MKTN vs VOO
Federated Hermes MDT Market Neutral ETF vs Vanguard S&P 500 ETF
Which is better, MKTN or VOO?
Market Neutral Strategy against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MKTN | VOO |
|---|---|---|
| Expense Ratio | 1.94% | 0.03%Best |
| AUM | $142M | $1.0T |
| Dividend Yield | 0.48% | 1.04% |
| Holdings | 802 | 506 |
| YTD Return | +9.85% | +13.59%Best |
| 1Y Return | +14.16% | +16.33%Best |
| 3Y Return (annualized) | - | +23.81% |
| 5Y Return (annualized) | - | +14.02% |
| Volatility (annualized) | 5.6%Best | 12.7% |
| Max Drawdown | -4.1%Best | -8.9% |
| $10,000 over 1 years | $11,275 | $11,796Best |
| Fund Family | Federated Hermes | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Market Neutral Strategy | Large Cap Blend |
| Inception | Sep 24, 2025 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 25, 2025 to Oct 2, 2026 (1 years).
MKTN vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
MKTN vs VOO Performance
Federated Hermes MDT Market Neutral ETF (MKTN) is an ETF from Federated Hermes and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year MKTN returned +14.16% while VOO returned +16.33%. Year to date, MKTN is up 9.85% versus a gain of 13.59% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 5.6% for MKTN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.1% for MKTN and -8.9% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MKTN charges 1.94% per year while VOO charges 0.03%. On a $10,000 position that is $194 vs $3 annually, a gap of $191 per year that compounds over a long holding period. On income, MKTN currently yields 0.48% against 1.04% for VOO.
Holdings Overlap
At least 35.7% of VOO's money is in holdings MKTN also owns.
Stated as a floor: for MKTN, our book for it covers 89.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 48 days apart, MKTN as of Sep 17, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
175 positions in common, counted across the 398 positions we hold weights for in MKTN and 494 in VOO, against full books of 802 and 506.
Top Shared Holdings
| Stock | Weight in MKTN | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.20% | 7.55% | 6.35% |
| GOOGLAlphabet Inc,class A | 1.40% | 3.24% | 1.84% |
| ABBVAbbvie Inc. | 2.37% | 0.69% | 1.68% |
| CRWDCrowdstrike Holdings Inc | 2.59% | 0.30% | 2.29% |
| GEGeneral Electric Co. | 2.26% | 0.58% | 1.68% |
| FTNTFortinet Inc | 2.31% | 0.16% | 2.15% |
| TRVThe Travelers Cos, Inc. | 2.32% | 0.12% | 2.20% |
| GEVGe Vernova, Inc. | 2.00% | 0.41% | 1.59% |
| FIFiserv, Inc. (United States) | 2.33% | 0.04% | 2.29% |
| BKBank Of New York Mellon Corp | 1.87% | 0.17% | 1.70% |
35.7% of VOO is already inside MKTN.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MKTN or VOO?
MKTN has an expense ratio of 1.94% while VOO charges 0.03%. VOO is the cheaper option, by $191 a year on a $10,000 investment.
Which performed better, MKTN or VOO?
Over the past year MKTN returned +14.16% vs +16.33% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), MKTN annualized +12.75% vs +17.96% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MKTN or VOO?
VOO has been the more volatile fund at 12.7% annualized versus 5.6% for MKTN. Worst drawdown: MKTN -4.1% vs VOO -8.9%.
Should I hold both MKTN and VOO?
MKTN and VOO have a monthly-return correlation of -0.37, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MKTN and VOO?
At least 35.7% of VOO's money is in holdings MKTN also owns. Our book for MKTN is partial, so the real figure is this or higher. They hold 175 positions in common, counted across the 398 positions we hold weights for in MKTN and 494 in VOO.
Which pays a higher dividend, MKTN or VOO?
MKTN yields 0.48% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than MKTN?
VOO has a lower expense ratio. VOO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.