TAXS vs MKTN
Comparison between NORTHERN TRUST SHORT-TERM TAX-EXEMPT BOND ETF (TAXS, ETF) and FEDERATED HERMES MDT MARKET NEUTRAL ETF (MKTN, ETF).
TAXS vs MKTN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TAXS
$94M
MKTN
$94M
Expense Ratio
Winner
TAXS
0.05%
MKTN
1.94%
Max Drawdown
Winner
TAXS
1.29%
MKTN
4.13%
Sharpe Ratio
TAXS
-0.99
Winner
MKTN
0.28
5Y Beta
TAXS
0.02
Winner
MKTN
0.02
TAXS vs MKTN - Historical Returns
Returns include dividend reinvestment.
1M
TAXS
+0.44%
Winner
MKTN
+0.88%
3M
Winner
TAXS
+0.37%
MKTN
-0.75%
6M
TAXS
+1.29%
Winner
MKTN
+1.37%
1Y
TAXS
+2.24%
MKTN
N/A
Max(CAGR)
TAXS
+2.76%
Winner
MKTN
+5.49%
TAXS vs MKTN - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | TAXS | MKTN |
|---|---|---|
| 2026 | +0.92% | +0.98% |
| 2025 | +1.22% | +3.53% |
TAXS vs MKTN Drawdown Comparison
The maximum drawdown for TAXS was -0.84%, occurring on Mar 24, 2026. Recovery took 70 trading sessions.
The maximum drawdown for MKTN was -4.13%, occurring on Apr 21, 2026. This drawdown has not yet recovered.
The current TAXS drawdown is -0.03%. The current MKTN drawdown is -1.57%.
| Rank | TAXS | MKTN |
|---|---|---|
| #1 | -0.84% Feb 27, 2026 - Jun 9, 2026 | -4.13% Apr 1, 2026 - Apr 21, 2026 |
| #2 | -0.50% Sep 16, 2025 - Nov 28, 2025 | -3.26% Dec 19, 2025 - Feb 11, 2026 |
| #3 | -0.10% Jun 9, 2026 - Jun 10, 2026 | -2.78% Sep 30, 2025 - Oct 30, 2025 |
| #4 | -0.06% Aug 22, 2025 - Sep 4, 2025 | -1.07% Feb 17, 2026 - Mar 25, 2026 |
| #5 | -0.06% Dec 19, 2025 - Dec 23, 2025 | -0.86% Nov 11, 2025 - Dec 5, 2025 |
| #6 | -0.05% Nov 28, 2025 - Dec 2, 2025 | -0.78% Oct 30, 2025 - Nov 7, 2025 |
| #7 | -0.03% Dec 24, 2025 - Dec 29, 2025 | -0.65% Mar 25, 2026 - Apr 1, 2026 |
| #8 | -0.03% Sep 11, 2025 - Sep 15, 2025 | -0.35% Dec 15, 2025 - Dec 19, 2025 |
| #9 | -0.03% Jan 16, 2026 - Jan 21, 2026 | -0.09% Dec 5, 2025 - Dec 9, 2025 |
| #10 | -0.03% Feb 17, 2026 - Feb 20, 2026 | -0.06% Feb 11, 2026 - Feb 13, 2026 |
| #11 | -0.02% Dec 5, 2025 - Dec 10, 2025 | -0.03% Sep 26, 2025 - Sep 30, 2025 |
| #12 | -0.02% Dec 11, 2025 - Dec 15, 2025 | N/A |
| #13 | -0.02% Jan 2, 2026 - Jan 6, 2026 | N/A |
| #14 | -0.01% Aug 19, 2025 - Aug 21, 2025 | N/A |
| #15 | -0.01% Dec 29, 2025 - Dec 31, 2025 | N/A |
Correlation
Correlation between TAXS and MKTN is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2025 - 2026)
TAXS vs MKTN dividend yield comparison.
| Year | TAXS | MKTN |
|---|---|---|
| 2026 | 1.08% | 0.00% |
| 2025 | 0.74% | 0.51% |
Select Stocks to Compare
Popular: TAXS vs SPYMKTN vs SPY
More Comparisons
Compare with similar stocks