MMKT vs VYM
Texas Capital Government Money Market ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | MMKT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.04% | |
| AUM | $73M | $79.0B | |
| Dividend Yield | 3.69% | 2.86% | |
| Holdings | 31 | 568 | |
| YTD Return | +1.98% | +16.78% | |
| 1Y Return | +3.58% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 0.2% | 14.6% | |
| Max Drawdown | -0.0% | -58.8% | |
| Fund Family | Texas Capital | Vanguard (US) | |
| Category | Money Market | Equity | |
| Inception | Sep 13, 2024 | Nov 10, 2006 |
MMKT vs VYM Performance
Texas Capital Government Money Market ETF (MMKT) is a ETF from Texas Capital and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MMKT returned +3.58% while VYM returned +24.43%. Year to date, MMKT is up 1.98% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 -0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MMKT charges 0.20% per year while VYM charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, MMKT currently yields 3.69% against 2.86% for VYM.
Holdings Overlap
MMKT and VYM share 0 holdings out of 562 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 VYM?
MMKT has an expense ratio of 0.20% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, MMKT or VYM?
Over the past year MMKT returned +3.58% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), MMKT annualized +3.92% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, MMKT or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 0.2% for MMKT. Worst drawdown: MMKT -0.0% vs VYM -58.8%.
Should I hold both MMKT and VYM?
MMKT and VYM have a monthly-return correlation of -0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MMKT and VYM?
MMKT and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, MMKT or VYM?
MMKT yields 3.69% while VYM yields 2.86%, so MMKT currently pays the higher dividend yield.
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