SGRT vs. MMKT

Last updated Aug 2, 2026

SGRT (SMART Earnings Growth ETF) and MMKT (Texas Capital Government Money Market ETF) are both exchange-traded funds - SGRT is a Large Cap Growth Equities fund, while MMKT is a Money Market fund actively managed by Texas Capital. Both are actively managed. Their -0.18 correlation means they have often moved in opposite directions in the past. SGRT charges 0.59%/yr vs 0.20%/yr for MMKT.

Performance

SGRT vs. MMKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SMART Earnings Growth ETF (SGRT) 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, SGRT achieves a 25.07% return, which is significantly higher than MMKT's 2.03% return.

SGRT

• 1D: -0.19%
• 1M: -7.04%
• 6M: 20.49%
• YTD: 25.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MMKT

• 1D: 0.03%
• 1M: 0.28%
• 6M: 1.74%
• YTD: 2.03%
• 1Y: 3.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MMKT Texas Capital Government Money Market ETF	$490.66K	$526.19K	$753.13K
SGRT SMART Earnings Growth ETF	$998.46K	$1.36M	$2.23M

SGRT vs. MMKT - Yearly Performance Comparison

	2026 (YTD)	2025
SGRT SMART Earnings Growth ETF	25.07%	26.83%
MMKT Texas Capital Government Money Market ETF	2.03%	1.45%

Correlation

The correlation between SGRT and MMKT is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	-0.18

Return for Risk

SGRT vs. MMKT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SGRT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SGRT vs. MMKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SMART Earnings Growth ETF (SGRT) 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.

	SGRT	MMKT	Difference
Sharpe ratio: Return per unit of total volatility	—	17.09	—
Sortino ratio: Return per unit of downside risk	—	66.02	—
Omega ratio: Gain probability vs. loss probability	—	17.80	—
Calmar ratio: Return relative to maximum drawdown	—	150.92	—
Martin ratio: Return relative to average drawdown	—	946.68	—

Drawdowns

SGRT vs. MMKT - Drawdown Comparison

The maximum SGRT drawdown since its inception was -24.98%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for SGRT and MMKT.

Drawdown Indicators

	SGRT	MMKT	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-0.04%	-24.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
Current Drawdown Current decline from peak	-18.61%	0.00%	-18.61%
Average Drawdown Average peak-to-trough decline	-4.25%	0.00%	-4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	SGRT	MMKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.93%	0.22%	+38.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.93%	0.23%	+38.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.93%	0.23%	+38.70%

SGRT vs. MMKT - Expense Ratio Comparison

SGRT has a 0.59% expense ratio, which is higher than MMKT's 0.20% expense ratio.

Dividends

SGRT vs. MMKT - Dividend Comparison

SGRT's dividend yield for the trailing twelve months is around 0.13%, less than MMKT's 3.73% yield.

Position	TTM	2025	2024
MMKT Texas Capital Government Money Market ETF	3.65%	3.98%	1.07%
SGRT SMART Earnings Growth ETF	0.13%	0.16%	0.00%

Frequently Asked Questions

Can I hold both SGRT and MMKT in my portfolio?

SGRT and MMKT have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SGRT or MMKT?

On fees, MMKT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SGRT or MMKT?

MMKT is cheaper with a 0.20% expense ratio, compared with 0.59% for SGRT.

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

MMKT has the higher dividend yield at 3.65%, compared with 0.13% for SGRT.

What is the main difference between SGRT and MMKT?

SGRT is categorized as Large Cap Growth Equities, while MMKT is Money Market. Their fees differ too: 0.59% for SGRT and 0.20% for MMKT.