IQMM vs. BITU
IQMM (ProShares GENIUS Money Market ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - IQMM is a Money Market fund actively managed by ProShares, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. IQMM is actively managed, while BITU is passively managed. Their -0.20 correlation means they have often moved in opposite directions in the past. IQMM charges 0.15%/yr vs 0.95%/yr for BITU.
Performance
IQMM vs. BITU - Performance Comparison
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Returns By Period
IQMM
- 1D
- 0.01%
- 1M
- 0.26%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BITU
- 1D
- 2.86%
- 1M
- 5.78%
- 6M
- -44.05%
- YTD
- -57.36%
- 1Y
- -77.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -33.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.97M | $38.90M | $46.19M | |
| $113.50M | $180.03M | $146.31M |
IQMM vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 1.60% |
BITU Proshares Ultra Bitcoin ETF | -19.13% |
Correlation
The correlation between IQMM and BITU is -0.20, 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 | -0.20 |
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Return for Risk
IQMM vs. BITU — Risk / Return Rank
IQMM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITU
IQMM vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and Proshares Ultra Bitcoin ETF (BITU). 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 | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.93 | — |
| Martin ratioReturn relative to average drawdown | — | -1.30 | — |
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Drawdowns
IQMM vs. BITU - Drawdown Comparison
The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum BITU drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for IQMM and BITU.
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Drawdown Indicators
| IQMM | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.02% | -83.45% | +83.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -83.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | -80.93% | +80.93% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -37.68% | +37.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 59.52% | — |
Volatility
IQMM vs. BITU - Volatility Comparison
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Volatility by Period
| IQMM | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 88.40% | -88.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.22% | 96.01% | -95.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.22% | 96.01% | -95.79% |
IQMM vs. BITU - Expense Ratio Comparison
IQMM has a 0.15% expense ratio, which is lower than BITU's 0.95% expense ratio.
Dividends
IQMM vs. BITU - Dividend Comparison
IQMM's dividend yield for the trailing twelve months is around 1.50%, less than BITU's 80.48% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 80.48% | 50.23% | 0.12% |
IQMM ProShares GENIUS Money Market ETF | 1.50% | 0.00% | 0.00% |
Frequently Asked Questions
IQMM and BITU have a correlation of -0.20, 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 BITU.
BITU has the higher dividend yield at 80.48%, compared with 1.50% for IQMM.
IQMM is categorized as Money Market, while BITU is Cryptocurrency. Their fees differ too: 0.15% for IQMM and 0.95% for BITU.
Find the right allocation for IQMM and BITU
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