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. At a correlation of -0.14, they often move in opposite directions. 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
- 0.28%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITU
- 1D
- -5.58%
- 1M
- -34.84%
- YTD
- -52.92%
- 6M
- -59.11%
- 1Y
- -73.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQMM vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 0.98% |
BITU Proshares Ultra Bitcoin ETF | -13.10% |
Correlation
The correlation between IQMM and BITU 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. BITU — Risk / Return Rank
IQMM
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.
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 | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 16.18 | -0.35 | +16.53 |
Drawdowns
IQMM vs. BITU - Drawdown Comparison
The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum BITU drawdown of -78.94%. 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% | -78.94% | +78.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -78.94% | — |
Current DrawdownCurrent decline from peak | -0.00% | -78.94% | +78.94% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -34.49% | +34.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 49.84% | — |
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 | — | 18.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 69.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 87.00% | -86.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.22% | 97.45% | -97.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.22% | 97.45% | -97.23% |
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 0.94%, less than BITU's 83.36% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 83.36% | 50.23% | 0.12% |
IQMM ProShares GENIUS Money Market ETF | 0.94% | 0.00% | 0.00% |
Frequently Asked Questions
IQMM and BITU 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 BITU.
BITU has the higher dividend yield at 83.36%, compared with 0.94% 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.
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