MKTN vs. WTIP

Last updated Aug 4, 2026

MKTN (Federated Hermes MDT Market Neutral ETF) and WTIP (WisdomTree Inflation Plus Fund) are both exchange-traded funds - MKTN is a Equity Market Neutral fund actively managed by Federated, while WTIP is a Long-Short fund actively managed by WisdomTree. Both are actively managed. Their 0.04 correlation means their historical movements had little consistent relationship. MKTN charges 1.94%/yr vs 0.65%/yr for WTIP.

Performance

MKTN vs. WTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Market Neutral ETF (MKTN) and WisdomTree Inflation Plus Fund (WTIP). 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 WTIP's 7.91% return.

MKTN

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

WTIP

• 1D: -0.30%
• 1M: 2.34%
• 6M: 6.48%
• YTD: 7.91%
• 1Y: 22.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.73%

*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)
MKTN Federated Hermes MDT Market Neutral ETF	$689.04K	$500.50K	$628.77K
WTIP WisdomTree Inflation Plus Fund	$300.81K	$209.52K	$261.99K

MKTN vs. WTIP - Yearly Performance Comparison

	2026 (YTD)	2025
MKTN Federated Hermes MDT Market Neutral ETF	5.83%	3.22%
WTIP WisdomTree Inflation Plus Fund	7.91%	9.59%

Correlation

The correlation between MKTN and WTIP is 0.04, 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	0.04

Return for Risk

MKTN vs. WTIP — 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.

WTIP

WTIP Risk / Return Rank: 45
WTIP Sharpe Ratio Rank: 50
WTIP Sortino Ratio Rank: 44
WTIP Omega Ratio Rank: 59
WTIP Calmar Ratio Rank: 38
WTIP Martin Ratio Rank: 37

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. WTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral ETF (MKTN) and WisdomTree Inflation Plus Fund (WTIP). 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	WTIP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.30	—
Sortino ratio: Return per unit of downside risk	—	1.70	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	1.35	—
Martin ratio: Return relative to average drawdown	—	3.87	—

Drawdowns

MKTN vs. WTIP - Drawdown Comparison

The maximum MKTN drawdown since its inception was -4.13%, smaller than the maximum WTIP drawdown of -16.52%. Use the drawdown chart below to compare losses from any high point for MKTN and WTIP.

Drawdown Indicators

	MKTN	WTIP	Difference
Max Drawdown Largest peak-to-trough decline	-4.13%	-16.52%	+12.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.52%	—
Current Drawdown Current decline from peak	-0.59%	-13.51%	+12.92%
Average Drawdown Average peak-to-trough decline	-1.08%	-3.14%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.76%	—

Volatility

Volatility by Period

	MKTN	WTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.67%	17.17%	-10.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.67%	16.65%	-9.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.67%	16.65%	-9.98%

MKTN vs. WTIP - Expense Ratio Comparison

MKTN has a 1.94% expense ratio, which is higher than WTIP's 0.65% expense ratio.

Dividends

MKTN vs. WTIP - Dividend Comparison

MKTN's dividend yield for the trailing twelve months is around 0.48%, less than WTIP's 4.13% yield.

Position	TTM	2025
MKTN Federated Hermes MDT Market Neutral ETF	0.48%	0.51%
WTIP WisdomTree Inflation Plus Fund	4.13%	1.59%

Frequently Asked Questions

Can I hold both MKTN and WTIP in my portfolio?

MKTN and WTIP have a correlation of 0.04, 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 WTIP?

On fees, WTIP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MKTN or WTIP?

WTIP is cheaper with a 0.65% expense ratio, compared with 1.94% for MKTN.

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

WTIP has the higher dividend yield at 4.13%, compared with 0.48% for MKTN.

What is the main difference between MKTN and WTIP?

MKTN is categorized as Equity Market Neutral, while WTIP is Long-Short. They also come from different issuers: Federated and WisdomTree. Their fees differ too: 1.94% for MKTN and 0.65% for WTIP.