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iShares Government Money Market ETF (GMMF) Diversifiers

ETF · Currency in USD · Last updated Jul 22, 2026

The iShares Government Money Market ETF is an actively managed money market fund that invests substantially all of its assets in cash, U.S. Treasury bills and other short-term obligations issued or guaranteed by the U.S. government, its agencies or instrumentalities, seeking current income while maintaining liquidity and capital preservation.

Looking to diversify beyond GMMF? The ETFs below have the lowest correlation with GMMF — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GMMF.

Best Diversifiers for GMMF

2 ETFs have low correlation with GMMF (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DGRO
iShares Core Dividend Growth ETF0.04——
87
Large Cap Growth Equities, DividendGMMF vs DGRO
MMKT
Texas Capital Government Money Market ETF0.14——
100
Money MarketGMMF vs MMKT
PMMF
iShares Prime Money Market ETF0.53——
100
Money MarketGMMF vs PMMF

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Diversification Analysis

Build a portfolio that complements GMMF

Add GMMF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with GMMF