MMKT vs. JPIB

Last updated Apr 1, 2026

Compare and contrast key facts about Texas Capital Government Money Market ETF (MMKT) and JPMorgan International Bond Opportunities ETF (JPIB).

MMKT and JPIB 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. JPIB is an actively managed fund by JPMorgan. It was launched on Apr 5, 2017.

Performance

MMKT vs. JPIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Government Money Market ETF (MMKT) and JPMorgan International Bond Opportunities ETF (JPIB). The values are adjusted to include any dividend payments, if applicable.

MMKT vs. JPIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MMKT Texas Capital Government Money Market ETF	0.84%	4.13%	1.21%
JPIB JPMorgan International Bond Opportunities ETF	-1.04%	8.19%	-1.12%

Returns By Period

In the year-to-date period, MMKT achieves a 0.84% return, which is significantly higher than JPIB's -1.04% return.

MMKT

• 1D: 0.03%
• 1M: 0.28%
• YTD: 0.84%
• 6M: 1.81%
• 1Y: 3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPIB

• 1D: 0.78%
• 1M: -2.80%
• YTD: -1.04%
• 6M: -0.01%
• 1Y: 4.84%
• 3Y*: 5.16%
• 5Y*: 2.59%
• 10Y*: —

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

MMKT vs. JPIB - Expense Ratio Comparison

MMKT has a 0.20% expense ratio, which is lower than JPIB's 0.50% expense ratio.

JPIB

JPMorgan International Bond Opportunities ETF

MMKT

Texas Capital Government Money Market ETF

Return for Risk

MMKT vs. JPIB — 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

JPIB

JPIB Risk / Return Rank: 68
JPIB Sharpe Ratio Rank: 76
JPIB Sortino Ratio Rank: 74
JPIB Omega Ratio Rank: 74
JPIB Calmar Ratio Rank: 53
JPIB Martin Ratio Rank: 61

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. JPIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Government Money Market ETF (MMKT) and JPMorgan International Bond Opportunities ETF (JPIB). 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	JPIB	Difference
Sharpe ratio Return per unit of total volatility	15.67	1.35	+14.31
Sortino ratio Return per unit of downside risk	51.57	1.82	+49.74
Omega ratio Gain probability vs. loss probability	12.51	1.27	+11.24
Calmar ratio Return relative to maximum drawdown	93.84	1.28	+92.57
Martin ratio Return relative to average drawdown	761.18	5.87	+755.30
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. JPIB - Sharpe Ratio Comparison

The current MMKT Sharpe Ratio is 15.67, which is higher than the JPIB Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of MMKT and JPIB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MMKT	JPIB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	15.67	1.35	+14.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	17.44	0.79	+16.65

Correlation

The correlation between MMKT and JPIB is 0.03, 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. JPIB - Dividend Comparison

MMKT's dividend yield for the trailing twelve months is around 3.85%, less than JPIB's 4.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
JPIB JPMorgan International Bond Opportunities ETF	4.96%	4.85%	4.57%	4.35%	3.10%	2.59%	3.14%	4.66%	5.83%	1.81%

Drawdowns

MMKT vs. JPIB - Drawdown Comparison

The maximum MMKT drawdown since its inception was -0.04%, smaller than the maximum JPIB drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for MMKT and JPIB.

Drawdown Indicators

	MMKT	JPIB	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-13.13%	+13.09%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-3.75%	+3.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.83%	—
Current Drawdown Current decline from peak	0.00%	-2.86%	+2.86%
Average Drawdown Average peak-to-trough decline	0.00%	-1.94%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.82%	-0.81%

Volatility

MMKT vs. JPIB - Volatility Comparison

The current volatility for Texas Capital Government Money Market ETF (MMKT) is 0.08%, while JPMorgan International Bond Opportunities ETF (JPIB) has a volatility of 2.21%. This indicates that MMKT experiences smaller price fluctuations and is considered to be less risky than JPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMKT	JPIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	2.21%	-2.13%
Volatility (6M) Calculated over the trailing 6-month period	0.16%	2.60%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	0.25%	3.60%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.24%	4.08%	-3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.24%	4.45%	-4.21%