MMKT vs. AIS

Last updated Jun 4, 2026

MMKT (Texas Capital Government Money Market ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both exchange-traded funds - MMKT is a Money Market fund actively managed by Texas Capital, while AIS is a Technology Equities fund actively managed by VistaShares. Both are actively managed. Over the past year, MMKT returned 3.81% vs 226.72% for AIS. At a correlation of -0.07, they often move in opposite directions. MMKT charges 0.20%/yr vs 0.75%/yr for AIS.

Performance

MMKT vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Government Money Market ETF (MMKT) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MMKT achieves a 1.44% return, which is significantly lower than AIS's 118.61% return.

MMKT

• 1D: 0.01%
• 1M: 0.28%
• YTD: 1.44%
• 6M: 1.76%
• 1Y: 3.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIS

• 1D: 0.72%
• 1M: 35.87%
• YTD: 118.61%
• 6M: 122.65%
• 1Y: 226.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MMKT vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MMKT Texas Capital Government Money Market ETF	1.44%	4.13%	0.35%
AIS VistaShares Artificial Intelligence Supercycle ETF	118.61%	58.35%	-4.92%

Correlation

The correlation between MMKT and AIS 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 Dec 4, 2024	-0.07

Return for Risk

MMKT vs. AIS — Risk / Return Rank

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

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

AIS

AIS Risk / Return Rank: 97
AIS Sharpe Ratio Rank: 98
AIS Sortino Ratio Rank: 96
AIS Omega Ratio Rank: 96
AIS Calmar Ratio Rank: 98
AIS Martin Ratio Rank: 97

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.

MMKT vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Government Money Market ETF (MMKT) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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.

	MMKT	AIS	Difference
Sharpe ratio: Return per unit of total volatility	16.49	6.34	+10.14
Sortino ratio: Return per unit of downside risk	62.61	5.78	+56.82
Omega ratio: Gain probability vs. loss probability	15.14	1.80	+13.34
Calmar ratio: Return relative to maximum drawdown	153.44	14.41	+139.03
Martin ratio: Return relative to average drawdown	910.67	47.43	+863.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMKT vs. AIS - Sharpe Ratio Comparison

The current MMKT Sharpe Ratio is 16.49, which is higher than the AIS Sharpe Ratio of 6.34. The chart below compares the historical Sharpe Ratios of MMKT and AIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MMKT	AIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	16.49	6.34	+10.14
Sharpe Ratio (All Time) Calculated using the full available price history	17.60	3.24	+14.36

Drawdowns

MMKT vs. AIS - Drawdown Comparison

The maximum MMKT drawdown since its inception was -0.04%, smaller than the maximum AIS drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for MMKT and AIS.

Drawdown Indicators

	MMKT	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-32.78%	+32.74%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-15.84%	+15.82%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.00%	-5.45%	+5.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	4.80%	-4.80%

Volatility

MMKT vs. AIS - Volatility Comparison

The current volatility for Texas Capital Government Money Market ETF (MMKT) is 0.05%, while VistaShares Artificial Intelligence Supercycle ETF (AIS) has a volatility of 16.12%. This indicates that MMKT experiences smaller price fluctuations and is considered to be less risky than AIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMKT	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	16.12%	-16.07%
Volatility (6M) Calculated over the trailing 6-month period	0.13%	29.95%	-29.82%
Volatility (1Y) Calculated over the trailing 1-year period	0.23%	36.00%	-35.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.23%	38.04%	-37.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.23%	38.04%	-37.81%

MMKT vs. AIS - Expense Ratio Comparison

MMKT has a 0.20% expense ratio, which is lower than AIS's 0.75% expense ratio.

Dividends

MMKT vs. AIS - Dividend Comparison

MMKT's dividend yield for the trailing twelve months is around 3.73%, while AIS has not paid dividends to shareholders.

Position	TTM	2025	2024
AIS VistaShares Artificial Intelligence Supercycle ETF	0.00%	0.00%	0.00%
MMKT Texas Capital Government Money Market ETF	3.73%	3.98%	1.07%

Frequently Asked Questions

Can I hold both MMKT and AIS in my portfolio?

MMKT and AIS 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.

Which is riskier, MMKT or AIS?

AIS has higher volatility (16.12%) compared to MMKT (0.05%). In terms of maximum drawdown, MMKT dropped -0.04% vs AIS's -32.78%.

Which ETF is better, MMKT or AIS?

On 1-year performance, AIS leads with 226.72% vs 3.81% 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.

Which ETF has performed better, MMKT or AIS?

Over the 1-year period, AIS has performed better with a 226.72% return vs 3.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MMKT or AIS?

MMKT is cheaper with a 0.20% expense ratio, compared with 0.75% for AIS.

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

MMKT has the higher dividend yield at 3.73%, compared with 0.00% for AIS.

What is the main difference between MMKT and AIS?

MMKT is categorized as Money Market, while AIS is Technology Equities. They also come from different issuers: Texas Capital and VistaShares. Their fees differ too: 0.20% for MMKT and 0.75% for AIS.

Which has better risk-adjusted returns?

MMKT currently has the higher Sharpe Ratio (16.49 vs 6.34), 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.