ATTR vs. MKTN

Last updated Jun 23, 2026

ATTR (Arin Tactical Tail Risk ETF) and MKTN (Federated Hermes MDT Market Neutral ETF) are both Long-Short funds. Both are actively managed. At a correlation of -0.06, they often move in opposite directions.

Performance

ATTR vs. MKTN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arin Tactical Tail Risk ETF (ATTR) and Federated Hermes MDT Market Neutral ETF (MKTN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATTR achieves a 3.80% return, which is significantly higher than MKTN's -0.17% return.

ATTR

• 1D: -0.20%
• 1M: -0.27%
• YTD: 3.80%
• 6M: 3.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MKTN

• 1D: 0.38%
• 1M: -0.42%
• YTD: -0.17%
• 6M: 0.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATTR vs. MKTN - Yearly Performance Comparison

	2026 (YTD)	2025
ATTR Arin Tactical Tail Risk ETF	3.80%	0.53%
MKTN Federated Hermes MDT Market Neutral ETF	-0.17%	4.90%

Correlation

The correlation between ATTR and MKTN is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025	-0.06

Return for Risk

ATTR vs. MKTN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arin Tactical Tail Risk ETF (ATTR) and Federated Hermes MDT Market Neutral ETF (MKTN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ATTR vs. MKTN - Drawdown Comparison

The maximum ATTR drawdown since its inception was -1.76%, smaller than the maximum MKTN drawdown of -4.13%. Use the drawdown chart below to compare losses from any high point for ATTR and MKTN.

Drawdown Indicators

	ATTR	MKTN	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-4.13%	+2.37%
Current Drawdown Current decline from peak	-0.63%	-2.07%	+1.44%
Average Drawdown Average peak-to-trough decline	-0.21%	-1.20%	+0.99%

Volatility

Volatility by Period

	ATTR	MKTN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.14%	6.75%	-3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.14%	6.75%	-3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.14%	6.75%	-3.61%

Dividends

ATTR vs. MKTN - Dividend Comparison

ATTR has not paid dividends to shareholders, while MKTN's dividend yield for the trailing twelve months is around 0.51%.

Position	TTM	2025
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%
MKTN Federated Hermes MDT Market Neutral ETF	0.51%	0.51%

Frequently Asked Questions

Can I hold both ATTR and MKTN in my portfolio?

ATTR and MKTN have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, ATTR or MKTN?

MKTN has the higher dividend yield at 0.51%, compared with 0.00% for ATTR.

What is the main difference between ATTR and MKTN?

They also come from different issuers: Arin Risk Advisors and Federated Hermes.