MKTN vs. FCVT
MKTN (Federated Hermes MDT Market Neutral ETF) and FCVT (First Trust SSI Strategic Convertible Securities ETF) are both exchange-traded funds - MKTN is a Equity Market Neutral fund actively managed by Federated, while FCVT is a Convertible Bonds fund actively managed by First Trust. Both are actively managed. Their -0.15 correlation means they have often moved in opposite directions in the past. MKTN charges 1.94%/yr vs 0.95%/yr for FCVT.
Performance
MKTN vs. FCVT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MKTN achieves a 5.83% return, which is significantly lower than FCVT's 17.32% return.
MKTN
- 1D
- -0.59%
- 1M
- 3.96%
- 6M
- 5.85%
- YTD
- 5.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FCVT
- 1D
- 2.20%
- 1M
- -2.49%
- 6M
- 9.67%
- YTD
- 17.32%
- 1Y
- 29.79%
- 3Y*
- 17.52%
- 5Y*
- 5.76%
- 10Y*
- 11.20%
- ALL TIME*
- 10.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.39M | $2.14M | $1.42M | |
| $689.04K | $500.50K | $628.77K |
MKTN vs. FCVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 5.83% | 3.22% |
FCVT First Trust SSI Strategic Convertible Securities ETF | 17.32% | 1.73% |
Correlation
The correlation between MKTN and FCVT is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | -0.15 |
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. FCVT — Risk / Return Rank
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FCVT
MKTN vs. FCVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and First Trust SSI Strategic Convertible Securities ETF (FCVT). 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 | FCVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.16 | — |
| Martin ratioReturn relative to average drawdown | — | 8.56 | — |
Loading charts...
Drawdowns
MKTN vs. FCVT - Drawdown Comparison
The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum FCVT drawdown of -31.79%. Use the drawdown chart below to compare losses from any high point for MKTN and FCVT.
Loading charts...
Drawdown Indicators
| MKTN | FCVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -31.79% | +27.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.87% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.79% | — |
Current DrawdownCurrent decline from peak | -0.59% | -8.10% | +7.51% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -10.29% | +9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.49% | — |
Volatility
MKTN vs. FCVT - Volatility Comparison
Loading charts...
Volatility by Period
| MKTN | FCVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 19.20% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.67% | 14.80% | -8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 15.01% | -8.34% |
MKTN vs. FCVT - Expense Ratio Comparison
MKTN has a 1.94% expense ratio, which is higher than FCVT's 0.95% expense ratio.
Dividends
MKTN vs. FCVT - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.48%, less than FCVT's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.12% | 1.98% | 1.30% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.48% | 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
MKTN and FCVT have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCVT is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCVT is cheaper with a 0.95% expense ratio, compared with 1.94% for MKTN.
FCVT has the higher dividend yield at 1.12%, compared with 0.48% for MKTN.
MKTN is categorized as Equity Market Neutral, while FCVT is Convertible Bonds. They also come from different issuers: Federated and First Trust. Their fees differ too: 1.94% for MKTN and 0.95% for FCVT.
Find the right allocation for MKTN and FCVT
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