MOOD vs. MMKT

Last updated Jul 21, 2026

MOOD (Relative Sentiment Tactical Allocation ETF) and MMKT (Texas Capital Government Money Market ETF) are both exchange-traded funds - MOOD is a Tactical Allocation fund actively managed by Relative Sentiment, while MMKT is a Money Market fund actively managed by Texas Capital. Both are actively managed. Over the past year, MOOD returned 30.11% vs 3.74% for MMKT. At a 0.02 correlation, their price movements are largely independent. MOOD charges 0.73%/yr vs 0.20%/yr for MMKT.

Performance

MOOD vs. MMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Relative Sentiment Tactical Allocation ETF (MOOD) and Texas Capital Government Money Market ETF (MMKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOOD achieves a 12.81% return, which is significantly higher than MMKT's 1.89% return.

MOOD

• 1D: -0.26%
• 1M: -2.03%
• 6M: 6.31%
• YTD: 12.81%
• 1Y: 30.11%
• 3Y*: 18.95%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.16%

MMKT

• 1D: 0.01%
• 1M: 0.27%
• 6M: 1.73%
• YTD: 1.89%
• 1Y: 3.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.01%

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

MOOD vs. MMKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MOOD Relative Sentiment Tactical Allocation ETF	12.81%	30.39%	-1.53%
MMKT Texas Capital Government Money Market ETF	1.89%	4.13%	1.22%

Correlation

The correlation between MOOD and MMKT is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.02

Return for Risk

MOOD vs. MMKT — Risk / Return Rank

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

MOOD

MOOD Risk / Return Rank: 79
MOOD Sharpe Ratio Rank: 85
MOOD Sortino Ratio Rank: 73
MOOD Omega Ratio Rank: 87
MOOD Calmar Ratio Rank: 80
MOOD Martin Ratio Rank: 71

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

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.

MOOD vs. MMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Relative Sentiment Tactical Allocation ETF (MOOD) and Texas Capital Government Money Market ETF (MMKT). 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.

	MOOD	MMKT	Difference
Sharpe ratio: Return per unit of total volatility	2.06	16.79	-14.73
Sortino ratio: Return per unit of downside risk	2.48	62.64	-60.16
Omega ratio: Gain probability vs. loss probability	1.40	16.03	-14.63
Calmar ratio: Return relative to maximum drawdown	3.12	150.42	-147.31
Martin ratio: Return relative to average drawdown	9.45	907.31	-897.85

MOOD vs. MMKT - Sharpe Ratio Comparison

The current MOOD Sharpe Ratio is 2.06, which is lower than the MMKT Sharpe Ratio of 16.79. The chart below compares the historical Sharpe Ratios of MOOD and MMKT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MOOD vs. MMKT - Drawdown Comparison

The maximum MOOD drawdown since its inception was -14.34%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for MOOD and MMKT.

Drawdown Indicators

	MOOD	MMKT	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-0.04%	-14.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-0.02%	-9.69%
Max Drawdown (3Y) Largest decline over 3 years	-9.71%	—	—
Current Drawdown Current decline from peak	-2.48%	0.00%	-2.48%
Average Drawdown Average peak-to-trough decline	-2.30%	-0.00%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	0.00%	+3.19%

Volatility

MOOD vs. MMKT - Volatility Comparison

Relative Sentiment Tactical Allocation ETF (MOOD) has a higher volatility of 3.00% compared to Texas Capital Government Money Market ETF (MMKT) at 0.05%. This indicates that MOOD's price experiences larger fluctuations and is considered to be riskier than MMKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOOD	MMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	0.05%	+2.95%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	0.13%	+12.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	0.22%	+14.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.11%	0.23%	+11.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.11%	0.23%	+11.88%

MOOD vs. MMKT - Expense Ratio Comparison

MOOD has a 0.73% expense ratio, which is higher than MMKT's 0.20% expense ratio.

Dividends

MOOD vs. MMKT - Dividend Comparison

MOOD's dividend yield for the trailing twelve months is around 0.36%, less than MMKT's 3.67% yield.

Position	TTM	2025	2024	2023	2022
MMKT Texas Capital Government Money Market ETF	3.67%	3.98%	1.07%	0.00%	0.00%
MOOD Relative Sentiment Tactical Allocation ETF	0.36%	0.40%	1.33%	1.34%	1.43%

Frequently Asked Questions

Can I hold both MOOD and MMKT in my portfolio?

MOOD and MMKT have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOOD or MMKT?

MOOD has higher volatility (3.00%) compared to MMKT (0.05%). In terms of maximum drawdown, MOOD dropped -14.34% vs MMKT's -0.04%.

Which ETF is better, MOOD or MMKT?

On 1-year performance, MOOD leads with 30.11% vs 3.74% 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, MOOD or MMKT?

Over the 1-year period, MOOD has performed better with a 30.11% return vs 3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOOD or MMKT?

MMKT is cheaper with a 0.20% expense ratio, compared with 0.73% for MOOD.

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

MMKT has the higher dividend yield at 3.67%, compared with 0.36% for MOOD.

What is the main difference between MOOD and MMKT?

MOOD is categorized as Tactical Allocation, while MMKT is Money Market. They also come from different issuers: Relative Sentiment and Texas Capital. Their fees differ too: 0.73% for MOOD and 0.20% for MMKT.

Which has better risk-adjusted returns?

MMKT currently has the higher Sharpe Ratio (16.79 vs 2.06), 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.