EDGF vs. PMMF

Last updated Jun 24, 2026

EDGF (3EDGE Dynamic Fixed Income ETF) and PMMF (iShares Prime Money Market ETF) are both exchange-traded funds - EDGF is a Intermediate Core Bond fund actively managed by 3EDGE Asset Management, while PMMF is a Money Market fund actively managed by BlackRock. Both are actively managed. Over the past year, EDGF returned 2.88% vs 3.95% for PMMF. At a correlation of -0.08, they often move in opposite directions. EDGF charges 0.79%/yr vs 0.20%/yr for PMMF.

Performance

EDGF vs. PMMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic Fixed Income ETF (EDGF) and iShares Prime Money Market ETF (PMMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGF achieves a 0.90% return, which is significantly lower than PMMF's 1.71% return.

EDGF

• 1D: 0.12%
• 1M: 0.20%
• YTD: 0.90%
• 6M: 1.04%
• 1Y: 2.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMMF

• 1D: 0.01%
• 1M: 0.28%
• YTD: 1.71%
• 6M: 1.81%
• 1Y: 3.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGF vs. PMMF - Yearly Performance Comparison

	2026 (YTD)	2025
EDGF 3EDGE Dynamic Fixed Income ETF	0.90%	3.56%
PMMF iShares Prime Money Market ETF	1.71%	3.75%

Correlation

The correlation between EDGF and PMMF is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	-0.08

Return for Risk

EDGF vs. PMMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDGF

EDGF Risk / Return Rank: 62
EDGF Sharpe Ratio Rank: 48
EDGF Sortino Ratio Rank: 54
EDGF Omega Ratio Rank: 53
EDGF Calmar Ratio Rank: 87
EDGF Martin Ratio Rank: 69

PMMF

PMMF Risk / Return Rank: 100
PMMF Sharpe Ratio Rank: 100
PMMF Sortino Ratio Rank: 100
PMMF Omega Ratio Rank: 100
PMMF Calmar Ratio Rank: 100
PMMF Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDGF vs. PMMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic Fixed Income ETF (EDGF) and iShares Prime Money Market ETF (PMMF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EDGF	PMMF	Difference
Sharpe ratio: Return per unit of total volatility	1.53	19.44	-17.91
Sortino ratio: Return per unit of downside risk	2.39	91.58	-89.20
Omega ratio: Gain probability vs. loss probability	1.31	34.77	-33.47
Calmar ratio: Return relative to maximum drawdown	4.50	159.45	-154.94
Martin ratio: Return relative to average drawdown	11.59	1,433.74	-1,422.15

EDGF vs. PMMF - Sharpe Ratio Comparison

The current EDGF Sharpe Ratio is 1.53, which is lower than the PMMF Sharpe Ratio of 19.44. The chart below compares the historical Sharpe Ratios of EDGF and PMMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDGF vs. PMMF - Drawdown Comparison

The maximum EDGF drawdown since its inception was -1.62%, which is greater than PMMF's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for EDGF and PMMF.

Drawdown Indicators

	EDGF	PMMF	Difference
Max Drawdown Largest peak-to-trough decline	-1.62%	-0.13%	-1.49%
Max Drawdown (1Y) Largest decline over 1 year	-0.64%	-0.02%	-0.62%
Current Drawdown Current decline from peak	-0.16%	0.00%	-0.16%
Average Drawdown Average peak-to-trough decline	-0.45%	-0.00%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.00%	+0.25%

Volatility

EDGF vs. PMMF - Volatility Comparison

3EDGE Dynamic Fixed Income ETF (EDGF) has a higher volatility of 0.40% compared to iShares Prime Money Market ETF (PMMF) at 0.06%. This indicates that EDGF's price experiences larger fluctuations and is considered to be riskier than PMMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGF	PMMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.40%	0.06%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	1.21%	0.13%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	1.89%	0.20%	+1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.33%	0.35%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.33%	0.35%	+1.98%

EDGF vs. PMMF - Expense Ratio Comparison

EDGF has a 0.79% expense ratio, which is higher than PMMF's 0.20% expense ratio.

Dividends

EDGF vs. PMMF - Dividend Comparison

EDGF's dividend yield for the trailing twelve months is around 3.45%, less than PMMF's 3.96% yield.

Position	TTM	2025	2024
EDGF 3EDGE Dynamic Fixed Income ETF	3.45%	3.61%	0.49%
PMMF iShares Prime Money Market ETF	3.96%	3.59%	0.00%

Frequently Asked Questions

Can I hold both EDGF and PMMF in my portfolio?

EDGF and PMMF have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDGF or PMMF?

EDGF has higher volatility (0.40%) compared to PMMF (0.06%). In terms of maximum drawdown, EDGF dropped -1.62% vs PMMF's -0.13%.

Which ETF is better, EDGF or PMMF?

On 1-year performance, PMMF leads with 3.95% vs 2.88% for EDGF. On fees, PMMF is cheaper at 0.20% per year. On volatility, PMMF has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGF or PMMF?

Over the 1-year period, PMMF has performed better with a 3.95% return vs 2.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGF or PMMF?

PMMF is cheaper with a 0.20% expense ratio, compared with 0.79% for EDGF.

Which ETF pays a higher dividend yield, EDGF or PMMF?

PMMF has the higher dividend yield at 3.96%, compared with 3.45% for EDGF.

What is the main difference between EDGF and PMMF?

EDGF is categorized as Intermediate Core Bond, while PMMF is Money Market. They also come from different issuers: 3EDGE Asset Management and BlackRock. Their fees differ too: 0.79% for EDGF and 0.20% for PMMF.

Which has better risk-adjusted returns?

PMMF currently has the higher Sharpe Ratio (19.44 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.