MKTN vs. CBSE
MKTN (Federated Hermes MDT Market Neutral ETF) and CBSE (Clough Select Equity ETF) are both exchange-traded funds - MKTN is a Long-Short fund actively managed by Federated Hermes, while CBSE is a Large Cap Value Equities fund actively managed by Clough. Both are actively managed. At a correlation of -0.16, they often move in opposite directions.
Performance
MKTN vs. CBSE - 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 CBSE's 26.34% return.
MKTN
- 1D
- -0.15%
- 1M
- 2.68%
- 6M
- 4.51%
- YTD
- 3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBSE
- 1D
- 1.16%
- 1M
- -0.18%
- 6M
- 16.66%
- YTD
- 26.34%
- 1Y
- 34.73%
- 3Y*
- 28.21%
- 5Y*
- 12.10%
- 10Y*
- —
MKTN vs. CBSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 3.02% | 3.22% |
CBSE Clough Select Equity ETF | 26.34% | -4.04% |
Correlation
The correlation between MKTN and CBSE 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 25, 2025 | -0.16 |
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Return for Risk
MKTN vs. CBSE — Risk / Return Rank
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CBSE
MKTN vs. CBSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and Clough Select Equity ETF (CBSE). 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 | CBSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.57 | — |
| Martin ratioReturn relative to average drawdown | — | 7.29 | — |
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Drawdowns
MKTN vs. CBSE - Drawdown Comparison
The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum CBSE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for MKTN and CBSE.
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Drawdown Indicators
| MKTN | CBSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -36.30% | +32.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.57% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.30% | — |
Current DrawdownCurrent decline from peak | -0.15% | -5.30% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -12.16% | +11.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.78% | — |
Volatility
MKTN vs. CBSE - Volatility Comparison
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Volatility by Period
| MKTN | CBSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.61% | 25.29% | -18.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 24.56% | -17.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 24.11% | -17.50% |
Dividends
MKTN vs. CBSE - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.50%, more than CBSE's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBSE Clough Select Equity ETF | 0.27% | 0.35% | 0.37% | 1.50% | 0.52% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.50% | 0.51% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MKTN and CBSE 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.
MKTN has the higher dividend yield at 0.50%, compared with 0.27% for CBSE.
MKTN is categorized as Long-Short, while CBSE is Large Cap Value Equities. They also come from different issuers: Federated Hermes and Clough.
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