PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IQMM vs. SQQQ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IQMM vs. SQQQ

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares GENIUS Money Market ETF (IQMM) and ProShares UltraPro Short QQQ (SQQQ).

IQMM and SQQQ 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. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010.

Performance

IQMM vs. SQQQ - Performance Comparison

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

Loading graphics...

IQMM vs. SQQQ - Yearly Performance Comparison

2026 (YTD)
IQMM
ProShares GENIUS Money Market ETF		0.36%
SQQQ
ProShares UltraPro Short QQQ		8.13%

Returns By Period

IQMM

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

SQQQ

1D
-3.78%
1M
10.61%
YTD
13.99%
6M
6.42%
1Y
-56.13%
3Y*
-49.39%
5Y*
-42.70%
10Y*
-52.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares GENIUS Money Market ETF

ProShares UltraPro Short QQQ

Often compared with IQMM:
IQMM vs. SBILIQMM vs. SGVTIQMM vs. SSOIQMM vs. GMMFIQMM vs. MMKTIQMM vs. LSATIQMM vs. NOBL
Often compared with SQQQ:
SQQQ vs. TQQQSQQQ vs. QQQSQQQ vs. PSQSQQQ vs. SOXSSQQQ vs. UVXYSQQQ vs. SPXUSQQQ vs. QID

IQMM vs. SQQQ - Expense Ratio Comparison

IQMM has a 0.15% expense ratio, which is lower than SQQQ's 0.95% expense ratio.

SQQQ
ProShares UltraPro Short QQQ
IQMM
ProShares GENIUS Money Market ETF

Return for Risk

IQMM vs. SQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IQMM
SQQQ
SQQQ Risk / Return Rank: 22
Overall Rank
SQQQ Sharpe Ratio Rank: 11
Sharpe Ratio Rank
SQQQ Sortino Ratio Rank: 11
Sortino Ratio Rank
SQQQ Omega Ratio Rank: 11
Omega Ratio Rank
SQQQ Calmar Ratio Rank: 11
Calmar Ratio Rank
SQQQ Martin Ratio Rank: 55
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IQMM vs. SQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and ProShares UltraPro Short QQQ (SQQQ). 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.

IQMM vs. SQQQ - Sharpe Ratio Comparison

Loading graphics...

Sharpe Ratios by Period

IQMMSQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

-0.84

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

-0.64

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.80

—

Sharpe Ratio (All Time)

Calculated using the full available price history

21.20

-0.85

+22.04

Correlation

The correlation between IQMM and SQQQ is 0.43, 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. SQQQ - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 0.33%, less than SQQQ's 5.99% yield.

TTM202520242023202220212020201920182017
IQMM
ProShares GENIUS Money Market ETF		0.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SQQQ
ProShares UltraPro Short QQQ		5.99%9.36%10.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%

Drawdowns

IQMM vs. SQQQ - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.00%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for IQMM and SQQQ.

Loading graphics...

Drawdown Indicators

IQMMSQQQDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-100.00%

+100.00%

Max Drawdown (1Y)

Largest decline over 1 year

—

-75.23%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-95.36%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-99.96%

—

Current Drawdown

Current decline from peak

0.00%

-100.00%

+100.00%

Average Drawdown

Average peak-to-trough decline

0.00%

-92.32%

+92.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

65.40%

—

Volatility

IQMM vs. SQQQ - Volatility Comparison

Loading graphics...

Volatility by Period

IQMMSQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

19.98%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

38.23%

—

Volatility (1Y)

Calculated over the trailing 1-year period

0.16%

67.38%

-67.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.16%

66.65%

-66.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.16%

65.97%

-65.81%