MMKT vs VYM
Texas Capital Government Money Market ETF vs Vanguard High Dividend Yield ETF
Which is better, MMKT or VYM?
VYM has been ahead.
VYM has a lower expense ratio. VYM led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MMKT | VYM |
|---|---|---|
| Expense Ratio | 0.20% | 0.04%Best |
| AUM | $73M | $81.6B |
| Dividend Yield | 3.60% | 2.22% |
| Holdings | 30 | 613 |
| YTD Return | +2.32% | +13.15%Best |
| 1Y Return | +3.55% | +17.82%Best |
| 3Y Return (annualized) | - | +17.99% |
| 5Y Return (annualized) | - | +12.16% |
| Volatility (annualized) | 0.2%Best | 10.5% |
| Max Drawdown | -0.1%Best | -14.5% |
| $10,000 over 2 years | $10,804 | $13,435Best |
| Fund Family | Texas Capital | Vanguard (US) |
| Category | Money Market | Equity |
| Style | - | Large Cap Value |
| Inception | Sep 13, 2024 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 25, 2024 to Sep 10, 2026 (2 years).
MMKT vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
MMKT vs VYM Performance
Texas Capital Government Money Market ETF (MMKT) is an ETF from Texas Capital and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year MMKT returned +3.55% while VYM returned +17.82%. Year to date, MMKT is up 2.32% versus a gain of 13.15% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.5% 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 -0.1% for MMKT and -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.05. They move largely independently of each other.
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 3.60% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 3 holdings in MMKT and 603 in VYM, totalling 7.7% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 49 days apart, MMKT as of Aug 18, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 3 positions we hold weights for in MMKT and 603 in VYM, against full books of 30 and 613.
You are not choosing between two funds in isolation.
Whichever of MMKT and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $16 a year on a $10,000 investment.
Which performed better, MMKT or VYM?
Over the past year MMKT returned +3.55% vs +17.82% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), MMKT annualized +3.94% vs +15.91% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MMKT or VYM?
VYM has been the more volatile fund at 10.5% annualized versus 0.2% for MMKT. Worst drawdown: MMKT -0.1% vs VYM -14.5%.
Should I hold both MMKT and VYM?
MMKT and VYM have a monthly-return correlation of 0.05, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MMKT or VYM?
MMKT yields 3.60% while VYM yields 2.22%, so MMKT currently pays the higher dividend yield.
Is VYM better than MMKT?
VYM has a lower expense ratio. VYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.