LSAT vs. MMK
LSAT (Leadershares Alphafactor Tactical Focused ETF) and MMK (State Street Prime Money Market ETF) are both Money Market funds. Both are actively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. LSAT charges 0.99%/yr vs 0.18%/yr for MMK.
Performance
LSAT vs. MMK - Performance Comparison
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Returns By Period
LSAT
- 1D
- -1.47%
- 1M
- -0.08%
- 6M
- 16.18%
- YTD
- 16.87%
- 1Y
- 16.88%
- 3Y*
- 10.30%
- 5Y*
- 7.11%
- 10Y*
- —
- ALL TIME*
- 12.76%
MMK
- 1D
- 0.04%
- 1M
- 0.29%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $127.96K | $112.69K | $108.05K | |
| $172.00K | $210.46K | $196.21K |
LSAT vs. MMK - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 13.48% |
MMK State Street Prime Money Market ETF | 1.70% |
Correlation
The correlation between LSAT and MMK is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026 | -0.04 |
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Return for Risk
LSAT vs. MMK — Risk / Return Rank
LSAT
MMK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LSAT vs. MMK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leadershares Alphafactor Tactical Focused ETF (LSAT) and State Street Prime Money Market ETF (MMK). 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.
| LSAT | MMK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | — | — |
| Martin ratioReturn relative to average drawdown | 4.83 | — | — |
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Drawdowns
LSAT vs. MMK - Drawdown Comparison
The maximum LSAT drawdown since its inception was -20.48%, which is greater than MMK's maximum drawdown of -0.01%. Use the drawdown chart below to compare losses from any high point for LSAT and MMK.
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Drawdown Indicators
| LSAT | MMK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -0.01% | -20.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | — | — |
Current DrawdownCurrent decline from peak | -3.01% | 0.00% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -5.42% | 0.00% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | — | — |
Volatility
LSAT vs. MMK - Volatility Comparison
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Volatility by Period
| LSAT | MMK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 0.18% | +12.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 0.18% | +16.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 0.18% | +16.53% |
LSAT vs. MMK - Expense Ratio Comparison
LSAT has a 0.99% expense ratio, which is higher than MMK's 0.18% expense ratio.
Dividends
LSAT vs. MMK - Dividend Comparison
LSAT's dividend yield for the trailing twelve months is around 1.62%, more than MMK's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.62% | 1.90% | 1.31% | 1.85% | 0.36% | 3.44% | 0.30% |
MMK State Street Prime Money Market ETF | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LSAT and MMK have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MMK is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MMK is cheaper with a 0.18% expense ratio, compared with 0.99% for LSAT.
LSAT has the higher dividend yield at 1.62%, compared with 1.37% for MMK.
They also come from different issuers: Redwood and State Street. Their fees differ too: 0.99% for LSAT and 0.18% for MMK.
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