iShares Prime Money Market ETF (PMMF) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PMMF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PMMF
PMMF charges 0.20% annually. There are 4 ETFs in the Money Market category with lower expense ratios, going as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Government Money Market ETF | 0.15% | 5.03B | Jul 2025 | PMMF vs SBIL | |
| ProShares GENIUS Money Market ETF | 0.15% | 17.39B | Feb 2026 | PMMF vs IQMM | |
| JPMorgan 100% U.S. Treasury Securities Money Marke... | 0.16% | 70.08M | Dec 2025 | PMMF vs JMMF | |
| State Street Prime Money Market ETF | 0.18% | 28.08M | Feb 2026 | PMMF vs MMK | |
| iShares Government Money Market ETF | 0.20% | 185.54M | Feb 2025 | PMMF vs GMMF |
Best Risk-Adjusted Alternatives to PMMF
PMMF has a PortfoliosLab risk / return rank of 100. There is 1 ETF in the Money Market category with a higher risk-adjusted rank, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Government Money Market ETF | 100 | 185.54M | Feb 2025 | PMMF vs GMMF | |
| Schwab Government Money Market ETF | 100 | 860.66M | Jun 2025 | PMMF vs SGVT | |
| Texas Capital Government Money Market ETF | 100 | 62.65M | Sep 2024 | PMMF vs MMKT | |
| Simplify Government Money Market ETF | 100 | 5.03B | Jul 2025 | PMMF vs SBIL | |
| Leadershares Alphafactor Tactical Focused ETF | 55 | 61.78M | Oct 2020 | PMMF vs LSAT |
Top Performing PMMF Alternatives (YTD)
PMMF is at 2.14% YTD. There is 1 ETF in the Money Market category with a higher YTD return, going as high as 18.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leadershares Alphafactor Tactical Focused ETF | 18.37% | 61.78M | Oct 2020 | PMMF vs LSAT | |
| Simplify Government Money Market ETF | 2.11% | 5.03B | Jul 2025 | PMMF vs SBIL | |
| iShares Government Money Market ETF | 2.05% | 185.54M | Feb 2025 | PMMF vs GMMF | |
| Texas Capital Government Money Market ETF | 2.05% | 62.65M | Sep 2024 | PMMF vs MMKT | |
| Schwab Government Money Market ETF | 1.99% | 860.66M | Jun 2025 | PMMF vs SGVT |
Lowest Volatility Alternatives to PMMF
PMMF has 0.19% 1-year volatility. There is 1 ETF in the Money Market category with lower 1-year volatility, going as low as 0.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Prime Money Market ETF | 0.18% | 28.08M | Feb 2026 | PMMF vs MMK | |
| iShares Government Money Market ETF | 0.20% | 185.54M | Feb 2025 | PMMF vs GMMF | |
| Schwab Government Money Market ETF | 0.22% | 860.66M | Jun 2025 | PMMF vs SGVT | |
| Texas Capital Government Money Market ETF | 0.22% | 62.65M | Sep 2024 | PMMF vs MMKT | |
| ProShares GENIUS Money Market ETF | 0.22% | 17.39B | Feb 2026 | PMMF vs IQMM |
Lowest Drawdown Alternatives to PMMF
PMMF has a 1-year max drawdown of -0.02%. There is 1 ETF in the Money Market category with a shallower 1-year drawdown, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Government Money Market ETF | -0.01% | 185.54M | Feb 2025 | PMMF vs GMMF | |
| Simplify Government Money Market ETF | -0.02% | 5.03B | Jul 2025 | PMMF vs SBIL | |
| Texas Capital Government Money Market ETF | -0.02% | 62.65M | Sep 2024 | PMMF vs MMKT | |
| Schwab Government Money Market ETF | -0.03% | 860.66M | Jun 2025 | PMMF vs SGVT | |
| Columbia Multi-Sector Municipal Income ETF | -3.01% | 586.35M | Oct 2018 | PMMF vs MUST |
Other ETFs from BlackRock
The 10 most viewed BlackRock ETFs shown here include BALI, CLOA, BLCR and span 12 categories. AUM among these funds goes as high as $6B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Blackrock Advantage Large Cap Income ETF | Derivative Income | 91 | 13.86% | 1.30B | Sep 2023 | PMMF vs BALI | |
| iShares AAA CLO Active ETF | CLO | 99 | 2.81% | 2.21B | Jan 2023 | PMMF vs CLOA | |
| Blackrock Large Cap Core ETF | Large Cap Blend Equities | 84 | 17.25% | 6.44B | Oct 2023 | PMMF vs BLCR | |
| BlackRock Floating Rate Loan ETF | Bank Loan | 39 | 1.35% | 53.66M | Oct 2022 | PMMF vs BRLN | |
| BlackRock World ex U.S. Carbon Transition Readines... | Alternative Energy Equities, Energy Equities | 60 | 9.67% | 285.99M | Apr 2021 | PMMF vs LCTD | |
| BlackRock Future Financial and Technology ETF | Financials Equities | 7 | 1.06% | 9.59M | Aug 2022 | PMMF vs BPAY | |
| Future Tech ETF | Technology Equities | — | — | 12.05M | Sep 2020 | PMMF vs BTEK | |
| Blackrock Large Cap Value ETF | Large Cap Value Equities | — | — | 335.27M | May 2023 | PMMF vs BLCV | |
| Future Health ETF | Health & Biotech Equities | 55 | 2.13% | 11.15M | Sep 2020 | PMMF vs BMED | |
| BlackRock U.S. Carbon Transition Readiness ETF | ESG, Sustainable | 66 | 10.19% | 1.21B | Apr 2021 | PMMF vs LCTU |
Often Compared With PMMF
Investors most often compare PMMF with SWVXX, SGOV, SPAXX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare PMMF with Any Fund or Stock
Compare PMMF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PMMF with funds that move differently
iShares Prime Money Market ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PMMF.
Explore PMMF Diversifiers