iShares Prime Money Market ETF (PMMF) — Stock Correlations & Overview
Over the past year, PMMF has moved most closely with GMMF, SGOV, SHV. Explore the stocks most correlated and inversely correlated with PMMF below, along with its price, financials, and company profile.
Stocks correlated with PMMF
Correlation of daily returns. Higher positive values move with PMMF; negative values move opposite it. Informational only, not investment advice.
Most correlated with PMMF
| Symbol | Company | Correlation |
|---|---|---|
| GMMF | iShares Government Money Market ETF | 0.97 |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 0.70 |
| SHV | iShares Trust iShares 0-1 Year Treasury Bond ETF | 0.70 |
| TFLO | iShares Treasury Floating Rate Bond ETF | 0.69 |
| SGVT | Schwab Government Money Market ETF | 0.68 |
Most inversely correlated with PMMF
| Symbol | Company | Correlation |
|---|---|---|
| MFApC | MFA Financial, Inc. 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.28 |
| MBINM | Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred StockSTATE COMMERCIAL BANKS | -0.26 |
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.26 |
| RHLD | Resolute Holdings Management, Inc.FINANCE SERVICES | -0.25 |
| TGE | The Generation Essentials Group | -0.25 |
Frequently asked questions about PMMF correlations
- Which stocks are most correlated with PMMF?
- Based on one year of daily returns, the stocks most correlated with iShares Prime Money Market ETF (PMMF) are GMMF (0.97), SGOV (0.70) and SHV (0.70). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PMMF?
- Over the past year, the stocks most inversely correlated with iShares Prime Money Market ETF (PMMF) are MFApC (-0.28), MBINM (-0.26) and FLYE (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PMMF correlations calculated?
- We compute the correlation of daily returns between PMMF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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