MKTN vs TAXS
Comparison between FEDERATED HERMES MDT MARKET NEUTRAL ETF (MKTN, ETF) and NORTHERN TRUST SHORT-TERM TAX-EXEMPT BOND ETF (TAXS, ETF).
MKTN vs TAXS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MKTN
$94M
Winner
TAXS
$94M
Expense Ratio
MKTN
1.94%
Winner
TAXS
0.05%
Max Drawdown
MKTN
4.13%
Winner
TAXS
1.29%
Sharpe Ratio
Winner
MKTN
0.20
TAXS
-0.95
5Y Beta
Winner
MKTN
0.02
TAXS
0.02
MKTN vs TAXS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MKTN
+0.88%
TAXS
+0.44%
3M
MKTN
-0.75%
Winner
TAXS
+0.37%
6M
Winner
MKTN
+1.37%
TAXS
+1.29%
1Y
MKTN
N/A
TAXS
+2.24%
Max(CAGR)
Winner
MKTN
+5.49%
TAXS
+2.76%
MKTN vs TAXS - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | MKTN | TAXS |
|---|---|---|
| 2026 | +0.98% | +0.92% |
| 2025 | +3.53% | +1.22% |
MKTN vs TAXS 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 TAXS was -0.84%, occurring on Mar 24, 2026. Recovery took 70 trading sessions.
The current MKTN drawdown is -1.57%. The current TAXS drawdown is -0.03%.
| Rank | MKTN | TAXS |
|---|---|---|
| #1 | -4.13% Apr 1, 2026 - Apr 21, 2026 | -0.84% Feb 27, 2026 - Jun 9, 2026 |
| #2 | -3.26% Dec 19, 2025 - Feb 11, 2026 | -0.50% Sep 16, 2025 - Nov 28, 2025 |
| #3 | -2.78% Sep 30, 2025 - Oct 30, 2025 | -0.10% Jun 9, 2026 - Jun 10, 2026 |
| #4 | -1.07% Feb 17, 2026 - Mar 25, 2026 | -0.06% Aug 22, 2025 - Sep 4, 2025 |
| #5 | -0.86% Nov 11, 2025 - Dec 5, 2025 | -0.06% Dec 19, 2025 - Dec 23, 2025 |
| #6 | -0.78% Oct 30, 2025 - Nov 7, 2025 | -0.05% Nov 28, 2025 - Dec 2, 2025 |
| #7 | -0.65% Mar 25, 2026 - Apr 1, 2026 | -0.03% Dec 24, 2025 - Dec 29, 2025 |
| #8 | -0.35% Dec 15, 2025 - Dec 19, 2025 | -0.03% Sep 11, 2025 - Sep 15, 2025 |
| #9 | -0.09% Dec 5, 2025 - Dec 9, 2025 | -0.03% Jan 16, 2026 - Jan 21, 2026 |
| #10 | -0.06% Feb 11, 2026 - Feb 13, 2026 | -0.03% Feb 17, 2026 - Feb 20, 2026 |
| #11 | -0.03% Sep 26, 2025 - Sep 30, 2025 | -0.02% Dec 5, 2025 - Dec 10, 2025 |
| #12 | N/A | -0.02% Dec 11, 2025 - Dec 15, 2025 |
| #13 | N/A | -0.02% Jan 2, 2026 - Jan 6, 2026 |
| #14 | N/A | -0.01% Aug 19, 2025 - Aug 21, 2025 |
| #15 | N/A | -0.01% Dec 29, 2025 - Dec 31, 2025 |
Correlation
Correlation between MKTN and TAXS is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2025 - 2026)
MKTN vs TAXS dividend yield comparison.
| Year | MKTN | TAXS |
|---|---|---|
| 2026 | 0.00% | 1.08% |
| 2025 | 0.51% | 0.74% |
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