GMMFvsARCMETF Comparison
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iShares Government Money Market ETF (GMMF) belongs to the Money Market Bonds segment. Arrow Reserve Capital Management ETF (ARCM) is part of the US Aggregate Bonds segment. GMMF's top 2 sector exposures are Sovereign and Government Agencies. In contrast, ARCM's top sector exposures are Sovereign, Finance and Utilities. GMMF is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.68% for ARCM. GMMF is up 2.8% year-to-date (YTD) with +$102M in YTD flows. ARCM performs worse with 2.49% YTD performance, and - in YTD flows. Run a side-by-side ETF comparison of GMMF and ARCM 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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GMMF vs ARCM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GMMF ARCM | +0.32%+0.28% | +0.91%+0.76% | +2.80%+2.49% | +3.62%+3.31% | n/a+13.73% | n/a+18.22% |
| Flows | GMMF ARCM | +$3M- | +$14M- | +$102M- | +$109M+$5M | -+$11K | --$5M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GMMF ARCM | +0.10%+0.24% | +0.10%+0.22% | n/a+0.28% | n/a+0.38% |
| Max drawdown | GMMF ARCM | n/a-0.04% | n/a-0.05% | n/a-0.05% | n/a-0.94% |
| Max drawdown duration | GMMF ARCM | n/a9d | n/a10d | n/a10d | n/a407d |
Trading data
GMMF | ARCM | |
Last sale 10/16/2026 at 1:30 PM | $100.11 | |
| Previous close 10/16/2026 | $100.07 | |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
GMMF | ARCM | |
|---|---|---|
| Last price | – | $100.11 |
| 1D performance | – | +0.03% |
| AuM | $193.54 M | $51.03 M |
| E/R | 0.2% | 0.68% |
Characteristics
GMMF | ARCM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | iShares | ArrowShares |
| Benchmark | - | - |
| N° of holdings | 127 | 98 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 4, 2025 | March 31, 2017 |
| ESG | No | No |
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Exposure
Countries
GMMF
USA
92.27%
Other
7.73%
ARCM
USA
97.44%
Other
2.56%
Sectors
GMMF
Sovereign
76.23%
Government Agenci.
16.05%
Other
7.73%
ARCM
Sovereign
38.32%
Finance
22.24%
Utilities
10.44%
Industrials
9.05%
Other
19.94%
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Diversification
GMMF
Total weight of top 15 holdings out of 15
64.88%
ARCM
Total weight of top 15 holdings out of 15
45.37%
Top 15 holdings
Data as of August 31, 2026
GMMF
USA, Bills 0% 22sep2026, USD (119D)
10.05%
USA, Bills 0% 1sep2026, USD (119D)
8.50%
USA, Bills 0% 1oct2026, USD (364D)
8.46%
USA, Bills 0% 24sep2026, USD (182D)
8.09%
USA, Bills 0% 6oct2026, USD (119D)
7.73%
USA, Bills 0% 15sep2026, USD (119D)
5.61%
USA, Bills 0% 29sep2026, USD (119D)
4.19%
USA, Bills 0% 8sep2026, USD (119D)
2.10%
USA, Bills 0% 28jan2027, USD (182D)
1.91%
USA, Notes FRN 30apr2028, USD (BB-2028)
1.84%
USA, Bills 0% 3sep2026, USD (364D)
1.70%
USA, Bills 0% 17nov2026, USD (119D)
1.35%
US912797WF00
1.25%
Federal Farm Credit Banks, FRN 20oct2026, USD
1.05%
US3133EWYH78
1.05%
ARCM
USA, Bills 0% 1oct2026, USD (364D)
10.76%
USA, Bills 0% 13oct2026, USD (119D)
5.15%
USA, Bills 0% 22sep2026, USD (119D)
4.54%
USA, Bills 0% 15sep2026, USD (119D)
2.66%
USA, Bills 0% 24sep2026, USD (182D)
2.53%
USA, Bills 0% 6oct2026, USD (119D)
2.35%
Allstate Corp, 3.28% 15dec2026, USD
2.21%
USA, Bills 0% 15oct2026, USD (182D)
2.06%
Duke Energy, 2.65% 1sep2026, USD
2.04%
Becton Dickinson & Co, 3.7% 6jun2027, USD
2.03%
USA, Notes 3.625% 31aug2027, USD (BG-2027)
2.02%
USA, Notes 4.125% 15nov2027, USD (AU-2027)
1.96%
WEC Energy Group, 5.6% 12sep2026, USD
1.88%
NextEra Energy, 4.685% 1sep2027, USD (M)
1.60%
State Street Bank & Trust, 4.594% 25nov2026, USD
1.58%
Frequently asked questions about GMMF and ARCM
How have the GMMF and ARCM ETFs performed in 2026?
As of October 16, 2026, GMMF is up 2.8% year-to-date (YTD), while ARCM has returned 2.49%. That puts GMMF better performer ahead so far this year.
Which ETF is attracting more investor money: GMMF or ARCM?
Year-to-date, the GMMF ETF saw +$102M in flows, compared to - for ARCM.
Which ETF is more volatile: GMMF or ARCM?
Over the past year, GMMF had a volatility of 0.1%, while ARCM experienced 0.22%.
Which ETF is bigger: GMMF or ARCM?
As of October 16, 2026, GMMF holds $193.54 M in assets under management (AUM), while ARCM manages $51.03 M.
What sectors do the GMMF and ARCM ETFs invest in?
GMMF leans toward sectors like Sovereign and Government Agencies. Meanwhile, ARCM focuses on Sovereign, Finance and Utilities.
What are the top holdings of the GMMF ETF and ARCM ETF?
GMMF top holdings include USA, Bills 0% 22sep2026, USD (119D), USA, Bills 0% 1sep2026, USD (119D) and USA, Bills 0% 1oct2026, USD (364D). ARCM holds in its top three: USA, Bills 0% 1oct2026, USD (364D), USA, Bills 0% 13oct2026, USD (119D) and USA, Bills 0% 22sep2026, USD (119D).
Which ETF is more diversified: GMMF or ARCM?
GMMF holds 153 securities with 64.88% of its assets in the top 15. ARCM has 99 securities and a top 15 weight of 45.37%.
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