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. Their -0.19 correlation means they have often moved in opposite directions in the past. IQMM charges 0.15%/yr vs 0.95%/yr for BITO.
Performance
IQMM vs. BITO - Performance Comparison
Loading charts...
Returns By Period
IQMM
- 1D
- 0.01%
- 1M
- 0.26%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BITO
- 1D
- 1.45%
- 1M
- 3.64%
- 6M
- -19.37%
- YTD
- -28.40%
- 1Y
- -45.62%
- 3Y*
- 22.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59B | $2.59B | $2.08B | |
| $113.50M | $180.03M | $146.31M |
IQMM vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 1.60% |
BITO ProShares Bitcoin Strategy ETF | -5.02% |
Correlation
The correlation between IQMM and BITO is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026 | -0.19 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IQMM vs. BITO — Risk / Return Rank
IQMM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IQMM | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.83 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.84 | — |
| Martin ratioReturn relative to average drawdown | — | -1.28 | — |
Loading charts...
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.
Loading charts...
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 | — | -54.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -54.47% | — |
Current DrawdownCurrent decline from peak | 0.00% | -50.61% | +50.61% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -37.19% | +37.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 35.62% | — |
Volatility
IQMM vs. BITO - Volatility Comparison
Loading charts...
Volatility by Period
| IQMM | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 44.21% | -43.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.22% | 54.58% | -54.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.22% | 54.58% | -54.36% |
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 1.50%, less than BITO's 47.03% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 47.03% | 78.29% | 61.59% | 15.14% |
IQMM ProShares GENIUS Money Market ETF | 1.50% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQMM and BITO have a correlation of -0.19, 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 47.03%, compared with 1.50% 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.
Find the right allocation for IQMM and BITO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer