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MKTN vs SPY

Comparison between FEDERATED HERMES MDT MARKET NEUTRAL ETF (MKTN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

MKTN vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
MKTN
$90M
Winner
SPY
$735B
Expense Ratio
MKTN
1.94%
Winner
SPY
0.09%
Max Drawdown
Winner
MKTN
4.13%
SPY
56.47%
Sharpe Ratio
MKTN
0.44
Winner
SPY
1.62
5Y Beta
Winner
MKTN
0.01
SPY
1.00
P/E Ratio
MKTN
N/A
SPY
28.99
Forward P/E
MKTN
N/A
SPY
22.37
5Y Dividends CAGR
MKTN
N/A
SPY
5.43%
5Y EPS CAGR
MKTN
N/A
SPY
26.05%
Debt to Equity
MKTN
N/A
SPY
32.40%
P/S Ratio
MKTN
N/A
SPY
3.74
P/B Ratio
MKTN
N/A
SPY
5.61

MKTN vs SPY - Holdings Comparison

MKTN and SPY have 146 common holdings. Overlap is -31.69%

MKTN's top 25 holdings weight is 120.72%. SPY's top 25 holdings weight is 52.37%.

RankMKTNSPY
#1
FEDERATED GOVT OBLG PR SHARES (n/a) - 82.33%
NVIDIA CORP (NVDA) - 8.10%
#2
THE TRAVELERS COMPANIES INC (TRV) - 2.66%
APPLE INC (AAPL) - 7.02%
#3
FISERV INC (FISV) - 2.63%
MICROSOFT CORP (MSFT) - 4.79%
#4
GE VERNOVA INC (GEV) - 2.54%
AMAZON.COM INC (AMZN) - 4.02%
#5
VIKING HOLDINGS LTD (VIK) - 2.50%
ALPHABET INC CLASS A (GOOGL) - 3.51%
#6
FIVE BELOW INC (FIVE) - 2.34%
BROADCOM INC (AVGO) - 3.10%
#7
ADVANCE AUTO PARTS INC (AAP) - 2.15%
ALPHABET INC CLASS C (GOOG) - 2.79%
#8
ENPHASE ENERGY INC (ENPH) - 2.14%
META PLATFORMS INC CLASS A (META) - 2.08%
#9
ABBVIE INC (ABBV) - 2.02%
TESLA INC (TSLA) - 1.89%
#10
BANK OF NEW YORK MELLON CORP (BNY) - 1.86%
MICRON TECHNOLOGY INC (MU) - 1.56%
#11
LULULEMON ATHLETICA INC (LULU) - 1.65%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37%
#12
ADOBE INC (ADBE) - 1.63%
ELI LILLY AND CO (LLY) - 1.31%
#13
ACCENTURE PLC CLASS A (ACN) - 1.63%
JPMORGAN CHASE & CO (JPM) - 1.28%
#14
GE AEROSPACE (GE) - 1.63%
ADVANCED MICRO DEVICES INC (AMD) - 1.27%
#15
STATE STREET CORP (STT) - 1.58%
EXXON MOBIL CORP (XOM) - 0.97%
#16
COSTCO WHOLESALE CORP (COST) - 1.52%
INTEL CORP (INTC) - 0.90%
#17
CELANESE CORP CLASS A (CE) - 1.49%
JOHNSON & JOHNSON (JNJ) - 0.86%
#18
REGENERON PHARMACEUTICALS INC (REGN) - 1.47%
VISA INC CLASS A (V) - 0.85%
#19
THE TRADE DESK INC CLASS A (TTD) - 1.34%
WALMART INC (WMT) - 0.81%
#20
GARTNER INC (IT) - 1.32%
CISCO SYSTEMS INC (CSCO) - 0.72%
#21
ALNYLAM PHARMACEUTICALS INC (ALNY) - 0.48%
COSTCO WHOLESALE CORP (COST) - 0.69%
#22
BRIDGEBIO PHARMA INC (BBIO) - 0.47%
CATERPILLAR INC (CAT) - 0.66%
#23
PAYCOM SOFTWARE INC (PAYC) - 0.45%
MASTERCARD INC CLASS A (MA) - 0.62%
#24
GODADDY INC CLASS A (GDDY) - 0.45%
LAM RESEARCH CORP (LRCX) - 0.62%
#25
ALCOA CORP (AA) - 0.44%
ABBVIE INC (ABBV) - 0.58%
Total Holdings355505

MKTN vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
MKTN
+0.98%
Winner
SPY
+1.90%
3M
MKTN
+0.05%
Winner
SPY
+8.55%
6M
MKTN
+2.47%
Winner
SPY
+8.18%
1Y
MKTN
N/A
SPY
+25.79%
5Y(CAGR)
MKTN
N/A
SPY
+13.32%
10Y(CAGR)
MKTN
N/A
SPY
+15.19%
Max(CAGR)
MKTN
+6.57%
Winner
SPY
+8.47%

MKTN vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearMKTNSPY
2026+1.59%+8.26%
2025+3.53%+18.00%
2024N/A+25.59%
2023N/A+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

MKTN vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current MKTN drawdown is -0.98%. The current SPY drawdown is -2.90%.

RankMKTNSPY
#1-4.13%
Apr 1, 2026 - Apr 21, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-3.26%
Dec 19, 2025 - Feb 11, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-2.78%
Sep 30, 2025 - Oct 30, 2025		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-1.07%
Feb 17, 2026 - Mar 25, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-0.86%
Nov 11, 2025 - Dec 5, 2025		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-0.78%
Oct 30, 2025 - Nov 7, 2025		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-0.65%
Mar 25, 2026 - Apr 1, 2026		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-0.35%
Dec 15, 2025 - Dec 19, 2025		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-0.09%
Dec 5, 2025 - Dec 9, 2025		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-0.06%
Feb 11, 2026 - Feb 13, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-0.03%
Sep 26, 2025 - Sep 30, 2025		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12N/A-8.88%
Jan 27, 2026 - Apr 14, 2026
#13N/A-8.41%
Jul 16, 2024 - Sep 19, 2024
#14N/A-7.35%
Sep 14, 2012 - Jan 2, 2013
#15N/A-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MKTN and SPY is 0.42 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.42
-101

Dividend Comparison (1999 - 2026)

MKTN vs SPY dividend yield comparison.

YearMKTNSPY
20260.00%0.24%
20250.51%1.07%
20240.00%1.21%
20230.00%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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