The Best Equity Market Neutral ETFs
The table below compares the performance and other essential indicators like dividend yield and expense ratio of Equity Market Neutral ETFs.
Equity Market Neutral ETFs and funds pair long and short equity positions with the goal of keeping overall market exposure near neutral. Returns are intended to come primarily from security selection and relative-value spreads rather than the direction of the broad equity market.
- Number of ETFs
- 5
- Avg. Expense Ratio
- 1.29%
- Avg. Dividend Yield
- 0.68%
- Avg. 1 Year Return
- -23.75%
- Median Risk/Return Score
- 2 / 100
The Best Equity Market Neutral ETFs
5 results
| Symbol | Full Name | Category | Inception | Expense Ratio | YTD Return | 10Y Return (Annualized) | Dividend Yield | Risk / Return Rank | Max. Drawdown | Sharpe Ratio | Sortino Ratio | Omega Ratio | Martin Ratio | Calmar Ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FINQ Dollar Neutral U.S. Large Cap AI-Managed Equi... | Equity Market Neutral | Feb 5, 2026 | 1.25% | — | — | 0.00% | — | ||||||||
| AGF U.S. Market Neutral Anti-Beta Fund | Equity Market Neutral, Long-Short | Sep 13, 2011 | 1.40% | -14.87% | -4.41% | 2.92% | 2 | ||||||||
| Federated Hermes MDT Market Neutral ETF | Equity Market Neutral, Long-Short, Actively Managed | Sep 25, 2025 | 1.94% | 6.46% | — | 0.48% | — | ||||||||
| First Trust Equity Market Neutral ETF | Equity Market Neutral | Feb 4, 2020 | 0.95% | — | — | 0.00% | — | ||||||||
| RiverNorth Market Neutral ETF | Equity Market Neutral | Jul 11, 2022 | 0.90% | — | — | 0.00% | — |
Best Equity Market Neutral ETFs by Risk/Return Score
| Symbol | Name | Risk / Return Rank | AUM | Inception |
|---|---|---|---|---|
| AGF U.S. Market Neutral Anti-Beta Fund | 2 | 275.53M | Sep 2011 |
Best-Performing Equity Market Neutral ETFs Over 5 Years
| Symbol | Name | Return 5Y | AUM | Inception |
|---|---|---|---|---|
| AGF U.S. Market Neutral Anti-Beta Fund | -4.14% | 275.53M | Sep 2011 |
Lowest-Cost Equity Market Neutral ETFs
The top Equity Market Neutral ETFs is RNMN (0.90%).
With an average expense ratio of 1.29%, Equity Market Neutral ETFs remain a low-cost option for investors seeking broad market exposure, sector allocations, and diversified portfolio building blocks.
| Symbol | Name | Expense Ratio | AUM | Inception |
|---|---|---|---|---|
| RiverNorth Market Neutral ETF | 0.90% | 7.15M | Jul 2022 | |
| First Trust Equity Market Neutral ETF | 0.95% | 16.26M | Feb 2020 | |
| FINQ Dollar Neutral U.S. Large Cap AI-Managed Equi... | 1.25% | 6.60M | Feb 2026 | |
| AGF U.S. Market Neutral Anti-Beta Fund | 1.40% | 275.53M | Sep 2011 | |
| Federated Hermes MDT Market Neutral ETF | 1.94% | 106.80M | Sep 2025 |
Highest-Yield Equity Market Neutral ETFs
The top Equity Market Neutral ETFs is BTAL (2.92%).
Across the lineup, Equity Market Neutral ETFs show an average dividend yield of 0.68%, offering investors a steady stream of income through regular dividend payments, making them attractive for income-seeking portfolios.
| Symbol | Name | Dividend Yield | AUM | Inception |
|---|---|---|---|---|
| AGF U.S. Market Neutral Anti-Beta Fund | 2.92% | 275.53M | Sep 2011 | |
| Federated Hermes MDT Market Neutral ETF | 0.48% | 106.80M | Sep 2025 | |
| FINQ Dollar Neutral U.S. Large Cap AI-Managed Equi... | 0.00% | 6.60M | Feb 2026 | |
| RiverNorth Market Neutral ETF | 0.00% | 7.15M | Jul 2022 | |
| First Trust Equity Market Neutral ETF | 0.00% | 16.26M | Feb 2020 |
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Top ETFs Comparisons
Compare the top ETFs symbols based on PortfoliosLab usage data.
Risk vs. Return Scatterplot
The Risk vs. Return Scatterplot allows you to quickly compare funds, stocks, and ETFs in one view. It displays the yearly return of an instrument on one axis and the risk (volatility) on the other.
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5 Years