SAMT vs. MMKT

Last updated Jun 23, 2026

SAMT (Strategas Macro Thematic Opportunities ETF) and MMKT (Texas Capital Government Money Market ETF) are both exchange-traded funds - SAMT is a Large Cap Blend Equities fund actively managed by Strategas, while MMKT is a Money Market fund actively managed by Texas Capital. Both are actively managed. Over the past year, SAMT returned 39.83% vs 3.79% for MMKT. At a correlation of -0.01, they often move in opposite directions. SAMT charges 0.66%/yr vs 0.20%/yr for MMKT.

Performance

SAMT vs. MMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategas Macro Thematic Opportunities ETF (SAMT) 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, SAMT achieves a 19.97% return, which is significantly higher than MMKT's 1.62% return.

SAMT

• 1D: 0.39%
• 1M: 0.96%
• YTD: 19.97%
• 6M: 17.75%
• 1Y: 39.83%
• 3Y*: 27.93%
• 5Y*: —
• 10Y*: —

MMKT

• 1D: 0.01%
• 1M: 0.25%
• YTD: 1.62%
• 6M: 1.73%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SAMT vs. MMKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SAMT Strategas Macro Thematic Opportunities ETF	19.97%	33.10%	7.49%
MMKT Texas Capital Government Money Market ETF	1.62%	4.13%	1.22%

Correlation

The correlation between SAMT and MMKT is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	-0.01

Return for Risk

SAMT vs. MMKT — Risk / Return Rank

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

SAMT

SAMT Risk / Return Rank: 74
SAMT Sharpe Ratio Rank: 74
SAMT Sortino Ratio Rank: 69
SAMT Omega Ratio Rank: 67
SAMT Calmar Ratio Rank: 88
SAMT Martin Ratio Rank: 73

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.

SAMT vs. MMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategas Macro Thematic Opportunities ETF (SAMT) 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.

	SAMT	MMKT	Difference
Sharpe ratio: Return per unit of total volatility	2.29	16.76	-14.47
Sortino ratio: Return per unit of downside risk	3.01	62.94	-59.93
Omega ratio: Gain probability vs. loss probability	1.39	15.54	-14.15
Calmar ratio: Return relative to maximum drawdown	4.91	152.72	-147.81
Martin ratio: Return relative to average drawdown	13.25	913.70	-900.45

SAMT vs. MMKT - Sharpe Ratio Comparison

The current SAMT Sharpe Ratio is 2.29, which is lower than the MMKT Sharpe Ratio of 16.76. The chart below compares the historical Sharpe Ratios of SAMT 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

SAMT vs. MMKT - Drawdown Comparison

The maximum SAMT drawdown since its inception was -20.57%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for SAMT and MMKT.

Drawdown Indicators

	SAMT	MMKT	Difference
Max Drawdown Largest peak-to-trough decline	-20.57%	-0.04%	-20.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-0.02%	-8.13%
Max Drawdown (3Y) Largest decline over 3 years	-18.27%	—	—
Current Drawdown Current decline from peak	-0.92%	0.00%	-0.92%
Average Drawdown Average peak-to-trough decline	-7.66%	-0.00%	-7.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	0.00%	+3.01%

Volatility

SAMT vs. MMKT - Volatility Comparison

Strategas Macro Thematic Opportunities ETF (SAMT) has a higher volatility of 6.82% compared to Texas Capital Government Money Market ETF (MMKT) at 0.05%. This indicates that SAMT'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

	SAMT	MMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	0.05%	+6.77%
Volatility (6M) Calculated over the trailing 6-month period	13.57%	0.13%	+13.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	0.23%	+17.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	0.23%	+16.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	0.23%	+16.84%

SAMT vs. MMKT - Expense Ratio Comparison

SAMT has a 0.66% expense ratio, which is higher than MMKT's 0.20% expense ratio.

Dividends

SAMT vs. MMKT - Dividend Comparison

SAMT's dividend yield for the trailing twelve months is around 0.58%, less than MMKT's 3.71% yield.

Position	TTM	2025	2024	2023	2022
MMKT Texas Capital Government Money Market ETF	3.71%	3.98%	1.07%	0.00%	0.00%
SAMT Strategas Macro Thematic Opportunities ETF	0.58%	0.70%	1.40%	1.49%	0.73%

Frequently Asked Questions

Can I hold both SAMT and MMKT in my portfolio?

SAMT and MMKT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAMT or MMKT?

SAMT has higher volatility (6.82%) compared to MMKT (0.05%). In terms of maximum drawdown, SAMT dropped -20.57% vs MMKT's -0.04%.

Which ETF is better, SAMT or MMKT?

On 1-year performance, SAMT leads with 39.83% vs 3.79% 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, SAMT or MMKT?

Over the 1-year period, SAMT has performed better with a 39.83% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAMT or MMKT?

MMKT is cheaper with a 0.20% expense ratio, compared with 0.66% for SAMT.

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

MMKT has the higher dividend yield at 3.71%, compared with 0.58% for SAMT.

What is the main difference between SAMT and MMKT?

SAMT is categorized as Large Cap Blend Equities, while MMKT is Money Market. They also come from different issuers: Strategas and Texas Capital. Their fees differ too: 0.66% for SAMT and 0.20% for MMKT.

Which has better risk-adjusted returns?

MMKT currently has the higher Sharpe Ratio (16.76 vs 2.29), 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.