Liquid Alt Fund Leaderboard: October 2025
Updated as of: November 10, 2025
Alts 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 85,000 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.
Table of Contents
Largest Liquid Alt Funds
These are the largest Liquid Alt Funds as of October 31, 2025.
| Symbol | Name | Share Class Assets Under Management | 1 Year Price Returns (Monthly) | 1 Month Fund Share Class Flows | 3 Month Fund Share Class Flows | 1 Year Fund Share Class Flows | Net Expense Ratio | Fund Family |
|---|---|---|---|---|---|---|---|---|
| IBIT | iShares Bitcoin Trust ETF | $82,410,378,912 | 56.61% | $4,265,195,332 | $7,467,991,290 | $39,321,827,243 | 0.22% | iShares |
| BSIIX | BlackRock Strategic Income Opps Port Inst | $28,744,737,355 | 3.70% | $95,516,528 | $740,875,778 | $1,078,021,030 | 0.71% | BlackRock |
| FBTC | Fidelity Wise Origin Bitcoin Fund | $20,963,450,278 | 56.69% | $240,384,807 | -$33,296,516 | $2,042,576,442 | 0.25% | Fidelity Investments |
| LP67010989 | Renaissance Institutional Equities Intl LP B | $19,665,000,000 | 7.29% | -$214,804,500 | -$518,946,246 | -$1,588,987,925 | N/A | N/A |
| GBTC | Grayscale Bitcoin Trust ETF | $17,735,070,736 | 54.68% | -$545,475,965 | -$1,052,863,683 | -$4,565,250,920 | 1.52% | Grayscale |
| CMNIX | Calamos Market Neutral Income Fund I | $15,458,410,000 | 5.56% | -$11,667,402 | $233,534,528 | $648,633,600 | 0.97% | Calamos |
| ETHA | iShares Ethereum Trust ETF | $13,437,066,873 | 54.36% | $874,357,351 | $4,523,446,630 | $13,079,488,347 | 0.12% | iShares |
| PMZIX | PIMCO Mortgage Opp and Bond Fund Institutional | $9,033,915,736 | 1.62% | $68,603,045 | -$21,061,726 | $912,890,403 | 1.68% | PIMCO |
| PAAIX | PIMCO All Asset Fund Institutional | $8,835,404,773 | 5.77% | -$440,741,136 | -$1,629,728,050 | -$3,242,967,622 | 1.84% | PIMCO |
| GIOIX | Guggenheim Macro Opportunities Fund Institutional | $8,347,605,033 | 1.17% | $89,920,761 | $292,337,884 | $883,183,594 | 0.93% | Guggenheim Investments |
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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 October 31, 2025.
| Symbol | Name | 1 Year Price Returns (Monthly) | Share Class Assets Under Management | 1 Month Fund Share Class Flows | 3 Month Fund Share Class Flows | 1 Year Fund Share Class Flows | Net Expense Ratio | Fund Family |
|---|---|---|---|---|---|---|---|---|
| HODL | VanEck Bitcoin | 56.80% | $1,890,080,963 | $66,929,834 | $176,769,990 | $590,431,814 | 0.20% | VanEck |
| BRRR | CoinShares Bitcoin ETF | 56.75% | $599,652,700 | -$4,820,787 | -$600,405 | -$281,075,334 | 0.22% | Valkyrie Digital Assets LLC |
| EZBC | Franklin Bitcoin ETF | 56.71% | $598,323,568 | $9,773,119 | $56,122,185 | -$102,757,794 | 0.14% | Franklin Templeton Investments |
| BITB | Bitwise Bitcoin ETF | 56.70% | $4,222,154,279 | $60,753,467 | $33,053,156 | $8,610,844 | 0.16% | Bitwise Investments |
| FBTC | Fidelity Wise Origin Bitcoin Fund | 56.69% | $20,963,450,278 | $240,384,807 | -$33,296,516 | $2,042,576,442 | 0.25% | Fidelity Investments |
| ARKB | ARK 21Shares Bitcoin ETF | 56.66% | $4,227,831,437 | -$237,347,137 | -$680,544,005 | -$614,694,664 | 0.21% | 21Shares US LLC |
