MKTN vs. CRQ.NEO

Last updated Jun 5, 2026

MKTN (Federated Hermes MDT Market Neutral ETF) and CRQ.NEO (iShares Canadian Fundamental Index ETF) are both exchange-traded funds - MKTN is a Long-Short fund actively managed by Federated Hermes, while CRQ.NEO is a Canada Equities fund tracking the FTSE RAFI Canada Index. MKTN is actively managed, while CRQ.NEO is passively managed. At a correlation of -0.09, they often move in opposite directions.

Performance

MKTN vs. CRQ.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral ETF (MKTN) and iShares Canadian Fundamental Index ETF (CRQ.NEO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MKTN is traded in USD, while CRQ.NEO is traded in CAD. To make them comparable, the CRQ.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MKTN achieves a 0.96% return, which is significantly lower than CRQ.NEO's 15.72% return.

MKTN

• 1D: -0.31%
• 1M: 1.00%
• YTD: 0.96%
• 6M: 3.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRQ.NEO

• 1D: 1.02%
• 1M: 2.53%
• YTD: 15.72%
• 6M: 20.71%
• 1Y: 42.03%
• 3Y*: 25.34%
• 5Y*: 14.59%
• 10Y*: 12.55%

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

MKTN vs. CRQ.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	0.96%	3.53%
CRQ.NEO iShares Canadian Fundamental Index ETF	15.72%	10.02%

Correlation

The correlation between MKTN and CRQ.NEO is -0.09, 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	-0.09

Return for Risk

MKTN vs. CRQ.NEO — Risk / Return Rank

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

CRQ.NEO

CRQ.NEO Risk / Return Rank: 96
CRQ.NEO Sharpe Ratio Rank: 97
CRQ.NEO Sortino Ratio Rank: 97
CRQ.NEO Omega Ratio Rank: 98
CRQ.NEO Calmar Ratio Rank: 93
CRQ.NEO Martin Ratio Rank: 95

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. CRQ.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and iShares Canadian Fundamental Index ETF (CRQ.NEO). 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	CRQ.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.64	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.47	+0.51

Drawdowns

MKTN vs. CRQ.NEO - Drawdown Comparison

The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum CRQ.NEO drawdown of -47.39%. Use the drawdown chart below to compare losses from any high point for MKTN and CRQ.NEO.

Drawdown Indicators

	MKTN	CRQ.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-4.13%	-47.39%	+43.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.13%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.39%	—
Current Drawdown Current decline from peak	-0.96%	0.00%	-0.96%
Average Drawdown Average peak-to-trough decline	-1.13%	-9.86%	+8.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.68%	—

Volatility

Volatility by Period

	MKTN	CRQ.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.80%	11.59%	-4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.80%	16.09%	-9.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.80%	19.79%	-12.99%

Dividends

MKTN vs. CRQ.NEO - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.51%, less than CRQ.NEO's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRQ.NEO iShares Canadian Fundamental Index ETF	1.87%	2.18%	2.72%	2.97%	2.90%	2.17%	2.98%	2.71%	2.46%	1.91%	1.89%	3.09%
MKTN Federated Hermes MDT Market Neutral ETF	0.51%	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

Can I hold both MKTN and CRQ.NEO in my portfolio?

MKTN and CRQ.NEO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between MKTN and CRQ.NEO?

MKTN is categorized as Long-Short, while CRQ.NEO is Canada Equities. They also come from different issuers: Federated Hermes and iShares.