IQMM vs. SBIL

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares GENIUS Money Market ETF (IQMM) and Simplify Government Money Market ETF (SBIL).

IQMM and SBIL 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. SBIL is an actively managed fund by Simplify. It was launched on Jul 14, 2025.

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.

IQMM vs. SBIL - Yearly Performance Comparison

	2026 (YTD)
IQMM ProShares GENIUS Money Market ETF	0.36%
SBIL Simplify Government Money Market ETF	0.38%

Returns By Period

IQMM

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

SBIL

• 1D: -0.00%
• 1M: 0.27%
• YTD: 0.86%
• 6M: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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%.

IQMM

ProShares GENIUS Money Market ETF

SBIL

Simplify Government Money Market ETF

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.

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

Sharpe Ratios by Period

	IQMM	SBIL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	21.20	14.25	+6.94

Correlation

The correlation between IQMM and SBIL is -0.13. 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. SBIL - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 0.33%, less than SBIL's 2.68% yield.

	TTM	2025
IQMM ProShares GENIUS Money Market ETF	0.33%	0.00%
SBIL Simplify Government Money Market ETF	2.68%	1.79%

Drawdowns

IQMM vs. SBIL - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.00%, smaller than the maximum SBIL 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	0.00%	-0.03%	+0.03%
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	SBIL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.16%	0.28%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.16%	0.28%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.16%	0.28%	-0.12%