CRQ.NEO vs. MKTN
CRQ.NEO (iShares Canadian Fundamental Index ETF) and MKTN (Federated Hermes MDT Market Neutral ETF) are both exchange-traded funds - CRQ.NEO is a Canada Equities fund tracking the FTSE RAFI Canada Index, while MKTN is a Long-Short fund actively managed by Federated Hermes. CRQ.NEO is passively managed, while MKTN is actively managed. At a correlation of -0.20, they often move in opposite directions.
Performance
CRQ.NEO vs. MKTN - Performance Comparison
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Different Trading Currencies
CRQ.NEO is traded in CAD, while MKTN is traded in USD. To make them comparable, the MKTN values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CRQ.NEO achieves a 17.22% return, which is significantly higher than MKTN's 2.35% return.
CRQ.NEO
- 1D
- 1.11%
- 1M
- 4.70%
- YTD
- 17.22%
- 6M
- 20.22%
- 1Y
- 44.45%
- 3Y*
- 26.75%
- 5Y*
- 17.85%
- 10Y*
- 13.46%
MKTN
- 1D
- -0.21%
- 1M
- 3.16%
- YTD
- 2.35%
- 6M
- 3.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRQ.NEO vs. MKTN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 17.22% | 8.32% |
MKTN Federated Hermes MDT Market Neutral ETF | 2.35% | 1.91% |
Correlation
The correlation between CRQ.NEO and MKTN is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | -0.20 |
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Return for Risk
CRQ.NEO vs. MKTN — Risk / Return Rank
CRQ.NEO
MKTN
CRQ.NEO vs. MKTN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Fundamental Index ETF (CRQ.NEO) 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.
| CRQ.NEO | MKTN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.03 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.53 | — | — |
| Martin ratioReturn relative to average drawdown | 31.92 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRQ.NEO | MKTN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.55 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.45 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.78 | -0.08 |
Drawdowns
CRQ.NEO vs. MKTN - Drawdown Comparison
The maximum CRQ.NEO drawdown since its inception was -41.75%, which is greater than MKTN's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and MKTN.
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Drawdown Indicators
| CRQ.NEO | MKTN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.75% | -5.58% | -36.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.69% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -1.57% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | — | — |
Volatility
CRQ.NEO vs. MKTN - Volatility Comparison
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Volatility by Period
| CRQ.NEO | MKTN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.81% | 8.18% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.42% | 8.18% | +4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 8.18% | +8.09% |
Dividends
CRQ.NEO vs. MKTN - Dividend Comparison
CRQ.NEO's dividend yield for the trailing twelve months is around 1.87%, more than MKTN's 0.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 1.87% | 2.18% | 2.72% | 2.97% | 2.90% | 2.17% | 2.98% | 2.71% | 2.46% | 1.91% | 1.89% | 3.09% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.51% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRQ.NEO and MKTN have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRQ.NEO is categorized as Canada Equities, while MKTN is Long-Short. They also come from different issuers: iShares and Federated Hermes.
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