Invesco QQQ Hedged Advantage ETF has an annualized alpha of 6.90%, beta of 0.71, and R² of 0.83 versus S&P 500 Index. Calculated based on daily prices since May 08, 2025.

The Cambria Value and Momentum ETF is an actively managed fund that uses a quantitative approach to invest in U.S. equities focused on value and momentum factors. The fund may hedge up to 100% of its long portfolio using derivatives when the advisor believes the U.S. equity market is overvalued or identifies unfavorable trends.

Cboe US

VAMO

The ETF is actively managed to capture upside potential in small-cap U.S. equities while limiting maximum losses through a disciplined options overlay strategy.

NYSEArca

RFLR

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.

MAXJ

The Swan Hedged Equity US Large Cap ETF seeks long-term capital appreciation while mitigating overall market risk by investing in large-cap U.S. equities and employing hedging strategies using S&P 500 Index options.

HEGD

The LHA Market State Tactical Beta ETF is a hedged equity solution that offers exposure to the S&P 500® Index with a tactical risk-management overlay, aiming to provide better upside/downside asymmetry than long-only equities and other hedged equity strategies relying on static option hedges.

MSTB

The Overlay Shares Hedged Large Cap Equity ETF (OVLH) seeks long-term capital appreciation while mitigating overall market risk by investing in U.S. large-cap equity securities and employing long-term, out-of-the-money put options to hedge against significant declines in U.S. large-cap equities.

OVLH

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 MRP SynthEquity ETF seeks long-term capital appreciation through a combination of options contracts on the S&P 500 Index and U.S. Treasuries, designed to balance equity market participation with risk mitigation by establishing a floor that seeks to limit significant market losses.

SNTH

Normally investing at least 80% of assets in equity securities of companies with market capitalizations similar to those in the S&P 500® Index or Russell 1000 Index, using computer-aided quantitative analysis of valuation, growth, profitability, and other factors to select a diversified group of stocks aiming for higher total returns than the S&P 500® Index.

FHEQ

The Global X S&P 500 Tail Risk ETF (XTR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Tail Risk Index. The fund employs a protective put strategy for investors seeking to buffer against market selloffs by owning the stocks in the S&P 500 Index and buying 10% out-of-the-money put options on the S&P 500 Index.

QQHG

^GSPC

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	1Y Sharpe Ratio
VAMO	Cambria Value and Momentum ETF	1.87
RFLR	Innovator U.S. Small Cap Managed Floor ETF	1.85
MAXJ	iShares Large Cap Max Buffer Jun ETF	1.76
HEGD	Swan Hedged Equity US Large Cap ETF	1.64
MSTB	LHA Market State Tactical Beta ETF	1.59
OVLH	Overlay Shares Hedged Large Cap Equity ETF	1.37
KSPY	Kraneshares Hedgeye Hedged Equity Index ETF	1.26
SNTH	MRP SynthEquity ETF	1.22
FHEQ	Fidelity Hedged Equity ETF	1.07
XTR	Global X S&P 500 Tail Risk ETF	0.99
QQHG	Invesco QQQ Hedged Advantage ETF	—

Invesco QQQ Hedged Advantage ETF (QQHG) Sharpe Ratio

How it compares to other similar ETFs

Historical Sharpe Ratio