Federated Hermes MDT Market Neutral ETF (MKTN) belongs to the Equity Market Neutral category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MKTN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MKTN
MKTN charges 1.94% annually. There are 4 ETFs in the Equity Market Neutral category with lower expense ratios, going as low as 0.90%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| RiverNorth Market Neutral ETF | 0.90% | 7.15M | Jul 2022 | MKTN vs RNMN | |
| First Trust Equity Market Neutral ETF | 0.95% | 16.26M | Feb 2020 | MKTN vs NTRL | |
| FINQ Dollar Neutral U.S. Large Cap AI-Managed Equi... | 1.25% | 6.60M | Feb 2026 | MKTN vs AINT | |
| AGF U.S. Market Neutral Anti-Beta Fund | 1.40% | 275.53M | Sep 2011 | MKTN vs BTAL |
Lowest Volatility Alternatives to MKTN
MKTN has 6.67% 1-year volatility. There is 1 ETF in the Equity Market Neutral category with lower 1-year volatility, going as low as 1.81%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverNorth Market Neutral ETF | 1.81% | 7.15M | Jul 2022 | MKTN vs RNMN | |
| First Trust Equity Market Neutral ETF | 13.77% | 16.26M | Feb 2020 | MKTN vs NTRL | |
| AGF U.S. Market Neutral Anti-Beta Fund | 23.82% | 275.53M | Sep 2011 | MKTN vs BTAL | |
| FINQ Dollar Neutral U.S. Large Cap AI-Managed Equi... | 32.87% | 6.60M | Feb 2026 | MKTN vs AINT |
Other ETFs from Federated
The 9 most viewed Federated ETFs shown here include FDV, FHYS, FCSH and span 8 categories. AUM among these funds goes as high as $799M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Federated Hermes U.S. Strategic Dividend ETF | Large Cap Value Equities | — | — | 799.10M | Nov 2022 | MKTN vs FDV | |
| Federated Hermes Short Duration High Yield ETF | High Yield Bonds | 84 | 2.02% | 51.10M | Dec 2021 | MKTN vs FHYS | |
| Federated Hermes Short Duration Corporate ETF | Short-Term Bond | 57 | 0.65% | 65.50M | Dec 2021 | MKTN vs FCSH | |
| Federated Hermes MDT Large Cap Core ETF | Large Cap Blend Equities | 57 | 11.69% | 113.30M | Jul 2024 | MKTN vs FLCC | |
| Federated Hermes MDT Small Cap Core ETF | Small Cap Blend Equities | 80 | 19.06% | 309.30M | Jul 2024 | MKTN vs FSCC | |
| Federated Hermes Total Return Bond ETF | Intermediate Core-Plus Bond | 28 | -0.43% | 592.20M | Jan 2024 | MKTN vs FTRB | |
| Federated Hermes MDT Large Cap Value ETF | Large Cap Value Equities | 91 | 19.30% | 97.20M | Jul 2024 | MKTN vs FLCV | |
| Federated Hermes MDT Large Cap Growth ETF | Large Cap Growth Equities | 29 | 4.23% | 558.70M | Jul 2024 | MKTN vs FLCG | |
| Federated Hermes Enhanced Income ETF | Derivative Income | — | 15.33% | — | Oct 2025 | MKTN vs PAYR |
Often Compared With MKTN
Investors most often compare MKTN with IALT, QAI, ORR. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare MKTN with Any Fund or Stock
Compare MKTN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MKTN with funds that move differently
Federated Hermes MDT Market Neutral ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MKTN.
Explore MKTN Diversifiers