IQMM vs. BITO
IQMM (ProShares GENIUS Money Market ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - IQMM is a Money Market fund actively managed by ProShares, while BITO is a Cryptocurrency fund actively managed by ProShares. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. IQMM charges 0.15%/yr vs 0.95%/yr for BITO.
Performance
IQMM vs. BITO - Performance Comparison
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Returns By Period
IQMM
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.94%
- 1M
- -18.61%
- YTD
- -26.37%
- 6M
- -30.81%
- 1Y
- -41.01%
- 3Y*
- 25.27%
- 5Y*
- —
- 10Y*
- —
IQMM vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 0.98% |
BITO ProShares Bitcoin Strategy ETF | -3.50% |
Correlation
The correlation between IQMM and BITO is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026 | -0.14 |
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Return for Risk
IQMM vs. BITO — Risk / Return Rank
IQMM
BITO
IQMM vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and ProShares Bitcoin Strategy ETF (BITO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| IQMM | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 16.18 | -0.09 | +16.27 |
Drawdowns
IQMM vs. BITO - Drawdown Comparison
The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for IQMM and BITO.
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Drawdown Indicators
| IQMM | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.02% | -77.86% | +77.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.05% | — |
Current DrawdownCurrent decline from peak | -0.00% | -49.22% | +49.22% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -36.73% | +36.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.09% | — |
Volatility
IQMM vs. BITO - Volatility Comparison
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Volatility by Period
| IQMM | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 43.57% | -43.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.22% | 55.11% | -54.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.22% | 55.11% | -54.89% |
IQMM vs. BITO - Expense Ratio Comparison
IQMM has a 0.15% expense ratio, which is lower than BITO's 0.95% expense ratio.
Dividends
IQMM vs. BITO - Dividend Comparison
IQMM's dividend yield for the trailing twelve months is around 0.94%, less than BITO's 67.63% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 67.63% | 78.29% | 61.59% | 15.14% |
IQMM ProShares GENIUS Money Market ETF | 0.94% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQMM and BITO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQMM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQMM is cheaper with a 0.15% expense ratio, compared with 0.95% for BITO.
BITO has the higher dividend yield at 67.63%, compared with 0.94% for IQMM.
IQMM is categorized as Money Market, while BITO is Cryptocurrency. Their fees differ too: 0.15% for IQMM and 0.95% for BITO.
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