BOTT vs. MMKT

Last updated Jun 24, 2026

BOTT (Themes Humanoid Robotics ETF) and MMKT (Texas Capital Government Money Market ETF) are both exchange-traded funds - BOTT is a Robotics fund tracking the Solactive Global Humanoid Robotics Index, while MMKT is a Money Market fund actively managed by Texas Capital. BOTT is passively managed, while MMKT is actively managed. Over the past year, BOTT returned 68.82% vs 3.78% for MMKT. At a correlation of -0.05, they often move in opposite directions. BOTT charges 0.35%/yr vs 0.20%/yr for MMKT.

Performance

BOTT vs. MMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Humanoid Robotics ETF (BOTT) and Texas Capital Government Money Market ETF (MMKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOTT achieves a 14.95% return, which is significantly higher than MMKT's 1.64% return.

BOTT

• 1D: -4.43%
• 1M: -11.51%
• YTD: 14.95%
• 6M: 19.49%
• 1Y: 68.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MMKT

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.64%
• 6M: 1.74%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOTT vs. MMKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BOTT Themes Humanoid Robotics ETF	14.95%	55.56%	1.14%
MMKT Texas Capital Government Money Market ETF	1.64%	4.13%	1.22%

Correlation

The correlation between BOTT and MMKT is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	-0.05

Return for Risk

BOTT vs. MMKT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOTT

BOTT Risk / Return Rank: 48
BOTT Sharpe Ratio Rank: 56
BOTT Sortino Ratio Rank: 53
BOTT Omega Ratio Rank: 47
BOTT Calmar Ratio Rank: 48
BOTT Martin Ratio Rank: 38

MMKT

MMKT Risk / Return Rank: 100
MMKT Sharpe Ratio Rank: 100
MMKT Sortino Ratio Rank: 100
MMKT Omega Ratio Rank: 100
MMKT Calmar Ratio Rank: 100
MMKT Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOTT vs. MMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Humanoid Robotics ETF (BOTT) and Texas Capital Government Money Market ETF (MMKT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BOTT	MMKT	Difference
Sharpe ratio: Return per unit of total volatility	1.80	16.75	-14.95
Sortino ratio: Return per unit of downside risk	2.44	62.70	-60.26
Omega ratio: Gain probability vs. loss probability	1.29	15.48	-14.19
Calmar ratio: Return relative to maximum drawdown	2.25	152.14	-149.89
Martin ratio: Return relative to average drawdown	5.64	912.59	-906.95

BOTT vs. MMKT - Sharpe Ratio Comparison

The current BOTT Sharpe Ratio is 1.80, which is lower than the MMKT Sharpe Ratio of 16.75. The chart below compares the historical Sharpe Ratios of BOTT and MMKT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOTT vs. MMKT - Drawdown Comparison

The maximum BOTT drawdown since its inception was -30.74%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for BOTT and MMKT.

Drawdown Indicators

	BOTT	MMKT	Difference
Max Drawdown Largest peak-to-trough decline	-30.74%	-0.04%	-30.70%
Max Drawdown (1Y) Largest decline over 1 year	-30.74%	-0.02%	-30.72%
Current Drawdown Current decline from peak	-23.07%	0.00%	-23.07%
Average Drawdown Average peak-to-trough decline	-7.06%	-0.00%	-7.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.25%	0.00%	+12.25%

Volatility

BOTT vs. MMKT - Volatility Comparison

Themes Humanoid Robotics ETF (BOTT) has a higher volatility of 12.52% compared to Texas Capital Government Money Market ETF (MMKT) at 0.05%. This indicates that BOTT's price experiences larger fluctuations and is considered to be riskier than MMKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOTT	MMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.52%	0.05%	+12.47%
Volatility (6M) Calculated over the trailing 6-month period	32.19%	0.13%	+32.06%
Volatility (1Y) Calculated over the trailing 1-year period	38.43%	0.23%	+38.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.68%	0.23%	+33.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.68%	0.23%	+33.45%

BOTT vs. MMKT - Expense Ratio Comparison

BOTT has a 0.35% expense ratio, which is higher than MMKT's 0.20% expense ratio.

Dividends

BOTT vs. MMKT - Dividend Comparison

BOTT's dividend yield for the trailing twelve months is around 0.12%, less than MMKT's 3.71% yield.

Position	TTM	2025	2024
BOTT Themes Humanoid Robotics ETF	0.12%	0.14%	1.74%
MMKT Texas Capital Government Money Market ETF	3.71%	3.98%	1.07%

Frequently Asked Questions

Can I hold both BOTT and MMKT in my portfolio?

BOTT and MMKT have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOTT or MMKT?

BOTT has higher volatility (12.52%) compared to MMKT (0.05%). In terms of maximum drawdown, BOTT dropped -30.74% vs MMKT's -0.04%.

Which ETF is better, BOTT or MMKT?

On 1-year performance, BOTT leads with 68.82% vs 3.78% for MMKT. On fees, MMKT is cheaper at 0.20% per year. On volatility, MMKT has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOTT or MMKT?

Over the 1-year period, BOTT has performed better with a 68.82% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOTT or MMKT?

MMKT is cheaper with a 0.20% expense ratio, compared with 0.35% for BOTT.

Which ETF pays a higher dividend yield, BOTT or MMKT?

MMKT has the higher dividend yield at 3.71%, compared with 0.12% for BOTT.

What is the main difference between BOTT and MMKT?

BOTT is categorized as Robotics, while MMKT is Money Market. They also come from different issuers: Themes and Texas Capital. Their fees differ too: 0.35% for BOTT and 0.20% for MMKT.

Which has better risk-adjusted returns?

MMKT currently has the higher Sharpe Ratio (16.75 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.