MMKT vs. BND
Compare and contrast key facts about Texas Capital Government Money Market ETF (MMKT) and Vanguard Total Bond Market ETF (BND).
MMKT and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MMKT is an actively managed fund by Texas Capital. It was launched on Sep 24, 2024. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
MMKT vs. BND - Performance Comparison
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MMKT vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MMKT Texas Capital Government Money Market ETF | 0.84% | 4.13% | 1.21% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | -3.01% |
Returns By Period
In the year-to-date period, MMKT achieves a 0.84% return, which is significantly higher than BND's 0.05% return.
MMKT
- 1D
- 0.03%
- 1M
- 0.28%
- YTD
- 0.84%
- 6M
- 1.81%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
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MMKT vs. BND - Expense Ratio Comparison
MMKT has a 0.20% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MMKT vs. BND — Risk / Return Rank
MMKT
BND
MMKT vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Government Money Market ETF (MMKT) and Vanguard Total Bond Market ETF (BND). 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 | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 15.67 | 0.99 | +14.67 |
Sortino ratioReturn per unit of downside risk | 51.57 | 1.41 | +50.16 |
Omega ratioGain probability vs. loss probability | 12.51 | 1.18 | +11.33 |
Calmar ratioReturn relative to maximum drawdown | 93.84 | 1.81 | +92.03 |
Martin ratioReturn relative to average drawdown | 761.18 | 4.98 | +756.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MMKT | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 15.67 | 0.99 | +14.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 17.44 | 0.59 | +16.85 |
Correlation
The correlation between MMKT and BND is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MMKT vs. BND - Dividend Comparison
MMKT's dividend yield for the trailing twelve months is around 3.85%, less than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMKT Texas Capital Government Money Market ETF | 3.85% | 3.98% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.91% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
MMKT vs. BND - Drawdown Comparison
The maximum MMKT drawdown since its inception was -0.04%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for MMKT and BND.
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Drawdown Indicators
| MMKT | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -18.58% | +18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -2.44% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.58% | +2.58% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -3.07% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.89% | -0.88% |
Volatility
MMKT vs. BND - Volatility Comparison
The current volatility for Texas Capital Government Money Market ETF (MMKT) is 0.08%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that MMKT experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMKT | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 1.63% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 2.52% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 4.30% | -4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 6.00% | -5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 5.52% | -5.28% |