MKTN vs QAI
Federated Hermes MDT Market Neutral ETF against NYLIM Hedge Multi-Strategy Tracker ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
0%
0 shared positions
Fee gap
106 bp
QAI is cheaper
1-year return gap
10.9 pts
MKTN is ahead
Larger fund
QAI
$996M
Side by side
| MKTN | QAI | |
|---|---|---|
| Fund | Federated Hermes MDT Market Neutral ETF | NYLIM Hedge Multi-Strategy Tracker ETF |
| Issuer | Federated Hermes | New York Life |
| Category | Long/Short & Market Neutral | Long/Short & Market Neutral |
| Expense ratio | 1.94% | 0.88% |
| Assets | $107M | $996M |
| Average daily dollar volume | $1.3M | $1.9M |
| Listed | Sep 24, 2025 | Mar 25, 2009 |
| FrenzyCap score | 38 | 51 |
| 1-month return | +3.4% | −1.6% |
| 3-month return | +7.6% | −0.6% |
| Year to date | +11.4% | +7.0% |
| 1-year return | +16.7% | +5.7% |
| 30-day volatility | 4.4% | 6.1% |
| Worst drawdown, 1 year | −4.1% | −3.7% |
| Trailing 12-month yield | 0.23% | 1.41% |
| Holdings | 394 | 128 |
| Top 10 weight | 23.8% | 70.2% |
| Look-through P/E | 24.1 | — |
| Holdings vs fair value | +13.4% | — |
| Holdings above 200-day average | 56% | — |
| Net flow, latest 3 reported months | +$25M thru Jun 2026 | +$28M thru Jul 2026 |
| 30-day implied volatility | — | 50.2% |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Jul 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
0% of MKTN · 0% of QAINo holdings in common.
Sector mix of the stock holdings
| Sector | MKTN | QAI | Gap |
|---|---|---|---|
| Technology | 24.8% | 0.0% | +24.8% |
| Industrials | 16.1% | 0.0% | +16.1% |
| Financials | 13.2% | 0.0% | +13.2% |
| Health Care | 13.1% | 0.0% | +13.1% |
| Consumer Discretionary | 11.3% | 0.0% | +11.3% |
| Materials | 3.6% | 0.0% | +3.6% |
| Communication Services | 1.9% | 0.0% | +1.9% |
| Real Estate | 1.8% | 0.0% | +1.8% |
| Energy | 1.6% | 0.0% | +1.6% |
| Utilities | 1.3% | 0.0% | +1.3% |
| Consumer Staples | 0.3% | 0.0% | +0.3% |
More: full overlap table · MKTN holdings · QAI holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.