CLIX vs. MKTN
CLIX (ProShares Long Online/Short Stores ETF) and MKTN (Federated Hermes MDT Market Neutral ETF) are both exchange-traded funds - CLIX is a Long-Short fund tracking the ProShares Long Online/Short Stores Index, while MKTN is a Equity Market Neutral fund actively managed by Federated. CLIX is passively managed, while MKTN is actively managed. Their 0.01 correlation means their historical movements had little consistent relationship. CLIX charges 0.65%/yr vs 1.94%/yr for MKTN.
Performance
CLIX vs. MKTN - Performance Comparison
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Returns By Period
In the year-to-date period, CLIX achieves a -0.57% return, which is significantly lower than MKTN's 6.46% return.
CLIX
- 1D
- 4.48%
- 1M
- 6.07%
- 6M
- 1.59%
- YTD
- -0.57%
- 1Y
- 12.03%
- 3Y*
- 16.69%
- 5Y*
- -4.13%
- 10Y*
- —
- ALL TIME*
- 4.99%
MKTN
- 1D
- 0.33%
- 1M
- 4.57%
- 6M
- 7.01%
- YTD
- 6.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.27K | $42.87K | $29.25K | |
| $666.28K | $482.62K | $621.59K |
CLIX vs. MKTN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | -0.57% | 1.02% |
MKTN Federated Hermes MDT Market Neutral ETF | 6.46% | 3.22% |
Correlation
The correlation between CLIX and MKTN is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | 0.01 |
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Return for Risk
CLIX vs. MKTN — Risk / Return Rank
CLIX
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLIX vs. MKTN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) 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.
| CLIX | MKTN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.07 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | — | — |
| Martin ratioReturn relative to average drawdown | 0.95 | — | — |
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Drawdowns
CLIX vs. MKTN - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, which is greater than MKTN's maximum drawdown of -4.13%. Use the drawdown chart below to compare losses from any high point for CLIX and MKTN.
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Drawdown Indicators
| CLIX | MKTN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.21% | -4.13% | -69.08% |
Max Drawdown (1Y)Largest decline over 1 year | -19.57% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -63.54% | — | — |
Current DrawdownCurrent decline from peak | -41.26% | 0.00% | -41.26% |
Average DrawdownAverage peak-to-trough decline | -34.86% | -1.08% | -33.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | — | — |
Volatility
CLIX vs. MKTN - Volatility Comparison
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Volatility by Period
| CLIX | MKTN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 6.65% | +15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.87% | 6.65% | +20.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.89% | 6.65% | +19.24% |
CLIX vs. MKTN - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is lower than MKTN's 1.94% expense ratio.
Dividends
CLIX vs. MKTN - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.53%, more than MKTN's 0.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.53% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.48% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLIX and MKTN have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLIX is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLIX is cheaper with a 0.65% expense ratio, compared with 1.94% for MKTN.
CLIX has the higher dividend yield at 0.53%, compared with 0.48% for MKTN.
CLIX is categorized as Long-Short, while MKTN is Equity Market Neutral. They also come from different issuers: ProShares and Federated. Their fees differ too: 0.65% for CLIX and 1.94% for MKTN.
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