SOFI vs. MMKT
SOFI (SoFi Technologies, Inc.) is a stock, while MMKT (Texas Capital Government Money Market ETF) is Money Market fund actively managed by Texas Capital. Over the past year, SOFI returned 12.57% vs 3.78% for MMKT. At a 0.08 correlation, their price movements are largely independent.
Performance
SOFI vs. MMKT - Performance Comparison
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Returns By Period
In the year-to-date period, SOFI achieves a -33.96% return, which is significantly lower than MMKT's 1.64% return.
SOFI
- 1D
- 1.11%
- 1M
- 10.69%
- YTD
- -33.96%
- 6M
- -36.41%
- 1Y
- 12.57%
- 3Y*
- 27.82%
- 5Y*
- -3.69%
- 10Y*
- —
MMKT
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 1.64%
- 6M
- 1.74%
- 1Y
- 3.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOFI vs. MMKT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SOFI SoFi Technologies, Inc. | -33.96% | 70.00% | 96.68% |
MMKT Texas Capital Government Money Market ETF | 1.64% | 4.13% | 1.22% |
Correlation
The correlation between SOFI and MMKT is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.08 |
The correlation between SOFI and MMKT shifts across timeframes, from -0.04 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOFI vs. MMKT — Risk / Return Rank
SOFI
MMKT
SOFI vs. MMKT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoFi Technologies, Inc. (SOFI) 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.
| SOFI | MMKT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.53 | ||
| Sortino ratioReturn per unit of downside risk | -62.02 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 15.48 | -14.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 152.14 | -151.90 |
| Martin ratioReturn relative to average drawdown | 0.42 | 912.59 | -912.17 |
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Drawdowns
SOFI vs. MMKT - Drawdown Comparison
The maximum SOFI drawdown since its inception was -83.32%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for SOFI and MMKT.
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Drawdown Indicators
| SOFI | MMKT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.32% | -0.04% | -83.28% |
Max Drawdown (1Y)Largest decline over 1 year | -52.96% | -0.02% | -52.94% |
Max Drawdown (3Y)Largest decline over 3 years | -52.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -81.54% | — | — |
Current DrawdownCurrent decline from peak | -46.32% | 0.00% | -46.32% |
Average DrawdownAverage peak-to-trough decline | -51.18% | -0.00% | -51.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.74% | 0.00% | +29.74% |
Volatility
SOFI vs. MMKT - Volatility Comparison
SoFi Technologies, Inc. (SOFI) has a higher volatility of 17.56% compared to Texas Capital Government Money Market ETF (MMKT) at 0.05%. This indicates that SOFI'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.
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Volatility by Period
| SOFI | MMKT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.56% | 0.05% | +17.51% |
Volatility (6M)Calculated over the trailing 6-month period | 38.31% | 0.13% | +38.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.98% | 0.23% | +55.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.65% | 0.23% | +66.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.83% | 0.23% | +71.60% |
Dividends
SOFI vs. MMKT - Dividend Comparison
SOFI has not paid dividends to shareholders, while MMKT's dividend yield for the trailing twelve months is around 3.71%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MMKT Texas Capital Government Money Market ETF | 3.71% | 3.98% | 1.07% |
SOFI SoFi Technologies, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SOFI and MMKT have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOFI has higher volatility (17.56%) compared to MMKT (0.05%). In terms of maximum drawdown, SOFI dropped -83.32% vs MMKT's -0.04%.
MMKT currently has the higher Sharpe Ratio (16.75 vs 0.23), 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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