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TBFvsIQMMETF Comparison

ETF 1

TBF

ProShares Short 20+ Year Treasury ETF

This fund is part of

Inverse Fixed Income

+0.84%

Full TBF fund page

VS

ETF 2

IQMM

ProShares GENIUS Money Market ETF

This fund is part of

Money Market Bonds

-0%

Full IQMM fund page

ProShares Short 20+ Year Treasury ETF (TBF) and ProShares GENIUS Money Market ETF (IQMM) have similar underlying exposures to countries and sectors. Both ETFs have the same top 1 sector exposures: Sovereign. TBF is more expensive with a Total Expense Ratio (TER) of 1%, versus 0.2% for IQMM. Run a side-by-side ETF comparison of TBF and IQMM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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TBF vs IQMM performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TBF IQMM	+0.42%+0.15%	+3.85%+0.71%	+6.38%n/a	+4.69%n/a	+20.22%n/a	+79.84%n/a
Flows	TBF IQMM	+$11M+$2.15B	-$20M-$2.45B	+$46M-	+$43M-	-$82M-	-$713M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TBF IQMM	+10.10%+0.28%	+9.46%n/a	+13.39%n/a	+15.54%n/a
Max drawdown	TBF IQMM	-3.53%n/a	-6.60%n/a	-17.72%n/a	-17.72%n/a
Max drawdown duration	TBF IQMM	32dn/a	198dn/a	579dn/a	579dn/a

Trading data

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	TBF	IQMM
Last sale 9/2/2026 at 1:30 PM	$25.49
Previous close 09/01/2026	$25.52
Consolidated volume 09/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 2, 2026

1-year trailing difference

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IQMM

is actively managed and doesn’t replicate an index

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	TBF	IQMM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	TBF	IQMM
Last price	$25.49	–
1D performance	-0.12%	–
AuM	$116.47 M	$19.53 B
E/R	1%	0.2%

Characteristics

	TBF	IQMM
Management strategy	Passive	Active
Provider	ProShares	ProShares
Benchmark	ICE U.S. Treasury 20+ Year Index	-
N° of holdings	11	11
Asset class	Bonds	-
Trailing 12m distribution yield	Join	Join
Inception date	August 18, 2009	February 17, 2026
ESG	No	No

More TBF data on Trackinsight

More IQMM data on Trackinsight

Exposure

Countries

TBF

USA

74.17%

Other

25.83%

IQMM

USA

95.11%

Other

4.89%

Sectors

TBF

Sovereign

74.17%

Other

25.83%

IQMM

Sovereign

95.11%

Other

4.89%

Diversification

TBF

Total weight of top 11 holdings out of 11

74.17%

IQMM

Total weight of top 11 holdings out of 11

95.11%

Top 15 holdings

Data as of July 31, 2026

TBF

USA, Bills 0% 3sep2026, USD (364D)

26.14%

USA, Bills 0% 17sep2026, USD (182D)

8.89%

USA, Bills 0% 13aug2026, USD (182D)

6.54%

USA, Bills 0% 10sep2026, USD (182D)

6.00%

USA, Bills 0% 22oct2026, USD (182D)

5.41%

USA, Bills 0% 24sep2026, USD (182D)

4.95%

USA, Bills 0% 1oct2026, USD (364D)

4.64%

USA, Bills 0% 8oct2026, USD (182D)

3.77%

USA, Bills 0% 6oct2026, USD (119D)

3.31%

USA, Bills 0% 15oct2026, USD (182D)

3.09%

USA, Bills 0% 29sep2026, USD (119D)

1.44%

IQMM

USA, Bills 0% 17sep2026, USD (182D)

14.98%

USA, Bills 0% 3sep2026, USD (364D)

14.18%

USA, Bills 0% 13aug2026, USD (182D)

11.01%

USA, Bills 0% 10sep2026, USD (182D)

10.11%

USA, Bills 0% 22oct2026, USD (182D)

9.12%

USA, Bills 0% 24sep2026, USD (182D)

8.34%

USA, Bills 0% 1oct2026, USD (364D)

7.81%

USA, Bills 0% 8oct2026, USD (182D)

6.36%

USA, Bills 0% 6oct2026, USD (119D)

5.58%

USA, Bills 0% 15oct2026, USD (182D)

5.21%

USA, Bills 0% 29sep2026, USD (119D)

2.42%

Frequently asked questions about TBF and IQMM

Which ETF is bigger: TBF or IQMM?

As of September 1, 2026, TBF holds $116.47 M in assets under management (AUM), while IQMM manages $19.53 B.

What sectors do the TBF and IQMM ETFs invest in?

TBF leans toward sectors like Sovereign. Meanwhile, IQMM focuses on Sovereign.

What are the top holdings of the TBF ETF and IQMM ETF?

TBF top holdings include USA, Bills 0% 3sep2026, USD (364D), USA, Bills 0% 17sep2026, USD (182D) and USA, Bills 0% 13aug2026, USD (182D). IQMM holds in its top three: USA, Bills 0% 17sep2026, USD (182D), USA, Bills 0% 3sep2026, USD (364D) and USA, Bills 0% 13aug2026, USD (182D).

TBFvsIQMMETF Comparison

ProShares Short 20+ Year Treasury ETF

ProShares GENIUS Money Market ETF

TBF vs IQMM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: TBF or IQMM?

As of September 1, 2026, TBF holds $116.47 M in assets under management (AUM), while IQMM manages $19.53 B.

What sectors do the TBF and IQMM ETFs invest in?

TBF leans toward sectors like Sovereign. Meanwhile, IQMM focuses on Sovereign.

What are the top holdings of the TBF ETF and IQMM ETF?

TBF top holdings include USA, Bills 0% 3sep2026, USD (364D), USA, Bills 0% 17sep2026, USD (182D) and USA, Bills 0% 13aug2026, USD (182D). IQMM holds in its top three: USA, Bills 0% 17sep2026, USD (182D), USA, Bills 0% 3sep2026, USD (364D) and USA, Bills 0% 13aug2026, USD (182D).

Which ETF is more diversified: TBF or IQMM?

TBF has 11 securities and IQMM has 11 securities.

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