FDRS vs MKTN
Comparison between FounderLed ETF (FDRS, ETF) and FEDERATED HERMES MDT MARKET NEUTRAL ETF (MKTN, ETF).
FDRS vs MKTN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FDRS
$94M
Winner
MKTN
$94M
Expense Ratio
Winner
FDRS
0.49%
MKTN
1.94%
Max Drawdown
FDRS
21.64%
Winner
MKTN
4.13%
Sharpe Ratio
FDRS
-0.47
Winner
MKTN
0.28
5Y Beta
FDRS
1.68
Winner
MKTN
0.02
P/E Ratio
FDRS
48.18
MKTN
N/A
Forward P/E
FDRS
22.40
MKTN
N/A
PEG Ratio
FDRS
0.54
MKTN
N/A
5Y EPS CAGR
FDRS
40.87%
MKTN
N/A
Debt to Equity
FDRS
-26.34%
MKTN
N/A
P/S Ratio
FDRS
7.57
MKTN
N/A
P/B Ratio
FDRS
6.94
MKTN
N/A
FDRS vs MKTN - Holdings Comparison
FDRS and MKTN have 25 common holdings. Overlap is -4.80%
FDRS's top 25 holdings weight is 82.13%. MKTN's top 25 holdings weight is 117.03%.
| Rank | FDRS | MKTN |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 11.31% | FEDERATED GOVT OBLG PR SHARES (n/a) - 82.09% |
| #2 | TESLA INC (TSLA) - 9.80% | THE TRAVELERS COMPANIES INC (TRV) - 2.43% |
| #3 | META PLATFORMS INC CLASS A (META) - 9.04% | VIKING HOLDINGS LTD (VIK) - 2.37% |
| #4 | ORACLE CORP (ORCL) - 5.94% | FISERV INC (FISV) - 2.21% |
| #5 | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 5.82% | ADVANCE AUTO PARTS INC (AAP) - 2.11% |
| #6 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.02% | GE VERNOVA INC (GEV) - 2.08% |
| #7 | SALESFORCE INC (CRM) - 2.98% | ABBVIE INC (ABBV) - 2.04% |
| #8 | BLACKROCK INC (BLK) - 2.87% | FIVE BELOW INC (FIVE) - 1.86% |
| #9 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.74% | GE AEROSPACE (GE) - 1.83% |
| #10 | ARISTA NETWORKS INC (ANET) - 2.73% | BANK OF NEW YORK MELLON CORP (BNY) - 1.70% |
| #11 | BLACKSTONE INC (BX) - 2.66% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.61% |
| #12 | DELL TECHNOLOGIES INC ORDINARY SHARES CLASS C (DELL) - 2.61% | ENPHASE ENERGY INC (ENPH) - 1.56% |
| #13 | SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.50% | INTUIT INC (INTU) - 1.49% |
| #14 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 2.41% | STATE STREET CORP (STT) - 1.47% |
| #15 | CAPITAL ONE FINANCIAL CORP (COF) - 2.12% | ACCENTURE PLC CLASS A (ACN) - 1.43% |
| #16 | INTERCONTINENTAL EXCHANGE INC (ICE) - 1.63% | LULULEMON ATHLETICA INC (LULU) - 1.43% |
| #17 | ROCKET LAB CORP (RKLB) - 1.49% | COSTCO WHOLESALE CORP (COST) - 1.40% |
| #18 | FORTINET INC (FTNT) - 1.44% | REGENERON PHARMACEUTICALS INC (REGN) - 1.30% |
| #19 | DATADOG INC CLASS A (DDOG) - 1.36% | CELANESE CORP CLASS A (CE) - 1.28% |
| #20 | AIRBNB INC ORDINARY SHARES CLASS A (ABNB) - 1.34% | ADOBE INC (ADBE) - 1.23% |
| #21 | CLOUDFLARE INC (NET) - 1.32% | BRIDGEBIO PHARMA INC (BBIO) - 0.43% |
| #22 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.30% | TIDEWATER INC (TDW) - 0.43% |
| #23 | ROBINHOOD MARKETS INC CLASS A (HOOD) - 1.28% | PAYCOM SOFTWARE INC (PAYC) - 0.42% |
| #24 | BLOOM ENERGY CORP CLASS A (BE) - 1.25% | INTERACTIVE BROKERS GROUP INC CLASS A (IBKR) - 0.42% |
| #25 | CARVANA CO CLASS A (CVNA) - 1.17% | ZOETIS INC CLASS A (ZTS) - 0.41% |
| Total Holdings | 52 | 354 |
FDRS vs MKTN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FDRS
+3.63%
MKTN
-0.34%
3M
Winner
FDRS
+12.06%
MKTN
-0.86%
6M
FDRS
-2.91%
Winner
MKTN
+0.36%
Max(CAGR)
FDRS
-6.27%
Winner
MKTN
+4.63%
FDRS vs MKTN - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | FDRS | MKTN |
|---|---|---|
| 2026 | -0.79% | +0.43% |
| 2025 | -1.10% | +3.53% |
FDRS vs MKTN Drawdown Comparison
The maximum drawdown for FDRS was -21.64%, occurring on Mar 30, 2026. Recovery took 99 trading sessions.
The maximum drawdown for MKTN was -4.13%, occurring on Apr 21, 2026. This drawdown has not yet recovered.
The current FDRS drawdown is -6.51%. The current MKTN drawdown is -2.10%.
| Rank | FDRS | MKTN |
|---|---|---|
| #1 | -21.64% Jan 6, 2026 - May 29, 2026 | -4.13% Apr 1, 2026 - Apr 21, 2026 |
| #2 | -11.19% Jun 1, 2026 - Jun 10, 2026 | -3.26% Dec 19, 2025 - Feb 11, 2026 |
| #3 | -2.14% Dec 30, 2025 - Jan 6, 2026 | -2.78% Sep 30, 2025 - Oct 30, 2025 |
| #4 | N/A | -1.07% Feb 17, 2026 - Mar 25, 2026 |
| #5 | N/A | -0.86% Nov 11, 2025 - Dec 5, 2025 |
| #6 | N/A | -0.78% Oct 30, 2025 - Nov 7, 2025 |
| #7 | N/A | -0.65% Mar 25, 2026 - Apr 1, 2026 |
| #8 | N/A | -0.35% Dec 15, 2025 - Dec 19, 2025 |
| #9 | N/A | -0.09% Dec 5, 2025 - Dec 9, 2025 |
| #10 | N/A | -0.06% Feb 11, 2026 - Feb 13, 2026 |
| #11 | N/A | -0.03% Sep 26, 2025 - Sep 30, 2025 |
Correlation
Correlation between FDRS and MKTN is -0.25 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.25
-101
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