MKTN vs FDRS
Comparison between FEDERATED HERMES MDT MARKET NEUTRAL ETF (MKTN, ETF) and FounderLed ETF (FDRS, ETF).
MKTN vs FDRS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
MKTN
$94M
FDRS
$94M
Expense Ratio
MKTN
1.94%
Winner
FDRS
0.49%
Max Drawdown
Winner
MKTN
4.13%
FDRS
21.64%
Sharpe Ratio
Winner
MKTN
0.20
FDRS
-0.47
5Y Beta
Winner
MKTN
0.02
FDRS
1.69
P/E Ratio
MKTN
N/A
FDRS
48.18
Forward P/E
MKTN
N/A
FDRS
22.40
PEG Ratio
MKTN
N/A
FDRS
0.54
5Y EPS CAGR
MKTN
N/A
FDRS
40.87%
Debt to Equity
MKTN
N/A
FDRS
-26.34%
P/S Ratio
MKTN
N/A
FDRS
7.57
P/B Ratio
MKTN
N/A
FDRS
6.94
MKTN vs FDRS - Holdings Comparison
MKTN and FDRS have 21 common holdings. Overlap is -9.28%
MKTN's top 25 holdings weight is 119.47%. FDRS's top 25 holdings weight is 82.13%.
| Rank | MKTN | FDRS |
|---|---|---|
| #1 | FEDERATED GOVT OBLG PR SHARES (n/a) - 81.16% | NVIDIA CORP (NVDA) - 11.31% |
| #2 | FISERV INC (FISV) - 2.73% | TESLA INC (TSLA) - 9.80% |
| #3 | VIKING HOLDINGS LTD (VIK) - 2.55% | META PLATFORMS INC CLASS A (META) - 9.04% |
| #4 | THE TRAVELERS COMPANIES INC (TRV) - 2.46% | ORACLE CORP (ORCL) - 5.94% |
| #5 | FIVE BELOW INC (FIVE) - 2.34% | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 5.82% |
| #6 | ADVANCE AUTO PARTS INC (AAP) - 2.26% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.02% |
| #7 | GE VERNOVA INC (GEV) - 2.21% | SALESFORCE INC (CRM) - 2.98% |
| #8 | ENPHASE ENERGY INC (ENPH) - 1.99% | BLACKROCK INC (BLK) - 2.87% |
| #9 | ABBVIE INC (ABBV) - 1.97% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.74% |
| #10 | BANK OF NEW YORK MELLON CORP (BNY) - 1.84% | ARISTA NETWORKS INC (ANET) - 2.73% |
| #11 | ADOBE INC (ADBE) - 1.81% | BLACKSTONE INC (BX) - 2.66% |
| #12 | ACCENTURE PLC CLASS A (ACN) - 1.77% | DELL TECHNOLOGIES INC ORDINARY SHARES CLASS C (DELL) - 2.61% |
| #13 | LULULEMON ATHLETICA INC (LULU) - 1.67% | SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.50% |
| #14 | GE AEROSPACE (GE) - 1.64% | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 2.41% |
| #15 | STATE STREET CORP (STT) - 1.56% | CAPITAL ONE FINANCIAL CORP (COF) - 2.12% |
| #16 | CELANESE CORP CLASS A (CE) - 1.54% | INTERCONTINENTAL EXCHANGE INC (ICE) - 1.63% |
| #17 | GARTNER INC (IT) - 1.47% | ROCKET LAB CORP (RKLB) - 1.49% |
| #18 | COSTCO WHOLESALE CORP (COST) - 1.40% | FORTINET INC (FTNT) - 1.44% |
| #19 | INTUIT INC (INTU) - 1.39% | DATADOG INC CLASS A (DDOG) - 1.36% |
| #20 | THE TRADE DESK INC CLASS A (TTD) - 1.37% | AIRBNB INC ORDINARY SHARES CLASS A (ABNB) - 1.34% |
| #21 | PAYCOM SOFTWARE INC (PAYC) - 0.49% | CLOUDFLARE INC (NET) - 1.32% |
| #22 | TIDEWATER INC (TDW) - 0.47% | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.30% |
| #23 | ALNYLAM PHARMACEUTICALS INC (ALNY) - 0.47% | ROBINHOOD MARKETS INC CLASS A (HOOD) - 1.28% |
| #24 | PBF ENERGY INC CLASS A (PBF) - 0.46% | BLOOM ENERGY CORP CLASS A (BE) - 1.25% |
| #25 | GODADDY INC CLASS A (GDDY) - 0.45% | CARVANA CO CLASS A (CVNA) - 1.17% |
| Total Holdings | 355 | 52 |
MKTN vs FDRS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MKTN
+0.88%
FDRS
+0.78%
3M
MKTN
-0.75%
Winner
FDRS
+9.02%
6M
Winner
MKTN
+1.37%
FDRS
-6.15%
Max(CAGR)
Winner
MKTN
+5.49%
FDRS
-13.19%
MKTN vs FDRS - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | MKTN | FDRS |
|---|---|---|
| 2026 | +0.98% | -4.10% |
| 2025 | +3.53% | -1.10% |
MKTN vs FDRS Drawdown Comparison
The maximum drawdown for MKTN was -4.13%, occurring on Apr 21, 2026. This drawdown has not yet recovered.
The maximum drawdown for FDRS was -21.64%, occurring on Mar 30, 2026. Recovery took 99 trading sessions.
The current MKTN drawdown is -1.57%. The current FDRS drawdown is -9.63%.
| Rank | MKTN | FDRS |
|---|---|---|
| #1 | -4.13% Apr 1, 2026 - Apr 21, 2026 | -21.64% Jan 6, 2026 - May 29, 2026 |
| #2 | -3.26% Dec 19, 2025 - Feb 11, 2026 | -11.19% Jun 1, 2026 - Jun 10, 2026 |
| #3 | -2.78% Sep 30, 2025 - Oct 30, 2025 | -2.14% Dec 30, 2025 - Jan 6, 2026 |
| #4 | -1.07% Feb 17, 2026 - Mar 25, 2026 | N/A |
| #5 | -0.86% Nov 11, 2025 - Dec 5, 2025 | N/A |
| #6 | -0.78% Oct 30, 2025 - Nov 7, 2025 | N/A |
| #7 | -0.65% Mar 25, 2026 - Apr 1, 2026 | N/A |
| #8 | -0.35% Dec 15, 2025 - Dec 19, 2025 | N/A |
| #9 | -0.09% Dec 5, 2025 - Dec 9, 2025 | N/A |
| #10 | -0.06% Feb 11, 2026 - Feb 13, 2026 | N/A |
| #11 | -0.03% Sep 26, 2025 - Sep 30, 2025 | N/A |
Correlation
Correlation between MKTN and FDRS is -0.19 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.19
-101
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