Are IVV and MKTN the same kind of fund?

IVV is an index ETF and MKTN is an alternatives ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each holds.

Which returned more over the last year, IVV or MKTN?

In the year to Oct 1, 2026, with distributions reinvested, IVV returned +15.8% and MKTN +12.5%.

Which is cheaper, IVV or MKTN?

IVV is cheaper, by 1.91 percentage points a year. On $10,000 held for a year that difference is about $191. Fees come from each fund's prospectus.

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IVV vs MKTN: how they differ

Over the year IVV returned +15.8% to MKTN's +12.5%, and IVV charges 0.03% to MKTN's 1.94%. iShares Core S&P 500 ETF and Federated Hermes MDT Market Neutral ETF.

+15.8%

IVV total return, 1 year

+12.5%

MKTN total return, 1 year

0.03%

IVV expense ratio

1.94%

MKTN expense ratio

On the same fields

IVV

iShares Core S&P 500 ETF

MKTN

Federated Hermes MDT Market Neutral ETF

Where it sits Core fund Alternatives ETF

Issuer iShares Federated Hermes

What it is Tracks the S&P 500 Market neutral

Total return, 1 year +15.8% +12.5%

S&P 500 over the same days +15.7% +15.7%

Gap to the S&P 500 +0.1 pts −3.2 pts

Expense ratio 0.03% 1.94%

Holdings 508 not filed

Net assets $881.3bn $107m

IVV and MKTN on the fields both publish, as of Oct 1, 2026. Source: ETFIQ.

IVV in plain words

IVV tracks the S&P 500. Over the year to Sep 30, 2026 it returned +15.8% with distributions reinvested, against +15.7% for the S&P 500 and +23.8% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 38.7%.

MKTN in plain words

MKTN is a market neutral fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Sep 30, 2026, its weekly returns had a correlation of −0.01 with the S&P 500’s and a beta of 0.00, so on average it did not move with the index at all. The S&P 500 fell in 25 of those 52 weeks, by 1.15% on average. In the same weeks MKTN rose 0.40% on average, a down-week capture of −35.0%. Over the same 52 weeks MKTN returned +13.9% and a Treasury bill fund +3.6%, so it finished 10.2 percentage points ahead of cash.

Questions people ask

Are IVV and MKTN the same kind of fund?: IVV is an index ETF and MKTN is an alternatives ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each holds.
Which returned more over the last year, IVV or MKTN?: In the year to Oct 1, 2026, with distributions reinvested, IVV returned +15.8% and MKTN +12.5%.
Which is cheaper, IVV or MKTN?: IVV is cheaper, by 1.91 percentage points a year. On $10,000 held for a year that difference is about $191. Fees come from each fund's prospectus.

Other comparisons

IVV vs JAJL IVV vs JANM IVV vs JANP IVV vs JANT MKTN vs SPY MKTN vs VOO MKTN vs QQQ MKTN vs TLT

BIL, the T-bill fund these are measured against →IVV on its own →MKTN on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

IVV filings on SEC EDGAR ↗IVV prospectus with the expense ratio (SEC) ↗iShares page for IVV ↗MKTN filings on SEC EDGAR ↗MKTN prospectus with the expense ratio (SEC) ↗Federated Hermes website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, IVV against MKTN, data as of Oct 1, 2026. https://etfiq.com/compare/any/ivv-vs-mktn

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.