MKTN vs. FTRB
MKTN (Federated Hermes MDT Market Neutral ETF) and FTRB (Federated Hermes Total Return Bond ETF) are both exchange-traded funds - MKTN is a Equity Market Neutral fund actively managed by Federated, while FTRB is a Intermediate Core-Plus Bond fund actively managed by Federated. Both are actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. MKTN charges 1.94%/yr vs 0.39%/yr for FTRB.
Performance
MKTN vs. FTRB - Performance Comparison
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Returns By Period
In the year-to-date period, MKTN achieves a 5.83% return, which is significantly higher than FTRB's -0.43% return.
MKTN
- 1D
- -0.59%
- 1M
- 3.96%
- 6M
- 5.85%
- YTD
- 5.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FTRB
- 1D
- 0.08%
- 1M
- -0.96%
- 6M
- -0.46%
- YTD
- -0.43%
- 1Y
- 2.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.98M | $3.03M | $2.98M | |
| $689.04K | $500.50K | $628.77K |
MKTN vs. FTRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 5.83% | 3.22% |
FTRB Federated Hermes Total Return Bond ETF | -0.43% | 1.34% |
Correlation
The correlation between MKTN and FTRB is -0.02, 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 | -0.02 |
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Return for Risk
MKTN vs. FTRB — Risk / Return Rank
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTRB
MKTN vs. FTRB - 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 Total Return Bond ETF (FTRB). 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 | FTRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.91 | — |
| Martin ratioReturn relative to average drawdown | — | 2.35 | — |
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Drawdowns
MKTN vs. FTRB - Drawdown Comparison
The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum FTRB drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for MKTN and FTRB.
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Drawdown Indicators
| MKTN | FTRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.13% | -4.83% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.80% | — |
Current DrawdownCurrent decline from peak | -0.59% | -2.07% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -1.30% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.08% | — |
Volatility
MKTN vs. FTRB - Volatility Comparison
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Volatility by Period
| MKTN | FTRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 3.46% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.67% | 4.48% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 4.48% | +2.19% |
MKTN vs. FTRB - Expense Ratio Comparison
MKTN has a 1.94% expense ratio, which is higher than FTRB's 0.39% expense ratio.
Dividends
MKTN vs. FTRB - Dividend Comparison
MKTN's dividend yield for the trailing twelve months is around 0.48%, less than FTRB's 4.40% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FTRB Federated Hermes Total Return Bond ETF | 4.40% | 4.46% | 4.40% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.48% | 0.51% | 0.00% |
Frequently Asked Questions
MKTN and FTRB have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTRB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTRB is cheaper with a 0.39% expense ratio, compared with 1.94% for MKTN.
FTRB has the higher dividend yield at 4.40%, compared with 0.48% for MKTN.
MKTN is categorized as Equity Market Neutral, while FTRB is Intermediate Core-Plus Bond. Their fees differ too: 1.94% for MKTN and 0.39% for FTRB.
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