MKTN vs VYM
Federated Hermes MDT Market Neutral ETF vs Vanguard High Dividend Yield ETF
Which is better, MKTN or VYM?
Market Neutral Strategy against Large Cap Value.
VYM has a lower expense ratio. MKTN led over 1Y, VYM over 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 | VYM |
|---|---|---|
| Expense Ratio | 1.94% | 0.04%Best |
| AUM | $142M | $83.1B |
| Dividend Yield | 0.48% | 2.22% |
| Holdings | 802 | 608 |
| YTD Return | +9.85% | +10.00%Best |
| 1Y Return | +14.16%Best | +13.75% |
| 3Y Return (annualized) | - | +18.81% |
| 5Y Return (annualized) | - | +11.63% |
| Volatility (annualized) | 5.6%Best | 10.8% |
| Max Drawdown | -4.1%Best | -6.7% |
| $10,000 over 1 years | $11,275 | $11,435Best |
| Fund Family | Federated Hermes | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Market Neutral Strategy | Large Cap Value |
| Inception | Sep 24, 2025 | Nov 10, 2006 |
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 VYM 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 VYM Performance
Federated Hermes MDT Market Neutral ETF (MKTN) is an ETF from Federated Hermes and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year MKTN returned +14.16% while VYM returned +13.75%. Year to date, MKTN is up 9.85% versus a gain of 10.00% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.8% 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 -6.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.23. They move largely independently of each other.
Fees and Cost Over Time
MKTN charges 1.94% per year while VYM charges 0.04%. On a $10,000 position that is $194 vs $4 annually, a gap of $190 per year that compounds over a long holding period. On income, MKTN currently yields 0.48% against 2.22% for VYM.
Holdings Overlap
At least 32.9% of VYM'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 VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
108 positions in common, counted across the 398 positions we hold weights for in MKTN and 557 in VYM, against full books of 802 and 608.
Top Shared Holdings
| Stock | Weight in MKTN | Weight in VYM | Difference |
|---|---|---|---|
| ABBVAbbvie Inc. | 2.37% | 1.80% | 0.57% |
| JPMJpmorgan Chase | 0.07% | 3.82% | 3.75% |
| TRVThe Travelers Cos, Inc. | 2.32% | 0.32% | 2.00% |
| BKBank Of New York Mellon Corp | 1.87% | 0.44% | 1.43% |
| UNHUnitedhealth Group Incorporated | 0.37% | 1.52% | 1.15% |
| STTState Street Corp. | 1.66% | 0.20% | 1.46% |
| NEMNewmont Corp Common | 1.36% | 0.41% | 0.95% |
| HUMHumana Inc. | 1.27% | 0.18% | 1.09% |
| AAPAdvance Auto Parts Inc. | 1.41% | 0.01% | 1.40% |
| JXNJackson Financial Inc USD | 1.28% | 0.03% | 1.25% |
32.9% of VYM 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.
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Frequently Asked Questions
Which is cheaper, MKTN or VYM?
MKTN has an expense ratio of 1.94% while VYM charges 0.04%. VYM is the cheaper option, by $190 a year on a $10,000 investment.
Which performed better, MKTN or VYM?
Over the past year MKTN returned +14.16% vs +13.75% for VYM, so MKTN leads on 1-year performance. Over the longest common window we track (1 years), MKTN annualized +12.75% vs +14.35% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MKTN or VYM?
VYM has been the more volatile fund at 10.8% annualized versus 5.6% for MKTN. Worst drawdown: MKTN -4.1% vs VYM -6.7%.
Should I hold both MKTN and VYM?
MKTN and VYM have a monthly-return correlation of -0.23, 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 VYM?
At least 32.9% of VYM's money is in holdings MKTN also owns. Our book for MKTN is partial, so the real figure is this or higher. They hold 108 positions in common, counted across the 398 positions we hold weights for in MKTN and 557 in VYM.
Which pays a higher dividend, MKTN or VYM?
MKTN yields 0.48% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than MKTN?
VYM has a lower expense ratio. MKTN led over 1Y, VYM over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.