Updated as of: April 16, 2026
Alternative investments aren’t just being talked about, they’re being allocated to.
While the buzz often centers on private alternatives, listed alternatives have been gaining attention for their edge in liquidity, transparency, and cost efficiency compared to their private counterparts.
To provide advisors with alternative investment ideas for consideration in portfolios, we compiled lists of both the largest and best-performing liquid alt funds using the YCharts Fund Screener, which helps advisors navigate across a universe of over 113,000 funds to find specific investment candidates. The results are based on share class assets under management (AUM) and one-year price returns, respectively, with the screener’s broad category set to “Alternative Strategies” that excludes SMAs.
The following data includes AUM flows over the last month, three months, and one year, along with net expense ratio and one-year price returns for the largest leveraged and inverse ETFs.
Looking for the best-performing ETFs overall? Check out our analysis on the Best Performing ETFs over the Last 10 Years here.
Largest Liquid Alt Funds
These are the largest Liquid Alt Funds as of March 31, 2026.
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Largest Liquid Alt Funds Performance
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Largest Liquid Alt Funds Share Class Flows
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Best Performing Liquid Alt Funds
These are the largest best performing Liquid Alt Funds as of March 31, 2026.
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Top Liquid Alt Funds Performance
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Top Liquid Alt Funds Share Class Flows
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What Was the Growth of $10,000 in the Top Liquid Alt Funds Over the Last Year?
If you invested $10,000 one year ago into any of the top ten best-performing liquid alt funds in the last year, your total return one year later would have beat the S&P 500 by at least 2.33x. Direxion Daily MU Bull 2X ETF (MUU) and GraniteShares 2x Long MU Daily ETF (MULL) were the two best-performing liquid alt funds in the last year.
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