Hedge fund ETFs are a type of exchange-traded fund (ETF) that aim to replicate the returns of a hedge fund or a basket of hedge funds. They typically use a variety of strategies, such as long-short, market neutral, and event-driven, to generate returns.

Hedge fund ETFs aim to provide investors with access to hedge fund strategies and returns, which are traditionally only available to high-net-worth individuals and institutional investors. They offer a lower-cost and more liquid alternative to investing directly in a hedge fund.

Hedge Fund

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
MRGR	Proshares Merger ETF	2.73	1.10	0.70	94
RLY	SPDR SSgA Multi-Asset Real Return ETF	2.35	0.72	0.60	82
WTMF	WisdomTree Managed Futures Strategy Fund	2.16	0.63	0.39	83
GDMA	Gadsden Dynamic Multi-Asset ETF	1.94	0.82	—	71
FMF	First Trust Managed Futures Strategy Fund	1.81	0.40	0.22	71

Top Hedge Fund ETFs by Sharpe Ratio

Top Hedge Fund ETFs by Sharpe Ratio