MKTN vs. FLCV
MKTN (Federated Hermes MDT Market Neutral ETF) and FLCV (Federated Hermes MDT Large Cap Value ETF) are both exchange-traded funds - MKTN is a Equity Market Neutral fund actively managed by Federated, while FLCV is a Large Cap Value Equities fund actively managed by Federated. Both are actively managed. Their 0.09 correlation means their historical movements had little consistent relationship. MKTN charges 1.94%/yr vs 0.32%/yr for FLCV.
Performance
MKTN vs. FLCV - Performance Comparison
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Returns By Period
In the year-to-date period, MKTN achieves a 6.46% return, which is significantly lower than FLCV's 18.87% return.
MKTN
- 1D
- 0.33%
- 1M
- 4.57%
- 6M
- 7.01%
- YTD
- 6.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FLCV
- 1D
- 0.53%
- 1M
- 3.24%
- 6M
- 14.98%
- YTD
- 18.87%
- 1Y
- 26.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.44M | $1.83M | $941.78K | |
| $666.28K | $482.62K | $621.59K |
MKTN vs. FLCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 6.46% | 3.22% |
FLCV Federated Hermes MDT Large Cap Value ETF | 18.87% | 3.33% |
Correlation
The correlation between MKTN and FLCV 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 |
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Return for Risk
MKTN vs. FLCV — Risk / Return Rank
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLCV
MKTN vs. FLCV - 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 MDT Large Cap Value ETF (FLCV). 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 | FLCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.49 | — |
| Martin ratioReturn relative to average drawdown | — | 17.56 | — |
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Drawdowns
MKTN vs. FLCV - Drawdown Comparison
The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum FLCV drawdown of -15.93%. Use the drawdown chart below to compare losses from any high point for MKTN and FLCV.
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Drawdown Indicators
| MKTN | FLCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -15.93% | +11.80% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.70% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -1.92% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.46% | — |
Volatility
MKTN vs. FLCV - Volatility Comparison
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Volatility by Period
| MKTN | FLCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 11.53% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 14.68% | -8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.65% | 14.68% | -8.03% |
MKTN vs. FLCV - Expense Ratio Comparison
MKTN has a 1.94% expense ratio, which is higher than FLCV's 0.32% expense ratio.
Dividends
MKTN vs. FLCV - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.48%, less than FLCV's 0.69% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FLCV Federated Hermes MDT Large Cap Value ETF | 0.69% | 0.83% | 0.24% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.48% | 0.51% | 0.00% |
Frequently Asked Questions
MKTN and FLCV 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, FLCV is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLCV is cheaper with a 0.32% expense ratio, compared with 1.94% for MKTN.
FLCV has the higher dividend yield at 0.69%, compared with 0.48% for MKTN.
MKTN is categorized as Equity Market Neutral, while FLCV is Large Cap Value Equities. Their fees differ too: 1.94% for MKTN and 0.32% for FLCV.
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