AGZvsGMMFETF Comparison
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iShares Agency Bond ETF (AGZ) belongs to the MBS & ABS segment. iShares Government Money Market ETF (GMMF) is part of the Money Market Bonds segment. AGZ's top 3 sector exposures are Government Agencies, Utilities and Sovereign. In contrast, GMMF's top sector exposures are Sovereign and Government Agencies. AGZ is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.2% for GMMF. AGZ is up 0.26% year-to-date (YTD) with +$70M in YTD flows. GMMF performs better with 2.33% YTD performance, and +$99M in YTD flows. Run a side-by-side ETF comparison of AGZ and GMMF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AGZ vs GMMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AGZ GMMF | -0.07%+0.28% | -0.10%+0.88% | +0.26%+2.33% | +1.92%+3.65% | +12.88%n/a | +4.99%n/a |
| Flows | AGZ GMMF | +$70M+$5M | +$87M+$24M | +$70M+$99M | +$26M+$128M | -$33M- | -$201M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AGZ GMMF | +2.21%+0.10% | +2.09%+0.10% | +2.63%n/a | +3.25%n/a |
| Max drawdown | AGZ GMMF | -0.73%n/a | -1.49%n/a | -1.85%n/a | -10.56%n/a |
| Max drawdown duration | AGZ GMMF | 64dn/a | 184dn/a | 161dn/a | 1094dn/a |
Trading data
AGZ | GMMF | |
Last sale 9/2/2026 at 1:30 PM | $108.05 | |
| Previous close 09/01/2026 | $107.94 | |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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GMMF
is actively managed and doesn’t replicate an indexAGZ | GMMF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
AGZ | GMMF | |
|---|---|---|
| Last price | $108.05 | – |
| 1D performance | +0.10% | – |
| AuM | $629.92 M | $190.60 M |
| E/R | 0.15% | 0.2% |
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Exposure
Countries
AGZ
USA
99.22%
Other
0.78%
GMMF
USA
98.55%
Other
1.45%
Sectors
AGZ
Government Agenci.
83.76%
Utilities
11.5%
Other
4.75%
GMMF
Sovereign
81.73%
Government Agenci.
16.82%
Other
1.45%
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Diversification
AGZ
Total weight of top 15 holdings out of 15
58.28%
GMMF
Total weight of top 15 holdings out of 15
67.45%
Top 15 holdings
Data as of July 31, 2026
AGZ
Fannie Mae, 0.75% 8oct2027, USD
13.06%
FHLB, 3.5% 4oct2027, USD (8384)
5.59%
Fannie Mae, 6.625% 15nov2030, USD
5.54%
Federal Farm Credit Banks, 3.625% 27aug2027, USD
4.66%
Fannie Mae, 7.125% 15jan2030, USD
4.53%
Fannie Mae, 6.25% 15may2029, USD
3.48%
FHLB, 3.5% 3mar2028, USD (8839)
3.47%
Freddie Mac, 6.25% 15jul2032, USD
3.47%
Freddie Mac, 6.75% 15mar2031, USD
2.91%
USA, Notes 4.125% 15jun2029, USD (AP-2029)
2.66%
Fannie Mae, 7.25% 15may2030, USD
2.11%
TVA, 7.125% 1may2030, USD
2.08%
Freddie Mac, 0% 14dec2029, USD (11092D)
1.59%
Federal Farm Credit Banks, 1.15% 12aug2030, USD
1.58%
Fannie Mae, 0.875% 5aug2030, USD
1.55%
GMMF
USA, Bills 0% 4aug2026, USD (119D)
16.57%
USA, Bills 0% 11aug2026, USD (119D)
13.09%
USA, Bills 0% 1oct2026, USD (364D)
6.52%
USA, Bills 0% 25aug2026, USD (119D)
5.97%
USA, Bills 0% 20aug2026, USD (182D)
5.65%
USA, Bills 0% 15sep2026, USD (119D)
3.65%
USA, Bills 0% 1sep2026, USD (119D)
2.39%
USA, Bills 0% 27aug2026, USD (182D)
2.21%
USA, Bills 0% 28jan2027, USD (182D)
1.96%
USA, Notes FRN 30apr2028, USD (BB-2028)
1.89%
USA, Bills 0% 18aug2026, USD (119D)
1.88%
USA, Bills 0% 3sep2026, USD (364D)
1.75%
USA, Bills 0% 6aug2026, USD (364D)
1.46%
USA, Bills 0% 17nov2026, USD (119D)
1.39%
Federal Farm Credit Banks, FRN 20oct2026, USD
1.08%
Frequently asked questions about AGZ and GMMF
How have the AGZ and GMMF ETFs performed in 2026?
As of September 1, 2026, AGZ is up 0.26% year-to-date (YTD), while GMMF has returned 2.33%. That puts GMMF better performer ahead so far this year.
Which ETF is attracting more investor money: AGZ or GMMF?
Year-to-date, the AGZ ETF saw +$70M in flows, compared to +$99M for GMMF.
Which ETF is more volatile: AGZ or GMMF?
Over the past year, AGZ had a volatility of 2.09%, while GMMF experienced 0.1%.
Which ETF is bigger: AGZ or GMMF?
As of September 1, 2026, AGZ holds $629.92 M in assets under management (AUM), while GMMF manages $190.60 M.
What sectors do the AGZ and GMMF ETFs invest in?
AGZ leans toward sectors like Government Agencies and Utilities. Meanwhile, GMMF focuses on Sovereign and Government Agencies.
What are the top holdings of the AGZ ETF and GMMF ETF?
AGZ top holdings include Fannie Mae, 0.75% 8oct2027, USD, FHLB, 3.5% 4oct2027, USD (8384) and Fannie Mae, 6.625% 15nov2030, USD. GMMF holds in its top three: USA, Bills 0% 4aug2026, USD (119D), USA, Bills 0% 11aug2026, USD (119D) and USA, Bills 0% 1oct2026, USD (364D).
Which ETF is more diversified: AGZ or GMMF?
AGZ holds 101 securities with 58.28% of its assets in the top 15. GMMF has 141 securities and a top 15 weight of 67.45%.
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