IQMM vs. EWJV
IQMM (ProShares GENIUS Money Market ETF) and EWJV (iShares MSCI Japan Value ETF) are both exchange-traded funds - IQMM is a Money Market fund actively managed by ProShares, while EWJV is a Japan Equities fund tracking the MSCI Japan Value Index. IQMM is actively managed, while EWJV is passively managed. At a correlation of -0.23, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
IQMM vs. EWJV - Performance Comparison
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Returns By Period
IQMM
- 1D
- 0.01%
- 1M
- 0.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWJV
- 1D
- -0.82%
- 1M
- 1.99%
- 6M
- 10.73%
- YTD
- 16.21%
- 1Y
- 40.55%
- 3Y*
- 23.18%
- 5Y*
- 14.21%
- 10Y*
- —
IQMM vs. EWJV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 1.41% |
EWJV iShares MSCI Japan Value ETF | 0.07% |
Correlation
The correlation between IQMM and EWJV is -0.23, 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 | -0.23 |
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Return for Risk
IQMM vs. EWJV — Risk / Return Rank
IQMM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWJV
IQMM vs. EWJV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and iShares MSCI Japan Value ETF (EWJV). 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 | EWJV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.77 | — |
| Martin ratioReturn relative to average drawdown | — | 8.07 | — |
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Drawdowns
IQMM vs. EWJV - Drawdown Comparison
The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum EWJV drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for IQMM and EWJV.
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Drawdown Indicators
| IQMM | EWJV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.02% | -30.05% | +30.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.74% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.39% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.96% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -6.17% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.04% | — |
Volatility
IQMM vs. EWJV - Volatility Comparison
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Volatility by Period
| IQMM | EWJV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 19.68% | -19.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.22% | 18.07% | -17.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.22% | 18.55% | -18.33% |
IQMM vs. EWJV - Expense Ratio Comparison
Both IQMM and EWJV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IQMM vs. EWJV - Dividend Comparison
IQMM's dividend yield for the trailing twelve months is around 1.28%, less than EWJV's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 4.89% | 5.35% | 4.10% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% |
IQMM ProShares GENIUS Money Market ETF | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQMM and EWJV have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IQMM and EWJV have the same expense ratio: 0.15% per year.
EWJV has the higher dividend yield at 4.89%, compared with 1.28% for IQMM.
IQMM is categorized as Money Market, while EWJV is Japan Equities. They also come from different issuers: ProShares and iShares.
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