Money Market Funds at Robinhood
Main Takeaways:
• It’s possible to buy shares of money-market ETFs inside a brokerage account at Robinhood.
• Only a small selection of money ETFs are available at this time.
• For a larger list of money-market mutual funds, a
Schwab account will be needed.
If the world of stocks, options, futures, and cryptocurrencies has your stress level to a breaking point, an investment in a money-market fund may be just what the doctor ordered. Here’s how Robinhood can help:
Outline of Money-Market Funds at Robinhood
Robinhood offers trading in most ETFs on the big American exchanges. Today, there are a handful of money-market funds available in ETF format. Examples include:
| Fund | Ticker | 7-day yield | Expense ratio |
|---|
| Texas Capital Government Money Market ETF | MMKT | 3.59% | 0.20% |
| Schwab Government Money Market ETF | SGVT | 3.43% | 0.28% |
These funds attempt to maintain a Net Asset Value of $100. They usually succeed, although there can be small changes. The prices they trade at can also move. So they are not quite as stable as money-market mutual funds.
Because Robinhood does not offer mutual funds, these money-market ETFs are a fair substitute and can work as short-term cash holdings. Even though they act like cash, money-market ETFs and mutual funds are securities, covered by SIPC.
Robinhood also has ultra-short-term bond ETFs that are similar to money funds. Some have prices and NAVs near $100, others differ. Either way, they are stable and can serve as money-market alternatives. Examples include:
| Fund | Ticker | 7-day yield | Expense ratio |
|---|
| iShares Short Treasury Bond ETF | SHV | 3.52% | 0.15% |
| PIMCO Enhanced Short Maturity Active ETF | MINT | 3.74% | 0.35% |
MINT lost 1% of its value in 2022 (before dividends). Capital is not guaranteed.
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Finding Money-Market Funds at Robinhood
There is no way to search just for money-market funds at Robinhood. You must type the ticker symbol or fund name in the search box on the website or app to see its profile. Some ultra-short bond ETFs also show up in the Bond ETFs list by typing “Bond ETFs” in the search bar.
Examining Money Funds at Robinhood
Any ETF on Robinhood has a profile page with details. For money funds, the info is limited. You’ll usually see investment strategy, daily volume, and what other Robinhood users also own.
Buying Money Funds at Robinhood
Placing a trade for a money-market ETF is the same as trading any ETF or stock. On the website, the trade ticket is built into the profile. On Legend, Robinhood’s browser platform, you need to click the trade button. On the mobile app, the trade button is at the bottom.
Costs
Robinhood charges no commissions on money-market ETFs or other funds. Because Robinhood allows dollar-based trading, the minimum purchase is just $1.
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3% deposit match and FREE stock worth up to $200 at Robinhood.
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Updated on 5/1/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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