IQMM vs. RMME

Last updated Jun 4, 2026

IQMM (ProShares GENIUS Money Market ETF) and RMME (Rareview Government Money Market ETF) are both Money Market funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. IQMM charges 0.15%/yr vs 0.30%/yr for RMME.

Performance

IQMM vs. RMME - Performance Comparison

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

Returns By Period

IQMM

• 1D: 0.01%
• 1M: 0.28%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RMME

• 1D: 0.03%
• 1M: 0.28%
• YTD: 1.40%
• 6M: 1.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQMM vs. RMME - Yearly Performance Comparison

	2026 (YTD)
IQMM ProShares GENIUS Money Market ETF	0.98%
RMME Rareview Government Money Market ETF	0.97%

Correlation

The correlation between IQMM and RMME is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026	0.24

Return for Risk

IQMM vs. RMME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and Rareview Government Money Market ETF (RMME). 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	RMME	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	16.18	8.39	+7.79

Drawdowns

IQMM vs. RMME - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.02%, smaller than the maximum RMME drawdown of -0.17%. Use the drawdown chart below to compare losses from any high point for IQMM and RMME.

Drawdown Indicators

	IQMM	RMME	Difference
Max Drawdown Largest peak-to-trough decline	-0.02%	-0.17%	+0.15%
Current Drawdown Current decline from peak	-0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.00%	0.00%

Volatility

Volatility by Period

	IQMM	RMME	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	0.41%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.22%	0.41%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.22%	0.41%	-0.19%

IQMM vs. RMME - Expense Ratio Comparison

IQMM has a 0.15% expense ratio, which is lower than RMME's 0.30% expense ratio.

Dividends

IQMM vs. RMME - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 0.94%, less than RMME's 1.60% yield.

Position	TTM	2025
IQMM ProShares GENIUS Money Market ETF	0.94%	0.00%
RMME Rareview Government Money Market ETF	1.60%	0.26%

Frequently Asked Questions

Can I hold both IQMM and RMME in my portfolio?

IQMM and RMME have a correlation of 0.24, 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 RMME?

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 RMME?

IQMM is cheaper with a 0.15% expense ratio, compared with 0.30% for RMME.

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

RMME has the higher dividend yield at 1.60%, compared with 0.94% for IQMM.

What is the main difference between IQMM and RMME?

They also come from different issuers: ProShares and Rareview. Their fees differ too: 0.15% for IQMM and 0.30% for RMME.