IQMM vs. KBA

Last updated Aug 2, 2026

IQMM (ProShares GENIUS Money Market ETF) and KBA (KraneShares Bosera MSCI China A Share ETF) are both exchange-traded funds - IQMM is a Money Market fund actively managed by ProShares, while KBA is a China Equities fund tracking the MSCI China A Index. IQMM is actively managed, while KBA is passively managed. Their -0.35 correlation means they have often moved in opposite directions in the past. IQMM charges 0.15%/yr vs 0.60%/yr for KBA.

Performance

IQMM vs. KBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares GENIUS Money Market ETF (IQMM) and KraneShares Bosera MSCI China A Share ETF (KBA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IQMM

• 1D: 0.02%
• 1M: 0.24%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

KBA

• 1D: -0.78%
• 1M: 1.13%
• 6M: 7.50%
• YTD: 7.15%
• 1Y: 34.07%
• 3Y*: 12.68%
• 5Y*: 7.04%
• 10Y*: 9.42%
• ALL TIME*: 9.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQMM ProShares GENIUS Money Market ETF	$107.32M	$173.78M	$156.56M
KBA KraneShares Bosera MSCI China A Share ETF	$842.71K	$977.36K	$2.09M

IQMM vs. KBA - Yearly Performance Comparison

	2026 (YTD)
IQMM ProShares GENIUS Money Market ETF	1.59%
KBA KraneShares Bosera MSCI China A Share ETF	7.50%

Correlation

The correlation between IQMM and KBA is -0.35, 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	-0.35

Return for Risk

IQMM vs. KBA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IQMM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KBA

KBA Risk / Return Rank: 76
KBA Sharpe Ratio Rank: 72
KBA Sortino Ratio Rank: 70
KBA Omega Ratio Rank: 69
KBA Calmar Ratio Rank: 91
KBA Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IQMM vs. KBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and KraneShares Bosera MSCI China A Share ETF (KBA). 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	KBA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.63	—
Sortino ratio: Return per unit of downside risk	—	2.27	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	4.08	—
Martin ratio: Return relative to average drawdown	—	9.76	—

Drawdowns

IQMM vs. KBA - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum KBA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for IQMM and KBA.

Drawdown Indicators

	IQMM	KBA	Difference
Max Drawdown Largest peak-to-trough decline	-0.02%	-53.24%	+53.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.32%	—
Current Drawdown Current decline from peak	0.00%	-6.47%	+6.47%
Average Drawdown Average peak-to-trough decline	0.00%	-25.53%	+25.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.48%	—

Volatility

Volatility by Period

	IQMM	KBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	20.87%	-20.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.22%	27.33%	-27.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.22%	25.49%	-25.27%

IQMM vs. KBA - Expense Ratio Comparison

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

Dividends

IQMM vs. KBA - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 1.50%, more than KBA's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
KBA KraneShares Bosera MSCI China A Share ETF	1.46%	1.56%	2.18%	2.34%	49.05%	9.07%	0.65%	1.53%	3.77%	1.46%	6.62%	29.08%

Frequently Asked Questions

Can I hold both IQMM and KBA in my portfolio?

IQMM and KBA have a correlation of -0.35, 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 KBA?

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 KBA?

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

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

IQMM has the higher dividend yield at 1.50%, compared with 1.46% for KBA.

What is the main difference between IQMM and KBA?

IQMM is categorized as Money Market, while KBA is China Equities. They also come from different issuers: ProShares and CICC. Their fees differ too: 0.15% for IQMM and 0.60% for KBA.