MKTN vs. FFLS
MKTN (Federated Hermes MDT Market Neutral ETF) and FFLS (The Future Fund Long/Short ETF) are both Long-Short funds. Both are actively managed. At a correlation of -0.06, they often move in opposite directions.
Performance
MKTN vs. FFLS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MKTN achieves a 3.02% return, which is significantly higher than FFLS's -0.46% return.
MKTN
- 1D
- -0.15%
- 1M
- 2.68%
- 6M
- 4.51%
- YTD
- 3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FFLS
- 1D
- 0.68%
- 1M
- 2.83%
- 6M
- -2.74%
- YTD
- -0.46%
- 1Y
- -2.03%
- 3Y*
- 8.72%
- 5Y*
- —
- 10Y*
- —
MKTN vs. FFLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 3.02% | 3.22% |
FFLS The Future Fund Long/Short ETF | -0.46% | -3.36% |
Correlation
The correlation between MKTN and FFLS is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | -0.06 |
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. FFLS — Risk / Return Rank
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FFLS
MKTN vs. FFLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and The Future Fund Long/Short ETF (FFLS). 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 | FFLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.97 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.18 | — |
| Martin ratioReturn relative to average drawdown | — | -0.37 | — |
Loading charts...
Drawdowns
MKTN vs. FFLS - Drawdown Comparison
The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum FFLS drawdown of -11.05%. Use the drawdown chart below to compare losses from any high point for MKTN and FFLS.
Loading charts...
Drawdown Indicators
| MKTN | FFLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -11.05% | +6.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.05% | — |
Current DrawdownCurrent decline from peak | -0.15% | -5.15% | +5.00% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -3.20% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.42% | — |
Volatility
MKTN vs. FFLS - Volatility Comparison
Loading charts...
Volatility by Period
| MKTN | FFLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.61% | 9.83% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 11.38% | -4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 11.38% | -4.77% |
Dividends
MKTN vs. FFLS - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.50%, less than FFLS's 6.61% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FFLS The Future Fund Long/Short ETF | 6.61% | 6.58% | 3.34% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.50% | 0.51% | 0.00% |
Frequently Asked Questions
MKTN and FFLS have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFLS has the higher dividend yield at 6.61%, compared with 0.50% for MKTN.
They also come from different issuers: Federated Hermes and The Future Fund.
Find the right allocation for MKTN and FFLS
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