MKTN vs. CTEC

Last updated Jun 25, 2026

MKTN (Federated Hermes MDT Market Neutral ETF) and CTEC (Global X CleanTech ETF) are both exchange-traded funds - MKTN is a Long-Short fund actively managed by Federated Hermes, while CTEC is a Alternative Energy Equities fund tracking the Indxx Global CleanTech Index. MKTN is actively managed, while CTEC is passively managed. At a correlation of -0.14, they often move in opposite directions.

Performance

MKTN vs. CTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral ETF (MKTN) and Global X CleanTech ETF (CTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MKTN achieves a 0.57% return, which is significantly lower than CTEC's 20.72% return.

MKTN

• 1D: 0.43%
• 1M: 0.32%
• YTD: 0.57%
• 6M: 0.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTEC

• 1D: -1.62%
• 1M: -13.28%
• YTD: 20.72%
• 6M: 17.33%
• 1Y: 89.03%
• 3Y*: -2.09%
• 5Y*: -8.16%
• 10Y*: —

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

MKTN vs. CTEC - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	0.57%	3.22%
CTEC Global X CleanTech ETF	20.72%	7.82%

Correlation

The correlation between MKTN and CTEC 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

Return for Risk

MKTN vs. CTEC — Risk / Return Rank

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

MKTN

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

CTEC

CTEC Risk / Return Rank: 77
CTEC Sharpe Ratio Rank: 84
CTEC Sortino Ratio Rank: 71
CTEC Omega Ratio Rank: 69
CTEC Calmar Ratio Rank: 88
CTEC Martin Ratio Rank: 72

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. CTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and Global X CleanTech ETF (CTEC). 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	CTEC	Difference
Sharpe ratio: Return per unit of total volatility	—	2.40	—
Sortino ratio: Return per unit of downside risk	—	2.85	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	4.62	—
Martin ratio: Return relative to average drawdown	—	11.89	—

Drawdowns

MKTN vs. CTEC - Drawdown Comparison

The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum CTEC drawdown of -81.58%. Use the drawdown chart below to compare losses from any high point for MKTN and CTEC.

Drawdown Indicators

	MKTN	CTEC	Difference
Max Drawdown Largest peak-to-trough decline	-4.13%	-81.58%	+77.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-65.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-76.46%	—
Current Drawdown Current decline from peak	-1.34%	-54.20%	+52.86%
Average Drawdown Average peak-to-trough decline	-1.20%	-52.35%	+51.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.51%	—

Volatility

Volatility by Period

	MKTN	CTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.74%	37.44%	-30.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.74%	36.94%	-30.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.74%	38.09%	-31.35%

Dividends

MKTN vs. CTEC - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.51%, less than CTEC's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CTEC Global X CleanTech ETF	0.62%	0.75%	1.56%	0.51%	0.25%	0.39%	0.02%
MKTN Federated Hermes MDT Market Neutral ETF	0.51%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MKTN and CTEC in my portfolio?

MKTN and CTEC 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.

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

CTEC has the higher dividend yield at 0.62%, compared with 0.51% for MKTN.

What is the main difference between MKTN and CTEC?

MKTN is categorized as Long-Short, while CTEC is Alternative Energy Equities. They also come from different issuers: Federated Hermes and Global X.