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 Equity Market Neutral fund actively managed by Federated, while ARTY is a Artificial Intelligence fund tracking the Morningstar Global Artificial Intelligence Select Index (Net). MKTN is actively managed, while ARTY is passively managed. Their -0.17 correlation means they have often moved in opposite directions in the past. MKTN charges 1.94%/yr vs 0.47%/yr for ARTY.
Performance
MKTN vs. ARTY - Performance Comparison
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Returns By Period
In the year-to-date period, MKTN achieves a 5.83% return, which is significantly lower than ARTY's 43.11% return.
MKTN
- 1D
- -0.59%
- 1M
- 3.96%
- 6M
- 5.85%
- YTD
- 5.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ARTY
- 1D
- 3.39%
- 1M
- -3.07%
- 6M
- 32.62%
- YTD
- 43.11%
- 1Y
- 63.16%
- 3Y*
- 28.37%
- 5Y*
- 10.52%
- 10Y*
- —
- ALL TIME*
- 15.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.64M | $36.90M | $59.33M | |
| $689.04K | $500.50K | $628.77K |
MKTN vs. ARTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 5.83% | 3.22% |
ARTY iShares Future AI & Tech ETF | 43.11% | 6.36% |
Correlation
The correlation between MKTN and ARTY is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | -0.17 |
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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 | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.64 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
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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.
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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 | — | -24.00% | — |
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 | -0.59% | -14.61% | +14.02% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -19.68% | +18.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.46% | — |
Volatility
MKTN vs. ARTY - Volatility Comparison
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Volatility by Period
| MKTN | ARTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 37.42% | -30.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.67% | 30.34% | -23.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 28.65% | -21.98% |
MKTN vs. ARTY - Expense Ratio Comparison
MKTN has a 1.94% expense ratio, which is higher than ARTY's 0.47% expense ratio.
Dividends
MKTN vs. ARTY - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.48%, 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 | 0.48% | 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 -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ARTY is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ARTY is cheaper with a 0.47% expense ratio, compared with 1.94% for MKTN.
MKTN has the higher dividend yield at 0.48%, compared with 0.06% for ARTY.
MKTN is categorized as Equity Market Neutral, while ARTY is Artificial Intelligence. They also come from different issuers: Federated and iShares. Their fees differ too: 1.94% for MKTN and 0.47% for ARTY.
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