Federated Hermes MDT Market Neutral ETF (MKTN) belongs to the Long-Short 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
Among 28 ETFs in the Long-Short category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.45%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus International Enhanced Yield ETF | 0.45% | 372.15M | Jul 2021 | MKTN vs IDUB | |
| Proshares Large Cap Core Plus | 0.45% | 515.62M | Jul 2009 | MKTN vs CSM | |
| Arin Tactical Tail Risk ETF | 0.63% | — | Oct 2025 | MKTN vs ATTR | |
| WisdomTree Inflation Plus Fund | 0.65% | 21.79M | Jun 2025 | MKTN vs WTIP | |
| ProShares Long Online/Short Stores ETF | 0.65% | 7.04M | Nov 2017 | MKTN vs CLIX |
Best Risk-Adjusted Alternatives to MKTN
Among 22 ETFs in the Long-Short category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 96 | 447.61M | Dec 2009 | MKTN vs CLSE | |
| IQ Hedge Multi-Strategy Tracker ETF | 82 | 762.37M | Mar 2009 | MKTN vs QAI | |
| ProShares Hedge Replication | 71 | 21.78M | Jul 2011 | MKTN vs HDG | |
| Franklin Liberty Systematic Style Premia ETF | 69 | 930.68M | Dec 2019 | MKTN vs FLSP | |
| Harbor Long-Short Equity ETF | 69 | 16.92M | Dec 2023 | MKTN vs LSEQ |
Top Performing MKTN Alternatives (YTD)
MKTN is at 0.57% YTD. There are 20 ETFs in the Long-Short category with higher YTD returns, going as high as 27.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 27.48% | 16.92M | Dec 2023 | MKTN vs LSEQ | |
| Convergence Long/Short Equity ETF | 24.30% | 447.61M | Dec 2009 | MKTN vs CLSE | |
| Changebridge Capital Long/Short Equity ETF | 20.17% | 59.25M | Nov 2020 | MKTN vs CBLS | |
| Aptus International Enhanced Yield ETF | 13.88% | 372.15M | Jul 2021 | MKTN vs IDUB | |
| Efficient Market Portfolio Plus ETF | 13.09% | — | Dec 2024 | MKTN vs EMPB |
Lowest Volatility Alternatives to MKTN
MKTN has 6.74% 1-year volatility. There are 4 ETFs in the Long-Short category with lower 1-year volatility, going as low as 3.16%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Arin Tactical Tail Risk ETF | 3.16% | — | Oct 2025 | MKTN vs ATTR | |
| First Trust Merger Arbitrage ETF | 5.35% | 19.90M | Feb 2020 | MKTN vs MARB | |
| ProShares Hedge Replication | 6.26% | 21.78M | Jul 2011 | MKTN vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 6.57% | 762.37M | Mar 2009 | MKTN vs QAI | |
| AltShares Event-Driven ETF | 7.64% | 8.62M | Dec 2014 | MKTN vs EVNT |
Lowest Drawdown Alternatives to MKTN
Among 22 ETFs in the Long-Short category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -2.43%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | -2.43% | 19.90M | Feb 2020 | MKTN vs MARB | |
| AltShares Event-Driven ETF | -3.35% | 8.62M | Dec 2014 | MKTN vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | -3.71% | 762.37M | Mar 2009 | MKTN vs QAI | |
| First Trust Long/Short Equity ETF | -3.79% | 2.40B | Sep 2014 | MKTN vs FTLS | |
| ProShares Hedge Replication | -3.97% | 21.78M | Jul 2011 | MKTN vs HDG |
Other ETFs from Federated Hermes
The 5 most viewed Federated Hermes ETFs shown here include FLCC, FSCC, FLCV and span 5 categories. AUM among these funds goes as high as $405M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Large Cap Core ETF | Large Cap Blend Equities | 41 | 6.21% | 48.70M | Jul 2024 | MKTN vs FLCC | |
| Federated Hermes MDT Small Cap Core ETF | Small Cap Blend Equities | 74 | 19.96% | 164.50M | Jul 2024 | MKTN vs FSCC | |
| Federated Hermes MDT Large Cap Value ETF | Large Cap Value Equities | 74 | 13.41% | 72.30M | Jul 2024 | MKTN vs FLCV | |
| Federated Hermes MDT Large Cap Growth ETF | Large Cap Growth Equities | 20 | -1.27% | 405.20M | Jul 2024 | MKTN vs FLCG | |
| Federated Hermes Enhanced Income ETF | Derivative Income | — | 10.01% | — | Oct 2025 | MKTN vs PAYR |
Often Compared With MKTN
Investors most often compare MKTN with IALT, ORR, IBMR. These 20 comparison targets span 7 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