IALT vs. MKTN

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Systematic Alternatives Active ETF (IALT) and Federated Hermes MDT Market Neutral ETF (MKTN).

IALT and MKTN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IALT is an actively managed fund by iShares. It was launched on Dec 9, 2025. MKTN is an actively managed fund by Federated Hermes. It was launched on Sep 25, 2025.

Performance

IALT vs. MKTN - Performance Comparison

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

IALT vs. MKTN - Yearly Performance Comparison

	2026 (YTD)	2025
IALT iShares Systematic Alternatives Active ETF	8.36%	0.73%
MKTN Federated Hermes MDT Market Neutral ETF	1.93%	1.34%

Returns By Period

In the year-to-date period, IALT achieves a 8.36% return, which is significantly higher than MKTN's 1.93% return.

IALT

• 1D: 0.56%
• 1M: 3.06%
• YTD: 8.36%
• 6M: —
• 1Y: —
• 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)

IALT vs. MKTN - Expense Ratio Comparison

IALT

iShares Systematic Alternatives Active ETF

Return for Risk

IALT vs. MKTN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Alternatives Active ETF (IALT) 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

	IALT	MKTN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.68	1.69	+2.99

Correlation

The correlation between IALT and MKTN is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

IALT vs. MKTN - Dividend Comparison

IALT's dividend yield for the trailing twelve months is around 0.13%, less than MKTN's 0.50% yield.

	TTM	2025
IALT iShares Systematic Alternatives Active ETF	0.13%	0.14%
MKTN Federated Hermes MDT Market Neutral ETF	0.50%	0.51%

Drawdowns

IALT vs. MKTN - Drawdown Comparison

The maximum IALT drawdown since its inception was -1.28%, smaller than the maximum MKTN drawdown of -3.26%. Use the drawdown chart below to compare losses from any high point for IALT and MKTN.

Drawdown Indicators

	IALT	MKTN	Difference
Max Drawdown Largest peak-to-trough decline	-1.28%	-3.26%	+1.98%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.26%	-0.81%	+0.55%

Volatility

Volatility by Period

	IALT	MKTN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.25%	6.59%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	6.59%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.25%	6.59%	+0.66%