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GMMFvsIBGCETF Comparison

ETF 1
GMMF

iShares Government Money Market ETF

This fund is part of
Money Market Bonds
+0.03%
VS
ETF 2
IBGC

iShares iBonds Dec 2046 Term Treasury ETF

This fund is part of
US Government Bonds
+0.07%

iShares Government Money Market ETF (GMMF) belongs to the Money Market Bonds segment. iShares iBonds Dec 2046 Term Treasury ETF (IBGC) is part of the US Government Bonds segment. GMMF's top 2 sector exposures are Sovereign and Government Agencies. In contrast, IBGC's top sector exposures are Sovereign and Non-Corporate. GMMF is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.07% for IBGC. Run a side-by-side ETF comparison of GMMF and IBGC 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 IBGC performance and flow charts

Performance

-4.0-3.0-2.0-1.00.01.0%Sep 16Sep 23Sep 30Oct 7Oct 14

Cumulative Flows

0 M2 M4 M6 M8 M10 M12 MSep 16Sep 23Sep 30Oct 7Oct 14

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 10/16/2026
1M3MYTD1Y3Y5Y
Perf.
GMMF
IBGC
+0.32%-0.62%
+0.91%-3.62%
+2.80%n/a
+3.62%n/a
n/an/a
n/an/a
Flows
GMMF
IBGC
+$3M+$13M
+$14M+$49M
+$102M-
+$109M-
--
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
GMMF
IBGC
+0.10%+9.32%
+0.10%n/a
n/an/a
n/an/a
Max drawdown
GMMF
IBGC
n/a-6.81%
n/an/a
n/an/a
n/an/a
Max drawdown duration
GMMF
IBGC
n/a89d
n/an/a
n/an/a
n/an/a
Trading data

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GMMF
IBGC
Last sale
10/19/2026 at 1:30 PM
$23.20
Previous close
10/16/2026
$23.34
Consolidated volume
10/16/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of October 20, 2026
1-year trailing difference

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GMMF
is actively managed and doesn’t replicate an index

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GMMF
IBGC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
GMMF
IBGC
Last price
–
$23.20
1D performance
–
-0.60%
AuM$193.54 M$57.17 M
E/R0.2%0.07%
Characteristics
GMMF
IBGC
Management strategyActivePassive
ProvideriSharesiShares
Benchmark-ICE 2046 Maturity US Treasury Index
N° of holdings1278
Asset class--
Trailing 12m distribution yield
Join
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Inception dateFebruary 4, 2025March 25, 2026
ESGNoNo
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Exposure

Countries

GMMF
USA
92.27%
Other
7.73%
IBGC
USA
91.29%
Other
8.71%

Sectors

GMMF
Sovereign
76.23%
Government Agenci.
16.05%
Other
7.73%
IBGC
Sovereign
90.05%
Other
9.95%
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Diversification

GMMF

Total weight of top 15 holdings out of 15

64.88%
IBGC

Total weight of top 8 holdings out of 8

100.85%

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%
IBGC
USA, Bonds 5% 15may2046, USD
26.44%
USA, Bonds 4.625% 15feb2046, USD
24.88%
USA, Bonds 2.25% 15aug2046, USD
12.86%
USA, Bonds 2.5% 15may2046, USD
10.27%
USA, Bonds 2.5% 15feb2046, USD
10.15%
US912810UX45
9.56%
USA, Bonds 2.875% 15nov2046, USD
5.46%
BlackRock Cash Funds - Treasury
1.24%
Frequently asked questions about GMMF and IBGC

Which ETF is bigger: GMMF or IBGC?

As of October 16, 2026, GMMF holds $193.54 M in assets under management (AUM), while IBGC manages $57.17 M.

What sectors do the GMMF and IBGC ETFs invest in?

GMMF leans toward sectors like Sovereign and Government Agencies. Meanwhile, IBGC focuses on Sovereign.

What are the top holdings of the GMMF ETF and IBGC ETF?

GMMF top holdings include USA, Bills 0% 22sep2026, USD (119D), USA, Bills 0% 1sep2026, USD (119D) and USA, Bills 0% 1oct2026, USD (364D). IBGC holds in its top three: USA, Bonds 5% 15may2046, USD, USA, Bonds 4.625% 15feb2046, USD and USA, Bonds 2.25% 15aug2046, USD.

Which ETF is more diversified: GMMF or IBGC?

GMMF holds 153 securities with 64.88% of its assets in the top 15. IBGC has 8 securities.

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