MKTN vs. KOID

Last updated Aug 4, 2026

MKTN (Federated Hermes MDT Market Neutral ETF) and KOID (KraneShares Global Humanoid Robotics and Physical AI Index ETF) are both exchange-traded funds - MKTN is a Equity Market Neutral fund actively managed by Federated, while KOID is a Technology Equities fund tracking the MerQube Global Humanoid Robotics and Physical AI Index. MKTN is actively managed, while KOID is passively managed. Their -0.16 correlation means they have often moved in opposite directions in the past. MKTN charges 1.94%/yr vs 0.79%/yr for KOID.

Performance

MKTN vs. KOID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral ETF (MKTN) and KraneShares Global Humanoid Robotics and Physical AI Index ETF (KOID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MKTN achieves a 5.83% return, which is significantly lower than KOID's 17.78% return.

MKTN

• 1D: -0.59%
• 1M: 3.96%
• 6M: 5.85%
• YTD: 5.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

KOID

• 1D: 2.51%
• 1M: -6.76%
• 6M: 11.54%
• YTD: 17.78%
• 1Y: 42.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 41.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KOID KraneShares Global Humanoid Robotics and Physical AI Index ETF	$4.83M	$7.02M	$7.52M
MKTN Federated Hermes MDT Market Neutral ETF	$689.04K	$500.50K	$628.77K

MKTN vs. KOID - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	5.83%	3.22%
KOID KraneShares Global Humanoid Robotics and Physical AI Index ETF	17.78%	0.91%

Correlation

The correlation between MKTN and KOID is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	-0.16

Return for Risk

MKTN vs. KOID — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MKTN

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

KOID

KOID Risk / Return Rank: 57
KOID Sharpe Ratio Rank: 61
KOID Sortino Ratio Rank: 59
KOID Omega Ratio Rank: 56
KOID Calmar Ratio Rank: 60
KOID Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MKTN vs. KOID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and KraneShares Global Humanoid Robotics and Physical AI Index ETF (KOID). 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	KOID	Difference
Sharpe ratio: Return per unit of total volatility	—	1.49	—
Sortino ratio: Return per unit of downside risk	—	2.07	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.17	—
Martin ratio: Return relative to average drawdown	—	6.23	—

Drawdowns

MKTN vs. KOID - Drawdown Comparison

The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum KOID drawdown of -19.63%. Use the drawdown chart below to compare losses from any high point for MKTN and KOID.

Drawdown Indicators

	MKTN	KOID	Difference
Max Drawdown Largest peak-to-trough decline	-4.13%	-19.63%	+15.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.63%	—
Current Drawdown Current decline from peak	-0.59%	-13.29%	+12.70%
Average Drawdown Average peak-to-trough decline	-1.08%	-4.20%	+3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.83%	—

Volatility

Volatility by Period

	MKTN	KOID	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.67%	28.61%	-21.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.67%	27.40%	-20.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.67%	27.40%	-20.73%

MKTN vs. KOID - Expense Ratio Comparison

MKTN has a 1.94% expense ratio, which is higher than KOID's 0.79% expense ratio.

Dividends

MKTN vs. KOID - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.48%, less than KOID's 0.72% yield.

Position	TTM	2025
KOID KraneShares Global Humanoid Robotics and Physical AI Index ETF	0.72%	0.85%
MKTN Federated Hermes MDT Market Neutral ETF	0.48%	0.51%

Frequently Asked Questions

Can I hold both MKTN and KOID in my portfolio?

MKTN and KOID have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MKTN or KOID?

On fees, KOID is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MKTN or KOID?

KOID is cheaper with a 0.79% expense ratio, compared with 1.94% for MKTN.

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

KOID has the higher dividend yield at 0.72%, compared with 0.48% for MKTN.

What is the main difference between MKTN and KOID?

MKTN is categorized as Equity Market Neutral, while KOID is Technology Equities. They also come from different issuers: Federated and KraneShares. Their fees differ too: 1.94% for MKTN and 0.79% for KOID.