MKTN vs. ARTY
MKTN (Federated Hermes MDT Market Neutral ETF) and ARTY (iShares Future AI & Tech ETF) are both exchange-traded funds - MKTN is a Long-Short fund actively managed by Federated Hermes, while ARTY is a Technology Equities fund tracking the Morningstar Global Artificial Intelligence Select Index (Net). MKTN is actively managed, while ARTY is passively managed. At a correlation of -0.15, they often move in opposite directions.
Performance
MKTN vs. ARTY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MKTN achieves a 3.02% return, which is significantly lower than ARTY's 45.29% return.
MKTN
- 1D
- -0.15%
- 1M
- 2.68%
- 6M
- 4.51%
- YTD
- 3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARTY
- 1D
- 0.45%
- 1M
- -4.46%
- 6M
- 37.55%
- YTD
- 45.29%
- 1Y
- 69.58%
- 3Y*
- 26.85%
- 5Y*
- 11.00%
- 10Y*
- —
MKTN vs. ARTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 3.02% | 3.22% |
ARTY iShares Future AI & Tech ETF | 45.29% | 6.36% |
Correlation
The correlation between MKTN and ARTY is -0.15, 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 25, 2025 | -0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MKTN vs. ARTY — Risk / Return Rank
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ARTY
MKTN vs. ARTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and iShares Future AI & Tech ETF (ARTY). 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.
| MKTN | ARTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.72 | — |
| Martin ratioReturn relative to average drawdown | — | 11.17 | — |
Loading charts...
Drawdowns
MKTN vs. ARTY - Drawdown Comparison
The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum ARTY drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for MKTN and ARTY.
Loading charts...
Drawdown Indicators
| MKTN | ARTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -54.50% | +50.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.53% | — |
Current DrawdownCurrent decline from peak | -0.15% | -13.31% | +13.16% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -19.69% | +18.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.25% | — |
Volatility
MKTN vs. ARTY - Volatility Comparison
Loading charts...
Volatility by Period
| MKTN | ARTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.61% | 35.31% | -28.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 29.85% | -23.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 28.40% | -21.79% |
Dividends
MKTN vs. ARTY - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.50%, more than ARTY's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ARTY iShares Future AI & Tech ETF | 0.06% | 0.00% | 0.50% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.50% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MKTN and ARTY have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKTN has the higher dividend yield at 0.50%, compared with 0.06% for ARTY.
MKTN is categorized as Long-Short, while ARTY is Technology Equities. They also come from different issuers: Federated Hermes and iShares.
Find the right allocation for MKTN and ARTY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer