MMKT vs VOO
Texas Capital Government Money Market ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MMKT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $73M | $979.0B | |
| Dividend Yield | 3.69% | 1.09% | |
| Holdings | 31 | 509 | |
| YTD Return | +1.98% | +14.48% | |
| 1Y Return | +3.58% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 0.2% | 14.2% | |
| Max Drawdown | -0.0% | -34.3% | |
| Fund Family | Texas Capital | Vanguard (US) | |
| Category | Money Market | Equity | |
| Inception | Sep 13, 2024 | Sep 7, 2010 |
MMKT vs VOO Performance
Texas Capital Government Money Market ETF (MMKT) is a ETF from Texas Capital and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MMKT returned +3.58% while VOO returned +22.02%. Year to date, MMKT is up 1.98% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 0.2% for MMKT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.0% for MMKT and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MMKT charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, MMKT currently yields 3.69% against 1.09% for VOO.
Holdings Overlap
MMKT and VOO share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MMKT or VOO?
MMKT has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, MMKT or VOO?
Over the past year MMKT returned +3.58% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), MMKT annualized +3.92% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, MMKT or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 0.2% for MMKT. Worst drawdown: MMKT -0.0% vs VOO -34.3%.
Should I hold both MMKT and VOO?
MMKT and VOO have a monthly-return correlation of -0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MMKT and VOO?
MMKT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, MMKT or VOO?
MMKT yields 3.69% while VOO yields 1.09%, so MMKT currently pays the higher dividend yield.
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