Liquid Alt Fund Leaderboard: May 2026
Updated as of: June 12, 2026
Alternative investments aren’t just being talked about; they’re being actively 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.
Table of Contents
Largest Liquid Alt Funds
These are the largest Liquid Alt Funds as of May 31, 2026.
| 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 |
|---|---|---|---|---|---|---|---|---|
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | $23,939,574,782 | 1287.38% | -$4,054,626,116 | -$9,773,478,953 | -$27,573,001,323 | 0.75% | Direxion Funds |
| TQQQ | ProShares UltraPro QQQ | $34,782,354,626 | 141.60% | -$1,578,283,423 | -$5,382,159,236 | -$12,092,351,603 | 0.82% | ProShares |
| QLD | ProShares Ultra QQQ | $13,220,884,393 | 88.03% | -$105,701,091 | $216,676,317 | $126,846,210 | 0.95% | ProShares |
| JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | $38,831,930,345 | 16.19% | $415,193,850 | $2,003,505,072 | $5,120,305,080 | 0.35% | JPMorgan |
| QQQI | NEOS Nasdaq-100 High Income ETF | $12,141,690,166 | 13.62% | $599,918,326 | $2,042,977,940 | $8,656,820,135 | 0.68% | Neos Funds |
| JHEQX | JPMorgan Hedged Equity Fund I | $14,929,251,163 | 6.73% | -$327,717,339 | -$1,024,286,273 | -$2,865,363,874 | 0.57% | JPMorgan |
| CMNIX | Calamos Market Neutral Income Fund I | $15,731,850,000 | 5.22% | $113,474,269 | $354,331,472 | $790,157,622 | 1.00% | Calamos |
| BSIIX | BlackRock Strategic Income Opps Port Inst | $31,283,464,970 | 1.67% | $219,958,761 | $510,428,608 | $2,574,499,083 | 0.72% | BlackRock |
| JEPI | JPMorgan Equity Premium Income ETF | $44,046,974,140 | -0.09% | -$160,818,658 | $1,619,888,512 | $1,415,508,820 | 0.35% | JPMorgan |
| IBIT | iShares Bitcoin Trust ETF | $47,428,255,023 | -29.99% | -$1,309,370,343 | $2,063,842,254 | $15,012,624,195 | 0.25% | iShares |
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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 May 31, 2026.
| 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 |
|---|---|---|---|---|---|---|---|---|
| MUU | Direxion Daily MU Bull 2X ETF | 5835.89% | $5,295,157,177 | $975,446,620 | $920,258,864 | $1,288,700,494 | 1.01% | Direxion Funds |
| MULL | GraniteShares 2x Long MU Daily ETF | 5775.81% | $1,124,249,546 | $192,190,315 | $141,839,362 | $256,136,810 | 1.50% | Graniteshares |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | 2075.65% | $1,298,076,705 | -$981,563,199 | -$747,564,400 | -$478,992,556 | 1.32% | Direxion Funds |
| INTW | GraniteShares 2x Long INTC Daily ETF | 1830.79% | $597,048,402 | $8,362,676 | $68,055,865 | $76,747,278 | 1.50% | Graniteshares |
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | 1287.38% | $23,939,574,782 | -$4,054,626,116 | -$9,773,478,953 | -$27,573,001,323 | 0.75% | Direxion Funds |
| AMDL | GraniteShares 2x Long AMD Daily ETF | 1211.82% | $1,589,996,797 | -$181,099,546 | -$564,370,008 | -$824,088,045 | 1.07% | Graniteshares |
| RKLX | Defiance Daily Target 2X Long RKLB ETF | 797.30% | $285,380,292 | -$185,021,639 | -$171,438,433 | -$193,994,912 | 1.31% | Defiance ETFs LLC |
| MVLL | GraniteShares 2x Long MRVL Daily ETF | 600.84% | $1,160,597,877 | $156,351,141 | $228,856,081 | $234,107,425 | 1.50% | Graniteshares |
| BULZ | MicroSectors FANG & Innovation 3X Leveraged ETN | 294.73% | $3,452,636,455 | N/A | N/A | -$602,698 | 0.95% | BMO Capital Markets |
| GGLL | Direxion Daily GOOGL Bull 2X ETF | 292.86% | $1,277,719,782 | $154,453,784 | -$110,019,636 | $165,136,454 | 0.96% | Direxion 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 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 3x. 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; a $10,000 investment into either of these 2x leveraged bull funds would have returned nearly $600,000 one year later.
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