ETFs

US-listed funds grouped by strategy. Each category below explains what these funds do and why they belong in an alpha stacking portfolio.

Return Stacked — 2×

Funds that hold roughly 1× equity and 1× an alternative sleeve (managed futures, macro, commodities) on the same dollar, using futures or swaps.

Return Stacked — Lower Leverage

Similar to the 2× category but with a smaller alternative overlay relative to the equity sleeve — total notional is between 1× and 2×.

Premia and systematic alternatives

Rules-based funds that harvest persistent return factors — value, carry, momentum, quality — across many markets simultaneously.

Factor - Momentum

Equity ETFs that tilt toward recent relative strength. They ride leadership while a trend persists and rotate when it breaks.

Factor - Value

Equity ETFs that tilt toward cheap, cash-generative companies, including free-cash-flow and small-cap value sleeves.

Factor - Concentrated active

High-conviction active managers running focused books, roughly 20 to 50 names selected bottom-up rather than tracking a factor index.

Managed futures

Trend-following funds that go long or short across equities, bonds, currencies, and commodities based on which direction prices are moving.

Managed futures - single asset

Systematic futures strategies that trade a single asset class instead of the full managed-futures mix. Currency carry and mean-reversion, or commodity long/short.

Long/short

Funds that hold long positions in stocks they expect to outperform and short positions in stocks they expect to underperform.

Global macro

Funds that take positions across currencies, interest rates, equities, and commodities based on macroeconomic themes and environment analysis.

Arbitrage

Merger arbitrage funds buy companies that have announced acquisition deals and short the acquirer, capturing the spread between the current stock price and the deal price. Returns are driven by deal completion rates and timelines, with low correlation to broad equity moves.

Leveraged equity ETFs

Daily-resetting funds that deliver 2× or 3× the daily return of a broad equity index. They amplify both gains and losses, and volatility drag means long-term returns don't simply scale with the multiple.

Fixed income

ETFs that invest in bonds, structured credit, and floating-rate instruments. Includes AAA CLO funds, investment-grade credit, and bond strategies used as collateral or yield sleeves in portfolio construction.

Volatility

Instruments that express volatility risk without VIX futures drag. Includes tail-risk options structures that pay off in crash events and HFT market-makers whose revenue accelerates when spreads widen.

Return Stacked - Crypto

ETFs providing exposure to bitcoin, ethereum, or a basket of digital assets.