MKTN vs. IALT

Last updated Apr 1, 2026

Compare and contrast key facts about Federated Hermes MDT Market Neutral ETF (MKTN) and iShares Systematic Alternatives Active ETF (IALT).

MKTN and IALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MKTN is an actively managed fund by Federated Hermes. It was launched on Sep 25, 2025. IALT is an actively managed fund by iShares. It was launched on Dec 9, 2025.

Performance

MKTN vs. IALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral ETF (MKTN) and iShares Systematic Alternatives Active ETF (IALT). The values are adjusted to include any dividend payments, if applicable.

MKTN vs. IALT - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	1.19%	1.34%
IALT iShares Systematic Alternatives Active ETF	8.36%	0.73%

Returns By Period

In the year-to-date period, MKTN achieves a 1.19% return, which is significantly lower than IALT's 8.36% return.

MKTN

• 1D: -0.17%
• 1M: 0.51%
• YTD: 1.19%
• 6M: 4.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IALT

• 1D: 0.56%
• 1M: 3.06%
• YTD: 8.36%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MKTN vs. IALT - Expense Ratio Comparison

IALT

iShares Systematic Alternatives Active ETF

Return for Risk

MKTN vs. IALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and iShares Systematic Alternatives Active ETF (IALT). 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.

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

Sharpe Ratios by Period

	MKTN	IALT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	4.68	-3.21

Correlation

The correlation between MKTN and IALT is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MKTN vs. IALT - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.50%, more than IALT's 0.13% yield.

	TTM	2025
MKTN Federated Hermes MDT Market Neutral ETF	0.50%	0.51%
IALT iShares Systematic Alternatives Active ETF	0.13%	0.14%

Drawdowns

MKTN vs. IALT - Drawdown Comparison

The maximum MKTN drawdown since its inception was -3.26%, which is greater than IALT's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for MKTN and IALT.

Drawdown Indicators

	MKTN	IALT	Difference
Max Drawdown Largest peak-to-trough decline	-3.26%	-1.28%	-1.98%
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-0.82%	-0.26%	-0.56%

Volatility

Volatility by Period

	MKTN	IALT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.55%	7.25%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.55%	7.25%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.55%	7.25%	-0.70%