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IQMM vs. TQQQ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IQMM vs. TQQQ

Last updated Apr 1, 2026

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

IQMM and TQQQ 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. TQQQ 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. TQQQ - Performance Comparison

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

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IQMM vs. TQQQ - Yearly Performance Comparison

2026 (YTD)
IQMM
ProShares GENIUS Money Market ETF		0.36%
TQQQ
ProShares UltraPro QQQ		-11.32%

Returns By Period

IQMM

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

TQQQ

1D
3.72%
1M
-12.88%
YTD
-17.87%
6M
-17.28%
1Y
48.52%
3Y*
46.87%
5Y*
13.55%
10Y*
35.31%
*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 QQQ

Often compared with IQMM:
IQMM vs. SBILIQMM vs. SGVTIQMM vs. SSOIQMM vs. GMMFIQMM vs. MMKTIQMM vs. LSATIQMM vs. NOBL
Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. SPXLTQQQ vs. UPROTQQQ vs. TECL

IQMM vs. TQQQ - Expense Ratio Comparison

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

TQQQ
ProShares UltraPro QQQ
IQMM
ProShares GENIUS Money Market ETF

Return for Risk

IQMM vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IQMM
TQQQ
TQQQ Risk / Return Rank: 4747
Overall Rank
TQQQ Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 5151
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 5050
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 4444
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. TQQQ - Risk-Adjusted Trends Comparison

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

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Sharpe Ratios by Period

IQMMTQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.72

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.20

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

21.20

0.65

+20.55

Correlation

The correlation between IQMM and TQQQ is -0.42. 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. TQQQ - Dividend Comparison

IQMM's dividend yield for the trailing twelve months is around 0.33%, less than TQQQ's 0.73% yield.

TTM20252024202320222021202020192018201720162015
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%0.00%0.00%
TQQQ
ProShares UltraPro QQQ		0.73%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%

Drawdowns

IQMM vs. TQQQ - Drawdown Comparison

The maximum IQMM drawdown since its inception was -0.00%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for IQMM and TQQQ.

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Drawdown Indicators

IQMMTQQQDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-81.66%

+81.66%

Max Drawdown (1Y)

Largest decline over 1 year

—

-36.97%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-81.66%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-81.66%

—

Current Drawdown

Current decline from peak

0.00%

-28.08%

+28.08%

Average Drawdown

Average peak-to-trough decline

0.00%

-18.66%

+18.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

12.13%

—

Volatility

IQMM vs. TQQQ - Volatility Comparison

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Volatility by Period

IQMMTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

19.74%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

38.50%

—

Volatility (1Y)

Calculated over the trailing 1-year period

0.16%

67.35%

-67.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.16%

66.53%

-66.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.16%

65.83%

-65.67%