IQMM vs. ENOR
IQMM (ProShares GENIUS Money Market ETF) and ENOR (iShares MSCI Norway ETF) are both exchange-traded funds - IQMM is a Money Market fund actively managed by ProShares, while ENOR is a Europe Equities fund tracking the MSCI Norway IMI 25/50 Index. IQMM is actively managed, while ENOR is passively managed. Their -0.22 correlation means they have often moved in opposite directions in the past. IQMM charges 0.15%/yr vs 0.53%/yr for ENOR.
Performance
IQMM vs. ENOR - Performance Comparison
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Returns By Period
IQMM
- 1D
- 0.01%
- 1M
- 0.26%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ENOR
- 1D
- -0.52%
- 1M
- 8.53%
- 6M
- 15.77%
- YTD
- 26.15%
- 1Y
- 35.28%
- 3Y*
- 19.28%
- 5Y*
- 9.12%
- 10Y*
- 9.72%
- ALL TIME*
- 5.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.32M | $1.91M | $2.66M | |
| $113.50M | $180.03M | $146.31M |
IQMM vs. ENOR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 1.60% |
ENOR iShares MSCI Norway ETF | 7.32% |
Correlation
The correlation between IQMM and ENOR is -0.22, 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 | -0.22 |
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Return for Risk
IQMM vs. ENOR — Risk / Return Rank
IQMM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ENOR
IQMM vs. ENOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and iShares MSCI Norway ETF (ENOR). 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 | ENOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.43 | — |
| Martin ratioReturn relative to average drawdown | — | 7.57 | — |
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Drawdowns
IQMM vs. ENOR - Drawdown Comparison
The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum ENOR drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for IQMM and ENOR.
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Drawdown Indicators
| IQMM | ENOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.02% | -55.35% | +55.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.56% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.21% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.71% | +4.71% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -16.48% | +16.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.67% | — |
Volatility
IQMM vs. ENOR - Volatility Comparison
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Volatility by Period
| IQMM | ENOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 18.13% | -17.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.22% | 22.13% | -21.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.22% | 23.74% | -23.52% |
IQMM vs. ENOR - Expense Ratio Comparison
IQMM has a 0.15% expense ratio, which is lower than ENOR's 0.53% expense ratio.
Dividends
IQMM vs. ENOR - Dividend Comparison
IQMM's dividend yield for the trailing twelve months is around 1.50%, less than ENOR's 5.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENOR iShares MSCI Norway ETF | 5.29% | 2.96% | 6.32% | 5.06% | 4.02% | 2.24% | 2.39% | 3.15% | 2.79% | 2.47% | 2.96% | 3.24% |
IQMM ProShares GENIUS Money Market ETF | 1.50% | 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 ENOR have a correlation of -0.22, 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 0.53% for ENOR.
ENOR has the higher dividend yield at 5.29%, compared with 1.50% for IQMM.
IQMM is categorized as Money Market, while ENOR is Europe Equities. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.15% for IQMM and 0.53% for ENOR.
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