IQMM vs. SPCX
Compare and contrast key facts about ProShares GENIUS Money Market ETF (IQMM) and SPAC and New Issue ETF (SPCX).
IQMM and SPCX 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. SPCX is an actively managed fund by Tuttle Tactical Management, LLC. It was launched on Dec 16, 2020.
Performance
IQMM vs. SPCX - Performance Comparison
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IQMM vs. SPCX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 0.36% |
SPCX SPAC and New Issue ETF | 0.34% |
Returns By Period
IQMM
- 1D
- -0.00%
- 1M
- 0.29%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPCX
- 1D
- 0.45%
- 1M
- 0.34%
- YTD
- 0.73%
- 6M
- 2.32%
- 1Y
- 6.40%
- 3Y*
- 3.29%
- 5Y*
- -1.42%
- 10Y*
- —
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IQMM vs. SPCX - Expense Ratio Comparison
IQMM has a 0.15% expense ratio, which is lower than SPCX's 0.95% expense ratio.
Return for Risk
IQMM vs. SPCX — Risk / Return Rank
IQMM
SPCX
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 SPAC and New Issue ETF (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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| IQMM | SPCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.63 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 21.20 | 0.12 | +21.08 |
Correlation
The correlation between IQMM and SPCX is -0.23. 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. SPCX - Dividend Comparison
IQMM's dividend yield for the trailing twelve months is around 0.33%, less than SPCX's 16.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IQMM ProShares GENIUS Money Market ETF | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPCX SPAC and New Issue ETF | 16.37% | 16.48% | 0.69% | 2.27% | 0.00% | 1.28% |
Drawdowns
IQMM vs. SPCX - Drawdown Comparison
The maximum IQMM drawdown since its inception was -0.00%, smaller than the maximum SPCX drawdown of -28.28%. Use the drawdown chart below to compare losses from any high point for IQMM and SPCX.
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Drawdown Indicators
| IQMM | SPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -28.28% | +28.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.59% | — |
Current DrawdownCurrent decline from peak | 0.00% | -17.59% | +17.59% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -18.92% | +18.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.39% | — |
Volatility
IQMM vs. SPCX - Volatility Comparison
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Volatility by Period
| IQMM | SPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.16% | 10.15% | -9.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.16% | 8.16% | -8.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.16% | 9.30% | -9.14% |