MKTN vs. DRIV

Last updated Jun 25, 2026

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

Performance

MKTN vs. DRIV - 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 Autonomous & Electric Vehicles ETF (DRIV). 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 DRIV's 28.07% return.

MKTN

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

DRIV

• 1D: -1.13%
• 1M: -6.23%
• YTD: 28.07%
• 6M: 25.63%
• 1Y: 66.02%
• 3Y*: 16.77%
• 5Y*: 7.51%
• 10Y*: —

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

MKTN vs. DRIV - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	0.57%	3.22%
DRIV Global X Autonomous & Electric Vehicles ETF	28.07%	6.74%

Correlation

The correlation between MKTN and DRIV 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. DRIV — 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.

DRIV

DRIV Risk / Return Rank: 81
DRIV Sharpe Ratio Rank: 84
DRIV Sortino Ratio Rank: 73
DRIV Omega Ratio Rank: 74
DRIV Calmar Ratio Rank: 90
DRIV Martin Ratio Rank: 84

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. DRIV - 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 Autonomous & Electric Vehicles ETF (DRIV). 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	DRIV	Difference
Sharpe ratio: Return per unit of total volatility	—	2.41	—
Sortino ratio: Return per unit of downside risk	—	2.93	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	4.94	—
Martin ratio: Return relative to average drawdown	—	15.51	—

Drawdowns

MKTN vs. DRIV - Drawdown Comparison

The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum DRIV drawdown of -41.93%. Use the drawdown chart below to compare losses from any high point for MKTN and DRIV.

Drawdown Indicators

	MKTN	DRIV	Difference
Max Drawdown Largest peak-to-trough decline	-4.13%	-41.93%	+37.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.93%	—
Current Drawdown Current decline from peak	-1.34%	-10.92%	+9.58%
Average Drawdown Average peak-to-trough decline	-1.20%	-15.07%	+13.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.27%	—

Volatility

Volatility by Period

	MKTN	DRIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.74%	27.65%	-20.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.74%	27.57%	-20.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.74%	27.63%	-20.89%

Dividends

MKTN vs. DRIV - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.51%, less than DRIV's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRIV Global X Autonomous & Electric Vehicles ETF	0.83%	1.07%	2.07%	1.62%	1.24%	0.32%	0.29%	1.23%	2.79%
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%

Frequently Asked Questions

Can I hold both MKTN and DRIV in my portfolio?

MKTN and DRIV 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 DRIV?

DRIV has the higher dividend yield at 0.83%, compared with 0.51% for MKTN.

What is the main difference between MKTN and DRIV?

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