IQMM vs. USD
IQMM (ProShares GENIUS Money Market ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - IQMM is a Money Market fund actively managed by ProShares, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). IQMM is actively managed, while USD is passively managed. At a correlation of -0.18, they often move in opposite directions. IQMM charges 0.15%/yr vs 0.95%/yr for USD.
Performance
IQMM vs. USD - Performance Comparison
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Returns By Period
IQMM
- 1D
- -0.04%
- 1M
- 0.22%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- -12.35%
- 1M
- 1.73%
- YTD
- 84.65%
- 6M
- 79.76%
- 1Y
- 206.76%
- 3Y*
- 114.28%
- 5Y*
- 63.13%
- 10Y*
- 61.02%
IQMM vs. USD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQMM ProShares GENIUS Money Market ETF | 1.16% |
USD ProShares Ultra Semiconductors | 69.16% |
Correlation
The correlation between IQMM and USD is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026 | -0.18 |
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Return for Risk
IQMM vs. USD — Risk / Return Rank
IQMM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USD
IQMM vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares GENIUS Money Market ETF (IQMM) and ProShares Ultra Semiconductors (USD). 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.
| IQMM | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.54 | — |
| Martin ratioReturn relative to average drawdown | — | 18.16 | — |
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Drawdowns
IQMM vs. USD - Drawdown Comparison
The maximum IQMM drawdown since its inception was -0.04%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for IQMM and USD.
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Drawdown Indicators
| IQMM | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -88.63% | +88.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.80% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -0.04% | -14.69% | +14.65% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -32.29% | +32.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.44% | — |
Volatility
IQMM vs. USD - Volatility Comparison
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Volatility by Period
| IQMM | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 67.96% | -67.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.23% | 77.73% | -77.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.23% | 69.83% | -69.60% |
IQMM vs. USD - Expense Ratio Comparison
IQMM has a 0.15% expense ratio, which is lower than USD's 0.95% expense ratio.
Dividends
IQMM vs. USD - Dividend Comparison
IQMM's dividend yield for the trailing twelve months is around 1.08%, more than USD's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQMM ProShares GENIUS Money Market ETF | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.25% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
IQMM and USD have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQMM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQMM is cheaper with a 0.15% expense ratio, compared with 0.95% for USD.
IQMM has the higher dividend yield at 1.08%, compared with 0.25% for USD.
IQMM is categorized as Money Market, while USD is Leveraged Equities. Their fees differ too: 0.15% for IQMM and 0.95% for USD.
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