MMKT vs. VUSXX
MMKT (Texas Capital Government Money Market ETF) and VUSXX (Vanguard Treasury Money Market Fund) are both Money Market funds. Both are actively managed. Over the past year, MMKT returned 3.79% vs 3.98% for VUSXX. At a 0.18 correlation, their price movements are largely independent. MMKT charges 0.20%/yr vs 0.07%/yr for VUSXX.
Performance
MMKT vs. VUSXX - Performance Comparison
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Returns By Period
In the year-to-date period, MMKT achieves a 1.62% return, which is significantly higher than VUSXX's 1.51% return.
MMKT
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 1.62%
- 6M
- 1.73%
- 1Y
- 3.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VUSXX
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 1.51%
- 6M
- 1.84%
- 1Y
- 3.98%
- 3Y*
- 2.61%
- 5Y*
- 1.56%
- 10Y*
- —
MMKT vs. VUSXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MMKT Texas Capital Government Money Market ETF | 1.62% | 4.13% | 1.22% |
VUSXX Vanguard Treasury Money Market Fund | 1.51% | 4.25% | 1.19% |
Correlation
The correlation between MMKT and VUSXX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.18 |
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Return for Risk
MMKT vs. VUSXX — Risk / Return Rank
MMKT
VUSXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MMKT vs. VUSXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Capital Government Money Market ETF (MMKT) and Vanguard Treasury Money Market Fund (VUSXX). 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 | VUSXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.09 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 15.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 152.72 | — | — |
| Martin ratioReturn relative to average drawdown | 913.70 | — | — |
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Drawdowns
MMKT vs. VUSXX - Drawdown Comparison
The maximum MMKT drawdown since its inception was -0.04%, which is greater than VUSXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MMKT and VUSXX.
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Drawdown Indicators
| MMKT | VUSXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | 0.00% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | 0.00% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | 0.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | 0.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.00% | 0.00% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.00% | 0.00% |
Volatility
MMKT vs. VUSXX - Volatility Comparison
The current volatility for Texas Capital Government Money Market ETF (MMKT) is 0.05%, while Vanguard Treasury Money Market Fund (VUSXX) has a volatility of 0.31%. This indicates that MMKT experiences smaller price fluctuations and is considered to be less risky than VUSXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMKT | VUSXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.31% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 0.73% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 1.12% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.23% | 0.75% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.23% | 0.74% | -0.51% |
MMKT vs. VUSXX - Expense Ratio Comparison
MMKT has a 0.20% expense ratio, which is higher than VUSXX's 0.07% 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%.
Dividends
MMKT vs. VUSXX - Dividend Comparison
MMKT's dividend yield for the trailing twelve months is around 3.71%, less than VUSXX's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MMKT Texas Capital Government Money Market ETF | 3.71% | 3.98% | 1.07% | 0.00% |
VUSXX Vanguard Treasury Money Market Fund | 3.89% | 4.15% | 1.63% | 0.43% |
Frequently Asked Questions
MMKT and VUSXX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VUSXX has higher volatility (0.31%) compared to MMKT (0.05%). In terms of maximum drawdown, MMKT dropped -0.04% vs VUSXX's 0.00%.
MMKT currently has the higher Sharpe Ratio (16.76 vs 3.68), 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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