IQMM vs. SPCX

Last updated Jun 24, 2026

IQMM (ProShares GENIUS Money Market ETF) is Money Market fund actively managed by ProShares, while SPCX (Space Exploration Technologies Corp. (SpaceX)) is a stock. At a 0.07 correlation, their price movements are largely independent.

Performance

IQMM vs. SPCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares GENIUS Money Market ETF (IQMM) and Space Exploration Technologies Corp. (SpaceX) (SPCX). 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*: —

SPCX

• 1D: 0.98%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQMM vs. SPCX - Yearly Performance Comparison

	2026 (YTD)
IQMM ProShares GENIUS Money Market ETF	0.07%
SPCX Space Exploration Technologies Corp. (SpaceX)	4.07%

Correlation

The correlation between IQMM and SPCX is 0.07, 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 Jun 12, 2026	0.07

Return for Risk

IQMM vs. SPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and Space Exploration Technologies Corp. (SpaceX) (SPCX). 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. SPCX - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.04%, smaller than the maximum SPCX drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for IQMM and SPCX.

Drawdown Indicators

	IQMM	SPCX	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-23.39%	+23.35%
Current Drawdown Current decline from peak	-0.04%	-22.64%	+22.60%
Average Drawdown Average peak-to-trough decline	-0.00%	-8.47%	+8.47%

Volatility

Volatility by Period

	IQMM	SPCX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.23%	178.70%	-178.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.23%	178.70%	-178.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.23%	178.70%	-178.47%

Dividends

IQMM vs. SPCX - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 1.08%, while SPCX has not paid dividends to shareholders.

Position	TTM
IQMM ProShares GENIUS Money Market ETF	1.08%
SPCX Space Exploration Technologies Corp. (SpaceX)	0.00%

Frequently Asked Questions

Can I hold both IQMM and SPCX in my portfolio?

IQMM and SPCX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.