Are MKTN and VOO the same kind of fund?

MKTN is an alternatives ETF and VOO is an index 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, MKTN or VOO?

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

Which is cheaper, MKTN or VOO?

VOO 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.

Share on X Download as PDF

MKTN vs VOO: how they differ

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

+12.5%

MKTN total return, 1 year

+15.8%

VOO total return, 1 year

1.94%

MKTN expense ratio

0.03%

VOO expense ratio

On the same fields

MKTN

Federated Hermes MDT Market Neutral ETF

VOO

Vanguard S&P 500 ETF

Where it sits Alternatives ETF Core fund

Issuer Federated Hermes Vanguard

What it is Market neutral Tracks the S&P 500

Total return, 1 year +12.5% +15.8%

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

Gap to the S&P 500 −3.2 pts +0.1 pts

Expense ratio 1.94% 0.03%

Holdings not filed 508

Net assets $107m $1000.0bn

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

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.

VOO in plain words

VOO 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 as of Aug 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 508 positions, with the top ten at 37.8%.

Questions people ask

Are MKTN and VOO the same kind of fund?: MKTN is an alternatives ETF and VOO is an index 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, MKTN or VOO?: In the year to Oct 1, 2026, with distributions reinvested, MKTN returned +12.5% and VOO +15.8%.
Which is cheaper, MKTN or VOO?: VOO 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

MKTN vs TLT AGG vs MKTN BND vs MKTN GLD vs MKTN SCHG vs VOO SCHH vs VOO SCHP vs VOO SCHX vs VOO

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

Where these figures came from

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

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

Open data

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