CLIX vs. MKTN
CLIX (ProShares Long Online/Short Stores ETF) and MKTN (Federated Hermes MDT Market Neutral ETF) are both Long-Short funds. CLIX is passively managed, while MKTN is actively managed. At a correlation of -0.00, they often move in opposite directions.
Performance
CLIX vs. MKTN - Performance Comparison
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Returns By Period
In the year-to-date period, CLIX achieves a -3.48% return, which is significantly lower than MKTN's 3.18% return.
CLIX
- 1D
- -0.40%
- 1M
- 7.04%
- 6M
- -7.16%
- YTD
- -3.48%
- 1Y
- 12.38%
- 3Y*
- 16.62%
- 5Y*
- -6.23%
- 10Y*
- —
MKTN
- 1D
- 0.53%
- 1M
- 2.84%
- 6M
- 4.79%
- YTD
- 3.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLIX vs. MKTN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | -3.48% | 1.02% |
MKTN Federated Hermes MDT Market Neutral ETF | 3.18% | 3.22% |
Correlation
The correlation between CLIX and MKTN is -0.00, 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 Sep 25, 2025 | -0.00 |
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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 | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | — | — |
| Martin ratioReturn relative to average drawdown | 1.56 | — | — |
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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 | -66.03% | — | — |
Current DrawdownCurrent decline from peak | -42.98% | 0.00% | -42.98% |
Average DrawdownAverage peak-to-trough decline | -34.81% | -1.15% | -33.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | — | — |
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 | 6.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.72% | 6.63% | +15.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.85% | 6.63% | +20.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 6.63% | +19.25% |
Dividends
CLIX vs. MKTN - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.54%, more than MKTN's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.54% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.49% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLIX and MKTN have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLIX has the higher dividend yield at 0.54%, compared with 0.49% for MKTN.
They also come from different issuers: ProShares and Federated Hermes.
Find the right allocation for CLIX and MKTN
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