MKTN vs. ASHS
MKTN (Federated Hermes MDT Market Neutral ETF) and ASHS (Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF) are both exchange-traded funds - MKTN is a Long-Short fund actively managed by Federated Hermes, while ASHS is a China Equities fund tracking the CSI 500 Index. MKTN is actively managed, while ASHS is passively managed. At a correlation of -0.14, they often move in opposite directions.
Performance
MKTN vs. ASHS - Performance Comparison
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Returns By Period
In the year-to-date period, MKTN achieves a 3.02% return, which is significantly lower than ASHS's 16.06% return.
MKTN
- 1D
- -0.15%
- 1M
- 2.68%
- 6M
- 4.51%
- YTD
- 3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASHS
- 1D
- 2.88%
- 1M
- 2.77%
- 6M
- 6.29%
- YTD
- 16.06%
- 1Y
- 49.02%
- 3Y*
- 14.43%
- 5Y*
- 3.58%
- 10Y*
- 2.92%
MKTN vs. ASHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 3.02% | 3.22% |
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 16.06% | 4.41% |
Correlation
The correlation between MKTN and ASHS is -0.14, 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 | -0.14 |
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Return for Risk
MKTN vs. ASHS — Risk / Return Rank
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ASHS
MKTN vs. ASHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS). 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 | ASHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.51 | — |
| Martin ratioReturn relative to average drawdown | — | 10.58 | — |
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Drawdowns
MKTN vs. ASHS - Drawdown Comparison
The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum ASHS drawdown of -69.90%. Use the drawdown chart below to compare losses from any high point for MKTN and ASHS.
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Drawdown Indicators
| MKTN | ASHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -69.90% | +65.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.81% | — |
Current DrawdownCurrent decline from peak | -0.15% | -33.01% | +32.86% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -48.41% | +47.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.65% | — |
Volatility
MKTN vs. ASHS - Volatility Comparison
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Volatility by Period
| MKTN | ASHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.61% | 25.03% | -18.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 26.88% | -20.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 25.75% | -19.14% |
Dividends
MKTN vs. ASHS - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.50%, while ASHS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 0.00% | 0.00% | 0.69% | 0.65% | 1.90% | 0.76% | 0.43% | 0.57% | 0.00% | 0.00% | 0.00% | 8.34% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MKTN and ASHS have a correlation of -0.14, 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 0.00% for ASHS.
MKTN is categorized as Long-Short, while ASHS is China Equities. They also come from different issuers: Federated Hermes and Deutsche Bank.
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