IQMM vs. DVY
IQMM (ProShares GENIUS Money Market ETF) and DVY (iShares Select Dividend ETF) are both exchange-traded funds - IQMM is a Money Market fund actively managed by ProShares, while DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index. IQMM is actively managed, while DVY is passively managed. At a correlation of -0.16, they often move in opposite directions. IQMM charges 0.15%/yr vs 0.39%/yr for DVY.
Performance
IQMM vs. DVY - Performance Comparison
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Returns By Period
IQMM
- 1D
- -0.04%
- 1M
- 0.22%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVY
- 1D
- 0.93%
- 1M
- 0.67%
- YTD
- 11.95%
- 6M
- 11.29%
- 1Y
- 22.55%
- 3Y*
- 16.40%
- 5Y*
- 9.78%
- 10Y*
- 10.39%
IQMM vs. DVY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 1.16% |
DVY iShares Select Dividend ETF | 0.98% |
Correlation
The correlation between IQMM and DVY is -0.16, 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 19, 2026 | -0.16 |
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Return for Risk
IQMM vs. DVY — Risk / Return Rank
IQMM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DVY
IQMM vs. DVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and iShares Select Dividend ETF (DVY). 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 | DVY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.29 | — |
| Martin ratioReturn relative to average drawdown | — | 11.48 | — |
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Drawdowns
IQMM vs. DVY - Drawdown Comparison
The maximum IQMM drawdown since its inception was -0.04%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for IQMM and DVY.
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Drawdown Indicators
| IQMM | DVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -62.59% | +62.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.59% | — |
Current DrawdownCurrent decline from peak | -0.04% | -1.28% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -8.77% | +8.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
IQMM vs. DVY - Volatility Comparison
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Volatility by Period
| IQMM | DVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 11.28% | -11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.23% | 15.15% | -14.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.23% | 18.02% | -17.79% |
IQMM vs. DVY - Expense Ratio Comparison
IQMM has a 0.15% expense ratio, which is lower than DVY's 0.39% expense ratio.
Dividends
IQMM vs. DVY - Dividend Comparison
IQMM's dividend yield for the trailing twelve months is around 1.08%, less than DVY's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 3.38% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
IQMM ProShares GENIUS Money Market ETF | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQMM and DVY have a correlation of -0.16, 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 0.39% for DVY.
DVY has the higher dividend yield at 3.38%, compared with 1.08% for IQMM.
IQMM is categorized as Money Market, while DVY is Large Cap Value Equities. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.15% for IQMM and 0.39% for DVY.
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