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IQMM vs. QLD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IQMM vs. QLD

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares GENIUS Money Market ETF (IQMM) and ProShares Ultra QQQ (QLD).

IQMM and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.

Performance

IQMM vs. QLD - Performance Comparison

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

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IQMM vs. QLD - Yearly Performance Comparison

2026 (YTD)
IQMM
ProShares GENIUS Money Market ETF		0.36%
QLD
ProShares Ultra QQQ		-9.26%

Returns By Period

IQMM

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

QLD

1D
6.72%
1M
-10.26%
YTD
-13.35%
6M
-11.03%
1Y
37.53%
3Y*
35.41%
5Y*
15.27%
10Y*
29.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares GENIUS Money Market ETF

ProShares Ultra QQQ

Often compared with IQMM:
IQMM vs. SBILIQMM vs. SGVTIQMM vs. SSOIQMM vs. GMMFIQMM vs. MMKTIQMM vs. LSATIQMM vs. NOBL
Often compared with QLD:
QLD vs. QQQQLD vs. TQQQQLD vs. SSOQLD vs. QQQMQLD vs. UPROQLD vs. VOOQLD vs. SPY

IQMM vs. QLD - Expense Ratio Comparison

IQMM has a 0.15% expense ratio, which is lower than QLD's 0.95% expense ratio.

QLD
ProShares Ultra QQQ
IQMM
ProShares GENIUS Money Market ETF

Return for Risk

IQMM vs. QLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IQMM
QLD
QLD Risk / Return Rank: 5757
Overall Rank
QLD Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
QLD Sortino Ratio Rank: 5959
Sortino Ratio Rank
QLD Omega Ratio Rank: 5858
Omega Ratio Rank
QLD Calmar Ratio Rank: 6363
Calmar Ratio Rank
QLD Martin Ratio Rank: 5555
Martin Ratio Rank
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. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and ProShares Ultra QQQ (QLD). 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.

IQMM vs. QLD - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IQMMQLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.84

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.34

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

21.20

0.53

+20.67

Correlation

The correlation between IQMM and QLD is -0.39. 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. QLD - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 0.33%, more than QLD's 0.19% yield.

TTM20252024202320222021202020192018201720162015
IQMM
ProShares GENIUS Money Market ETF		0.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QLD
ProShares Ultra QQQ		0.19%0.17%0.25%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.21%0.11%

Drawdowns

IQMM vs. QLD - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.00%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for IQMM and QLD.

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Drawdown Indicators

IQMMQLDDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-83.13%

+83.13%

Max Drawdown (1Y)

Largest decline over 1 year

—

-25.13%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-63.68%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-63.68%

—

Current Drawdown

Current decline from peak

0.00%

-20.10%

+20.10%

Average Drawdown

Average peak-to-trough decline

0.00%

-18.30%

+18.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

7.67%

—

Volatility

IQMM vs. QLD - Volatility Comparison

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Volatility by Period

IQMMQLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

12.96%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

25.55%

—

Volatility (1Y)

Calculated over the trailing 1-year period

0.16%

44.91%

-44.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.16%

44.77%

-44.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.16%

44.47%

-44.31%