MMKT vs. QQQA
MMKT (Texas Capital Government Money Market ETF) and QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) are both exchange-traded funds - MMKT is a Money Market fund actively managed by Texas Capital, while QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. MMKT is actively managed, while QQQA is passively managed. Over the past year, MMKT returned 3.72% vs 62.87% for QQQA. Their -0.02 correlation means they have often moved in opposite directions in the past. MMKT charges 0.20%/yr vs 0.58%/yr for QQQA.
Performance
MMKT vs. QQQA - Performance Comparison
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Returns By Period
In the year-to-date period, MMKT achieves a 2.05% return, which is significantly lower than QQQA's 44.44% return.
MMKT
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.75%
- YTD
- 2.05%
- 1Y
- 3.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.01%
QQQA
- 1D
- 1.29%
- 1M
- -5.50%
- 6M
- 31.12%
- YTD
- 44.44%
- 1Y
- 62.87%
- 3Y*
- 27.15%
- 5Y*
- 10.11%
- 10Y*
- —
- ALL TIME*
- 11.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $508.57K | $519.13K | $740.73K | |
| $2.42M | $3.28M | $3.82M |
MMKT vs. QQQA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MMKT Texas Capital Government Money Market ETF | 2.05% | 4.13% | 1.22% |
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 44.44% | 9.87% | 4.59% |
Correlation
The correlation between MMKT and QQQA is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | -0.02 |
The correlation between MMKT and QQQA shifts across timeframes, from -0.17 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MMKT vs. QQQA — Risk / Return Rank
MMKT
QQQA
MMKT vs. QQQA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Government Money Market ETF (MMKT) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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.
| MMKT | QQQA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +15.25 | ||
| Sortino ratioReturn per unit of downside risk | +63.24 | ||
| Omega ratioGain probability vs. loss probability | 17.69 | 1.32 | +16.37 |
| Calmar ratioReturn relative to maximum drawdown | 149.89 | 2.82 | +147.07 |
| Martin ratioReturn relative to average drawdown | 940.27 | 9.70 | +930.57 |
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Drawdowns
MMKT vs. QQQA - Drawdown Comparison
The maximum MMKT drawdown since its inception was -0.04%, smaller than the maximum QQQA drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for MMKT and QQQA.
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Drawdown Indicators
| MMKT | QQQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -38.44% | +38.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -22.41% | +22.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.44% | — |
Current DrawdownCurrent decline from peak | 0.00% | -17.45% | +17.45% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -15.52% | +15.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 6.50% | -6.50% |
Volatility
MMKT vs. QQQA - Volatility Comparison
The current volatility for Texas Capital Government Money Market ETF (MMKT) is 0.06%, while ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a volatility of 10.99%. This indicates that MMKT experiences smaller price fluctuations and is considered to be less risky than QQQA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMKT | QQQA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 10.99% | -10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 29.73% | -29.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 33.66% | -33.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.23% | 27.46% | -27.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.23% | 27.08% | -26.85% |
MMKT vs. QQQA - Expense Ratio Comparison
MMKT has a 0.20% expense ratio, which is lower than QQQA's 0.58% expense ratio.
Dividends
MMKT vs. QQQA - Dividend Comparison
MMKT's dividend yield for the trailing twelve months is around 3.65%, more than QQQA's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MMKT Texas Capital Government Money Market ETF | 3.65% | 3.98% | 1.07% | 0.00% | 0.00% | 0.00% |
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.03% | 0.10% | 0.09% | 0.34% | 0.28% | 0.10% |
Frequently Asked Questions
MMKT and QQQA have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQA has higher volatility (10.99%) compared to MMKT (0.06%). In terms of maximum drawdown, MMKT dropped -0.04% vs QQQA's -38.44%.
On 1-year performance, QQQA leads with 62.87% vs 3.72% for MMKT. On fees, MMKT is cheaper at 0.20% per year. On volatility, MMKT has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQA has performed better with a 62.87% return vs 3.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MMKT is cheaper with a 0.20% expense ratio, compared with 0.58% for QQQA.
MMKT has the higher dividend yield at 3.65%, compared with 0.03% for QQQA.
MMKT is categorized as Money Market, while QQQA is Nasdaq-100. They also come from different issuers: Texas Capital and ProShares. Their fees differ too: 0.20% for MMKT and 0.58% for QQQA.
MMKT currently has the higher Sharpe Ratio (17.13 vs 1.88), 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.
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