IQMM vs. SGVT

Last updated Apr 1, 2026

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

IQMM and SGVT 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. SGVT is an actively managed fund by Charles Schwab. It was launched on Jun 12, 2025.

Performance

IQMM vs. SGVT - Performance Comparison

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

IQMM vs. SGVT - Yearly Performance Comparison

	2026 (YTD)
IQMM ProShares GENIUS Money Market ETF	0.36%
SGVT Schwab Government Money Market ETF	0.37%

Returns By Period

IQMM

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

SGVT

• 1D: 0.01%
• 1M: 0.27%
• YTD: 0.81%
• 6M: 1.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQMM vs. SGVT - Expense Ratio Comparison

IQMM has a 0.15% expense ratio, which is lower than SGVT's 0.28% expense ratio.

SGVT

Schwab Government Money Market ETF

IQMM

ProShares GENIUS Money Market ETF

Return for Risk

IQMM vs. SGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and Schwab Government Money Market ETF (SGVT). 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	SGVT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	21.20	18.85	+2.35

Correlation

The correlation between IQMM and SGVT is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IQMM vs. SGVT - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 0.33%, less than SGVT's 2.30% yield.

	TTM	2025
IQMM ProShares GENIUS Money Market ETF	0.33%	0.00%
SGVT Schwab Government Money Market ETF	2.30%	1.73%

Drawdowns

IQMM vs. SGVT - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.00%, smaller than the maximum SGVT drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IQMM and SGVT.

Drawdown Indicators

	IQMM	SGVT	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	SGVT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.16%	0.21%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.16%	0.21%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.16%	0.21%	-0.05%