MKTN vs. FCSH
MKTN (Federated Hermes MDT Market Neutral ETF) and FCSH (Federated Hermes Short Duration Corporate ETF) are both exchange-traded funds - MKTN is a Equity Market Neutral fund actively managed by Federated, while FCSH is a Short-Term Bond fund actively managed by Federated. Both are actively managed. Their -0.09 correlation means they have often moved in opposite directions in the past. MKTN charges 1.94%/yr vs 0.30%/yr for FCSH.
Performance
MKTN vs. FCSH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MKTN achieves a 5.83% return, which is significantly higher than FCSH's 0.65% return.
MKTN
- 1D
- -0.59%
- 1M
- 3.96%
- 6M
- 5.85%
- YTD
- 5.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FCSH
- 1D
- 0.17%
- 1M
- -0.14%
- 6M
- 0.41%
- YTD
- 0.65%
- 1Y
- 2.76%
- 3Y*
- 5.00%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.61K | $21.88K | $31.43K | |
| $689.04K | $500.50K | $628.77K |
MKTN vs. FCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 5.83% | 3.22% |
FCSH Federated Hermes Short Duration Corporate ETF | 0.65% | 1.18% |
Correlation
The correlation between MKTN and FCSH is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | -0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MKTN vs. FCSH — Risk / Return Rank
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FCSH
MKTN vs. FCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and Federated Hermes Short Duration Corporate ETF (FCSH). 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 | FCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.23 | — |
| Martin ratioReturn relative to average drawdown | — | 6.53 | — |
Loading charts...
Drawdowns
MKTN vs. FCSH - Drawdown Comparison
The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum FCSH drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for MKTN and FCSH.
Loading charts...
Drawdown Indicators
| MKTN | FCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -8.47% | +4.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.24% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.32% | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.49% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -2.15% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.42% | — |
Volatility
MKTN vs. FCSH - Volatility Comparison
Loading charts...
Volatility by Period
| MKTN | FCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.65% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 1.93% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.67% | 2.87% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 2.87% | +3.80% |
MKTN vs. FCSH - Expense Ratio Comparison
MKTN has a 1.94% expense ratio, which is higher than FCSH's 0.30% expense ratio.
Dividends
MKTN vs. FCSH - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.48%, less than FCSH's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FCSH Federated Hermes Short Duration Corporate ETF | 4.23% | 4.14% | 4.44% | 2.31% | 1.76% | 0.04% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.48% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MKTN and FCSH 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.
On fees, FCSH is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCSH is cheaper with a 0.30% expense ratio, compared with 1.94% for MKTN.
FCSH has the higher dividend yield at 4.23%, compared with 0.48% for MKTN.
MKTN is categorized as Equity Market Neutral, while FCSH is Short-Term Bond. Their fees differ too: 1.94% for MKTN and 0.30% for FCSH.
Find the right allocation for MKTN and FCSH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer