CSM vs. MKTN
CSM (Proshares Large Cap Core Plus) and MKTN (Federated Hermes MDT Market Neutral ETF) are both exchange-traded funds - CSM is a Long-Short fund tracking the Credit Suisse 130/30 Large-Cap Index, while MKTN is a Equity Market Neutral fund actively managed by Federated. CSM is passively managed, while MKTN is actively managed. Their 0.05 correlation means their historical movements had little consistent relationship. CSM charges 0.45%/yr vs 1.94%/yr for MKTN.
Performance
CSM vs. MKTN - Performance Comparison
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Returns By Period
In the year-to-date period, CSM achieves a 9.15% return, which is significantly higher than MKTN's 6.46% return.
CSM
- 1D
- 0.77%
- 1M
- 1.39%
- 6M
- 8.81%
- YTD
- 9.15%
- 1Y
- 23.59%
- 3Y*
- 19.26%
- 5Y*
- 12.61%
- 10Y*
- 14.08%
- ALL TIME*
- 14.88%
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) |
|---|---|---|---|
| $421.46K | $485.98K | $561.72K | |
| $666.28K | $482.62K | $621.59K |
CSM vs. MKTN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSM Proshares Large Cap Core Plus | 9.15% | 5.12% |
MKTN Federated Hermes MDT Market Neutral ETF | 6.46% | 3.22% |
Correlation
The correlation between CSM and MKTN is 0.05, 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 | 0.05 |
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Return for Risk
CSM vs. MKTN — Risk / Return Rank
CSM
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CSM vs. MKTN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) 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.
| CSM | MKTN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | — | — |
| Martin ratioReturn relative to average drawdown | 9.34 | — | — |
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Drawdowns
CSM vs. MKTN - Drawdown Comparison
The maximum CSM drawdown since its inception was -36.11%, which is greater than MKTN's maximum drawdown of -4.13%. Use the drawdown chart below to compare losses from any high point for CSM and MKTN.
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Drawdown Indicators
| CSM | MKTN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.11% | -4.13% | -31.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | — | — |
Current DrawdownCurrent decline from peak | -0.69% | 0.00% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -1.08% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | — | — |
Volatility
CSM vs. MKTN - Volatility Comparison
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Volatility by Period
| CSM | MKTN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 6.65% | +6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 6.65% | +10.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 6.65% | +11.72% |
CSM vs. MKTN - Expense Ratio Comparison
CSM has a 0.45% expense ratio, which is lower than MKTN's 1.94% expense ratio.
Dividends
CSM vs. MKTN - Dividend Comparison
CSM's dividend yield for the trailing twelve months is around 1.04%, more than MKTN's 0.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | 1.04% | 1.04% | 1.06% | 1.17% | 1.37% | 0.78% | 1.21% | 1.41% | 1.54% | 1.28% | 1.49% | 1.67% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.48% | 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
CSM and MKTN have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSM is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSM is cheaper with a 0.45% expense ratio, compared with 1.94% for MKTN.
CSM has the higher dividend yield at 1.04%, compared with 0.48% for MKTN.
CSM is categorized as Long-Short, while MKTN is Equity Market Neutral. They also come from different issuers: ProShares and Federated. Their fees differ too: 0.45% for CSM and 1.94% for MKTN.
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