ProShares GENIUS Money Market ETF (IQMM) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IQMM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IQMM
IQMM charges 0.15% annually. No ETFs in the Money Market category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.15%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Government Money Market ETF | 0.15% | 5.01B | Jul 2025 | IQMM vs SBIL | |
| JPMorgan 100% U.S. Treasury Securities Money Marke... | 0.16% | 70.12M | Dec 2025 | IQMM vs JMMF | |
| iShares Prime Money Market ETF | 0.20% | 626.64M | Feb 2025 | IQMM vs PMMF | |
| Texas Capital Government Money Market ETF | 0.20% | 62.65M | Sep 2024 | IQMM vs MMKT | |
| Columbia Multi-Sector Municipal Income ETF | 0.23% | 593.51M | Oct 2018 | IQMM vs MUST |
Best Risk-Adjusted Alternatives to IQMM
Among 5 ETFs in the Money Market category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Prime Money Market ETF | 100 | 626.64M | Feb 2025 | IQMM vs PMMF | |
| Schwab Government Money Market ETF | 100 | 757.93M | Jun 2025 | IQMM vs SGVT | |
| Texas Capital Government Money Market ETF | 100 | 62.65M | Sep 2024 | IQMM vs MMKT | |
| Columbia Multi-Sector Municipal Income ETF | 44 | 593.51M | Oct 2018 | IQMM vs MUST | |
| Leadershares Alphafactor Tactical Focused ETF | 27 | 61.78M | Oct 2020 | IQMM vs LSAT |
Top Performing IQMM Alternatives (YTD)
Among 8 ETFs in the Money Market category with YTD return data, the top-performing alternatives shown here go as high as 10.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leadershares Alphafactor Tactical Focused ETF | 10.47% | 61.78M | Oct 2020 | IQMM vs LSAT | |
| Columbia Multi-Sector Municipal Income ETF | 1.85% | 593.51M | Oct 2018 | IQMM vs MUST | |
| iShares Prime Money Market ETF | 1.71% | 626.64M | Feb 2025 | IQMM vs PMMF | |
| Simplify Government Money Market ETF | 1.68% | 5.01B | Jul 2025 | IQMM vs SBIL | |
| Texas Capital Government Money Market ETF | 1.64% | 62.65M | Sep 2024 | IQMM vs MMKT |
Lowest Volatility Alternatives to IQMM
IQMM has 0.23% 1-year volatility. There are 2 ETFs in the Money Market category with lower 1-year volatility, going as low as 0.20%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Prime Money Market ETF | 0.20% | 626.64M | Feb 2025 | IQMM vs PMMF | |
| Schwab Government Money Market ETF | 0.22% | 757.93M | Jun 2025 | IQMM vs SGVT | |
| Texas Capital Government Money Market ETF | 0.23% | 62.65M | Sep 2024 | IQMM vs MMKT | |
| Simplify Government Money Market ETF | 0.27% | 5.01B | Jul 2025 | IQMM vs SBIL | |
| Rareview Government Money Market ETF | 0.43% | 20.02M | Dec 2025 | IQMM vs RMME |
Lowest Drawdown Alternatives to IQMM
Among 5 ETFs in the Money Market category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Prime Money Market ETF | -0.02% | 626.64M | Feb 2025 | IQMM vs PMMF | |
| Texas Capital Government Money Market ETF | -0.02% | 62.65M | Sep 2024 | IQMM vs MMKT | |
| Schwab Government Money Market ETF | -0.03% | 757.93M | Jun 2025 | IQMM vs SGVT | |
| Columbia Multi-Sector Municipal Income ETF | -3.01% | 593.51M | Oct 2018 | IQMM vs MUST | |
| Leadershares Alphafactor Tactical Focused ETF | -7.94% | 61.78M | Oct 2020 | IQMM vs LSAT |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | IQMM vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | IQMM vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | IQMM vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | IQMM vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | IQMM vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | IQMM vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | IQMM vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | IQMM vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | IQMM vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | IQMM vs BITU |
Often Compared With IQMM
Investors most often compare IQMM with SGOV, EQRR, UDI. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare IQMM with Any Fund or Stock
Compare IQMM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IQMM with funds that move differently
ProShares GENIUS Money Market ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IQMM.
Explore IQMM Diversifiers