MKTN vs. CLIX

Last updated Jun 4, 2026

MKTN (Federated Hermes MDT Market Neutral ETF) and CLIX (ProShares Long Online/Short Stores ETF) are both Long-Short funds. MKTN is actively managed, while CLIX is passively managed. At a correlation of -0.00, they often move in opposite directions.

Performance

MKTN vs. CLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral ETF (MKTN) and ProShares Long Online/Short Stores ETF (CLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MKTN achieves a 1.27% return, which is significantly higher than CLIX's -6.21% return.

MKTN

• 1D: 0.12%
• 1M: 1.01%
• YTD: 1.27%
• 6M: 4.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLIX

• 1D: -2.35%
• 1M: -6.73%
• YTD: -6.21%
• 6M: -6.37%
• 1Y: 12.94%
• 3Y*: 18.92%
• 5Y*: -6.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MKTN vs. CLIX - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	1.27%	3.53%
CLIX ProShares Long Online/Short Stores ETF	-6.21%	1.16%

Correlation

The correlation between MKTN and CLIX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	-0.00

Return for Risk

MKTN vs. CLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLIX

CLIX Risk / Return Rank: 18
CLIX Sharpe Ratio Rank: 19
CLIX Sortino Ratio Rank: 18
CLIX Omega Ratio Rank: 18
CLIX Calmar Ratio Rank: 17
CLIX Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MKTN	CLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.62	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.17	+0.89

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.

Drawdown Indicators

	MKTN	CLIX	Difference
Max Drawdown Largest 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	—	-68.22%	—
Current Drawdown Current decline from peak	-0.65%	-44.59%	+43.94%
Average Drawdown Average peak-to-trough decline	-1.13%	-34.70%	+33.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.15%	—

Volatility

Volatility by Period

	MKTN	CLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.81%	20.89%	-14.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.81%	26.94%	-20.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.81%	25.92%	-19.11%

Dividends

MKTN vs. CLIX - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.50%, less than CLIX's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CLIX ProShares Long Online/Short Stores ETF	0.57%	0.46%	0.46%	0.00%	0.00%	0.00%	1.33%
MKTN Federated Hermes MDT Market Neutral ETF	0.50%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MKTN and CLIX in my portfolio?

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.

Which ETF pays a higher dividend yield, MKTN or CLIX?

CLIX has the higher dividend yield at 0.57%, compared with 0.50% for MKTN.

What is the main difference between MKTN and CLIX?

They also come from different issuers: Federated Hermes and ProShares.