FLCC vs. MKTN

Last updated Apr 2, 2026

Compare and contrast key facts about Federated Hermes MDT Large Cap Core ETF (FLCC) and Federated Hermes MDT Market Neutral ETF (MKTN).

FLCC and MKTN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLCC is an actively managed fund by Federated Hermes. It was launched on Jul 30, 2024. MKTN is an actively managed fund by Federated Hermes. It was launched on Sep 25, 2025.

Performance

FLCC vs. MKTN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Core ETF (FLCC) and Federated Hermes MDT Market Neutral ETF (MKTN). The values are adjusted to include any dividend payments, if applicable.

FLCC vs. MKTN - Yearly Performance Comparison

	2026 (YTD)	2025
FLCC Federated Hermes MDT Large Cap Core ETF	-4.17%	2.88%
MKTN Federated Hermes MDT Market Neutral ETF	1.93%	3.53%

Returns By Period

In the year-to-date period, FLCC achieves a -4.17% return, which is significantly lower than MKTN's 1.93% return.

FLCC

• 1D: 0.93%
• 1M: -3.60%
• YTD: -4.17%
• 6M: -2.37%
• 1Y: 15.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MKTN

• 1D: 0.74%
• 1M: 1.20%
• YTD: 1.93%
• 6M: 6.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCC vs. MKTN - Expense Ratio Comparison

FLCC

Federated Hermes MDT Large Cap Core ETF

Return for Risk

FLCC vs. MKTN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLCC

FLCC Risk / Return Rank: 42
FLCC Sharpe Ratio Rank: 39
FLCC Sortino Ratio Rank: 41
FLCC Omega Ratio Rank: 45
FLCC Calmar Ratio Rank: 40
FLCC Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLCC vs. MKTN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Core ETF (FLCC) 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.

	FLCC	MKTN	Difference
Sharpe ratio Return per unit of total volatility	0.81	—	—
Sortino ratio Return per unit of downside risk	1.25	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.25	—	—
Martin ratio Return relative to average drawdown	5.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLCC	MKTN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.69	-0.95

Correlation

The correlation between FLCC and MKTN is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FLCC vs. MKTN - Dividend Comparison

FLCC's dividend yield for the trailing twelve months is around 0.53%, more than MKTN's 0.50% yield.

	TTM	2025	2024
FLCC Federated Hermes MDT Large Cap Core ETF	0.53%	0.50%	0.20%
MKTN Federated Hermes MDT Market Neutral ETF	0.50%	0.51%	0.00%

Drawdowns

FLCC vs. MKTN - Drawdown Comparison

The maximum FLCC drawdown since its inception was -19.18%, which is greater than MKTN's maximum drawdown of -3.26%. Use the drawdown chart below to compare losses from any high point for FLCC and MKTN.

Drawdown Indicators

	FLCC	MKTN	Difference
Max Drawdown Largest peak-to-trough decline	-19.18%	-3.26%	-15.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.79%	—	—
Current Drawdown Current decline from peak	-5.82%	0.00%	-5.82%
Average Drawdown Average peak-to-trough decline	-2.49%	-0.81%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	—	—

Volatility

Volatility by Period

	FLCC	MKTN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	6.59%	+12.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	6.59%	+11.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	6.59%	+11.29%