Texas Capital Government Money Market ETF (MMKT) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MMKT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMKT
MMKT charges 0.20% annually. There are 4 ETFs in the Money Market category with lower expense ratios, going as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Government Money Market ETF | 0.15% | 5.01B | Jul 2025 | MMKT vs SBIL | |
| ProShares GENIUS Money Market ETF | 0.15% | 20.33B | Feb 2026 | MMKT vs IQMM | |
| JPMorgan 100% U.S. Treasury Securities Money Marke... | 0.16% | 66.06M | Dec 2025 | MMKT vs JMMF | |
| State Street Prime Money Market ETF | 0.18% | 28.02M | Feb 2026 | MMKT vs MMK | |
| iShares Prime Money Market ETF | 0.20% | 645.79M | Feb 2025 | MMKT vs PMMF |
Best Risk-Adjusted Alternatives to MMKT
MMKT has a PortfoliosLab risk / return rank of 100. There are 2 ETFs in the Money Market category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Prime Money Market ETF | 100 | 645.79M | Feb 2025 | MMKT vs PMMF | |
| Schwab Government Money Market ETF | 100 | 788.55M | Jun 2025 | MMKT vs SGVT | |
| Columbia Multi-Sector Municipal Income ETF | 43 | 595.07M | Oct 2018 | MMKT vs MUST | |
| Leadershares Alphafactor Tactical Focused ETF | 39 | 61.78M | Oct 2020 | MMKT vs LSAT |
Top Performing MMKT Alternatives (YTD)
MMKT is at 1.83% YTD. There are 3 ETFs in the Money Market category with higher YTD returns, going as high as 16.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leadershares Alphafactor Tactical Focused ETF | 16.37% | 61.78M | Oct 2020 | MMKT vs LSAT | |
| iShares Prime Money Market ETF | 1.92% | 645.79M | Feb 2025 | MMKT vs PMMF | |
| Simplify Government Money Market ETF | 1.90% | 5.01B | Jul 2025 | MMKT vs SBIL | |
| JPMorgan 100% U.S. Treasury Securities Money Marke... | 1.82% | 66.06M | Dec 2025 | MMKT vs JMMF | |
| Schwab Government Money Market ETF | 1.78% | 788.55M | Jun 2025 | MMKT vs SGVT |
Lowest Volatility Alternatives to MMKT
MMKT has 0.22% 1-year volatility. There are 2 ETFs in the Money Market category with lower 1-year volatility, going as low as 0.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Prime Money Market ETF | 0.18% | 28.02M | Feb 2026 | MMKT vs MMK | |
| iShares Prime Money Market ETF | 0.19% | 645.79M | Feb 2025 | MMKT vs PMMF | |
| ProShares GENIUS Money Market ETF | 0.22% | 20.33B | Feb 2026 | MMKT vs IQMM | |
| Schwab Government Money Market ETF | 0.22% | 788.55M | Jun 2025 | MMKT vs SGVT | |
| Simplify Government Money Market ETF | 0.26% | 5.01B | Jul 2025 | MMKT vs SBIL |
Lowest Drawdown Alternatives to MMKT
MMKT has a 1-year max drawdown of -0.02%. No ETFs in the Money Market category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -0.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Prime Money Market ETF | -0.02% | 645.79M | Feb 2025 | MMKT vs PMMF | |
| Schwab Government Money Market ETF | -0.03% | 788.55M | Jun 2025 | MMKT vs SGVT | |
| Columbia Multi-Sector Municipal Income ETF | -3.01% | 595.07M | Oct 2018 | MMKT vs MUST | |
| Leadershares Alphafactor Tactical Focused ETF | -7.94% | 61.78M | Oct 2020 | MMKT vs LSAT |
Other ETFs from Texas Capital
The 2 most viewed Texas Capital ETFs shown here include OILT, TXS and span 2 categories. AUM among these funds goes as high as $34M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Texas Capital Texas Oil Index ETF | Energy Equities | 32 | 26.26% | 14.45M | Dec 2023 | MMKT vs OILT | |
| Texas Capital Texas Equity Index ETF | Mid Cap Blend Equities | 59 | 14.40% | 33.74M | Jul 2023 | MMKT vs TXS |
Often Compared With MMKT
Investors most often compare MMKT with SGOV, BOXX, VUSXX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare MMKT with Any Fund or Stock
Compare MMKT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMKT with funds that move differently
Texas Capital Government Money Market ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMKT.
Explore MMKT Diversifiers