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 -0.03, 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 12.65% return, which is significantly higher than MKTN's 0.14% return.
RSEE
- 1D
- -2.89%
- 1M
- -0.47%
- YTD
- 12.65%
- 6M
- 11.67%
- 1Y
- 32.53%
- 3Y*
- 17.96%
- 5Y*
- —
- 10Y*
- —
MKTN
- 1D
- 0.31%
- 1M
- -0.11%
- YTD
- 0.14%
- 6M
- 0.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RSEE vs. MKTN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RSEE Rareview Systematic Equity ETF | 12.65% | 4.35% |
MKTN Federated Hermes MDT Market Neutral ETF | 0.14% | 3.22% |
Correlation
The correlation between RSEE and MKTN is -0.03, 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 25, 2025 | -0.03 |
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Return for Risk
RSEE vs. MKTN — Risk / Return Rank
RSEE
MKTN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| RSEE | MKTN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | — | — |
| Martin ratioReturn relative to average drawdown | 10.23 | — | — |
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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 | -3.77% | -1.76% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -1.20% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | — | — |
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 | 8.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 6.74% | +12.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 6.74% | +12.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 6.74% | +12.48% |
Dividends
RSEE vs. MKTN - Dividend Comparison
RSEE has not paid dividends to shareholders, while MKTN's dividend yield for the trailing twelve months is around 0.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MKTN Federated Hermes MDT Market Neutral ETF | 0.51% | 0.51% | 0.00% | 0.00% | 0.00% |
RSEE Rareview Systematic Equity ETF | 0.00% | 0.24% | 9.02% | 0.84% | 1.97% |
Frequently Asked Questions
RSEE and MKTN have a correlation of -0.03, 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 0.51%, compared with 0.00% for RSEE.
They also come from different issuers: Rareview Funds and Federated Hermes.
Find the right allocation for RSEE and MKTN
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