EQLS vs. MKTN

Last updated Jun 4, 2026

EQLS (Simplify Market Neutral Equity Long/Short ETF) and MKTN (Federated Hermes MDT Market Neutral ETF) are both Long-Short funds. Both are actively managed.

Performance

EQLS vs. MKTN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Market Neutral Equity Long/Short ETF (EQLS) and Federated Hermes MDT Market Neutral ETF (MKTN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EQLS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MKTN

• 1D: 0.12%
• 1M: 1.01%
• YTD: 1.27%
• 6M: 4.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQLS vs. MKTN - Yearly Performance Comparison

	2026 (YTD)	2025
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%	0.00%
MKTN Federated Hermes MDT Market Neutral ETF	1.27%	3.53%

Return for Risk

EQLS vs. MKTN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Market Neutral Equity Long/Short ETF (EQLS) 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.

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

Sharpe Ratios by Period

	EQLS	MKTN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.06	—

Drawdowns

Drawdown Indicators

	EQLS	MKTN	Difference
Max Drawdown Largest peak-to-trough decline	—	-4.13%	—
Current Drawdown Current decline from peak	—	-0.65%	—
Average Drawdown Average peak-to-trough decline	—	-1.13%	—

Volatility

Volatility by Period

	EQLS	MKTN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	6.81%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.81%	—

Dividends

EQLS vs. MKTN - Dividend Comparison

EQLS has not paid dividends to shareholders, while MKTN's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%	0.45%	0.95%	8.50%
MKTN Federated Hermes MDT Market Neutral ETF	0.50%	0.51%	0.00%	0.00%

Frequently Asked Questions

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

MKTN has the higher dividend yield at 0.50%, compared with 0.00% for EQLS.

What is the main difference between EQLS and MKTN?

They also come from different issuers: Simplify and Federated Hermes.