LSEQ)· Harbor | D | 31 | Medium | 2.28% | $16M | 1.9K | +22.0% | — | −10.9% |
| SHRTGotham Short Strategies ETF· Gotham | F | 24 | Low | 1.35% | $13M | 8.7K | −11.6% | — | −27.8% |
| HDGEAdvisorShares Ranger Equity Bear ETF· AdvisorShares | F | 22 | Medium | 3.62% | $62M | 73K | −3.7% | −7.6% | −46.6% |