FSCC vs. MKTN

Last updated Jun 23, 2026

FSCC (Federated Hermes MDT Small Cap Core ETF) and MKTN (Federated Hermes MDT Market Neutral ETF) are both exchange-traded funds - FSCC is a Small Cap Blend Equities fund actively managed by Federated Hermes, while MKTN is a Long-Short fund actively managed by Federated Hermes. Both are actively managed. At a correlation of -0.05, they often move in opposite directions.

Performance

FSCC vs. MKTN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Small Cap Core ETF (FSCC) 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, FSCC achieves a 20.60% return, which is significantly higher than MKTN's -0.17% return.

FSCC

• 1D: 0.93%
• 1M: 4.77%
• YTD: 20.60%
• 6M: 17.48%
• 1Y: 44.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MKTN

• 1D: 0.38%
• 1M: -0.42%
• YTD: -0.17%
• 6M: 0.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSCC vs. MKTN - Yearly Performance Comparison

	2026 (YTD)	2025
FSCC Federated Hermes MDT Small Cap Core ETF	20.60%	1.78%
MKTN Federated Hermes MDT Market Neutral ETF	-0.17%	3.22%

Correlation

The correlation between FSCC and MKTN is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	-0.05

Return for Risk

FSCC vs. MKTN — Risk / Return Rank

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

FSCC

FSCC Risk / Return Rank: 74
FSCC Sharpe Ratio Rank: 74
FSCC Sortino Ratio Rank: 72
FSCC Omega Ratio Rank: 66
FSCC Calmar Ratio Rank: 80
FSCC Martin Ratio Rank: 78

MKTN

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

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.

FSCC vs. MKTN - Risk-Adjusted Trends Comparison

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

	FSCC	MKTN	Difference
Sharpe ratio: Return per unit of total volatility	2.27	—	—
Sortino ratio: Return per unit of downside risk	3.11	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	4.02	—	—
Martin ratio: Return relative to average drawdown	14.68	—	—

Drawdowns

FSCC vs. MKTN - Drawdown Comparison

The maximum FSCC drawdown since its inception was -27.17%, which is greater than MKTN's maximum drawdown of -4.13%. Use the drawdown chart below to compare losses from any high point for FSCC and MKTN.

Drawdown Indicators

	FSCC	MKTN	Difference
Max Drawdown Largest peak-to-trough decline	-27.17%	-4.13%	-23.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	—	—
Current Drawdown Current decline from peak	0.00%	-2.07%	+2.07%
Average Drawdown Average peak-to-trough decline	-5.08%	-1.20%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	—	—

Volatility

Volatility by Period

	FSCC	MKTN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.61%	6.75%	+12.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.36%	6.75%	+15.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	6.75%	+15.61%

Dividends

FSCC vs. MKTN - Dividend Comparison

FSCC's dividend yield for the trailing twelve months is around 0.22%, less than MKTN's 0.51% yield.

Position	TTM	2025	2024
FSCC Federated Hermes MDT Small Cap Core ETF	0.22%	0.27%	0.16%
MKTN Federated Hermes MDT Market Neutral ETF	0.51%	0.51%	0.00%

Frequently Asked Questions

Can I hold both FSCC and MKTN in my portfolio?

FSCC 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.

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

MKTN has the higher dividend yield at 0.51%, compared with 0.22% for FSCC.

What is the main difference between FSCC and MKTN?

FSCC is categorized as Small Cap Blend Equities, while MKTN is Long-Short.