IQMM vs. LSAT

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares GENIUS Money Market ETF (IQMM) and Leadershares Alphafactor Tactical Focused ETF (LSAT).

IQMM and LSAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQMM is an actively managed fund by ProShares. It was launched on Feb 17, 2026. LSAT is an actively managed fund by Redwood. It was launched on Oct 27, 2020.

Performance

IQMM vs. LSAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares GENIUS Money Market ETF (IQMM) and Leadershares Alphafactor Tactical Focused ETF (LSAT). The values are adjusted to include any dividend payments, if applicable.

IQMM vs. LSAT - Yearly Performance Comparison

	2026 (YTD)
IQMM ProShares GENIUS Money Market ETF	0.36%
LSAT Leadershares Alphafactor Tactical Focused ETF	-1.99%

Returns By Period

IQMM

• 1D: -0.00%
• 1M: 0.29%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LSAT

• 1D: 1.77%
• 1M: -1.78%
• YTD: 1.40%
• 6M: -2.97%
• 1Y: 0.13%
• 3Y*: 9.21%
• 5Y*: 5.57%
• 10Y*: —

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

IQMM vs. LSAT - Expense Ratio Comparison

IQMM has a 0.15% expense ratio, which is lower than LSAT's 0.99% expense ratio.

LSAT

Leadershares Alphafactor Tactical Focused ETF

IQMM

ProShares GENIUS Money Market ETF

Return for Risk

IQMM vs. LSAT — Risk / Return Rank

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

LSAT

LSAT Risk / Return Rank: 12
LSAT Sharpe Ratio Rank: 12
LSAT Sortino Ratio Rank: 12
LSAT Omega Ratio Rank: 12
LSAT Calmar Ratio Rank: 13
LSAT Martin Ratio Rank: 13

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. LSAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and Leadershares Alphafactor Tactical Focused ETF (LSAT). 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	LSAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.01	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	21.20	0.65	+20.55

Correlation

The correlation between IQMM and LSAT is -0.29. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

IQMM vs. LSAT - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 0.33%, less than LSAT's 1.87% yield.

	TTM	2025	2024	2023	2022	2021	2020
IQMM ProShares GENIUS Money Market ETF	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LSAT Leadershares Alphafactor Tactical Focused ETF	1.87%	1.90%	1.31%	1.85%	0.36%	3.44%	0.30%

Drawdowns

IQMM vs. LSAT - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.00%, smaller than the maximum LSAT drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for IQMM and LSAT.

Drawdown Indicators

	IQMM	LSAT	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-20.48%	+20.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.48%	—
Current Drawdown Current decline from peak	0.00%	-6.77%	+6.77%
Average Drawdown Average peak-to-trough decline	0.00%	-5.68%	+5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.22%	—

Volatility

Volatility by Period

	IQMM	LSAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.16%	17.26%	-17.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.16%	16.28%	-16.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.16%	16.90%	-16.74%