EPOL vs. MMKT
EPOL (iShares MSCI Poland ETF) and MMKT (Texas Capital Government Money Market ETF) are both exchange-traded funds - EPOL is a Europe Equities fund tracking the MSCI Poland Investable Market Index, while MMKT is a Money Market fund actively managed by Texas Capital. EPOL is passively managed, while MMKT is actively managed. Over the past year, EPOL returned 36.67% vs 3.78% for MMKT. At a correlation of -0.04, they often move in opposite directions. EPOL charges 0.61%/yr vs 0.20%/yr for MMKT.
Performance
EPOL vs. MMKT - Performance Comparison
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Returns By Period
In the year-to-date period, EPOL achieves a 10.88% return, which is significantly higher than MMKT's 1.64% return.
EPOL
- 1D
- -1.60%
- 1M
- -2.33%
- YTD
- 10.88%
- 6M
- 11.51%
- 1Y
- 36.67%
- 3Y*
- 33.20%
- 5Y*
- 15.75%
- 10Y*
- 11.95%
MMKT
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 1.64%
- 6M
- 1.74%
- 1Y
- 3.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EPOL vs. MMKT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EPOL iShares MSCI Poland ETF | 10.88% | 77.34% | -12.07% |
MMKT Texas Capital Government Money Market ETF | 1.64% | 4.13% | 1.22% |
Correlation
The correlation between EPOL and MMKT is -0.15, 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 | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | -0.04 |
The correlation between EPOL and MMKT shifts across timeframes, from -0.15 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EPOL vs. MMKT — Risk / Return Rank
EPOL
MMKT
EPOL vs. MMKT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland ETF (EPOL) 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.
| EPOL | MMKT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.20 | ||
| Sortino ratioReturn per unit of downside risk | -60.47 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 15.48 | -14.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 152.14 | -148.80 |
| Martin ratioReturn relative to average drawdown | 9.08 | 912.59 | -903.51 |
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Drawdowns
EPOL vs. MMKT - Drawdown Comparison
The maximum EPOL drawdown since its inception was -63.72%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for EPOL and MMKT.
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Drawdown Indicators
| EPOL | MMKT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.72% | -0.04% | -63.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -0.02% | -11.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -54.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -61.41% | — | — |
Current DrawdownCurrent decline from peak | -4.82% | 0.00% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -0.00% | -26.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 0.00% | +4.05% |
Volatility
EPOL vs. MMKT - Volatility Comparison
iShares MSCI Poland ETF (EPOL) has a higher volatility of 7.54% compared to Texas Capital Government Money Market ETF (MMKT) at 0.05%. This indicates that EPOL'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.
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Volatility by Period
| EPOL | MMKT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 0.05% | +7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 0.13% | +18.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.71% | 0.23% | +23.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.18% | 0.23% | +28.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.43% | 0.23% | +27.20% |
EPOL vs. MMKT - Expense Ratio Comparison
EPOL has a 0.61% expense ratio, which is higher than MMKT's 0.20% expense ratio.
Dividends
EPOL vs. MMKT - Dividend Comparison
EPOL's dividend yield for the trailing twelve months is around 3.80%, more than MMKT's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPOL iShares MSCI Poland ETF | 3.80% | 4.78% | 6.04% | 2.87% | 2.65% | 1.33% | 1.44% | 2.51% | 1.44% | 1.88% | 2.14% | 2.53% |
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
EPOL and MMKT have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPOL has higher volatility (7.54%) compared to MMKT (0.05%). In terms of maximum drawdown, EPOL dropped -63.72% vs MMKT's -0.04%.
On 1-year performance, EPOL leads with 36.67% 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, EPOL has performed better with a 36.67% 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 0.61% for EPOL.
EPOL has the higher dividend yield at 3.80%, compared with 3.71% for MMKT.
EPOL is categorized as Europe Equities, while MMKT is Money Market. They also come from different issuers: iShares and Texas Capital. Their fees differ too: 0.61% for EPOL and 0.20% for MMKT.
MMKT currently has the higher Sharpe Ratio (16.75 vs 1.55), 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.
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