Simplify Market Neutral Equity Long/Short ETF (EQLS) Alternatives
Simplify Market Neutral Equity Long/Short ETF (EQLS) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EQLS. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to EQLS
EQLS charges 1.00% annually. Among ETFs in the Long-Short category, these options have the lowest expense ratios among EQLS alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Aptus International Enhanced Yield ETF | 0.45% | Jul 22, 2021 | EQLS vs IDUB | |
| Proshares Large Cap Core Plus | 0.45% | Jul 13, 2009 | EQLS vs CSM | |
| ProShares Long Online/Short Stores ETF | 0.65% | Nov 14, 2017 | EQLS vs CLIX | |
| WisdomTree Inflation Plus Fund | 0.65% | Jun 18, 2025 | EQLS vs WTIP | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | Dec 18, 2019 | EQLS vs FLSP |
Best Risk-Adjusted Alternatives to EQLS
Among ETFs in the Long-Short category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 94 | Feb 22, 2022 | EQLS vs CLSE | |
| Militia Long/Short Equity ETF | 92 | Jan 14, 2025 | EQLS vs ORR | |
| First Trust Merger Arbitrage ETF | 84 | Feb 4, 2020 | EQLS vs MARB | |
| AltShares Event-Driven ETF | 83 | Dec 31, 2014 | EQLS vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | 80 | Mar 25, 2009 | EQLS vs QAI |
Top Performing EQLS Alternatives (YTD)
EQLS alternatives from the Long-Short category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 20.53% | Dec 4, 2023 | EQLS vs LSEQ | |
| Leatherback Long/Short Alternative Yield ETF | 15.90% | Nov 16, 2020 | EQLS vs LBAY | |
| WisdomTree Inflation Plus Fund | 12.54% | Jun 18, 2025 | EQLS vs WTIP | |
| KFA Mount Lucas Index Strategy ETF | 8.67% | Dec 2, 2020 | EQLS vs KMLM | |
| Militia Long/Short Equity ETF | 6.70% | Jan 14, 2025 | EQLS vs ORR |
Lowest Volatility Alternatives to EQLS
EQLS alternatives from the Long-Short category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | 5.36% | Feb 4, 2020 | EQLS vs MARB | |
| ProShares Hedge Replication | 6.90% | Jul 12, 2011 | EQLS vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 7.55% | Mar 25, 2009 | EQLS vs QAI | |
| The Future Fund Long/Short ETF | 9.24% | Jun 20, 2023 | EQLS vs FFLS | |
| KFA Mount Lucas Index Strategy ETF | 9.84% | Dec 2, 2020 | EQLS vs KMLM |
Lowest Drawdown Alternatives to EQLS
EQLS alternatives from the Long-Short category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | -2.43% | Feb 4, 2020 | EQLS vs MARB | |
| AltShares Event-Driven ETF | -4.84% | Dec 31, 2014 | EQLS vs EVNT | |
| ProShares Hedge Replication | -4.85% | Jul 12, 2011 | EQLS vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | -5.43% | Mar 25, 2009 | EQLS vs QAI | |
| Efficient Market Portfolio Plus ETF | -5.98% | Dec 11, 2024 | EQLS vs EMPB |
Other ETFs from Simplify
Most popular Simplify ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility, Actively Managed | 17 | -7.92% | May 12, 2021 | EQLS vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 25 | 12.39% | Mar 7, 2022 | EQLS vs CTA | |
| Simplify Hedged Equity ETF | Options Trading | 82 | -1.40% | Nov 1, 2021 | EQLS vs HEQT | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency | 5 | -32.88% | Sep 29, 2022 | EQLS vs MAXI | |
| Simplify High Yield PLUS Credit Hedge ETF | High Yield Bonds | 14 | -2.19% | Feb 14, 2022 | EQLS vs CDX | |
| Simplify Interest Rate Hedge ETF | Hedge Fund, Actively Managed | 16 | -2.90% | May 10, 2021 | EQLS vs PFIX | |
| Simplify Stable Income ETF | Government Bonds | 27 | 0.97% | Oct 27, 2022 | EQLS vs BUCK | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend, Actively Managed | 23 | -2.89% | Oct 27, 2022 | EQLS vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 26 | 0.08% | Feb 14, 2022 | EQLS vs AGGH | |
| Simplify MBS ETF | Government Bonds | 76 | -0.43% | Nov 6, 2023 | EQLS vs MTBA |
Often Compared With EQLS
What investors most often compare with EQLS, based on PortfoliosLab usage data.
Compare EQLS with Any Fund or Stock
Compare EQLS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.