RSEE vs. MKTN
RSEE (Rareview Systematic Equity ETF) and MKTN (Federated Hermes MDT Market Neutral ETF) are both Long-Short funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions.
Performance
RSEE vs. MKTN - Performance Comparison
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Returns By Period
In the year-to-date period, RSEE achieves a 15.92% return, which is significantly higher than MKTN's 1.27% return.
RSEE
- 1D
- -0.97%
- 1M
- 7.65%
- YTD
- 15.92%
- 6M
- 16.63%
- 1Y
- 37.19%
- 3Y*
- 19.29%
- 5Y*
- —
- 10Y*
- —
MKTN
- 1D
- 0.12%
- 1M
- 1.01%
- YTD
- 1.27%
- 6M
- 4.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RSEE vs. MKTN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RSEE Rareview Systematic Equity ETF | 15.92% | 5.06% |
MKTN Federated Hermes MDT Market Neutral ETF | 1.27% | 3.53% |
Correlation
The correlation between RSEE and MKTN is -0.01, 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 Sep 26, 2025 | -0.01 |
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Return for Risk
RSEE vs. MKTN — Risk / Return Rank
RSEE
MKTN
RSEE vs. MKTN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Systematic Equity ETF (RSEE) and Federated Hermes MDT Market Neutral ETF (MKTN). 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.
| RSEE | MKTN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | — | — |
| Martin ratioReturn relative to average drawdown | 12.05 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RSEE | MKTN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.06 | -0.30 |
Drawdowns
RSEE vs. MKTN - Drawdown Comparison
The maximum RSEE drawdown since its inception was -21.60%, which is greater than MKTN's maximum drawdown of -4.13%. Use the drawdown chart below to compare losses from any high point for RSEE and MKTN.
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Drawdown Indicators
| RSEE | MKTN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -4.13% | -17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.60% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.65% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -1.13% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | — | — |
Volatility
RSEE vs. MKTN - Volatility Comparison
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Volatility by Period
| RSEE | MKTN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 6.81% | +10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 6.81% | +12.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 6.81% | +12.19% |
Dividends
RSEE vs. MKTN - Dividend Comparison
RSEE's dividend yield for the trailing twelve months is around 0.21%, less than MKTN's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 0.50% | 0.51% | 0.00% | 0.00% | 0.00% |
RSEE Rareview Systematic Equity ETF | 0.21% | 0.24% | 9.02% | 0.84% | 1.97% |
Frequently Asked Questions
RSEE and MKTN have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKTN has the higher dividend yield at 0.50%, compared with 0.21% for RSEE.
They also come from different issuers: Rareview Funds and Federated Hermes.
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