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Federated Hermes MDT Market Neutral ETF (MKTN) Sharpe Ratio

ETF · Currency in USD · Last updated Jun 5, 2026

The Federated Hermes MDT Market Neutral ETF (MKTN) is an actively managed market neutral equity ETF that seeks long-term capital appreciation while limiting exposure to general stock market risk. The fund employs a quantitatively-driven strategy, balancing long positions in U.S. common stocks predicted to outperform against short positions in stocks predicted to underperform. As a market neutral fund, returns are expected to be uncorrelated to the direction of the general stock market. Managed by MDT Advisers, a division of Federated Hermes.

Sharpe ratio is not yet available for MKTN. This metric requires at least 12 months of historical daily returns to calculate. Check back once this data is available.

How it compares to other similar ETFs

The table compares Federated Hermes MDT Market Neutral ETF's Sharpe Ratio with other ETFs in the Long-Short category across multiple time periods, showing how MKTN's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CLSEConvergence Long/Short Equity ETF3.86
QAIIQ Hedge Multi-Strategy Tracker ETF2.68
HTUSHull Tactical US ETF2.52
CSMProshares Large Cap Core Plus2.45
HDGProShares Hedge Replication2.37
IDUBAptus International Enhanced Yield ETF2.15
RSEERareview Systematic Equity ETF2.11
ORRMilitia Long/Short Equity ETF1.97
FTLSFirst Trust Long/Short Equity ETF1.78
EMPBEfficient Market Portfolio Plus ETF1.76
MKTNFederated Hermes MDT Market Neutral ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MKTN's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MKTN consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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