MKTN vs. ARKX

Last updated Jun 5, 2026

MKTN (Federated Hermes MDT Market Neutral ETF) and ARKX (ARK Space Exploration & Innovation ETF) are both exchange-traded funds - MKTN is a Long-Short fund actively managed by Federated Hermes, while ARKX is a Aerospace & Defense fund actively managed by ARK. Both are actively managed. At a correlation of -0.16, they often move in opposite directions.

Performance

MKTN vs. ARKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral ETF (MKTN) and ARK Space Exploration & Innovation ETF (ARKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MKTN achieves a 0.96% return, which is significantly lower than ARKX's 25.47% return.

MKTN

• 1D: -0.31%
• 1M: 1.00%
• YTD: 0.96%
• 6M: 3.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKX

• 1D: 1.45%
• 1M: 12.71%
• YTD: 25.47%
• 6M: 27.09%
• 1Y: 71.59%
• 3Y*: 37.08%
• 5Y*: 11.85%
• 10Y*: —

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

MKTN vs. ARKX - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	0.96%	3.53%
ARKX ARK Space Exploration & Innovation ETF	25.47%	4.77%

Correlation

The correlation between MKTN and ARKX is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	-0.16

Return for Risk

MKTN vs. ARKX — Risk / Return Rank

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

ARKX

ARKX Risk / Return Rank: 62
ARKX Sharpe Ratio Rank: 68
ARKX Sortino Ratio Rank: 61
ARKX Omega Ratio Rank: 55
ARKX Calmar Ratio Rank: 72
ARKX Martin Ratio Rank: 55

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.

MKTN vs. ARKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and ARK Space Exploration & Innovation ETF (ARKX). 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

	MKTN	ARKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.44	+0.55

Drawdowns

MKTN vs. ARKX - Drawdown Comparison

The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum ARKX drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for MKTN and ARKX.

Drawdown Indicators

	MKTN	ARKX	Difference
Max Drawdown Largest peak-to-trough decline	-4.13%	-43.61%	+39.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.42%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.61%	—
Current Drawdown Current decline from peak	-0.96%	-3.66%	+2.70%
Average Drawdown Average peak-to-trough decline	-1.13%	-19.97%	+18.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.57%	—

Volatility

Volatility by Period

	MKTN	ARKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.80%	32.49%	-25.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.80%	27.72%	-20.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.80%	27.42%	-20.62%

Dividends

MKTN vs. ARKX - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.51%, while ARKX has not paid dividends to shareholders.

Position	TTM	2025
ARKX ARK Space Exploration & Innovation ETF	0.00%	0.00%
MKTN Federated Hermes MDT Market Neutral ETF	0.51%	0.51%

Frequently Asked Questions

Can I hold both MKTN and ARKX in my portfolio?

MKTN and ARKX have a correlation of -0.16, 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, MKTN or ARKX?

MKTN has the higher dividend yield at 0.51%, compared with 0.00% for ARKX.

What is the main difference between MKTN and ARKX?

MKTN is categorized as Long-Short, while ARKX is Aerospace & Defense. They also come from different issuers: Federated Hermes and ARK.