MKTN vs. HELS

Last updated Jul 17, 2026

MKTN (Federated Hermes MDT Market Neutral ETF) and HELS (Hedgeye 130/30 Equity ETF) are both Long-Short funds. Both are actively managed. At a correlation of -0.07, they often move in opposite directions.

Performance

MKTN vs. HELS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral ETF (MKTN) and Hedgeye 130/30 Equity ETF (HELS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MKTN achieves a 3.22% return, which is significantly higher than HELS's 0.49% return.

MKTN

• 1D: 0.27%
• 1M: 3.13%
• 6M: 6.21%
• YTD: 3.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HELS

• 1D: -0.03%
• 1M: 2.03%
• 6M: -3.29%
• YTD: 0.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MKTN vs. HELS - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	3.22%	1.34%
HELS Hedgeye 130/30 Equity ETF	0.49%	-2.37%

Correlation

The correlation between MKTN and HELS is -0.07, 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 Dec 11, 2025	-0.07

Return for Risk

MKTN vs. HELS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and Hedgeye 130/30 Equity ETF (HELS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

MKTN vs. HELS - Drawdown Comparison

The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum HELS drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for MKTN and HELS.

Drawdown Indicators

	MKTN	HELS	Difference
Max Drawdown Largest peak-to-trough decline	-4.13%	-13.60%	+9.47%
Current Drawdown Current decline from peak	0.00%	-5.84%	+5.84%
Average Drawdown Average peak-to-trough decline	-1.13%	-5.71%	+4.58%

Volatility

Volatility by Period

	MKTN	HELS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.59%	16.10%	-9.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.59%	16.10%	-9.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.59%	16.10%	-9.51%

Dividends

MKTN vs. HELS - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.49%, more than HELS's 0.02% yield.

Position	TTM	2025
HELS Hedgeye 130/30 Equity ETF	0.02%	0.02%
MKTN Federated Hermes MDT Market Neutral ETF	0.49%	0.51%

Frequently Asked Questions

Can I hold both MKTN and HELS in my portfolio?

MKTN and HELS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, MKTN or HELS?

MKTN has the higher dividend yield at 0.49%, compared with 0.02% for HELS.

What is the main difference between MKTN and HELS?

They also come from different issuers: Federated Hermes and Hedgeye.