Equity Hedged

The Fund seeks to track the share price return of the iShares Core S&P 500 ETF up to an approximate upside limit while maximizing downside protection against price declines over a one-year period. It employs an options-based strategy to provide up to 100% downside protection in exchange for capped upside.

Cboe US

MAXJ

The State Street Galaxy Hedged Digital Asset Ecosystem ETF is an actively managed ETF investing in digital-asset ecosystem companies while using a hedge overlay to manage downside risk.

NasdaqGM

HECO

The Invesco S&P 500® Downside Hedged ETF is an actively managed fund that seeks to achieve positive total returns in both rising and falling markets by allocating assets among components of the S&P 500 Dynamic VEQTOR Index, which includes equity, volatility hedge, and cash components.

NYSEArca

PHDG

The KraneShares Hedgeye Hedged Equity Index ETF (KSPY) seeks to provide exposure to the S&P 500 while reducing volatility and dynamically hedging downside risk. The fund employs a strategy guided by Hedgeye's Risk Range™ Signals, utilizing a combination of put and call options to manage downside risk and enhance risk-adjusted returns.

KSPY

The manager seeks to achieve its investment objective by investing primarily in a portfolio of U.S. equity securities that is intended to substantially replicate the performance of the Nasdaq-100 Index and utilizing an option overlay strategy designed to partially hedge the fund's downside exposure when equity markets decline.

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
MAXJ	iShares Large Cap Max Buffer Jun ETF	3.33	—	—	94
HECO	State Street Galaxy Hedged Digital Asset Ecosystem...	3.29	—	—	88
PHDG	Invesco S&P 500 Downside Hedged ETF	2.54	0.46	0.58	87
KSPY	Kraneshares Hedgeye Hedged Equity Index ETF	2.47	—	—	85
QQHG	Invesco QQQ Hedged Advantage ETF	2.47	—	—	79

Top Equity Hedged ETFs by Sharpe Ratio

Top Equity Hedged ETFs by Sharpe Ratio