EDGX vs. MMKT

Last updated Jun 24, 2026

EDGX (Global X U.S. 500 Income Edge ETF) and MMKT (Texas Capital Government Money Market ETF) are both exchange-traded funds - EDGX is a Derivative Income fund tracking the Solactive GBS United States 500 Index, while MMKT is a Money Market fund actively managed by Texas Capital. EDGX is passively managed, while MMKT is actively managed. At a correlation of -0.33, they often move in opposite directions.

Performance

EDGX vs. MMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 Income Edge ETF (EDGX) and Texas Capital Government Money Market ETF (MMKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EDGX

• 1D: -1.26%
• 1M: -0.98%
• YTD: —
• 6M: —
• 1Y: —
• 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)

EDGX vs. MMKT - Yearly Performance Comparison

	2026 (YTD)
EDGX Global X U.S. 500 Income Edge ETF	7.78%
MMKT Texas Capital Government Money Market ETF	1.20%

Correlation

The correlation between EDGX and MMKT is -0.33, 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 (All Time) Calculated using the full available price history since Feb 18, 2026	-0.33

Return for Risk

EDGX vs. MMKT — Risk / Return Rank

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

EDGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

EDGX vs. MMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 Income Edge ETF (EDGX) 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.

	EDGX	MMKT	Difference
Sharpe ratio: Return per unit of total volatility	—	16.75	—
Sortino ratio: Return per unit of downside risk	—	62.70	—
Omega ratio: Gain probability vs. loss probability	—	15.48	—
Calmar ratio: Return relative to maximum drawdown	—	152.14	—
Martin ratio: Return relative to average drawdown	—	912.59	—

Drawdowns

EDGX vs. MMKT - Drawdown Comparison

The maximum EDGX drawdown since its inception was -7.56%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for EDGX and MMKT.

Drawdown Indicators

	EDGX	MMKT	Difference
Max Drawdown Largest peak-to-trough decline	-7.56%	-0.04%	-7.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
Current Drawdown Current decline from peak	-2.65%	0.00%	-2.65%
Average Drawdown Average peak-to-trough decline	-1.55%	-0.00%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	EDGX	MMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	0.23%	+13.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.04%	0.23%	+13.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.04%	0.23%	+13.81%

Dividends

EDGX vs. MMKT - Dividend Comparison

EDGX's dividend yield for the trailing twelve months is around 3.02%, less than MMKT's 3.71% yield.

Position	TTM	2025	2024
EDGX Global X U.S. 500 Income Edge ETF	3.02%	0.00%	0.00%
MMKT Texas Capital Government Money Market ETF	3.71%	3.98%	1.07%

Frequently Asked Questions

Can I hold both EDGX and MMKT in my portfolio?

EDGX and MMKT have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

MMKT has the higher dividend yield at 3.71%, compared with 3.02% for EDGX.

What is the main difference between EDGX and MMKT?

EDGX is categorized as Derivative Income, while MMKT is Money Market. They also come from different issuers: Global X and Texas Capital.