EEMV vs. MMKT
EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and MMKT (Texas Capital Government Money Market ETF) are both exchange-traded funds - EEMV is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index, while MMKT is a Money Market fund actively managed by Texas Capital. EEMV is passively managed, while MMKT is actively managed. Over the past year, EEMV returned 24.00% vs 3.78% for MMKT. At a correlation of -0.05, they often move in opposite directions. EEMV charges 0.25%/yr vs 0.20%/yr for MMKT.
Performance
EEMV vs. MMKT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EEMV achieves a 16.76% return, which is significantly higher than MMKT's 1.64% return.
EEMV
- 1D
- -3.65%
- 1M
- 3.07%
- YTD
- 16.76%
- 6M
- 16.47%
- 1Y
- 24.00%
- 3Y*
- 14.12%
- 5Y*
- 5.66%
- 10Y*
- 6.81%
MMKT
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 1.64%
- 6M
- 1.74%
- 1Y
- 3.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EEMV vs. MMKT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 16.76% | 13.45% | -5.27% |
MMKT Texas Capital Government Money Market ETF | 1.64% | 4.13% | 1.22% |
Correlation
The correlation between EEMV 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EEMV vs. MMKT — Risk / Return Rank
EEMV
MMKT
EEMV vs. MMKT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) 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.
| EEMV | MMKT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.17 | ||
| Sortino ratioReturn per unit of downside risk | -60.51 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 15.48 | -14.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 152.14 | -149.52 |
| Martin ratioReturn relative to average drawdown | 9.38 | 912.59 | -903.21 |
Loading charts...
Drawdowns
EEMV vs. MMKT - Drawdown Comparison
The maximum EEMV drawdown since its inception was -31.56%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for EEMV and MMKT.
Loading charts...
Drawdown Indicators
| EEMV | MMKT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.56% | -0.04% | -31.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -0.02% | -9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.56% | — | — |
Current DrawdownCurrent decline from peak | -3.65% | 0.00% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -0.00% | -7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 0.00% | +2.57% |
Volatility
EEMV vs. MMKT - Volatility Comparison
iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a higher volatility of 8.95% compared to Texas Capital Government Money Market ETF (MMKT) at 0.05%. This indicates that EEMV'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.
Loading charts...
Volatility by Period
| EEMV | MMKT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 0.05% | +8.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 0.13% | +14.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 0.23% | +15.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.36% | 0.23% | +12.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 0.23% | +13.74% |
EEMV vs. MMKT - Expense Ratio Comparison
EEMV has a 0.25% expense ratio, which is higher than MMKT's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EEMV vs. MMKT - Dividend Comparison
EEMV's dividend yield for the trailing twelve months is around 2.19%, less than MMKT's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 2.19% | 2.65% | 3.50% | 2.75% | 1.93% | 2.14% | 2.45% | 2.63% | 2.46% | 2.34% | 2.79% | 2.55% |
MMKT Texas Capital Government Money Market ETF | 3.71% | 3.98% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EEMV 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.
EEMV has higher volatility (8.95%) compared to MMKT (0.05%). In terms of maximum drawdown, EEMV dropped -31.56% vs MMKT's -0.04%.
On 1-year performance, EEMV leads with 24.00% 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.
Over the 1-year period, EEMV has performed better with a 24.00% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MMKT is cheaper with a 0.20% expense ratio, compared with 0.25% for EEMV.
MMKT has the higher dividend yield at 3.71%, compared with 2.19% for EEMV.
EEMV is categorized as Asia Pacific Equities, while MMKT is Money Market. They also come from different issuers: iShares and Texas Capital. Their fees differ too: 0.25% for EEMV and 0.20% for MMKT.
MMKT currently has the higher Sharpe Ratio (16.75 vs 1.58), 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.
Find the right allocation for EEMV and MMKT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer