Texas Capital Government Money Market ETF
$100.16+0.01 (+0.01%)
- 0.20%
- $68M
- +3.5%
- 3.63%
- 5.25K sh
- low $99.84high $100.32
The ETF.net MMKT Grade
C
Score 52 out of 100
- 60 of 78
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D38 out of 100Rank 42 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 67Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 66 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D36 out of 100Rank 55 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D35 out of 100Rank 67 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 58 of 78
Our read on MMKT
In short
CMoney markets went unchallenged by ETFs for three decades. MMKT was the first fund to run a government money market portfolio under Rule 2a-7 inside an ETF wrapper, with one twist: no fixed $1 share price.
Stated mandate
The Fund seeks current interest income while maintaining liquidity and stability of principal. It invests primarily in high-quality U.S. government money market instruments and related repurchase agreements.
Why people hold it
Worth knowing
MMKT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MMKT$10,354
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MMKT |
|---|---|
| Year to date | +2.9% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.5% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MMKT |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +4.1% | |
| 2024 | +1.2% |
MMKT in the news
MMKT Dividends
- 3.63%
- $3.64
- $0.07 per share
- Weekly
MMKT Risk
- 0.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −2.61
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.04%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.0008
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
MMKT Cost
Overpaying vs XHLF, tied cheapest in Cash & Ultra-Short Income
$3,517
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
MMKT 0.20%
$4,155
XHLF 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | MMKT | XHLF | Overpaying |
|---|---|---|---|
| 10 | $365 | $55 | $310 |
| 20 | $1,421 | $216 | $1,205 |
| 30 | $4,155 | $638 | $3,517 |
Other funds in Cash & Ultra-Short Income
- CYEARAB Ultra Short Income ETFExpense ratio 0.25%1 year return +3.2%
- BTLDRThe Laddered T-Bill ETFExpense ratio 0.20%1 year return
- CVUSIVoya Ultra Short Income ETFExpense ratio 0.25%1 year return
- CLDURPIMCO Enhanced Low Duration Active Exchange-Traded FundExpense ratio 0.51%1 year return +2.8%
- CSOFRAmplify Samsung SOFR ETFExpense ratio 0.20%1 year return +3.7%
