IQMM vs. DVLU

Last updated Jun 3, 2026

IQMM (ProShares GENIUS Money Market ETF) and DVLU (First Trust Dorsey Wright Momentum & Value ETF) are both exchange-traded funds - IQMM is a Money Market fund actively managed by ProShares, while DVLU is a Momentum fund tracking the Dorsey Wright Momentum Plus Value Index. IQMM is actively managed, while DVLU is passively managed. At a correlation of -0.27, they often move in opposite directions. IQMM charges 0.15%/yr vs 0.60%/yr for DVLU.

Performance

IQMM vs. DVLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares GENIUS Money Market ETF (IQMM) and First Trust Dorsey Wright Momentum & Value ETF (DVLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IQMM

• 1D: -0.01%
• 1M: 0.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVLU

• 1D: 0.75%
• 1M: 4.00%
• YTD: 10.56%
• 6M: 13.60%
• 1Y: 37.20%
• 3Y*: 22.27%
• 5Y*: 11.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IQMM vs. DVLU - Yearly Performance Comparison

	2026 (YTD)
IQMM ProShares GENIUS Money Market ETF	0.97%
DVLU First Trust Dorsey Wright Momentum & Value ETF	7.75%

Correlation

The correlation between IQMM and DVLU is -0.27, 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	-0.27

Return for Risk

IQMM vs. DVLU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVLU

DVLU Risk / Return Rank: 64
DVLU Sharpe Ratio Rank: 67
DVLU Sortino Ratio Rank: 67
DVLU Omega Ratio Rank: 64
DVLU Calmar Ratio Rank: 59
DVLU Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IQMM vs. DVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and First Trust Dorsey Wright Momentum & Value ETF (DVLU). 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.

Sharpe Ratios by Period

	IQMM	DVLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	16.14	0.43	+15.71

Drawdowns

IQMM vs. DVLU - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum DVLU drawdown of -53.26%. Use the drawdown chart below to compare losses from any high point for IQMM and DVLU.

Drawdown Indicators

	IQMM	DVLU	Difference
Max Drawdown Largest peak-to-trough decline	-0.02%	-53.26%	+53.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.86%	—
Current Drawdown Current decline from peak	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.00%	-8.79%	+8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.39%	—

Volatility

Volatility by Period

	IQMM	DVLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	16.40%	-16.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.22%	21.52%	-21.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.22%	25.81%	-25.59%

IQMM vs. DVLU - Expense Ratio Comparison

IQMM has a 0.15% expense ratio, which is lower than DVLU's 0.60% expense ratio.

Dividends

IQMM vs. DVLU - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 0.94%, more than DVLU's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DVLU First Trust Dorsey Wright Momentum & Value ETF	0.62%	0.73%	1.06%	1.34%	2.18%	1.33%	1.34%	1.71%	0.58%
IQMM ProShares GENIUS Money Market ETF	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IQMM and DVLU in my portfolio?

IQMM and DVLU have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IQMM or DVLU?

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.

Which ETF is cheaper, IQMM or DVLU?

IQMM is cheaper with a 0.15% expense ratio, compared with 0.60% for DVLU.

Which ETF pays a higher dividend yield, IQMM or DVLU?

IQMM has the higher dividend yield at 0.94%, compared with 0.62% for DVLU.

What is the main difference between IQMM and DVLU?

IQMM is categorized as Money Market, while DVLU is Momentum. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.15% for IQMM and 0.60% for DVLU.