| IBIT | iShares Bitcoin Trust ETF | 56.61% | $82,410,378,912 | $4,265,195,332 | $7,467,991,290 | $39,321,827,243 | 0.22% | iShares |
| BTC | Grayscale Bitcoin Mini Trust ETF | 56.59% | $5,025,809,755 | $62,825,815 | $258,895,623 | $1,447,225,139 | 0.15% | Grayscale |
| BTCO | Invesco Galaxy Bitcoin ETF | 56.49% | $639,109,416 | $6,889,891 | $80,244,384 | -$210,908,125 | 0.25% | Invesco |
| ETH | Grayscale Ethereum Mini Trust ETF | 55.04% | $2,491,964,318 | $73,766,631 | $348,393,884 | $1,252,855,808 | 0.00% | Grayscale |
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Top Liquid Alt Funds Performance
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Top Liquid Alt Funds Share Class Flows
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Best Performing Liquid Alt Funds (excluding crypto funds)
These are the largest best performing Liquid Alt Funds–excluding those in the “digital assets” category–as of October 31, 2025.
| Symbol | Name | 1 Year Total Returns (Monthly) | Share Class Assets Under Management | 1 Month Fund Share Class Flows | 3 Month Fund Share Class Flows | 1 Year Fund Share Class Flows | Net Expense Ratio | Fund Family |
|---|---|---|---|---|---|---|---|---|
| SAMT | Strategas Macro Thematic Opportunities ETF | 39.13% | $321,270,513 | $69,806,938 | $106,572,009 | $194,173,913 | 0.66% | Strategas Asset Management, LLC |
| QLEIX | AQR Long-Short Equity Fund I | 34.45% | $6,134,358,340 | $312,756,874 | $823,868,382 | $3,164,390,142 | 5.33% | AQR Funds |
| QMNIX | AQR Equity Market Neutral Fund I | 27.83% | $1,387,653,551 | $94,566,395 | $148,524,227 | $759,108,677 | 5.48% | AQR Funds |
| QMHRX | AQR Managed Futures Strategy HV Fund R6 | 27.45% | $616,603,426 | ($1,916,659) | $31,996,216 | $336,878,166 | 3.77% | AQR Funds |
| CRDBX | Potomac Defensive Bull Fund | 26.75% | $2,186,706,625 | $104,588,926 | $31,996,216 | $644,479,178 | 1.14% | Potomac Fund Management Inc. |
| QQQI | NEOS Nasdaq-100 High Income ETF | 26.24% | $6,006,936,218 | $518,604,609 | $31,996,216 | $4,703,704,914 | 0.68% | Neos Funds |
| RSST | Return Stacked US Stocks & Managed Futures ETF | 23.66% | $290,022,020 | $5,519,907 | $31,996,216 | $26,692,801 | 0.99% | Return stacked ETFs |
| CSM | ProShares Large Cap Core Plus | 22.68% | $479,895,715 | ($3,301,448) | $31,996,216 | ($69,250,079) | 0.45% | ProShares |
| PRPFX | Permanent Portfolio I | 21.97% | $5,827,796,275 | $163,278,456 | $31,996,216 | $1,392,598,700 | 0.81% | Permanent Portfolio Family of Funds |
| AQRRX | AQR Multi-Asset Fund R6 | 20.91% | $1,455,058,998 | $52,864,576 | $31,996,216 | $888,762,624 | 0.96% | AQR Funds |
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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 ten best-performing liquid alt funds in the last year, your total return one year later would have beat the S&P 500. However, it’s likely that investment would have been made in a Bitcoin fund. WisdomTree Bitcoin Fund (BTCW) and VanEck Bitcoin (HODL) were the two best-performing liquid alt funds in the last year.
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