IQMM vs. MUST
IQMM (ProShares GENIUS Money Market ETF) and MUST (Columbia Multi-Sector Municipal Income ETF) are both Money Market funds. IQMM is actively managed, while MUST is passively managed. Their -0.20 correlation means they have often moved in opposite directions in the past. IQMM charges 0.15%/yr vs 0.23%/yr for MUST.
Performance
IQMM vs. MUST - Performance Comparison
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Returns By Period
IQMM
- 1D
- 0.02%
- 1M
- 0.24%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MUST
- 1D
- 0.30%
- 1M
- -1.98%
- 6M
- -1.19%
- YTD
- 0.25%
- 1Y
- 4.44%
- 3Y*
- 2.94%
- 5Y*
- 0.35%
- 10Y*
- —
- ALL TIME*
- 2.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.32M | $173.78M | $156.56M | |
| $2.71M | $2.64M | $2.36M |
IQMM vs. MUST - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 1.59% |
MUST Columbia Multi-Sector Municipal Income ETF | -2.08% |
Correlation
The correlation between IQMM and MUST is -0.20, 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 | -0.20 |
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Return for Risk
IQMM vs. MUST — Risk / Return Rank
IQMM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUST
IQMM vs. MUST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and Columbia Multi-Sector Municipal Income ETF (MUST). 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 | MUST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.70 | — |
| Martin ratioReturn relative to average drawdown | — | 4.25 | — |
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Drawdowns
IQMM vs. MUST - Drawdown Comparison
The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum MUST drawdown of -13.83%. Use the drawdown chart below to compare losses from any high point for IQMM and MUST.
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Drawdown Indicators
| IQMM | MUST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.02% | -13.83% | +13.81% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.83% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.26% | +2.26% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -3.36% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.21% | — |
Volatility
IQMM vs. MUST - Volatility Comparison
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Volatility by Period
| IQMM | MUST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 5.13% | -4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.22% | 5.50% | -5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.22% | 5.59% | -5.37% |
IQMM vs. MUST - Expense Ratio Comparison
IQMM has a 0.15% expense ratio, which is lower than MUST's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IQMM vs. MUST - Dividend Comparison
IQMM's dividend yield for the trailing twelve months is around 1.50%, less than MUST's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IQMM ProShares GENIUS Money Market ETF | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUST Columbia Multi-Sector Municipal Income ETF | 3.10% | 3.28% | 3.13% | 2.51% | 1.76% | 1.62% | 2.33% | 2.70% | 0.55% |
Frequently Asked Questions
IQMM and MUST have a correlation of -0.20, 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 0.23% for MUST.
MUST has the higher dividend yield at 3.10%, compared with 1.50% for IQMM.
They also come from different issuers: ProShares and Ameriprise Financial. Their fees differ too: 0.15% for IQMM and 0.23% for MUST.
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