IQMM vs. SBIL

Last updated Jun 24, 2026

IQMM (ProShares GENIUS Money Market ETF) and SBIL (Simplify Government Money Market ETF) are both Money Market funds. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

IQMM vs. SBIL - Performance Comparison

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

Returns By Period

IQMM

• 1D: -0.04%
• 1M: 0.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIL

• 1D: 0.01%
• 1M: 0.25%
• YTD: 1.68%
• 6M: 1.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQMM vs. SBIL - Yearly Performance Comparison

	2026 (YTD)
IQMM ProShares GENIUS Money Market ETF	1.16%
SBIL Simplify Government Money Market ETF	1.19%

Correlation

The correlation between IQMM and SBIL is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.05

Return for Risk

IQMM vs. SBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and Simplify Government Money Market ETF (SBIL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

IQMM vs. SBIL - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.04%, which is greater than SBIL's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IQMM and SBIL.

Drawdown Indicators

	IQMM	SBIL	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-0.03%	-0.01%
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.00%	0.00%

Volatility

Volatility by Period

	IQMM	SBIL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.23%	0.27%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.23%	0.27%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.23%	0.27%	-0.04%

IQMM vs. SBIL - Expense Ratio Comparison

Both IQMM and SBIL have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IQMM vs. SBIL - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 1.08%, less than SBIL's 3.25% yield.

Position	TTM	2025
IQMM ProShares GENIUS Money Market ETF	1.08%	0.00%
SBIL Simplify Government Money Market ETF	3.25%	1.79%

Frequently Asked Questions

Can I hold both IQMM and SBIL in my portfolio?

IQMM and SBIL have a correlation of 0.05, 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 SBIL?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQMM or SBIL?

IQMM and SBIL have the same expense ratio: 0.15% per year.

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

SBIL has the higher dividend yield at 3.25%, compared with 1.08% for IQMM.

What is the main difference between IQMM and SBIL?

They also come from different issuers: ProShares and Simplify.