IQMM vs. OCTJ

Last updated Jun 3, 2026

IQMM (ProShares GENIUS Money Market ETF) and OCTJ (Innovator Premium Income 30 Barrier ETF - October) are both exchange-traded funds - IQMM is a Money Market fund actively managed by ProShares, while OCTJ is a Options Trading fund actively managed by Innovator. Both are actively managed. At a correlation of -0.33, they often move in opposite directions. IQMM charges 0.15%/yr vs 0.79%/yr for OCTJ.

Performance

IQMM vs. OCTJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares GENIUS Money Market ETF (IQMM) and Innovator Premium Income 30 Barrier ETF - October (OCTJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IQMM

• 1D: -0.01%
• 1M: 0.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OCTJ

• 1D: 0.17%
• 1M: 0.52%
• YTD: 2.31%
• 6M: 3.04%
• 1Y: 5.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQMM vs. OCTJ - Yearly Performance Comparison

	2026 (YTD)
IQMM ProShares GENIUS Money Market ETF	0.97%
OCTJ Innovator Premium Income 30 Barrier ETF - October	2.04%

Correlation

The correlation between IQMM and OCTJ is -0.33, 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 20, 2026	-0.33

Return for Risk

IQMM vs. OCTJ — Risk / Return Rank

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

OCTJ

OCTJ Risk / Return Rank: 80
OCTJ Sharpe Ratio Rank: 66
OCTJ Sortino Ratio Rank: 76
OCTJ Omega Ratio Rank: 80
OCTJ Calmar Ratio Rank: 86
OCTJ Martin Ratio Rank: 93

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. OCTJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and Innovator Premium Income 30 Barrier ETF - October (OCTJ). 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	OCTJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	16.14	1.47	+14.67

Drawdowns

IQMM vs. OCTJ - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum OCTJ drawdown of -5.35%. Use the drawdown chart below to compare losses from any high point for IQMM and OCTJ.

Drawdown Indicators

	IQMM	OCTJ	Difference
Max Drawdown Largest peak-to-trough decline	-0.02%	-5.35%	+5.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.25%	—
Current Drawdown Current decline from peak	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.16%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.24%	—

Volatility

Volatility by Period

	IQMM	OCTJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	2.63%	-2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.22%	4.23%	-4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.22%	4.23%	-4.01%

IQMM vs. OCTJ - Expense Ratio Comparison

IQMM has a 0.15% expense ratio, which is lower than OCTJ's 0.79% expense ratio.

Dividends

IQMM vs. OCTJ - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 0.94%, less than OCTJ's 5.20% yield.

Position	TTM	2025	2024	2023
IQMM ProShares GENIUS Money Market ETF	0.94%	0.00%	0.00%	0.00%
OCTJ Innovator Premium Income 30 Barrier ETF - October	5.20%	5.23%	6.27%	1.64%

Frequently Asked Questions

Can I hold both IQMM and OCTJ in my portfolio?

IQMM and OCTJ have a correlation of -0.33, 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 OCTJ?

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 OCTJ?

IQMM is cheaper with a 0.15% expense ratio, compared with 0.79% for OCTJ.

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

OCTJ has the higher dividend yield at 5.20%, compared with 0.94% for IQMM.

What is the main difference between IQMM and OCTJ?

IQMM is categorized as Money Market, while OCTJ is Options Trading. They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.15% for IQMM and 0.79% for OCTJ.