- Issuer
- Federated Hermes
- Inception Date
- Sep 25, 2025
- Category
- Long-Short
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $82M
Share Price Chart
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Performance
MKTN Performance Chart
Federated Hermes MDT Market Neutral ETF (MKTN) is up 1.2% since the beginning of the year. MKTN is currently trading at $26 per share.
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Returns By Period
Federated Hermes MDT Market Neutral ETF
- 1D
- -0.61%
- 1M
- 0.89%
- YTD
- 1.15%
- 6M
- 3.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MKTN Monthly Returns History
Based on dividend-adjusted daily data since Sep 25, 2025, MKTN's average daily return is +0.03%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 80% of months were positive and 20% were negative. The best month was Dec 2025 with a return of +2.5%, while the worst month was Apr 2026 at -1.7%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.
On a daily basis, MKTN closed higher 54% of trading days. The best single day was Apr 22, 2026 with a return of +1.3%, while the worst single day was Oct 1, 2025 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.52% | 1.20% | 0.51% | -1.74% | 1.57% | 0.15% | 1.15% | ||||||
| 2025 | 0.09% | 0.56% | 0.34% | 2.53% | 3.53% |
Benchmark Metrics
Federated Hermes MDT Market Neutral ETF has an annualized alpha of 7.00%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 26, 2025.
- This ETF captured 1.73% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -83.90%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 7.00%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 1.73%
- Downside Capture
- -83.90%
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Federated Hermes MDT Market Neutral ETF provided a 0.50% dividend yield over the last twelve months, with an annual payout of $0.13 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.13 | $0.13 |
Dividend yield | 0.50% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes MDT Market Neutral ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.13 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes MDT Market Neutral ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes MDT Market Neutral ETF was 4.13%, occurring on Apr 21, 2026. The portfolio has not yet recovered.
The current Federated Hermes MDT Market Neutral ETF drawdown is 0.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -4.13%Apr 2026 | 19d | — | 2mo 3dApr 2026 - now |
2026 pullback2026 | -3.26%Jan 2026 | 25d | 26d | 1mo 21dDec 2025 - Feb 2026 |
2025 pullback2025 | -2.78%Oct 2025 | 6d | 23d | 29dOct 2025 - Oct 2025 |
2026 pullback2026 | -1.07%Mar 2026 | 23d | 12d | 1mo 5dFeb 2026 - Mar 2026 |
2025 pullback2025 | -0.86%Dec 2025 | 21d | 2d | 23dNov 2025 - Dec 2025 |
Drawdown Indicators
| MKTN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -56.78% | +52.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.76% | -0.74% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -10.72% | +9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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