- CUSIP
- 88224A508
- Issuer
- Texas Capital
- Inception Date
- Sep 24, 2024
- Category
- Money Market
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $63M
Highlights
- Avg. Volume (1M)
- 5K
- Avg. Volume Value (1M)
- $526.19K
Share Price Chart
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Performance
MMKT Performance Chart
Texas Capital Government Money Market ETF (MMKT) is up 2.0% since the beginning of the year. MMKT is currently trading at $100 per share.
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Returns By Period
Texas Capital Government Money Market ETF (MMKT) has returned 2.03% so far this year and 3.70% over the past 12 months.
Texas Capital Government Money Market ETF
- 1D
- 0.03%
- 1M
- 0.28%
- 6M
- 1.74%
- YTD
- 2.03%
- 1Y
- 3.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.02%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MMKT Monthly Returns History
Based on dividend-adjusted daily data since Sep 25, 2024, MMKT's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 100% of months were positive and 0% were negative. The best month was Dec 2024 with a return of +0.4%, while the worst month was Sep 2024 at 0.1%. The longest winning streak lasted 23 consecutive months, and the longest losing streak was 0 months.
On a daily basis, MMKT closed higher 85% of trading days. The best single day was Apr 8, 2025 with a return of +0.1%, while the worst single day was Apr 4, 2025 at -0.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.28% | 0.28% | 0.28% | 0.28% | 0.29% | 0.28% | 0.32% | 2.03% | |||||
| 2025 | 0.35% | 0.32% | 0.37% | 0.32% | 0.37% | 0.32% | 0.34% | 0.38% | 0.34% | 0.35% | 0.27% | 0.34% | 4.13% |
| 2024 | 0.08% | 0.38% | 0.37% | 0.39% | 1.22% |
Benchmark Metrics
Texas Capital Government Money Market ETF has an annualized alpha of 4.02%, beta of 0.00, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since September 25, 2024.
- This ETF captured 7.18% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -19.56%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.02%
- Beta
- 0.00
- R²
- 0.01
- Upside Capture
- 7.18%
- Downside Capture
- -19.56%
Expense Ratio
MMKT has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
MMKT ranks 100 for risk / return — above 100% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Texas Capital Government Money Market ETF (MMKT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MMKT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +15.68 | ||
| Sortino ratioReturn per unit of downside risk | +64.04 | ||
| Omega ratioGain probability vs. loss probability | 17.80 | 1.25 | +16.54 |
| Calmar ratioReturn relative to maximum drawdown | 150.92 | 2.00 | +148.91 |
| Martin ratioReturn relative to average drawdown | 946.68 | 8.49 | +938.19 |
Dividends
Dividend History
Texas Capital Government Money Market ETF provided a 3.65% dividend yield over the last twelve months, with an annual payout of $3.65 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $3.65 | $3.99 | $1.07 |
Dividend yield | 3.65% | 3.98% | 1.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Texas Capital Government Money Market ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.28 | $0.24 | $0.30 | $0.27 | $0.33 | $0.27 | $0.34 | $2.03 | |||||
| 2025 | $0.26 | $0.32 | $0.38 | $0.32 | $0.40 | $0.31 | $0.31 | $0.39 | $0.31 | $0.37 | $0.28 | $0.34 | $3.99 |
| 2024 | $0.27 | $0.35 | $0.45 | $1.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Texas Capital Government Money Market ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Texas Capital Government Money Market ETF was 0.04%, occurring on Apr 4, 2025. Recovery took 2 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-0.04%Apr 2025 | 1d | 4d | 4dApr 2025 - Apr 2025 | 2025 selloff2025 |
-0.02%Aug 2025 | 1d | 2d | 3dAug 2025 - Aug 2025 | — |
-0.02%Mar 2026 | 1d | 1d | 1dMar 2026 - Mar 2026 | — |
-0.02%Oct 2025 | 1d | 1d | 1dOct 2025 - Oct 2025 | — |
-0.02%Oct 2025 | 1d | 2d | 2dOct 2025 - Oct 2025 | — |
Drawdown Indicators
| MMKT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -56.78% | +56.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -9.10% | +9.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -10.70% | +10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.14% | -2.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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