MKTN vs. EQLS

Last updated Jun 25, 2026

MKTN (Federated Hermes MDT Market Neutral ETF) and EQLS (Simplify Market Neutral Equity Long/Short ETF) are both Long-Short funds. Both are actively managed.

Performance

MKTN vs. EQLS - Performance Comparison

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

Returns By Period

MKTN

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

EQLS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MKTN vs. EQLS - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	0.57%	3.22%
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%	0.00%

Return for Risk

MKTN vs. EQLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and Simplify Market Neutral Equity Long/Short ETF (EQLS). 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.

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

Drawdowns

Drawdown Indicators

	MKTN	EQLS	Difference
Max Drawdown Largest peak-to-trough decline	-4.13%	—	—
Current Drawdown Current decline from peak	-1.34%	—	—
Average Drawdown Average peak-to-trough decline	-1.20%	—	—

Volatility

Volatility by Period

	MKTN	EQLS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.74%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.74%	—	—

Dividends

MKTN vs. EQLS - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.51%, while EQLS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
EQLS Simplify Market Neutral Equity Long/Short ETF	0.00%	0.45%	0.95%	8.50%
MKTN Federated Hermes MDT Market Neutral ETF	0.51%	0.51%	0.00%	0.00%

Frequently Asked Questions

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

MKTN has the higher dividend yield at 0.51%, compared with 0.00% for EQLS.

What is the main difference between MKTN and EQLS?

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