FLKR vs. MMKT

Last updated Jun 24, 2026

FLKR (Franklin FTSE South Korea ETF) and MMKT (Texas Capital Government Money Market ETF) are both exchange-traded funds - FLKR is a Asia Pacific Equities fund tracking the FTSE South Korea RIC Capped Index, while MMKT is a Money Market fund actively managed by Texas Capital. FLKR is passively managed, while MMKT is actively managed. Over the past year, FLKR returned 178.78% vs 3.78% for MMKT. At a correlation of -0.08, they often move in opposite directions. FLKR charges 0.09%/yr vs 0.20%/yr for MMKT.

Performance

FLKR vs. MMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE South Korea ETF (FLKR) 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, FLKR achieves a 97.22% return, which is significantly higher than MMKT's 1.64% return.

FLKR

• 1D: -12.51%
• 1M: 7.54%
• YTD: 97.22%
• 6M: 107.52%
• 1Y: 178.78%
• 3Y*: 48.47%
• 5Y*: 17.46%
• 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)

FLKR vs. MMKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLKR Franklin FTSE South Korea ETF	97.22%	91.91%	-18.77%
MMKT Texas Capital Government Money Market ETF	1.64%	4.13%	1.22%

Correlation

The correlation between FLKR and MMKT is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	-0.08

Return for Risk

FLKR vs. MMKT — Risk / Return Rank

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

FLKR

FLKR Risk / Return Rank: 92
FLKR Sharpe Ratio Rank: 95
FLKR Sortino Ratio Rank: 85
FLKR Omega Ratio Rank: 89
FLKR Calmar Ratio Rank: 95
FLKR Martin Ratio Rank: 94

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.

FLKR vs. MMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) 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.

	FLKR	MMKT	Difference
Sharpe ratio: Return per unit of total volatility	3.71	16.75	-13.04
Sortino ratio: Return per unit of downside risk	3.60	62.70	-59.11
Omega ratio: Gain probability vs. loss probability	1.54	15.48	-13.94
Calmar ratio: Return relative to maximum drawdown	7.81	152.14	-144.32
Martin ratio: Return relative to average drawdown	26.91	912.59	-885.68

FLKR vs. MMKT - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 3.71, which is lower than the MMKT Sharpe Ratio of 16.75. The chart below compares the historical Sharpe Ratios of FLKR 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

FLKR vs. MMKT - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for FLKR and MMKT.

Drawdown Indicators

	FLKR	MMKT	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-0.04%	-50.02%
Max Drawdown (1Y) Largest decline over 1 year	-23.03%	-0.02%	-23.01%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.51%	—	—
Current Drawdown Current decline from peak	-12.51%	0.00%	-12.51%
Average Drawdown Average peak-to-trough decline	-21.98%	-0.00%	-21.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	0.00%	+6.67%

Volatility

FLKR vs. MMKT - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 30.00% compared to Texas Capital Government Money Market ETF (MMKT) at 0.05%. This indicates that FLKR'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

	FLKR	MMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.00%	0.05%	+29.95%
Volatility (6M) Calculated over the trailing 6-month period	45.17%	0.13%	+45.04%
Volatility (1Y) Calculated over the trailing 1-year period	48.46%	0.23%	+48.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.50%	0.23%	+30.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.88%	0.23%	+28.65%

FLKR vs. MMKT - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than MMKT's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLKR vs. MMKT - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 1.86%, less than MMKT's 3.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLKR Franklin FTSE South Korea ETF	1.86%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%
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%

Frequently Asked Questions

Can I hold both FLKR and MMKT in my portfolio?

FLKR and MMKT have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLKR or MMKT?

FLKR has higher volatility (30.00%) compared to MMKT (0.05%). In terms of maximum drawdown, FLKR dropped -50.06% vs MMKT's -0.04%.

Which ETF is better, FLKR or MMKT?

On 1-year performance, FLKR leads with 178.78% vs 3.78% for MMKT. On fees, FLKR is cheaper at 0.09% 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, FLKR or MMKT?

Over the 1-year period, FLKR has performed better with a 178.78% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLKR or MMKT?

FLKR is cheaper with a 0.09% expense ratio, compared with 0.20% for MMKT.

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

MMKT has the higher dividend yield at 3.71%, compared with 1.86% for FLKR.

What is the main difference between FLKR and MMKT?

FLKR is categorized as Asia Pacific Equities, while MMKT is Money Market. They also come from different issuers: Franklin Templeton and Texas Capital. Their fees differ too: 0.09% for FLKR and 0.20% for MMKT.

Which has better risk-adjusted returns?

MMKT currently has the higher Sharpe Ratio (16.75 vs 3.71), 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.