MKTN vs. CLIX
MKTN (Federated Hermes MDT Market Neutral ETF) and CLIX (ProShares Long Online/Short Stores ETF) are both exchange-traded funds - MKTN is a Equity Market Neutral fund actively managed by Federated, while CLIX is a Long-Short fund tracking the ProShares Long Online/Short Stores Index. MKTN is actively managed, while CLIX is passively managed. Their 0.00 correlation means their historical movements had little consistent relationship. MKTN charges 1.94%/yr vs 0.65%/yr for CLIX.
Performance
MKTN vs. CLIX - Performance Comparison
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Returns By Period
In the year-to-date period, MKTN achieves a 5.83% return, which is significantly higher than CLIX's 1.07% return.
MKTN
- 1D
- -0.59%
- 1M
- 3.96%
- 6M
- 5.85%
- YTD
- 5.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CLIX
- 1D
- 1.65%
- 1M
- 7.82%
- 6M
- 2.99%
- YTD
- 1.07%
- 1Y
- 13.88%
- 3Y*
- 17.63%
- 5Y*
- -4.07%
- 10Y*
- —
- ALL TIME*
- 5.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.47K | $49.46K | $33.10K | |
| $689.04K | $500.50K | $628.77K |
MKTN vs. CLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 5.83% | 3.22% |
CLIX ProShares Long Online/Short Stores ETF | 1.07% | 1.02% |
Correlation
The correlation between MKTN and CLIX is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | 0.00 |
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Return for Risk
MKTN vs. CLIX — Risk / Return Rank
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLIX
MKTN vs. CLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and ProShares Long Online/Short Stores ETF (CLIX). 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 | CLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.12 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.71 | — |
| Martin ratioReturn relative to average drawdown | — | 1.71 | — |
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Drawdowns
MKTN vs. CLIX - Drawdown Comparison
The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum CLIX drawdown of -73.21%. Use the drawdown chart below to compare losses from any high point for MKTN and CLIX.
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Drawdown Indicators
| MKTN | CLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -73.21% | +69.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -19.57% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.44% | — |
Current DrawdownCurrent decline from peak | -0.59% | -40.29% | +39.70% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -34.87% | +33.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.12% | — |
Volatility
MKTN vs. CLIX - Volatility Comparison
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Volatility by Period
| MKTN | CLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 21.95% | -15.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.67% | 26.88% | -20.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 25.89% | -19.22% |
MKTN vs. CLIX - Expense Ratio Comparison
MKTN has a 1.94% expense ratio, which is higher than CLIX's 0.65% expense ratio.
Dividends
MKTN vs. CLIX - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.48%, less than CLIX's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.52% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.48% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MKTN and CLIX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLIX is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLIX is cheaper with a 0.65% expense ratio, compared with 1.94% for MKTN.
CLIX has the higher dividend yield at 0.52%, compared with 0.48% for MKTN.
MKTN is categorized as Equity Market Neutral, while CLIX is Long-Short. They also come from different issuers: Federated and ProShares. Their fees differ too: 1.94% for MKTN and 0.65% for CLIX.
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