MMK vs. LSAT
MMK (State Street Prime Money Market ETF) and LSAT (Leadershares Alphafactor Tactical Focused ETF) are both Money Market funds. Both are actively managed. At a correlation of -0.05, they often move in opposite directions. MMK charges 0.18%/yr vs 0.99%/yr for LSAT.
Performance
MMK vs. LSAT - Performance Comparison
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Returns By Period
MMK
- 1D
- 0.00%
- 1M
- 0.31%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
LSAT
- 1D
- -0.42%
- 1M
- 5.05%
- 6M
- 14.22%
- YTD
- 16.05%
- 1Y
- 12.48%
- 3Y*
- 10.38%
- 5Y*
- 7.22%
- 10Y*
- —
- ALL TIME*
- 12.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $119.55K | $111.59K | $104.13K | |
| $153.90K | $186.00K | $185.90K |
MMK vs. LSAT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MMK State Street Prime Money Market ETF | 1.59% |
LSAT Leadershares Alphafactor Tactical Focused ETF | 12.68% |
Correlation
The correlation between MMK and LSAT is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026 | -0.05 |
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Return for Risk
MMK vs. LSAT — Risk / Return Rank
MMK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LSAT
MMK vs. LSAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Prime Money Market ETF (MMK) and Leadershares Alphafactor Tactical Focused ETF (LSAT). 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.
| MMK | LSAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.58 | — |
| Martin ratioReturn relative to average drawdown | — | 3.72 | — |
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Drawdowns
MMK vs. LSAT - Drawdown Comparison
The maximum MMK drawdown since its inception was -0.01%, smaller than the maximum LSAT drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for MMK and LSAT.
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Drawdown Indicators
| MMK | LSAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.01% | -20.48% | +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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -5.44% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.37% | — |
Volatility
MMK vs. LSAT - Volatility Comparison
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Volatility by Period
| MMK | LSAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.17% | 12.84% | -12.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.17% | 16.22% | -16.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.17% | 16.70% | -16.53% |
MMK vs. LSAT - Expense Ratio Comparison
MMK has a 0.18% expense ratio, which is lower than LSAT's 0.99% expense ratio.
Dividends
MMK vs. LSAT - Dividend Comparison
MMK's dividend yield for the trailing twelve months is around 1.37%, less than LSAT's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.63% | 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
MMK and LSAT have a correlation of -0.05, 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 1.63%, compared with 1.37% for MMK.
They also come from different issuers: State Street and Redwood. Their fees differ too: 0.18% for MMK and 0.99% for LSAT.
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