The Best Long-Short ETFs
The table below compares the performance and other essential indicators like dividend yield and expense ratio of 21 Long-Short ETFs.
Long-short ETFs are exchange-traded funds that employ a long-short investment strategy, which aims to profit from both rising and falling market conditions. This type of ETF invests in both long positions, where the fund buys securities that it believes will increase in value. Short positions, where the fund sells securities that it believes will decrease in value and aims to profit from the difference.
Long-short ETFs can use different methods to select the securities they invest in, such as fundamental analysis, quantitative analysis, or a combination of both. These ETFs can be more complex than traditional ETFs, and their performance can be more volatile as they are exposed to market risk as well as the risk of using leverage.
They are typically more suitable for experienced investors with a high-risk tolerance and looking for a more active investment strategy. It is important to note that, as these ETFs might use leverage to generate returns, they are considered riskier than traditional ETFs. Therefore, investors should carefully consider the risks before investing.
Click on any item in the list to see complete information, including risk and performance analysis.
Year-to-Date Return
10-Year Annualized Return
Sharpe Ratio
Omega ratio
Sortino ratio
Calmar ratio
Ulcer Index
10Y Volatility
Maximum Drawdown
Dividend Yield
| Symbol | Full name | Category | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARB.TO | Accelerate Arbitrage Fund | Long-Short | 1.38% | 0.5% | N/A | 2.3% | -11.8% | 0.5 | 0.7 | 1.1 | 1.1 | 1.1% | |
| BTAL | AGFiQ US Market Neutral Anti-Beta Fund | Long-Short | Sep 13, 2011 | 2.11% | -5.9% | 0.5% | 1.1% | -38.4% | -0.1 | 0.1 | 1.0 | -0.1 | 8.0% |
| CBLS | Changebridge Capital Long/Short Equity ETF | Long-Short, Actively Managed | Nov 13, 2020 | 1.95% | -9.6% | N/A | 0.0% | -31.8% | -0.7 | -1.0 | 0.9 | -0.5 | 12.1% |
| CLIX | ProShares Long Online/Short Stores ETF | Long-Short | Nov 14, 2017 | 0.65% | 17.5% | -2.2% | 0.0% | -73.2% | 0.1 | 0.4 | 1.0 | 0.2 | 12.0% |
| CLSE | Convergence Long/Short Equity ETF | Long-Short | Feb 22, 2022 | 1.56% | 10.4% | N/A | 0.8% | -14.3% | 1.6 | 2.3 | 1.3 | 2.7 | 2.6% |
| CSM | Proshares Large Cap Core Plus | Long-Short | Jul 13, 2009 | 0.45% | 9.0% | 10.9% | 1.3% | -36.1% | 0.8 | 1.3 | 1.1 | 1.7 | 3.7% |
| DBEH | iM DBi Hedge Strategy ETF | Long-Short, Actively Managed | Dec 18, 2019 | 0.85% | 2.7% | N/A | 1.5% | -21.4% | 0.5 | 0.7 | 1.1 | 0.8 | 1.8% |
| DJIA | Global X Dow 30 Covered Call ETF | Long-Short | Feb 23, 2022 | 0.60% | 4.2% | N/A | 8.5% | -16.9% | 1.2 | 1.7 | 1.2 | 2.6 | 1.7% |
| EVNT | AltShares Event-Driven ETF | Event Driven, Actively Managed, Long-Short | Dec 31, 2014 | 1.30% | 7.2% | N/A | 2.4% | -13.8% | 0.5 | 0.6 | 1.1 | 0.8 | 2.6% |
| FLSP | Franklin Liberty Systematic Style Premia ETF | Long-Short, Actively Managed | Dec 18, 2019 | 0.65% | 6.1% | N/A | 2.1% | -22.8% | 0.5 | 0.9 | 1.1 | 1.1 | 1.7% |
| FTLB | First Trust Hedged BuyWrite Income ETF | Long-Short, Actively Managed | Jan 6, 2014 | 0.85% | 3.9% | 2.3% | 12.0% | -22.9% | 0.1 | 0.2 | 1.0 | 0.1 | 2.7% |
| FTLS | First Trust Long/Short Equity ETF | Long-Short, Actively Managed | Sep 9, 2014 | 1.60% | 9.5% | 7.4% | 1.6% | -20.5% | 1.5 | 2.0 | 1.2 | 3.3 | 1.6% |
| HDG | ProShares Hedge Replication | Long-Short | Jul 12, 2011 | 0.95% | 3.1% | 1.9% | 2.9% | -15.3% | 1.0 | 1.7 | 1.2 | 2.6 | 1.4% |
| HTUS | Hull Tactical US ETF | Long-Short, Actively Managed | Jun 25, 2015 | 0.97% | 12.7% | 7.8% | 5.3% | -47.5% | 0.8 | 1.3 | 1.2 | 1.7 | 3.7% |
| KMLM | KFA Mount Lucas Index Strategy ETF | Long-Short, Actively Managed | Dec 2, 2020 | 0.90% | 6.9% | N/A | 7.6% | -21.7% | -0.6 | -0.6 | 0.9 | -0.5 | 16.2% |
| LBAY | Leatherback Long/Short Alternative Yield ETF | Long-Short, Actively Managed | Nov 16, 2020 | 1.09% | -8.9% | N/A | 3.4% | -14.9% | 0.5 | 0.6 | 1.1 | 0.4 | 7.9% |
| MARB | First Trust Merger Arbitrage ETF | Long-Short, Actively Managed | Feb 4, 2020 | 2.30% | 1.5% | N/A | 2.5% | -12.0% | 0.6 | 0.8 | 1.1 | 0.8 | 1.4% |
| MSVX | LHA Market State Alpha Seeker ETF | Long-Short, Actively Managed | May 13, 2020 | 1.16% | -4.3% | N/A | 0.1% | -12.4% | -0.7 | -0.8 | 0.9 | -0.5 | 4.7% |
| QAI | IQ Hedge Multi-Strategy Tracker ETF | Long-Short | Mar 25, 2009 | 0.79% | 5.4% | 1.6% | 1.9% | -15.0% | 1.5 | 2.2 | 1.3 | 2.9 | 1.2% |
| XYLD | Global X S&P 500 Covered Call ETF | Long-Short | Jun 24, 2013 | 0.60% | 6.4% | 6.3% | 11.4% | -33.8% | 1.2 | 1.7 | 1.2 | 2.4 | 1.3% |
Risk vs. Return Scatterplot
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