FLCV vs. MKTN

Last updated Apr 10, 2026

FLCV (Federated Hermes MDT Large Cap Value ETF) and MKTN (Federated Hermes MDT Market Neutral ETF) are both exchange-traded funds — FLCV is a Large Cap Value Equities fund actively managed by Federated Hermes, while MKTN is a Equity Market Neutral fund actively managed by Federated Hermes. Both are actively managed. At 0.15, their price movements are largely independent.

Performance

FLCV vs. MKTN - Performance Comparison

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

Returns By Period

In the year-to-date period, FLCV achieves a 5.32% return, which is significantly higher than MKTN's 0.34% return.

FLCV

• 1D: 0.34%
• 1M: 3.07%
• YTD: 5.32%
• 6M: 9.26%
• 1Y: 25.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MKTN

• 1D: -0.31%
• 1M: -0.26%
• YTD: 0.34%
• 6M: 6.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCV vs. MKTN - Yearly Performance Comparison

	2026 (YTD)	2025
FLCV Federated Hermes MDT Large Cap Value ETF	5.32%	4.03%
MKTN Federated Hermes MDT Market Neutral ETF	0.34%	3.53%

Correlation

The correlation between FLCV and MKTN is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.15

Return for Risk

FLCV vs. MKTN — Risk / Return Rank

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

FLCV

FLCV Risk / Return Rank: 65
FLCV Sharpe Ratio Rank: 52
FLCV Sortino Ratio Rank: 53
FLCV Omega Ratio Rank: 48
FLCV Calmar Ratio Rank: 87
FLCV Martin Ratio Rank: 86

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.

FLCV vs. MKTN - Risk-Adjusted Trends Comparison

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

	FLCV	MKTN	Difference
Sharpe ratio Return per unit of total volatility	2.03	—	—
Sortino ratio Return per unit of downside risk	2.87	—	—
Omega ratio Gain probability vs. loss probability	1.36	—	—
Calmar ratio Return relative to maximum drawdown	5.79	—	—
Martin ratio Return relative to average drawdown	21.25	—	—
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

	FLCV	MKTN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	1.13	-0.03

Drawdowns

FLCV vs. MKTN - Drawdown Comparison

The maximum FLCV drawdown since its inception was -15.93%, which is greater than MKTN's maximum drawdown of -3.26%. Use the drawdown chart below to compare losses from any high point for FLCV and MKTN.

Drawdown Indicators

	FLCV	MKTN	Difference
Max Drawdown Largest peak-to-trough decline	-15.93%	-3.26%	-12.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	—	—
Current Drawdown Current decline from peak	0.00%	-1.57%	+1.57%
Average Drawdown Average peak-to-trough decline	-2.19%	-0.83%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	—	—

Volatility

Volatility by Period

	FLCV	MKTN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	6.60%	+8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	6.60%	+8.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	6.60%	+8.72%

Dividends

FLCV vs. MKTN - Dividend Comparison

FLCV's dividend yield for the trailing twelve months is around 0.78%, more than MKTN's 0.51% yield.

	TTM	2025	2024
FLCV Federated Hermes MDT Large Cap Value ETF	0.78%	0.83%	0.24%
MKTN Federated Hermes MDT Market Neutral ETF	0.51%	0.51%	0.00%